Zenith Bank Plc has announced an impressive result for the year ended December 31, 2021, with Profit Before Tax (PBT) rising by 10% to N280.4 billion from N255.9 billion reported in the previous year. This is in spite of a challenging macroeconomic environment aggravated by the coronavirus (COVID-19) pandemic.According to the bank’s audited financial results for the 2021 financial year ... Read More »

Following the signed Joint Venture Agreement with a South Korean company, Kumbit Global Limited, to establish an industrial park in Nung Ikot Obiodo, Oruk Anam local government area of the state which is estimated to cost $600million, the President of Kumbit Global Limited, Mr. Ji Jung Hyun, has arrived Nigeria to begin the implementation of the agreement. The Group Managing ... Read More »

Zenith Bank Plc says its gross earnings rose by 10 per cent to N765.6bn as of the end of December 2021, from N696.5bn recorded in the corresponding period of 2020. A statement by the bank said this was despite a challenging macroeconomic environment aggravated by the COVID-19 pandemic. The lender its audited financial results for the 2021 financial year presented ... Read More »

A Federal High Court sitting in Abuja has ruled in favour of Linas International Limited and 235 others against the Federal Government of Nigeria in the Paris Fund Refund. In a suit with no FHC/ABJ/130/2013, Justice J.T Tsoho ruled in favour of Linas International and others (plaintiffs) against the Federal Government of Nigeria, The Attorney General of the Federation, The ... Read More »

A Federal High Court (FHC) in Abuja has ordered the National Drug Less Enforcement Agency (NDLEA) to allow detained Deputy Commissioner of Police (DCP) Abba Kyari access to medical attention. Justice Inyang Ekwo handed out the order on Monday while ruling on an application for bail filed by Kyari, the suspended Commander of the Intelligence Response Team (IRT) of the ... Read More »

The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called petrol, in Nigeria, as bulk of the refined products coming into the country from the warring region and its adjoining areas are likely to face some delays. It was also gathered on Sunday that traders who supply Nigeria with refined ... Read More »

After weeks of teasing fans on social media, NdaniTV is set to release a brand-new web series titled, Love Like This. Posters and a preview of the series can be seen on the production company’s Instagram page @NdaniTPoduction company’s Instagram page @NdaniTV.Love Like This is a romantic drama series that follows the lives of several young middleclass Nigerians who find ... Read More »

President Buhari signed the Bill at the Council Chamber of the Presidential Villa in Abuja, on Friday. The Vice President, Professor Yemi Osinbajo; President of the Senate, Ahmed Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila, were present to witness the signing of the Bill. In his address, President Buhari said in line with established tradition, he received ... Read More »

The Nigerian Communications Commission has confirmed that MTN Nigeria and Mafab Communications Limited have paid $273.6m each for the Fifth Generation spectrum licence. The Executive Vice Chairman of the NCC, Umar Danbatta, officially confirmed the payment status on Thursday, as the deadline set for the two winners of the spectrum auction elapsed. This is according to a press statement issued ... Read More »

The Economic and Financial Crimes Commission (EFCC) has interrogated Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Plc, and two other senior executives of the bank over the ‘hidden’ N20 billion reportedly belonging to the Kogi State government. The troubled lender is responsible for everything from fraud to sloppy balance sheets and other nefarious acts, making it almost impossible ... Read More »