FULL LIST: 37 illegal loan apps delisted by FG
The Federal Government on Monday, through the Federal Competition and Consumer Protection Commission delisted 37 more illegal loan apps. The number of loan apps with conditional approval declined to 38 from 40, and the number of apps on the commission’s watchlist grew to 56 from 20. See the list of 37 newly delisted loan apps below:1. Hen Credit Loan App3. Luckyloan Personal Loan App
Source:Punch
September 12, 2023 22:55 UTC
Kalu lauds Tinubu over UAE’s visa ban lift
Benjamin Kalu, on Tuesday, commended President Bola Ahmed Tinubu for walking the talk in his efforts to move Nigeria out of the economic doldrums and quagmires. “It will be recalled that the President during the 2023 electioneering campaigns pledged to restore the glory days of Nigeria. “In an elevated scale, the President on Monday got into talks with President Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE). “Gladly, the diplomatic engagement culminated in the lifting of the visa ban imposed on Nigeria and 19 other African countries in October 2022 by the government of UAE. “Similarly, the development has also given signs of flight resumption by Etihad and Emirates, the two major airlines which on the heels of the visa ban swiftly stopped operations in Nigeria.
Source:Nigerian Tribune
September 12, 2023 22:07 UTC
Documentary: Inside the world of Amotekun where they hunt down killer herdsmen and kidnappers
This 16-minute documentary sheds light on how operatives of the Ondo State Security Network Agency, otherwise known as Amotekun Corps, combat the heinous activities of herdsmen and other criminal gangs in the state. The PUNCH spoke with members of the security team and victims of these herdsmen who recounted their horrid experiences dealing with the assailants.
Source:Punch
September 12, 2023 21:44 UTC
Tinubu special investigator faults CBN audited reports
In August, the CBN released its financial accounts for the years 2016 to 2022 amid an ongoing probe of the financial services sector regulator by a Special Investigator appointed by President Bola Tinubu. Aside from the CBN, the Special Investigator is also investigating the Nigerian National Petroleum Corporation Limited, FRC and other Government Business Entities. According to findings by The PUNCH, the CBN Special Investigator is working with a team of accountants, auditors, and forensic accountants to carry out the investigation. Also, the Special Investigator and his team are expected to question officials of the FRC for allegations bothering on the controversial accounting guidelines used by the CBN, among other issues. Tinubu had on July 28 directed the CBN Special Investigator to work with security and anti-corruption agencies to provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments, whether private or public.
Source:Punch
September 12, 2023 17:21 UTC
10,000 people missing in Libya after floods — Red Cross
About 10,000 people are missing after the devastating flooding in Libya, said the head of the Libya office of the International Federation of Red Cross and Red Crescent Societies. Tamer Ramadan made the comment at a UN press conference in Geneva on Tuesday via video link. The storm system known as Daniel began dumping rain on Libya on Sunday, leading to catastrophic flooding in eastern parts of the country. Hundreds of people have already been buried in the particularly hard-hit city of Derna, where two dams burst. It is as if the society has become diametrically dysfunctional; the criminals and antisocial elements are having a field day.…
Source:Nigerian Tribune
September 12, 2023 17:05 UTC
Court orders election rerun in Banky W’s federal constituency
…Attah, Banky W, Obanikoro reactThe National Assembly Elections Petition Tribunal sitting in Tafawa Balewa Square, Lagos State, has invalidated the election victory of Thaddeus Atta from the Labour Party as the duly elected representative for Eti Osa Federal Constituency. The electoral umpire declared Atta the winner with 24,075 votes, while Banky W and Obanikoro polled 18,668 and 16,901 votes, respectively. Work starts now.”As monitored by our correspondent, he had shared on his Instagram story that, “The Feb 25 election has just been rightly declared inconclusive and supplementary elections have been ordered by the court. The Tribunal has simply ordered a re-run (supplementary election) in the 32 polling units where elections did not hold. In a post similar to the reaction to the election, Banky W, on Monday night wrote “It is possible.
Source:Punch
September 12, 2023 15:06 UTC
NiDCOM boss, Dabiri-Erewa, hails Tinubu’s intervention in UAE visa ban
The NIDCOM boss said this intervention will usher in a new era of collaboration and friendship between the two nations – Nigeria and the United Arab Emirates. The NIDCOM boss, who has been bombarded with calls from excited Nigerians living in the UAE, urged them to continue to be good Ambassadors of the country. The diplomatic parley thus resolved as follows: Immediate lifting of the visa ban placed on Nigerian travellers by the UAE. “A new joint foreign exchange liquidity programme between Nigeria and the UAE, details of which will be announced in the coming weeks. “A commitment to normalise and enhance the relations between the two countries, fostered by the collaboration between President Bola Ahmed Tinubu and UAE President Mohamed bin Zayed Al Nahyan.”READ ALSO FROM NIGERIAN TRIBUNE
Source:Nigerian Tribune
September 12, 2023 14:33 UTC
Metro - IG sets up gun licensing, regulations committee - Punch Newspaper
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Source:Punch
September 12, 2023 12:12 UTC
Politics - Corruption, biggest hindrance to Nigeria’s democratic development – Global report - Punch Newspaper
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Source:Punch
September 12, 2023 12:11 UTC
Development bank to disburse N150bn to MSMEs
The Development Bank of Nigeria says it plans to disburse N150 billion to Micro Small and Medium Enterprises across the country. Nnanna said that the disbursement would be done through participating financial institutions for onward lending to MSMEs across various sectors of the economy. “By and large we have seen some growth across the MSME space because we measure the job creation levels of the money we disburse through our participating financial institutions. Nnanna urged the participating financial institutions to provide the needed aid for MSMEs to continue to grow amidst the prevailing economic challenges in the country. “Consequently, I sincerely believe there is probably more now than ever development financial institutions have to spring into action to come to their aid.
Source:Punch
September 11, 2023 20:22 UTC
Why Nigeria was invited to G20 summit – Biden
The United States President, Joe Biden, who met with President Bola Tinubu, Sunday, on the sidelines of the G20 in New Delhi, India, said the meeting was to reaffirm the country’s commitment to the US-Nigeria relationship. Biden said his administration was committed to the longstanding friendship between both countries and peoples. Biden praised the efforts made by the Tinubu administration to bring about economic reforms in Nigeria. The PUNCH also reports that Tinubu held bilateral meetings with the leaders of Germany, South Korea and India. Responding to the economic focus of Tinubu’s proposal, the German Chancellor acknowledged the mutually beneficial nature of an escalation in the scale of economic ties with Nigeria.
Source:Punch
September 11, 2023 20:22 UTC
4 ways to cut down on spending
It’s not out of place to want to cut down on spending, if you notice the need for it. Deciding to reduce spending could increase your chances of saving more, and avoid financial leakages. This will help to cut down on spending. AutosaveTo cut down on spending, some applications have an autosave option that you could use. Keep your savings account credit card out of sightIf you have savings in an account, and you know you can easily access the credit cards.
Source:Nigerian Tribune
September 11, 2023 19:48 UTC
4 killed in Spain train accident
Four people died near Barcelona after being hit by a suburban train, authorities made this known on Monday. Initially, the Civil Protection Agency had reported three dead and one injured in Sunday night’s accident but later it said in a post on social media platform X, formerly Twitter. The fourth person dead was the injured person who died in the hospital. A group of seven people had tried to cross the tracks near Montmeló station, within the Barcelona metropolitan area, when it was already dark in an area where crossing isn’t allowed. Accidents occur often when people try to cross the tracks instead of using pedestrian underpasses in suburban areas of Spain.
Source:Nigerian Tribune
September 11, 2023 11:26 UTC
India hands over G20 presidency to Brazil
India formally handed over the G20 presidency to Brazil at the closing ceremony of the annual summit of the grouping, that was held in New Delhi this weekend. India Prime Minister Narendra Modi completed the transition by handing over the ceremonial gavel of the presidency to Brazil President Luiz Inacio Lula da Silva. India has had the presidency of the G20 since Dec. 1, when it took over from Indonesia, and will continue to hold the position until Nov. 30. During the two-day summit, the bloc adopted a consensus declaration that made commitments on several issues, including food and energy security, climate change, and global debt vulnerabilities. “In that session, we can review the topics decided during this summit,” Modi said, adding that details would be shared with members.
Source:Nigerian Tribune
September 11, 2023 08:34 UTC
Boosting insurance industry through innovation
In this piece, JOSEPH INOKOTONG writes that innovation through the use of technology will continue to shape the landscape of the insurance industry in Nigeria. There are potential ways in which innovation can enhance the growth of the insurance industry in Nigeria. In addition to focusing on customer experience and feedback, there are a few other ways insurance companies can work with customers to drive innovation. Ms. Prisca Soares, former Secretary General of the African Insurance Organisation (AIO), said the lack of skilled manpower, especially the dearth of actuaries, is presently challenging the insurance industry. The insurance industry needs conscious efforts to address this because it is critical to their business,” she stated.
Source:Nigerian Tribune
September 11, 2023 06:40 UTC