The Minister of Works and Housing, Babatunde Fashola, has said that the Buhari administration has justified all its debts by constructing various infrastructures across the nation. Fashola stated this at the closing ceremony of the 28th National Council of Works meeting held in Kano on Thursday. He said the ongoing projects across the country had justified the debts, especially when compared with what the previous administrations had done. “Our first budget in 2016 was over N250bn, up from the N18 …
Category: Business
Renowned smartphone brand TECNO launched the latest smartphone in the CAMON series, the Camon 19. The event was held at the landmark center, Victoria Island, Lagos. The event saw several dignitaries from the technology industry, the entertainment industry, and even financial stakeholders attend. The event started with the brand staff welcoming dignitaries while handing out the programs for the event. The beautiful hall decorated in the brand colors was welcoming and shaped in high fashion. Guests took their seats and …
The Federation Account Allocation Committee, on Wednesday, said it shared N954.09n to the three tiers of government, as allocation for July, 2022. This was contained in a communiqué signed by the Director of Information/Press, FAAC, Phil Abiamuwe-Mowete. He said from the amount which included, Gross Statutory Revenue and Value Added Tax, the Federal Government received N406.61bn, states received N281.34bn, Local Government Councils got N210.62bn, while the oil producing states received N55.515bn as derivation (13 per cent of mineral revenue). The …
A point of sale (POS) agent identified as Oluwakorede Noah has raised the alarm over the refusal of Crowd Force, a distribution network, to address complaints of failed financial transactions for over a month. Noah told SaharaReporters that his POS business has recorded losses running into N250, 000 because of the company’s refusal to contact the bank and trace unsuccessful transactions. According to Noah, he was introduced to the company’s product, PayForce and had been an agent on the platform. However, …
A Nigerian man, Kalu Ezekiel Emenike who registered with Niger Insurance Plc, for his personal pension & savings (FLEXI) has accused the insurance firm of failing to pay him his matured savings of N402,186.64. According to Kalu, he opened an account at the Ikeja Branch of the company in May 2016. But three years after the maturity of his savings, the insurance firm has refused to pay him. From the policy agreement Kalu signed with the company, he was …
A businessman in Lagos State, Sunday Soneye has petitioned the governor of Lagos State, Babajide Sanwo-Olu over the unlawful demolition of his car wash facility, Bias Car Wash, by thugs and officials of the Lagos State agencies. The agencies are Lagos State Environmental Sanitation Corps (LAGESC) and Lagos State Waste Management Agency (LAWMA). According to the petition signed by human rights lawyer, Inibehe Effiong, the aggrieved businessman explained that he had obtained a business space close to the First Anglican …