Ogun State, Nigeria, World News & Stories
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18 posts in this category.
The Central Bank of Nigeria (CBN) pensioners have praised the Federal Government for showing strong leadership by signing an important agreement with the Academic Staff Union of Universities (ASUU). They said resolving a problem that started in 2009 proves that the government can solve long-standing disputes through honest talks, dialogue, and keeping to agreements. Encouraged…
The Federal Government’s plan to move the headquarters of the Bank of Industry (BOI) to Eko Atlantic City in Lagos has raised concerns and questions. Many people are asking why a new headquarters is needed when the bank already has offices in Lagos and Abuja. BOI currently has its head office in Marina, Lagos, a…
Vendors in the Micro, Small and Medium Enterprises (MSME) sector in Ogun State say their businesses are being pushed to the brink due to the difficulty of accessing loans from financial institutions. Many of them struggle with demands for heavy collateral, poor credit records, and high interest rates, which make borrowing almost impossible. They also…
The Federal Inland Revenue Service (FIRS) has announced that beginning in 2026, small businesses will continue to complete full tax computations and file returns, even though they will not be required to pay income tax. Speaking during a webinar, FIRS Deputy Director Kehinde Kajesomo said the process will still involve calculating assessable profits, deducting capital…
Nine of Nigeria’s leading banks reported a combined profit after tax (PAT) of N4.115 trillion for the nine months ending September 2025, marking a 1.5 per cent decline from the N4.176 trillion recorded during the same period in 2024. The banks are Access Holdings, Ecobank Transnational, GT Holdings, FBN Holdings, Sterling Holdings, Stanbic IBTC Holdings,…
The Ogun State House of Assembly Committee on Agriculture, led by Hon. Waliu Owode, has called on former Commissioner for Agriculture, Adeola Odedina, the Chairman and Secretary of the National Cassava Growers Association, the Association’s immediate past executives, Mr. Ilori and Mr. Segun Adewunmi, as well as the Project Manager of the Anchor Borrowers Programme,…
OpenAI, the company behind ChatGPT, announced on Tuesday that Adebayo Ogunlesi, a private equity expert and CEO of Global Infrastructure Partners (GIP), has joined its board. Ogunlesi, 71, will provide advice on securing the infrastructure needed for advancing OpenAI’s artificial intelligence (AI) projects. GIP, founded in 2006, is a private equity firm specializing in infrastructure.…
JUST IN: CAC extends POS registration deadline to Sept 5. The Nigerian business incorporation commission, the Corporate Affairs Commission (CAC) has announced its intention to extend the mandatory point-of-sale agent, super agent, and sole agent registration to September 5, 2024. The commission announced in a statement signed by its management and posted on its X…
The Ogun State Police Command has detained a “credit officer of a microfinance bank,” Esther Hamidu, who allegedly “fled with customers’ contributions” amounting to “N1.97m.” According to PUNCH Metro, Hamidu disappeared with the daily contributions made by the bank’s customers, which “spanned between March and December 2023.” A branch manager in Abeokuta, the state capital,…
In a move that reverberated through Nigeria’s economic landscape, the Central Bank of Nigeria (CBN) recently announced the lifting of the ban on the importation of toothpicks and 42 other items. This decision, part of a broader policy shift, holds both promise and challenges for the nation. In this editorial, we delve into the historical…
