Manufacturers warn soaring interest rates, shrinking loans could derail Industrial Policy 2025Sector loses N1.92tn in bank credit as borrowing costs hit 35.6% BY FRONTLINE REPORTERS The Manufacturers Association of Nigeria (MAN) has sounded the alarm over a worsening credit squeeze in the manufacturing sector, warning that a massive N1.92 trillionContinue Reading
Says terrorists, sponsors have no place in Nigeria’s financial systemMilitary claims major gains against ISIS, Boko Haram networks BY FRONTLINEREPORTERS The Federal Government has directed banks, financial institutions and designated non-financial businesses to immediately enforce sanctions against individuals and entities linked to terrorism financing by freezing their assets and reportingContinue Reading
The Senate has passed a bill seeking to amend the 1999 Constitution to provide for the establishment of state police services across the federation. With its passage, the legislation replaces the existing Nigeria Police Force framework with a dual structure comprising a Federal Police Service and State Police Services. TheContinue Reading
From left: Executive Director, Finance and Administration, NIMASA, Mr. Chudi Offodile and Director and Head of ITCILO; Christopher Perrin; during the signing of a Memorandum of Understanding MoU, with the International Training Centre of the International Labour Organization ITCILO, Turin, Italy on capacity development and Maritime Labour Curriculum development. TheContinue Reading
BY FRONTLINE REPORTERS State governors are seeking greater constitutional authority over security operations within their domains and guaranteed funding arrangements for the proposed State Police Services, according to a report of a high-level strategic meeting involving state Attorneys-General, legal experts and senior security officials convened by the Nigeria Governors’ ForumContinue Reading
A cache of arms and ammunition believed to have been destined for criminal elements seeking to undermine the peace and security of Kogi State has been intercepted in a joint security operation. The state government announced this in a statement signed by the Commissioner for Information and Communications, Kingsley Fanwo,Continue Reading
L-R: Special Assistant to Executive Director Maritime Labour and Cabotage Services, NIMASA, Dr. Zainab Kyari; Regional Advisor/Technical Expert on Maritime Labour Conventions, Dr Amos Hosea Kuje; Director, Legal Services NIMASA, Mr. Heaky Dimowo; Head of Training, ITCILO Giuseppe Zefola, Executive Director Finance and Administration, NIMASA, Mr Chudi Offodile; Director, andContinue Reading
Oyebanji BY FRONTLINE REPORTERS Ekiti State Governor, Biodun Oyebanji, has described his re-election for a second term as a humbling vote of confidence from the people, pledging In a statement issued after the Independent National Electoral Commission (INEC) declared him winner of Saturday’s governorship election, Oyebanji said the people ofContinue Reading
BY FRONTLINE REPORTERS The Kebbi State Police Command has confirmed a terrorist attack in Tsamiya town on Saturday night, which left property destroyed, while a resident of the community was also abducted in the process. The command has immediately deployed tactical teams to the community in a swift response. AccordingContinue Reading
The Independent National Electoral Commission has declared the All Progressives Congress candidate, Governor Biodun Oyebanji, the winner of the Ekiti State governorship election held on Saturday. The governor was re-elected after polling 319,224 votes over his closest rivals in the opposition Peoples Democratic Party, Olumayokun Oluyede and African Democratic Congress,Continue Reading