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The current provision of 2.5 percent as host  community trust fund in the Petroleum Industry Bill should be reviewed upward to 10 percent, governors of the South-South region have demanded.   Ifeanyi Okowa, the Chairman of the South-South Governors Forum and Governor of Delta State, disclosed this after the governors’ meeting in Port Harcourt on […]

The United Kingdom is set to return £4.2m (N2.2bn) being part of the funds so far seized from convicted former Delta Governor, James Ibori, his associates, and family members. Abubakar Malami, the Attorney-General of the Federation, and British High Commission to Nigeria, Ms. Catriona Laing revealed this on Tuesday at the signing ceremony of the […]

The ten Mission Secondary school earlier shut by the Kwara State government are to remain closed for a longer time, the government has extended the closure of the schools, all located with the capital, Ilorin.   The schools are to remain shut over security concerns, Mrs. Kemi Adeosun, Permanent Secretary, Ministry of Education and Human […]

Police in Oyo State have said they arrested three members of the Oodua People’s Congress (OPC) over their roles in the arrest of suspected kidnap lynchpin, Iskilu Wakilin Ayete, Ibarapa local government, of the state. The police confirmed that three members of the group were detained for interrogation for their roles in the arson and […]

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar incentive is paid to FirstBank’s customers regardless of their preference to collect the USD as cash across the counter in any of the Bank’s over 750 branches […]

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development.   The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – […]