A group of entrepreneurs and customers of Ikeja Electric Plc in Lagos State at weekend sent an SOS to the Minister of Power, while accusing the electricity distribution company of desperate attempts to crush their operations. Specifically, the complainants accused the officials of the energy supplier, believed to be the largest electricity distribution company in Nigeria, of threatening to ‘’forcefully …

Kano State Governor, Dr Abdullahi Ganduje said on Sunday that the process of replacing old N1,000, N500 and N200 notes with re-designed ones has been stressful for his people. He said no fewer than 24 council areas of the state have no commercial banks. Ganduje spoke with reporters in Daura, Katsina State when he led a delegation of Kano stakeholders …

Ecobank Nigeria Limited won a N5.5 billion debt dispute at the Supreme Court on Friday against Honeywell Flour Mills Limited and its sister firms, Anchorage Leisures Limited and Siloam Global Limited. The Supreme Court dismissed Honeywell’s appeal challenging the Court of Appeal judgment, which was in favour of Ecobank. The five-member panel of the Supreme Court, led by Justice Tijjani …

An engineer has developed a security robot that can remotely launch a gun attack during a robbery invasion. The Head of the Electrical Engineering Unit, Emmanuel Wireko-Brobby, who is also a senior clinical engineering manager at a teaching hospital, disclosed that he built the four-feet robot from waste plastic. Wireko-Brobby revealed that the ”RoboSniper” has an inbuilt surveillance camera, a …

Nigerian banks have announced changes to operating hours ahead of the 31 January deadline for phasing out old naira notes. FirstBank of Nigeria Limited, Standard Chartered, Wema Banks, and many others declared that their branches would be open for cash deposits on Saturday and Sunday. The bank made the statement in a messages to customers on Friday, via their social …

The 2022 floods in various parts of Nigeria led to an estimated economic loss of $9.12 billion (N4.2 trillion official exchange rate), the Federal Government announced on Friday. This was revealed after a post-disaster assessment of the 2022 flooding. The report was released in Abuja by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. Presenting the report, …

Lagos State Governor Babajide Sanwo-Olu, on Friday, signed the state’s N1.768 trillion “Budget of Continuity” into law to consolidate development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, it would also expand intervention programmes and intensify social support to citizens and their …

With three working days to the deadline for the phasing out of the old N200, N500, and N1000 notes, officials of the Central Bank of Nigeria (CBN), Abeokuta branch on Thursday visited various mobile money and Point of Sales (PoS) agents in Ogun State to monitor the implementation of its recently introduced cash swap policy. The cash swap programme is …

The Central Bank of Nigeria (CBN) on Thursday virtually launched the much-touted National Domestic Card, aimed at creating a strong payment system and driving financial inclusion in Nigeria. The multipurpose National Domestic Card, AfriGo will signal the suspension of charges on all cards, according to CBN governor, Mr Godwin Emefiele, who said all payments in the country would be made …

The Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila has said that he would not hesitate to ask the Inspector General of Police, Usman Baba to issue an arrest warrant on the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele to compel him to appear before the House. Gbajabiamila said this on Thursday in reaction …