Business

SIX SAFEST BANKS IN NIGERIA When it comes to choosing a commercial bank in Nigeria, safety and stability are key factors to consider. You want to ensure that your hard-earned money is in good hands and that the bank you choose is financially healthy. In this article, we will explore the six safest and healthiest commercial banks in Nigeria. 1. …

CYBERSECURITY LEVY NOT FOR INDIVIDUALS – FALANA Senior lawyer Femi Falana, SAN, has said that the recently imposed 0.5 per cent cybersecurity levy is not meant for individuals. Falana made this known in a statement on Thursday, saying the circular of the Central Bank of Nigeria, CBN, wrongly interpreted the provisions of the Cybercrime (Prohibition, Prevention, etc.) Amendment Act 2024. …

HOTEL PRESIDENTIAL: ENUGU GOVT DISMISSES CAVEAT EMPTOR, SAYS CONTRACT WITH PRIMEVIEW HOTELS ALREADY REVOKED The Enugu State Government has dismissed a caveat emptor published on Hotel Presidential in various national dailies by Mr. Gbolahan Elias, SAN, on behalf of Primeview Hotels Limited. The state made its position known in a statement entitled “Setting the Record Straight: Re: Hotel Presidential”, issued …

BINANCE CEO INDICTS TINUBU’S GOVT, SAYS FG OFFICIALS SOUGHT SECRET CRYPTO SETTLEMENT Binance CEO Richard Teng has alleged that officials in Nigeria approached the exchange’s team and offered a secret crypto settlement proposal. Teng shared details of the development in a blog post that highlights the ongoing legal troubles around Binance official Tigran Gambaryan. Teng, who replaced former Binance CEO …

TINUBU’S SON, SEYI, DIRECTOR IN CDK, PRESIDENCY ADMITS The presidency has admitted that President Bola Tinubu’s son, Seyi Tinubu, joined the Board of Directors of CDK in 2018. Former Vice President Atiku Abubakar had in a statement on Sunday accused the President of conflict of interest in the award of the Lagos-Calabar Coastal Highway to Hitech Construction Company, which he …

FG ORDERS DOWNWARD REVIEW OF ELECTRICITY TARIFF FOR BAND A CUSTOMERS The Federal Government has approved a downward review in electricity tariff for Band A customers (those with a daily supply of minimum of 20 hours). Under the approved review, Band A customers that were hitherto charged N225/Kwh are now to pay N206.80/Kwh. The decision to crash the tariff may …

EEDC DERAUDING SOUTHEAST, IPOB TELLS AGENCY TO ENSURE ADEQUATE ELECTRICITY OR EXIT The Indigenous People of Biafra, IPOB, have charged the Enugu Electricity Distribution Company, EEDC, to ensure adequate power supply or vacate the Southeast for others who can light up the region. IPOB accused the EEDC of defrauding people of the Southeast through exorbitant billing and an estimated billing …

COURT STOPS IMPLEMENTATION OF NEW ELECTRICITY TARIFF A Federal High Court in Kano has issued an order restraining the National Electricity Regulatory Commission and the Kano Electricity Distribution Company from implementing the new electricity tariff for Band A consumers. The suit marked FHC/KN/CS/144/2024 was filed by Super Sack Company Limited and BBY Sacks Limited. Others are Mama Sannu Industries Limited, …

ANGER AS MINISTER TELLS NIGERIANS TO ACCEPT TARIFF HIKE OR FACE BLACKOUT Strong reactions have trailed comments by the Minister of Power, Adebayo Adelabu, that there would be total blackout in the country in the next three months if the proposed electricity tariff hike is not implemented. Adelabu said this when he appeared before the Senate Committee on Power, which …

COURT STOPS INCREMENT IN PRICES OF DSTV, GOTV SUBSCRIPTION A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multichoice Nigeria Limited, owners of Dstv and GOtv from increasing their tariffs and cost of products and services scheduled to begin on May 1. The three-member tribunal, presided over by Saratu Shafii, gave the interim order following an …