Technology articles

BVN: Govt accuses CBN, banks of shielding rogues

BVN: Govt accuses CBN, banks of shielding rogues

Banks and their supervisor, the Central Bank of Nigeria (CBN), have been accused of working to derail the government’s anti-corruption war. The Federal Government and the Attorney-General of the Federation (AGF) are querying the double standards allegedly being exhibited by the CBN and the banks in opposing their effort to ensure strict implementation of the

UNILAG becomes first Nigerian university to obtain TV licence

The University of Lagos (UNILAG), Akoka, has become the first university in Nigeria to be granted a licence to operate a television station. This was disclosed by Prof. Ralph Akinfeleye, Chairman of UNILAG Radio and TV, through a statement issued yesterday. According to him, “the National Broadcasting Commission (NBC) granted the TV licence to the

BVN: Banks that may suffer from deposit loss

The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks, The Nation has learnt.   These set of banks, according to an industry source who spoke anonymously, seem to have the largest

NNPC partners Benue, Ondo govts to establish biofuel plants

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litre per annum biofuel plant in Okeluse, Ondo State. The multi-million dollar project when completed, will among other things, create over one million jobs via the production of cassava feedstock, ensure unimpeded

‘NNPC’ll find crude in commercial quantities in inland basins’

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday announced that the aggressive exploration of the inland basins would soon yield result with hydrocarbon finds in commercial quantities. Baru stated this when he received a delegation from the Nigerian Association of Petroleum Explorationists, led by its President, Mr. Abiodun Adesanya, in Abuja.

Diaspora BVN: Tension over forfeiture threat

The decision by the Federal Government to stop commercial banks from operating accounts without Biometric Verification Number (BVN) continues to pitch the citizenry against the Central Bank of Nigeria (CBN) and the Buhari administration. The bone of contention is the forfeiture threat on account holders should they fail to update and register the BVN within

FG to increase power generation to 20,000 MW – Minister

The Federal Government said on Friday that its plan to generate 20, 000 megawatts of electricity over the next four years was on course.   The Minister of State for Power, Alhaji Mustapha Shehuri, gave the assurance in Funtua, Katsina State when he inaugurated a 132/33 KV transformer that would boost power supply to local