Author: bibncollar

Former Nigerian Vice President, Prof. Yemi Osinbajo, says the flamboyant lifestyle of Nigerian business owners is unsustainable for the businesses they run. Osinbajo said this on Thursday in Lagos during his keynote address at the 2024 Women in Management, Business and Public Service conference. The two-day conference which is in its 23rd edition is themed ‘Dream, Dare and Do’ and is chaired by the Vice Chancellor of the University of Lagos, Professor Folasade Ogunsola. The former VP expressed concern that the investible resources of the business owners are spent on maintaining appearances. He said, “Trying to keep up an image…

The Federal Government has expressed appreciation to Nigerians for their resilience amid the challenging effects of recent economic reforms, assuring that these changes are now yielding positive results. Speaking at an interactive session with the Senate Committee on Finance, led by Senator Sani Musa (APC, Niger East), Finance Minister and Coordinating Minister of the Economy Wale Edun acknowledged the sacrifices made by Nigerians. He noted that the “teething problems” from reforms are easing as indicators of economic improvement begin to emerge. Edun stated, “The two critical reforms—market-based pricing for Premium Motor Spirit (PMS) and foreign exchange adjustments—are now at the…

A Bolt Driver, Stephen Abuwatseya has apologised to House of Representatives member representing ABA North/South of Abia State in the National Assembly, Hon. Alex Ikwechegh for the ensued altercation during a delivery of a package to him. In a video released to the press, Mr Abuwatseya felt remorseful as he appeals to all that got offended by the actions to forgive him, so that all feelings would simmer over the ugly incidence. According to him, he made it clear that it was a fact that he had a misunderstanding with Rt. Hon. Alex Mascot Ikwechegh. Abuwatseya noted that he…

Outgoing Governor of Edo State, Godwin Obaseki has said he is ready to willingly submit himself to the Economic and Financial Crimes Commission if the anti-graft agency would need him over his stewardship in the last eight years in the state. Obaseki, speaking to reporters, yesterday, in Abuja, on the sideline of EdoBEST National Results-Sharing Session, an event held to showcase his achievements in the last eight years, especially in the education sector, said he is not afraid of EFCC, insisting that he would gladly turn himself over to them if his attention is needed. The governor, who said…

Galatasaray’s Nigerian forward Victor Osimhen (R) heads the ball in front of Tottenham’s Romanian defender #06 Radu Dragusin (L) during the UEFA Europa League, League phase – Matchday 4, football match between Galatasaray and Tottenham at the Ali Sami Yen Spor Kompleksi in Istanbul on November 7, 2024. (Photo by Ozan KOSE / AFP) Victor Osimhen scored twice as Galatasaray inflicted a first Europa League defeat of the season on Tottenham to move top of the table with a 3-2 victory in Istanbul on Thursday. The Turkish champions have 10 points from four games and have all but secured qualification…

The Chief Judge of Delta State, Justice Tessy Diai, granted freedom to an inmate, Mr Napue Chitu, during her quarterly visit to the Warri Correctional Centre. Speaking during the visit on Thursday, Justice Diai noted that a total of 379 warrants were reviewed, disclosing that the release of the inmate was based on the advice of the Director of Public Prosecutions. She stated, “A total of 379 warrants were reviewed, and the release of the inmate was based on the advice of the Director of Public Prosecutions. “We also visited the Sapele Correctional Centre the following day, where the…

The Nigeria Deposit Insurance Corporation has provided insights into how banks in the country have remained stable without arbitrary liquidations. According to the NDIC’s Zonal Controller in Bauchi, Ajiya Bazarma, stringent supervision has been a key measure in preventing such incidents. Bazarma made this statement on Thursday in Gombe at Government Day Secondary School, Gandu, during the 2024 World Savings Day celebration, themed ‘Act of Humanity.’ He said, “By ensuring regular supervision of banks, we fulfil one of our key mandates—apart from deposit protection, we supervise banks. “NDIC oversees banks in the interest of depositors, ensuring that bank owners…

An Abuja-based law firm has filed a N1 billion lawsuit against the Minister of the Federal Capital Territory and the Federal Capital Development Authority over the alleged unlawful revocation of a property belonging to Green Lake International Limited. In the suit marked FCT/HC/ABJ/CV/416/2024, the defendants include the FCT Minister, FCDA, and Lodigiani Nigeria Limited. The disputed property is located at Plot 2786, Cadastral Zone A06, Maitama District, Abuja. Green Lake International Limited, the plaintiff, claims ownership of the property, supported by a Certificate of Occupancy (No. Ia60w-1566c-6723r-10220-20) dated 29th September 2006. The firm is seeking N1 billion in compensation…

The Executive Chairman of the Fiscal Responsibility Commission, Victor Muruako, on Thursday, identified corruption and lack of accountability as the two biggest challenges plaguing the country. According to him, unless elected officials and public officeholders make a conscious effort to eliminate these issues, they will continue to hamper the nation’s growth and deter foreign investors. The FRC boss made this disclosure in Abuja at a two-day retreat on the ‘Awareness and Sensitisation Programme on Transparency and Accountability for Sub-nationals in North Central Nigeria.’ He said, “Corruption and lack of accountability are the biggest challenges in Nigeria’s democracy. When governments are…

APM Terminals, Apapa, has announced the arrival of the largest container vessel ever to visit Nigeria’s Lagos Port Complex, Apapa, with a capacity of 7,000 twenty-foot equivalent units (TEUs). In a statement issued on Thursday, the terminal operator highlighted that this event marks the first time a Nigerian port has welcomed the vessel EA Centaurus, setting a new milestone for Nigeria’s premier port. The vessel, owned by COSCO Shipping and currently flying the Singaporean flag, measures 272 metres in length, 43 metres in width, and has a 14.3-metre draft. It boasts a capacity of 7,000 TEUs. Commenting on the historic…