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The Nigeria Sovereign Investment Authority (NSIA) has announced a substantial commitment of $500 million towards bolstering domestic infrastructure development, along with facilitating additional third-party investments exceeding $1 billion.  This momentous disclosure was made by Aminu Umar-Sadiq, the Managing Director and Chief Executive Officer of NSIA, during an investigative hearing held on Tuesday, August 22, 2023.  The hearing was convened by the Ad hoc committee established by the House of Representatives, with the aim of delving into the NSIA’s operations since its inception. Umar-Sadiq elucidated that NSIA is a jointly owned entity, encompassing the federal government, state governments,…

The Coalition of Pro-Democracy Groups for A Better Nigeria has raised concerns among security agencies regarding the activities of the “Obi-dients,” a group supporting the Labour Party (LP) presidential candidate, Dr. Peter Obi, in the upcoming 2023 elections. The coalition alleges that the Obi-dients are engaging in actions aimed at intimidating the judiciary and potentially causing unrest. Accusations have emerged that Obi-dients have set up billboards strategically near the venue of the presidential election petition tribunal. These billboards urge the judges presiding over election-related petitions to carefully consider their judgments. This move has been interpreted by…

By Onomiguren Agbamu Delta State Governor Rt. Hon Sheriff Oborevwori on Tuesday said his administration would partner oil companies in the implementation of the Petroleum Industry Act (PIA) for the sustainable development of host communities. The Governor stated this when he received top management of Chevron Nigeria Limited led by the Managing Director, Mr. Rick Kennedy at Government House, Asaba. He lauded Chevron Nigeria Limited for sustaining its operations in the state and for its contributions to the growth and development of its host communities. He said: “The good thing about our relationship with Chevron is that there has been…

By Onomiguren Agbamu A Federal Law Marker, Representing Isoko North and South in the Federal House of Representatives, Hon. Ajirioghene Jonathan Ukodhiko has expressed optimism that the newly inaugurated Delta state Commissioners will offer purposeful leadership support to complement the vision of the state government MORE agenda. The Federal Law Marker spoke yesterday at Asaba during an interview with newsmen while revealing the readiness of the state government to hit the ground running He said, “You can see the calibre of commissioners in the various cabinets, you see they are ready to hit the ground running, the mixture is a…

By Onomiguren Agbamu As part of measures to cushion the impact of fuel subsidy removal, Delta state Governor, Rt. Hon. Sheriff Oborevwori has rolled out palliatives for workers in the state, with each set to receive an additional N10,000 monthly as support from the government. The Governor also announced that the state’s 50,196 workforce will now work in shifts and from home. The Governor disclosed this in Asaba shortly after he was sworn in of the 26 Commissioners as members of the State Executive Council. He said the payment to support the workers would commence in August and last for…

Government, in collaboration with the Federal Ministry of Agriculture, conducted a comprehensive training program for 50 disease surveillance agents over the weekend. The three-day training, declared open by Barr. Olasunkanmi Olaleye, the Commissioner for Agriculture and Rural Development, aims to enhance accurate reporting of animal diseases within the state. The initiative, organized by the Regional Disease Surveillance Enhancement (REDISSE) Project in partnership with the Oyo State Government, seeks to elevate the standards of disease monitoring and control. By equipping surveillance agents with epidemiological knowledge and skills, the program strives to prevent and manage animal diseases both within Oyo State and…

Governor Uba Sani of Kaduna has emphasized that a unified effort, transcending military action alone, is vital to addressing the challenges of banditry and terrorism in the Northwest and Northcentral states of Nigeria. Speaking at a significant high-level town hall meeting titled “Promoting Peace and Security in Northwest Nigeria” held in Kaduna, Governor Sani urged for collaborative strategies involving frontline states, stakeholders, and security agencies to effectively combat these security threats. The one-day event, organized by the Kukah Centre in partnership with Global Rights and supported by the UK Foreign, Commonwealth, and Development Office (FCDO), aimed to contribute to community…

In a recent development, three prominent financial institutions have announced delays in the filing of their half-year financial statements, casting a spotlight on the Nigerian Exchange Limited (NGX). These reporting delays, attributed to varying reasons, have prompted these institutions to extend their reporting deadlines and offer explanations for the holdup. As part of the regulatory framework, listed companies are obligated to submit their financial results within specified timeframes. Additionally, in the event of any delay, it is mandatory to promptly notify the NGX regarding the extension. United Bank for Africa Plc, Zenith Bank Plc, and Stanbic IBTC Holdings Plc…

Jaiz Bank, a leading Islamic bank in Nigeria, has undergone a significant transformation by restructuring both its board and management, aligning itself with an innovative approach to navigate new business dynamics. The reorganization follows directives outlined in two recent circulars issued by the Central Bank of Nigeria (CBN), signifying the bank’s commitment to adapt and thrive in a rapidly evolving financial landscape. In response to the first circular, the bank witnessed the departure of two non-executive directors, Umaru Mutallab and Falalu Bello, who had previously held the positions of Chairman of the Board of Directors and board member, respectively. The…

The United Bank for Africa (UBA) is taking a proactive step to support micro, small, and medium-scale enterprises (MSMEs) across the continent. Through its renowned ‘UBA Business Series’, the bank is gearing up to host an impactful workshop aimed at equipping business owners with essential insights to navigate the delicate balance between health and wealth amidst ongoing global economic challenges. Set to take place today, Wednesday, in Lagos, the workshop’s theme, ‘Financial Fitness: Balancing Health and Wealth for Small Business Owners,’ underlines the significance of maintaining both financial stability and personal well-being in these uncertain times. UBA’s commitment to fostering…