Statisense has revealed that 30 per cent of commercial banks’ branches are located in Lagos, Nigeria’s commercial nerve centre. It further revealed that the top five banks by branches in Lagos are: Access Bank — 186; First Bank — 177; Zenith Bank — 141; UBA — 125 and Fidelity Bank — 96. Data provided on the verified X handle of Statisense on Wednesday revealed that commercial bank branches by zone as at May 2024 with the South West having 1,959 branches; South South – 748; North Central – 712; South East — 544; North West – 454 and North East…
Author: Hints News
The federal government has described the claim by Binance Chief Executive Officer, Richard Teng that unidentified government officials demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company as diversionary. The Minister of Information and National Orientation, Mohammed Idris said a blog post that has now been published by many international media organisations was an apparent well-coordinated public relations effort. Idris in a statement issued Wednesday by his Special Assistant, Rabiu Ibrahim maintained that the claim by Binance CEO lacks any iota of substance. The minister stressed that It was nothing but a diversionary tactic and…
There seems to be no end in sight with the political crisis in Rivers State following the emergence of Hon. Victor Jumbo as the new Speaker of the state House of Assembly. Jumbo, who is loyal to Governor Sim Fubara took the oath of office as the new Speaker on Wednesday in Port Harcourt. TheHintsNews reports Fubara had on Monday declared that members of the Rivers State House of Assembly led by the Speaker, Hon. Martins Amaewhule no longer exist. The governor and his erstwhile political godfather and the Minister of Federal Capital Territory (FCT), Nyesom Wike had been at…
The House of Representatives has resolved to investigate the cause of the death of a four year-old pupil, Miguel Ovoke of Brickhall School, Abuja. The resolution of the House followed the adoption of a motion moved at the plenary on Wednesday by Hon. Kelechi Nwogu. Moving the motion, Nwogu recalled that Ovoke was dropped in the school by his mother on the 24th of April, 2024. He regretted that the young innocent child was reported dead under suspicious circumstances which the school was unable to explain TheHintsNews reports that a death certificate dated April 24, 2024, issued by Excel Specialist…
The House of Representatives has warned that schools might be shut down if attacks by terrorists and bandits on schools across the country continue. The House gave the warning following the adoption of a motion of urgent public importance moved at the plenary on Wednesday by Hon. Billy Osawaru. Against this background, the House has called for police/security presence in schools across the nation and to address the worsening security situation in the country. Presenting the motion, Osawaru lamented the rate of kidnappings and wanton destruction of lives and property across the schools in the country since 2014. He decried…
The House of Representatives Tuesday summoned Dangote Cement, BUA Cement, Lafarge Cement, Asaka Cement and Eagle Cement, to appear before its joint committee over the arbitrary increase in the price of cement across the country. The decision of the Green Chamber to give the ultimatum may not be unconnected with refusal of the cement manufacturers to appear before at a public hearing to investigate the arbitrary increase in the price of cement in Nigeria organised by House Joint Committees on Commerce, Industry, Special Duties and Solid Minerals in Abuja To this end, the committee has issued a 14-day ultimatum to…
A group, All Progressives Congress (APC) Vanguard has taken a swipe at the governor of Edo State, Godwin Obaseki, the Peoples Democratic Party (PDP) in the State and its candidate, Asue Ighodalo, over alleged sponsorship of a smear campaign against the governorship candidate of the party, Senator Monday Okpebholo. The group which comprises of APC leaders in the state said the PDP, Obaseki and Ighodalo have suddenly become desperate, over fears that they will suffer a humiliating defeat in the upcoming governorship polls. TheHintsNews reports that a group, Network of Civil Society Organisations in Nigeria, recently held a press conference…
The House of Representatives has said that it would put right laws in place that could help checkmate the avoidable excesses and hike in cement prices. It lamented that the unabated high cost of cement has impacted negatively not only on the built environment but also on the economy. The Speaker of the House Hon. Tajudeen Abass stated this on Tuesday in Abuja at a public hearing on the investigation on the unabated rising prices of cement in Nigeria. He noted that the public hearing was aimed at informing Nigerians on exactly what is happening within this sector, and possibly…
Troops of the Joint Task Force Operation Udo Ka have eliminated one of the commanders of Indigenous People of Biafra (IPOB) and its militant wing Eastern Security Network (ESN), Tochukwu a.k.a Ojoto and three others in Imo state. The army in a statement issued Tuesday said following the capture of the notorious stronghold of the IPOB/ESN at Mother Valley, the criminal elements have been making efforts to establish other Camp in the general area and other places. It said: “Troops of the Joint Task Force Operation UDO KA based on reliable Intel had on 6 May 2024 cleared the general…
A former member of the House of Representatives, Hon. Shina Peller, has said there was no animosity or lingering discord between himself and the Minister for Power, Bayo Adelabu. He denied subbing him at a recent event in Lagos, contrary to reports in some sections of the media. Peller made the clarification in a statement issued Tuesday while reacting to a recent video circulating on social media purportedly showing a perceived snub of the minister by Peller. Describing the allegation of snubbing as unfounded, Peller shared a video evidence of himself and the minister embracing and greeting each other warmly…