34 h. ago 9PSB launches digital collections platform to boost businesses

9 Payment Service Bank (9PSB), one of Nigeria’s first payment service banks, has launched its Bank9ja Merchant Collect product, designed read more 9PSB launches digital collections platform to boost businesses

Politics

56 h. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

Politics

2 d. ago Wike says ground rent revenue drives Abuja’s infrastructure growth, defends renaming of ICC after Tinubu

Says I have land to ‘bury’ critics, From Juliana Taiwo-Obalonye, Abuja   At the commissioning of the Apo to Wassa axis of the Outer Southern Expressway (OSEX) II, Minister of Federal Capital Territory (FCT), Nyesom Wike spotlighted the critical role of ground rent revenue in funding Abuja’s rapid development, while also robustly defending the decision […] The post Wike says ground rent revenue drives Abuja’s infrastructure growth, defends renaming of ICC after Tinubu appeared first on The Sun Nigeria.

Politics

5 d. ago NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years

From Adanna Nnamani, Abuja Two and a half decades after Premier Commercial Bank was shut down, the Nigeria Deposit Insurance Corporation (NDIC) has officially commenced payment of liquidation dividends to the bank’s verified creditors. Premier Commercial Bank, once a functioning financial institution, had its operating license revoked by the Central Bank of Nigeria (CBN) in […] The post NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years appeared first on The Sun Nigeria.

Politics

5 d. ago NDIC begins payment of liquidation dividends to premier commercial bank creditors, 25 years after closure

From Adanna Nnamani, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has commenced payment of liquidation dividends to verified creditors of the defunct Premier Commercial Bank, 25 years after its closure. The bank’s operating licence was revoked by the Central Bank of Nigeria (CBN) on December 20, 2000, due to financial instability and regulatory non-compliance, marking […] The post NDIC begins payment of liquidation dividends to premier commercial bank creditors, 25 years after closure appeared first on The Sun Nigeria.

Politics

6 d. ago Ground rent: Caution Wike against sealing 34 embassies – SERAP tells Tinubu

By John Ogunsemore The Socio-Economic Rights and Accountability Project (SERAP) has advised President Bola Tinubu to call Minister of FCT, Nyesom Wike to order over a purported plan to seal 34 diplomatic missions for failing to pay ground rent in Abuja. The FCT administration under Wike had published the details of 9,000 debtors in national […] The post Ground rent: Caution Wike against sealing 34 embassies – SERAP tells Tinubu appeared first on The Sun Nigeria.

Politics

6 d. ago Ground Rent: Sealing Embassies Will Cost Nigeria, Avoid Diplomatic Issues — Falana Warns Wike

Controversial Human rights lawyer, Femi Falana, has warned Minister of Federal Capital Territory, Nyesom Wike, over his plan to seal 34 embassies and foreign missions said to be owing ground rents in Abuja. Recall that INFORMATION NIGERIA had reported that Wike administration in the FCT had published details of 9,000 debtors in newspapers, asking them […] The post Ground Rent: Sealing Embassies Will Cost Nigeria, Avoid Diplomatic Issues — Falana Warns Wike appeared first on Information Nigeria.

Events

6 d. ago Ground rent: Serious diplomatic problems await Nigeria if Wike seals foreign embassies — Falana

Tribune Online Ground rent: Serious diplomatic problems await Nigeria if Wike seals foreign embassies — Falana He warned that sealing diplomatic premises over unpaid rents would breach international law. “If we embark on invading the embassy of any country, it’s going to lead to serious." Ground rent: Serious diplomatic problems await Nigeria if Wike seals foreign embassies — Falana Tribune Online

Politics

6 d. ago Ground rent: Sealing embassies will lead to diplomatic crisis — Falana warns Wike

By Seyi Babalola Activist lawyer Femi Falana has warned the Federal Capital Territory Administration (FCTA) against closing embassies due to non-payment of ground rent. Falana cautioned the FCTA, led by Minister Nyesom Wike, that closing off embassies in Abuja would cause a significant diplomatic issue for Nigeria. On Wike’s directives, FCTA authorities began sealing off […] The post Ground rent: Sealing embassies will lead to diplomatic crisis — Falana warns Wike appeared first on The Sun Nigeria.

Events

1 week ago Unpaid Ground Rent: I Love Stepping On Toes Of Big Men – Wike

Minister of the Federal Capital Territory, Nyesom Wike, has said that he derives joy from stepping on the toes of ‘big men’. INFORMATION NIGERIA reports that Wike’s statement is coming amid controversies surrounding recent sealing of Peoples Democratic Party’s National Secretariat in Abuja. Recall that the former governor of Rivers State, had directed staff of […] The post Unpaid Ground Rent: I Love Stepping On Toes Of Big Men – Wike appeared first on Information Nigeria.

Politics

2 w. ago ‘Wike No De Look Uche Face’ – Spokesperson Olayinka Tells PDP Over Unpaid Ground Rent For Secretariat

Senior Special Assistant on Public Communications and Social Media to Minister of Federal Capital Territory, Nyesom Wike, Lere Olayinka, has declared that the Minister will not be distracted by anyone. Mr. Olayinka noted that despite clapback from opposition parties and ground rent defaulters, Wike remains resolute in discharging of his duties. INFORMATION NIGERIA reports that […] The post ‘Wike No De Look Uche Face’ – Spokesperson Olayinka Tells PDP Over Unpaid Ground Rent For Secretariat appeared first on Information Nigeria.

Politics

2 w. ago Stakeholders Reiterate Need For PPPs As Shafa Energy Unveils CNG Station

Stakeholders in the energy sector have underscored the importance of collaboration between public and private sectors in advancing Nigeria’s energy transition especially in the Compressed Natural Gas (CNG) adoption across the country. This is as Shafa Energy unveiled its new  CNG station in Sabon Lugbe, Abuja, as part of efforts to expand access to alternative […]

Politics

2 w. ago Ground rent: Senator Kingibe, FCT Minister trade words over revocation of properties 

Tribune Online Ground rent: Senator Kingibe, FCT Minister trade words over revocation of properties  He said, "It is ridiculously embarrassing that a serving Senator of the Federal Republic of Nigeria, whose duty is to make laws, is ignorant of the provisions of Section 28, Subsections (a) and (b) of the Land Use Act. Ground rent: Senator Kingibe, FCT Minister trade words over revocation of properties  Tribune Online

Politics

2 w. ago Ground Rent: LP’s Senator Kingibe Knocks FCTA Over Indiscriminate Property Sealing

A Labour Party’s lawmaker, representing Federal Capital Territory, Senator Ireti Kingibe, has berated Federal Capital Territory Administration over its recent sealing of properties in the FCT. In a statement personally signed by the lawmaker on Thursday, described the development as unconstitutional act. Senator Kingibe stated that although enforcement of tax obligations was necessary, defaulting in […] The post Ground Rent: LP’s Senator Kingibe Knocks FCTA Over Indiscriminate Property Sealing appeared first on Information Nigeria.

Society

2 w. ago Ground Rent: ‘You’re Ignorant Of Land Use Act’, Wike’s Spokesman Berates FCT Senator Kingibe

Lere Olayinka, the senior special assistant on Public Communications and Social Media to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has berated the Senator representing FCT, Ireti Kingibe, for being ignorant of the law regarding the enforcement of Ground Rent payment by land owners. Olayinka’s statement came in response to Senator Kingibe’s […]

Politics

2 w. ago Pay Your Taxes And See More Developments — Wike Tells Ground Rent Defaulters

Minister of the Federal Capital Territory, Nyesom Wike, has tasked property owners in Abuja to pay for their ground rent to see more developmental changes. The former governor of Rivers State added that refusal to pay the rent and other taxes creates biggest challenge during his tenure, adding that his administration will soon increase taxes […] The post Pay Your Taxes And See More Developments — Wike Tells Ground Rent Defaulters appeared first on Information Nigeria.

Economics

2 w. ago Wike Should’ve Proven His Loyalty To PDP By Paying For The Party’s Ground Rent — Bode George

A chieftain of the Peoples Democratic Party, Bode George, has berated Minister of Federal Capital, Nyesom Wike, over the sealing of PDP’s national secretariat in Abuja. Recall that some staff of the Federal Capital Territory Administration on Monday, stormed the apartment, located at Wadata Plaza, Plot 1970, Michael Okpara Street, due to unpaid ground rent. […] The post Wike Should’ve Proven His Loyalty To PDP By Paying For The Party’s Ground Rent — Bode George appeared first on Information Nigeria.

Society

2 w. ago PDP secretariat: We thought Nigeria had two presidents – Dele Momodu

Chieftain of the Peoples Democratic Party (PDP), Dele Momodu, has lauded President Bola Tinubu for his intervention after the sealing of properties in Abuja over unpaid ground rent. On Monday, the Federal Capital Territory Authority, under the supervision of FCT Minister Nyesom Wike, sealed several business premises in Abuja. The properties affected include the Federal […] The post PDP secretariat: We thought Nigeria had two presidents – Dele Momodu appeared first on The Sun Nigeria.

Politics

2 w. ago Ground rent: PDP kicks as national headquarters is sealed over unpaid ground rent

• FCTA takes possession of 4,794 revoked property From Juliana Taiwo-Obalonye and Ndubuisi Orji, Abuja The Peoples Democratic Party (PDP) has described the sealing of its National Secretariat, Wadata Plaza, as the height of irresponsibility. The National Chairman, Umar Damagum, who stated this, yesterday, after a meeting of the National Caucus, alleged that the All […] The post Ground rent: PDP kicks as national headquarters is sealed over unpaid ground rent appeared first on The Sun Nigeria.

Politics

2 w. ago Ground rent dispute: FIRS Chairman meets Tinubu, slams FCTA over office invasion

•Denies debt, demands apology From Adanna Nnamani, Abuja The Federal Inland Revenue Service (FIRS) has strongly condemned what it described as an unwarranted and embarrassing invasion of its offices in Abuja on Monday by officials of the Federal Capital Territory Administration (FCTA) over an alleged ground rent default. Shortly after sealing its premises, the FIRS […] The post Ground rent dispute: FIRS Chairman meets Tinubu, slams FCTA over office invasion appeared first on The Sun Nigeria.

Politics