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FG Announces New Plan for N-Power Beneficiaries

By Sahel Standard Magazine January 21, 2021 191 0

N-Power beneficiaries, who have concluded the two-year job programme, will now be able to access permanent job opportunities or business prospects, the Federal Government has declared. This is part of the newly-activated N-power exit strategy. The initiative is for Batches A and B of the N-Power programme. Minister of Humanitarian Affairs, Disaster Management and Social Continue Reading

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Reps, CBN, Customs to Fast-Track Export Processing Automation

By Sahel Standard Magazine January 21, 2021 62 0

The House of Representatives has asked the Central Bank of Nigeria and the management of the Nigeria Customs Service to fast-track the automation of export processing at the port to avoid delays which has resulted in huge loss of revenue to the government. Chairman of the Technical Committee of the House Committee on Customs and […]Continue Reading

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Rent-seeking Politicians Destroying the Nigerian Economy Says Moghalu

By Sahel Standard Magazine January 11, 2021 86 0

Moghalu, a former deputy governor of the Central Bank of Nigeria was a guest on ARISE News where he said the creation of different exchange rates for different businesses in the country for the Naira has ensured there is no level playing field in the financial market. “Nigeria’s politics is driven by a greed for […]Continue Reading

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FG Moves To Borrow Dormant Account Balances, Unclaimed Dividends

By Sahel Standard Magazine January 6, 2021 210 0

According to the Finance Act 2020 recently signed into law by President Muhammadu Buhari, the trust fund will be a sub-fund of the Crisis Intervention Fund. “Any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a […]Continue Reading

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Osinbajo: FG, Cement Manufacturers Agree On Discount For Low Income Houses

By Sahel Standard Magazine January 4, 2021 281 0

As part of its determination to ensure the success of the Social Housing scheme where the Buhari administration will construct 300,000 houses under the Economic Sustainability Plan (ESP), for low income earning Nigerians, cement manufacturers have agreed with the Federal Government to charge discount price. Making the disclosure over the weekend while visiting the Continue Reading

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FCMB Investigates Alleged Unethical Conduct Against MD Nuru

By Sahel Standard Magazine January 2, 2021 710 0

The Board of Directors of the First City Monument Bank (FCMB) has said it is currently investigating allegations of unethical conduct against its Managing Director, Adam Nuru. The bank chief has been at the centre of a marriage scandal involving Moyo Thomas, a former employee of the bank, and his late husband, Tunde Thomas. A […]Continue Reading

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FCMB MD Adam Nuru Petitioned Over Marriage Scandal

By Sahel Standard Magazine January 2, 2021 668 Post a comment

The attention of the public has been drawn to the Petition initiated by friends of Tunde Thomas (now deceased) who allegedly died of heart break after discovering that his supposed two children with his wife Moyo Thomas belong to the current FCMB MD. Adam Nuru who was his wife’s boss (MD) in FCMB reportedly fathered […]Continue Reading

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Nigerians may enjoy increased access to credit in 2021 – CBN

By Sahel Standard Magazine December 31, 2020 149 0

The Central Bank of Nigeria (CBN), says Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021. This is according to the Credit Condition Survey Report, released by the Statistics Department of the apex bank. The survey indicated that the increase already occurred in the last quarter of […]Continue Reading

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Buhari Gives Marching Order To CBN On Food Importation

By Sahel Standard Magazine December 29, 2020 312 0

President Muhammadu Buhari has given a marching order to the Central Bank of Nigeria, CBN, not to give any money for food importation in the New Year. Buhari said his administration would keep a keen eye on food inflation in the New Year while giving a strong directive to the CBN. Speaking at the fifth […]Continue Reading

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NDIC Begins Closure Of 42 Microfinance Banks After CBN’s Directive

By Sahel Standard Magazine December 21, 2020 156 0

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the Central Bank of Nigeria (CBN). The NDIC had earlier on Friday announced on its website that the CBN has revoked the operating licences of 42 microfinance banks. It confirmed to Channels Television on Monday that the […]Continue Reading