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For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital of $2.01 billion. The rankings, ...
By Sodiq Adelakun The Lagos State Government has announced that it will hold town hall meetings across the state’s five divisions to engage citizens in the preparation of the 2025 budget. The meetings, known as “Budget Consultative Forum,” will take place from July 23 to July 30, 2024, and will provide an opportunity for residents ...
Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no fewer than 40 customers who adopted and transacted on the Bank’s digital banking platforms, including the UniFi mobile banking application, the *7799# USSD platform or activated ...
The Federal High Court sitting in Abuja, in a groundbreaking judgement, has ordered the Independent National Electoral Commission (INEC) to hold Nigeria’s state governors, their deputies and others to account over cases of electoral violence, bribery, vote-buying, and conspiracy during the chaotic 2023 general elections. In a first, the court ordered INEC to ensure “the ...
…To support Labour with 36 CNG buses to ease workers’ cost of living …We can’t pay N70,000 without Govt support – Private sector By Sodiq Adelakun The Federal Government and labour unions have reached an agreement on a new minimum wage of N70,000 for Nigerian workers. This comes after prolonged negotiations between both parties, which ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has accused indigenous oil producers in the country of producing sub-standard petroleum products. Speaking with journalists, Chief Executive of the NMDPRA, Farouk Ahmed disclosed that in terms of quality, Dangote’s current AGO (diesel) suffers from the lowest quality in terms of sulfur content, falling short of ...
It was a day of honour and glamour as the National Drug Law Enforcement Agency (NDLEA) inducted the Chairman of Optiva Capital, Franklin Nechi and the CEO, Dr Jane Kimemia as ambassadors of the War Against Drug Abuse, (WADA). The Optiva duo were conferred with the honours at the headquarters of the company in Lagos ...
…Underage admission inflicting damage on varsities, education system – Education Minister …As JAMB approves 140 cut-off mark for varsity admissions,100 for others By Sodiq Adelakun The Federal Government’s recent directive to bar candidates below the age of 18 from enrolling in tertiary institutions has ignited mixed reactions from Nigerians. While some have commended the government’s ...
…Action commendable, but a drop in ocean – Atiku By Sodiq Adelakun The House of Representatives has announced a 50 percent slash in their salaries for the next six months in response to the growing economic hardship and hunger in the country. The decision, which has been met with mixed reactions from Nigerians, is seen ...
Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform for listing sustainability instruments to integrate sustainability into the core of Nigeria’s capital market. The event, marked by the attendance of high-profile stakeholders, including the Minister of ...
By Sodiq Adelakun Former presidential candidate of the Labour Party, Peter Obi, has made a heartfelt appeal to his supporters and well-wishers as he prepares to celebrate his 63rd birthday on Friday. In a statement on his official X, formerly Twitter, Obi urged those who intend to mark the occasion with gifts to redirect their ...
...Seeks to tax FX gains by banks in proposed amendment to finance act By Seun Ibiyemi President Bola Tinubu on Wednesday forwarded to the Senate for consideration and approval a request for the injection of N6.2 trillion into the N27.5 trillion 2024 budget. Tinubu made the request via a letter read on the floor of ...
…Commends NUPRC for publishing Domestic Crude Supply Obligation Guidelines ...Says trading arms offer cargoes at $2-$4 per barrel, above NUPRC official price The Management of Dangote Industries Limited (DIL) says International Oil Companies (IOCs) are using their trading arms to earn profit margins, fleecing local crude buyers. This is as the Management commended the Nigerian ...
Olaseinde Gbenga, Abuja The Major Energies Marketers Association of Nigeria (MEMAN) has called on the Nigerian National Petroleum Corporation (NNPC) to embrace accountability and transparency in their operations. The association emphasised that lack of accountability and transparency which has resulted in revenue leakages that cannot be quantified. This was disclosed by the former chief operating ...
...Mustapha heads Livestock Development By Sodiq Adelakun Senator Ali Ndume has been appointed as the new chairman of the Senate Committee on Tourism, a move that comes shortly after his removal as Senate Chief Whip and vice chairman of the Appropriation Committee. The appointment was announced by Senate President Godswill Akpabio as part of a ...
...As State Assembly appeals judgement In a recent ruling, Justice James Omotosho of the Federal High Court in Abuja has reinstated Philip Shaibu as the Deputy Governor of Edo State, overturning his earlier impeachment by the state assembly. The court’s decision, delivered on Wednesday, deemed the impeachment by the Edo State House of Assembly as unlawful, ...
…Be patient with current administration — Lagos Oba urges Nigerians By Sodiq Adelakun As Nigerians continue to grapple with economic hardship, the wife of President Bola Tinubu, Senator Oluremi Tinubu, has assured the nation that her husband is committed to their welfare. During a visit to the Oba of Lagos, Rilwan Akiolu, at his Iga ...
By Esther Agbo Zenith Bank is poised to achieve over N1 trillion in profit by the end of the 2024 financial year, according to the bank’s Group Managing Director/Chief Executive Officer, Dr. Adaora Umeoji who took on the role in June. She made this announcement during the bank’s recent Capital Markets Day in Lagos. Umeoji ...
By Aminu Garko, Kano The Kano State Government has filed fresh charges against Dr. Abdullahi Ganduje, the immediate past governor of the state and current National Chairman of the All Progressives Congress, and his former Commissioner for Justice, Musa Lawan. The charges include criminal conspiracy, criminal breach of trust, and criminal misappropriation of N240 million. ...
...To rewards 100 corps members with automatic employment after service By Sodiq Adelakun Lagos State Governor, Babajide Sanwo-Olu, has announced a farewell gift of one hundred thousand Naira (N100,000) for each of the four thousand, two hundred and fifty-four (4,254) for the 2024 Batch ‘B’ Stream I corps members. This pledge was made during his ...
The Nigeria Centre for Disease Control and Prevention (NCDC) has disclosed that the country has recorded 103 deaths and 3,623 cases since the outbreak of cholera in the country this year. Speaking at a press conference in Abuja, Director General of NCDC, Dr Jide Idris, disclosed that the predominant age affected is five years old ...
In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark moment in its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (equivalent of about N442,500,000,000), underscoring a ...
...Weak foreign reserves responsible for high inflation rate — Ayo Teriba ...Cost of production, unemployment, major drivers of high inflation — Fmr CIBN Pres., Ajibola By Seun Ibiyemi Following the increase in the inflation rate from 33.96 percent to 34.19 percent in June, stakeholders have expressed major concerns about its effects on the economy and ...
