Author: Chronicle Editor

The Central Bank of Nigeria (CBN) has said that 28 million bank customers have never received loans from their banks. Deputy Governor, Financial System Stability Directorate, CBN, Aisha Ahmad, said this while speaking at the 4th National Fintech Conference, in Lagos. Lamenting the huge financial access gap in the country especially in terms of access to credit, she said: “Out of 40 million Bank Verification Numbers (BVNs) and about 12 million have credit history and that gap is to be looked at. “Yes, 63.2 per cent of Nigerians are financially included but financial inclusion is not inclusion itself it is…

President Muhammadu Buhari has applauded the performance of the Golden Eaglets in their second game at the ongoing Under 17 FIFA World Cup competition in Brazil, on Tuesday. The Golden Eaglets won the match by 3-2 after they had trailed Ecuador by 1-2, 15 minutes to the end of the match. President Buhari, in a statement by his spokesman, Mr Femi Adesina in Abuja, said: “The fact that the youngsters never gave up, and turned the table against their opponents, is a lesson in persistence and resilience.” 6 ways Trump sold out America – Robert Reich The president recommended the…

One of Donald Trump’s main campaign promises was to put “America First” and defend American interests above all else. It was a theme that riled up his base at rallies across the country, but this has turned out to be yet another big lie. At every turn, he has sold out America for his own personal interest. Instead of putting America first, here are 6 ways Donald Trump has put himself first: 1) He has encouraged foreign powers to interfere in our democracy. Trump is using the power of the presidency to encourage foreign leaders to interfere in our elections – asking…

A Northern group, Arewa Youth Forum (AYF), has commended Mr. Tunde Fowler, Chairman, Federal Inland Revenue Service (FIRS), for the sterling performance of the service, which it described as “unprecedented record in the history of tax administration in Nigeria”. The group gave the commendation on Monday when members of its National Executive Council paid a courtesy visit to FIRS headquarters in Abuja. The group listed the indices of the record performance as including the expansion of the country’s taxpayer base, inauguration of the new Taxpayer Identification Number Registration System and deployment of online solutions to ease tax payment. AYF National…

The National Economic Council (NEC), comprising the 36 Governors of the Federation, FCT Minister and Governor of the Central Bank, have commended President Muhammadu Buhari and Vice President Yemi Osinbajo, SAN, for driving Ease of Doing Business reforms, which has seen Nigeria move up fifteen (15) places in the World Bank Doing Business Ranking for 2020. The NEC, chaired by the Vice President, praised President Muhammadu Buhari for setting up the Presidential Enabling Business Environment Council (PEBEC), and commended the Vice President for vigorously driving the Ease of Doing Business reforms, noting that Nigeria being named among the Top-10 improved…

…As Ambode Accuses House Of Bias, Misrepresentation Of Facts …Seeks Restraint From Summons A Lagos High Court in Ikeja on Tuesday ordered the Speaker of the State House of Assembly, Mudashiru Obasa to appear before it in connection with the ongoing probe of procurement of 820 buses by the administration of former Governor of the State, Mr. Akinwunmi Ambode. The former Governor had instituted a suit against the Assembly to contest the constitutionality of the probe of the buses which were procured based on budgetary approval as part of the Bus Reform Project of the State Government designed to revolutionize…

The All Progressives Congress (APC) has accused the Peoples Democratic Party (PDP) ofn using foreign media organisations against Supreme Court Justices ahead of the hearing of the 2019 presidential election petition. The National Publicity Secretary of APC, Malam Lanre Issa-Onilu, who said this on Monday at a news conference in Abuja, described the act as unpatriotic agenda, urging Nigerians to rise against it. “Ahead of the hearing of the Supreme Court on the 2019 presidential election petition, APC alerts Nigerians on a new and sinister plot by PDP and its presidential candidate, Atiku Abubakar, to malign Supreme Court Justices using…

A Ghanaian 12 year-old prodigy has won a spot at university to study public administration. Viemens Bamfo is the youngest out of nearly 3,000 students who have just been enrolled at The University of Ghana. He passed entrance exams with flying colours after being home-schooled by his father Robert Bamfo. He told the BBC’s Focus on Africa programme that he has ambitions for Ghana’s top job: “I want to become the President of Ghana, I want to lift high the flag of Ghana and make Ghana a truly independent country like China, the US, Britain and other countries.” He hopes…

South Africa’s unemployment rate has risen to 29.1% which is the highest in 11 years. The figures were announced in the capital, Pretoria, by the country’s Statistician-General Risenga Maluleke from the Quarterly Labour Force Survey for the third quarter of 2019. It increased by 0.1% from the previous quarter. In the last 10 years the unemployment rate increased by 4.6%. In the last five years the unemployment rate rose by 3.7% and in the past year, unemployment rose by 1.5%. 97 inmates still at large after Kogi flood disaster The survey said 6.7 million people are unemployed and 15.5 million…

At least 97 inmates are still at large following a flood at the Medium Security Custodial Centre, Koton Karfe in Kogi state although no life was lost. The flood which was as a result of the heavy rain on Koton Karfe and its environs became an escape route for inmates of the Medium Security Custodial Centre in Koton Karfe. Although over 100 inmates have been recaptured and successfully evacuated to safer locations others are still at large. The Controller-General of the Nigerian Correctional Service, Ja’afaru Ahmed who gave an evacuation order when he visited the centre for on the spot…