Fidelity Bank Plc has announced that its profit before tax (PBT) for the year 2022 has doubled, according to the audited financial statements released on Thursday. The bank’s PBT of N53.7 billion represents a 112.9 percent annual growth, driven by … Continue reading Fidelity Bank records double digit growth, doubles profit before tax
National Economic Council (NEC) suspended the planned removal of petroleum subsidy, which was scheduled to occur by the end of May, by President Muhammadu Buhari’s administration. During the NEC meeting at the Presidential Villa, Abuja, Mrs Zainab Ahmed, the Minister … Continue reading NLC calls for local refining to be restored as FG pauses subsidy removal
During the unveiling of a book titled “Understanding Natural Gas: A Nigerian Perspective” in Abuja, Vice President Yemi Osinbajo called on the Nigeria National Petroleum Company Limited (NNPC Ltd) to invest in green hydrogen as a means of transitioning to … Continue reading Vice President Osinbajo unveils book, urges Nigeria to invest in green hydrogen
Heavy rainfall caused flooding in many parts of Lagos State on Thursday, leading to gridlock and stranding motorists and commuters for hours. The National Emergency Management Agency quickly issued an advisory cautioning residents, motorists, teachers, and school proprietors on the … Continue reading NEMA issues advisory as heavy rainfall results in flooding on Lagos roads
Former Minister of Education, Obiageli Ezekwesili, has stated that no single government can solve all the problems facing the country alone. Ezekwesili, who is the convener of FixPolitics and founder of the School of Politics, Policy and Governance, made this … Continue reading Ezekwesili: No Government can solve all problems alone
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has dismissed claims that 48 million barrels of crude oil worth over $2.4 billion were sold to China. He made the statement when he appeared before the House … Continue reading Attorney General Malami dismisses $2.4bn diversion claim as baseless
An application seeking to nullify the ward and local government congresses of the Peoples Democratic Party (PDP) in Osun State has been adjourned by Justice Ayo Oyebiyi of an Osun State High Court until May 2, 2023. The adjournment followed … Continue reading Osun PDP: Court to rule on application to nullify congress on may 2
The Edo Government has announced that it has distributed a total of 3.3 million books to 848 primary and 306 junior secondary schools in the state. The announcement was made by the state chairman of the Universal Basic Education Board, … Continue reading Edo distributes 3.3 million books to primary and junior secondary schools over five years
Casey Allen was allegedly stabbed to death by her husband, Christopher Snow, just a day after their first wedding anniversary. Casey’s Facebook post, in which she described their year of marriage as a “year of survival,” is believed to have … Continue reading Husband allegedly stabs Georgia mother of four to death after celebrating their first wedding anniversary
Muhammadu Buhari has stated that his administration has realized its plan to improve the security architecture of Nigeria by upgrading hardware, building facilities, training and equipping staff and officers, and structuring a welfare system that caters to over 50,000 children … Continue reading President Buhari boasts of military transformation in Nigeria
Kelvin Abiodun-Olu has been charged with stealing N19.2 million and maliciously damaging property worth N7.5 million. He was arraigned before a Tinubu Magistrate’s Court in Lagos Island on five counts of conspiracy, stealing, malicious damage, assault, and breach of peace. … Continue reading Lawyer arraigned in Lagos for alleged N19.2m theft
Mrs. Funmi Afolabi is appealing to the Inspector General of Police, Mr. Usman Baba, to assist in finding her two children who have been in the custody of the police in Ondo State since she was remanded in Olokuta Correctional … Continue reading Woman appeals to Inspector General of Police to release children in custody
Tony Elumelu has acquired more shares in Transnational Corporation (Transcorp) at a cost of over N23 billion in response to Femi Otedola’s recent acquisition of 2.24 billion shares, which gave him a 5.52% stake in the company, thereby overtaking Elumelu’s … Continue reading Tony Elumelu acquires over N23bn shares to regain control of Transcorp Plc from Femi Otedola
Beyoncé has filed a petition to challenge the Internal Revenue Service (IRS) in the US Tax Court after being slapped with a tax bill of almost $2.7 million for 2018 and 2019. According to Forbes, the IRS assessed that the … Continue reading Beyoncé challenges IRS in court over $2.7 million tax liability in petition filing
The recent Nigerian presidential elections in February/March of 2023 have brought about changes to previously established political myths. One of these myths was that wealthy and ambitious candidates could not become president. Bola Ahmed Tinubu, who is considered one of … Continue reading Azu Ishiekwene’s Perspective: Nigeria’s election holds lessons for all
Amotekun Corps in Ondo State has arrested 31 suspects across the state on various criminal charges, including armed robbery, murder, kidnapping, rape, and violation of anti-grazing laws. The arrests were made at different locations across the state and the suspects … Continue reading Ondo’s Amotekun corps arrests 31 suspected criminals across the state
The Federal Government has been granted permission by the Supreme Court to file nine new grounds of appeal against the release of pro-Biafra agitator, Nnamdi Kanu. A five-member panel led by Justice John Okoro granted the leave on Thursday following … Continue reading FG granted leave to file nine new grounds against Nnamdi Kanu’s release
The planned removal of petroleum subsidy by the end of President Muhammadu Buhari’s tenure has been put on hold by the National Economic Council (NEC), as announced by the Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed. The … Continue reading Just In: NEC puts on hold the removal of fuel subsidy
Muhammad Sanusi II Sustainable Development Goals Initiative has announced a $10,000 grant for teachers in sub-Saharan Africa, and has called for submissions for the 2023 MSII SDG Challenge. The competition is open to practicing teachers based anywhere in sub-Saharan Africa … Continue reading Muhammad Sanusi II sustainable development goals initiative offers $10,000 grant for teachers
Adamawa State Government has requested that the state police command investigate the crisis that occurred following the illegal declaration of the All Progressives Congress (APC) Governorship candidate, Aishatu Dahiru, also known as Binani, as the winner of the supplementary governorship … Continue reading Adamawa sets to prosecute individuals responsible for Binani’s illegal declaration as winner
A Brazilian court has issued an order for internet providers to suspend messaging app Telegram in the country, citing its failure to provide information on neo-Nazi groups connected to school shootings. The order is part of a police investigation into … Continue reading Brazilian court suspends Telegram over Neo-Nazi group links
Ademola Adeleke, the Governor of Osun State in Nigeria, has said that Pastor Enoch Adeboye, the General Overseer of The Redeemed Christian Church of God (RCCG), anointed him and predicted that he would become a governor. Speaking at the inauguration … Continue reading Adeleke claims Adeboye anointed and prayed for him to become the governor of Osun State
Microsoft has expressed disappointment over the decision of the UK Competition and Markets Authority (CMA) to block its $69bn acquisition of video game maker Activision Blizzard on the grounds of competition fears. The company has warned that the UK’s move … Continue reading EU more attractive for business after UK blocks activision takeover deal – Microsoft
Elizabeth Holmes, the former biotech star who was sentenced to 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos, will not be going to prison for the time being, as her lawyers have lodged a last-minute … Continue reading Elizabeth Holmes remains free after lodging appeal to avoid prison
After days of being trapped inside their homes due to fighting between the army and a rival paramilitary group, residents of Khartoum and the neighboring city of Omdurman took advantage of a relative calm to seek food and water. They … Continue reading Sudan: Regional leaders urge extension of fragile ceasefire
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