Month: April 2024
Nigerian Consumer Credit Corporation Launches Online Portal for Consumer Credit Applications
The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled an online portal to facilitate consumer credit access for Nigerians, aligning with the President’s directive to expand credit availability across the country. The newly launched portal, accessible at credicorp.ng, provides a platform for working Nigerians to register their interest in obtaining consumer credit. This initiative, implemented in…
EFCC Hands Over 14 Forfeited Properties to Enugu State
In a significant move aimed at fostering cooperation between the federal government and state governments, the Economic and Financial Crimes Commission (EFCC) has handed over 14 forfeited properties to the government and people of Enugu State. The ceremony, which took place on Wednesday, April 24, 2024, saw the Executive Chairman of the EFCC, Mr. Ola…
Federal Government Cancels 924 Inactive Mining Licenses to Enhance Industry Transparency
In a bid to bring greater transparency to Nigeria’s mining sector, the federal government has made the decision to cancel 924 inactive mining licenses across various sectors including exploration, mining, small-scale mining, and quarrying. The announcement was made by Mr. Dele Alake, the Minister of Solid Minerals Development, during a press conference held on Wednesday….
Significant Surge in e-Payment Transactions Recorded in Nigeria in Q1 2024
The digital payment landscape in Nigeria witnessed a remarkable surge in the first quarter of 2024, with electronic payment transactions reaching a staggering N234 trillion. This substantial figure represents an impressive 89.3% increase compared to the N123.8 trillion recorded during the same period in 2023. Data released by the Nigeria Inter-Bank Settlement System (NIBSS) revealed…
Governor of Rivers State, Sir Siminalayi Fubara, Announces Cabinet Reshuffle
In a bid to enhance administrative efficiency and effectiveness in Rivers State, His Excellency, Governor Sir Siminalayi Fubara, GSSRS, has approved a minor cabinet reshuffle, as announced by Dr. Tammy Wenike Danagogo, Secretary to the Rivers State Government. The reshuffle involves the reassignment of two key positions within the state government: Both officials are directed…
Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment
In a significant move aimed at reviving Nigeria’s oil and gas industry and bolstering its contribution to the economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector. The ceremony took…
EFCC Investigates Contracts Awarded to Brother of Former Aviation Minister
In a recent development, the Economic and Financial Crimes Commission (EFCC) has launched an investigation into contracts awarded to a company allegedly connected to the brother of Nigeria’s former Minister of Aviation, Hadi Sirika. The EFCC’s probe revealed that Engirios Nigerian Limited, a company purportedly linked to Sirika’s brother, was awarded four significant contracts during…
Former Cameraman Sues Megan Thee Stallion Over Alleged Sexual Incident and Fat-Shaming
In a startling turn of events, hip-hop sensation Megan Thee Stallion is facing legal action from her former cameraman, Emilio Garcia, who alleges he was subjected to a distressing and humiliating experience while working with the rapper. According to court documents filed in Los Angeles County Superior Court on Tuesday, April 23, Garcia claims that…
EFCC Files Fresh Charge Against Godwin Emefiele: Alleges Printing of N684.5m with N18.9bn
In a dramatic turn of events, the Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The charge, lodged at the High Court of the Federal Capital Territory, accuses Emefiele of approving the printing of a staggering N684,590,000 at the…
Cult Clash Update: Itire Residents Urged to Exercise Caution Amid Escalating Tensions
Following yesterday’s disturbing incident at Itire bus stop, Ajegunle, Lagos, where two individuals were attacked in a violent clash between rival cult groups, fresh developments have emerged regarding the situation. Reports now confirm that one of the individuals involved in the altercation, who was tragically eliminated, was affiliated with the Eiye cult group. The incident,…