July 2025 – Page 230

Deregister Dormant Political Parties, Rep Tells INEC

01.07.2025

The Chairman of the House of Representatives Committee on Foreign Affairs, Oluwole Oke, has called on the Independent National Electoral Commission (INEC) to restore integrity to Nigeria’s political system by deregistering dormant political parties. He warned that the unchecked proliferation of inactive and opportunistic political platforms is fast becoming a liability to the country’s democratic...

Alleged Cybercrime: Court Admits Natasha To Bail On Self-Recognition

01.07.2025

A Federal High Court in Abuja yesterday admitted the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Udauaghan, to bail on self recognition. The Federal Government had arraigned Natasha on a fresh six counts charge bordering on alleged cybercrime. Natasha however pleaded not guilty when the charge was read to her. The senator was accused of...

Iran-Israel Conflict: Impact on Nigeria’s Economy

01.07.2025

The world is currently witnessing a series of geopolitical shifts that threaten to reshape the global economic landscape. Central to these shifts is the escalating tension between Israel and Iran, a conflict with far-reaching implications. SAMI TUNJI explains how the Israel-Iran conflict could influence Nigeria’s economy, drawing from current economic factors and the ongoing global...

Unclaimed Dividends Law Rejected: Shareholders Protest

01.07.2025

The Independent Shareholders Association of Nigeria has rejected the law mandating the transfer of unclaimed dividends to the Unclaimed Funds Trust Fund account. In a statement signed by its National Coordinator on Saturday, ISAN described the law as a violation of shareholders’ rights, a betrayal of investor trust, and a dangerous precedent threatening private property...

Voluntary Contributions for Nigerian Civ

01.07.2025

The Access ARM Pensions has urged Nigerian civil servants to embrace small but consistent voluntary contributions to their Retirement Savings Accounts to build long-term financial security in their old age. The Executive Director, Technical, Access ARM Pensions, Mr Afolabi Folayan, gave this advice during his keynote address at the International Civil Service Conference in Abuja...

Edo Women Trained in CNG Conversion

01.07.2025

The National Automotive Design and Development Council, in collaboration with the Edo State Government, has begun the training of 50 women in the state on the conversion of petrol-powered vehicles to Compressed Natural Gas-powered vehicles. At the opening ceremony in Benin on Monday, the Director-General/Chief Executive Officer of NADDC, Olumemimo Osanipin, said the initiative aligned...

N4.7tn Power Debt: FG Delays GenCos Meeting

01.07.2025

Despite the Ministry of Power’s promise that President Bola Tinubu would soon meet with power generation companies to discuss the N4.7tn debt owed to them, there has been a deafening silence, with no communication extended to the GenCos nearly two months later, The PUNCH reports. Last month, the Federal Government said that it planned to...

Poor Market Intelligence Hinders Growt

01.07.2025

The African Export-Import Bank has warned that Africa’s failure to trade effectively within itself stems largely from poor market intelligence, weak connectivity, and the absence of structured trade platforms. The Executive Vice President, Intra-African Trade and Export Development at Afreximbank, Kanayo Awani, speaking on Monday at the Nigeria for the Intra-African Trade Fair 2025 Business...

Tinubu Caps FRC Levy at N25m: NECA Hails Decision

01.07.2025

The Nigeria Employers’ Consultative Association has commended President Bola Tinubu for his decisive action in capping the Financial Reporting Council levy at N25m for Public Interest Entities, including unlisted companies. Speaking in Lagos on Monday, the Director General of NECA, Mr Adewale-Smatt Oyerinde, described the move as a landmark moment for Nigeria’s private sector. He...

Cybersecurity Africa: Smartcomply’s Partner Program Tackles

01.07.2025

Smartcomply, an African cybersecurity and compliance solutions provider, has launched a new partner initiative designed to create a robust security alliance that will transform the continent’s digital defence landscape. The Smartcomply Partner Programme, announced in a statement on Monday, aims to build a dynamic ecosystem of consultants, technology firms, and security providers by equipping them...