The Kaduna State House of Assembly on Wednesday, June 5, received a report from the ad hoc committee tasked with investigating the finances, loans, and contracts awarded during former Governor Nasir El-Rufai’s tenure. The report indicted the former governor and several commissioners who served under him. The House alleged that N423 billion of the state resources was siphoned under the ... Read More »

Access Bank has been recognised as the ‘Best Trade Partner Bank West Africa 2024’ by the International Finance Corporation (IFC). Presented at the Global Trade Partners Meeting (GTPM), held recently, in Barcelona, Spain, this prestigious award highlights Access Bank’s outstanding performance and commitment to fostering trade finance across the continent.The GTPM, organised by the IFC, is one of the most ... Read More »

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have agreed to suspend the ongoing strike over disagreement on a new national minimum wage with the Federal Government for one week. A source attending the ongoing NEC meeting in Abuja confirmed this to our correspondent. “A joint NEC meeting of TUC/NLC has approved to relax the industrial action for ... Read More »

Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to be recognised as the Most Sustainable Bank in Nigeria for ... Read More »

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in Nigeria sustained its fundamentals amid ... Read More »

Africa’s Global bank, United Bank for Africa (UBA) Plc, joined the rest of the world on Friday, May 24, 2024, to mark this year’s edition of the Africa Day. The celebration which went on concurrently across all of its subsidiaries in Africa as well as in the United Kingdom, France, United States of America and the United Arab Emirates, had ... Read More »

On Thursday, May 30th, 2024, Sotayo Olayinka, the publisher of Newsthumb, Hon. Saka Fafunmi, and others encouraged one of the biggest investors from China to come and invest in different sectors in Nigeria, especially in the Blue Economy, infrastructure, and other ministries. China Overseas Engineering Group Company Limited agreed with us to invest in Nigeria, especially in the Blue Economy, ... Read More »

Zenith Bank Plc, on Thursday, 30th May 2024, launched a state-of-the-art digital/LED screen at Ajose Adeogun Roundabout, solidifying its commitment to innovation and community engagement. The monumental digital installation, an upgrade from its previous LED screen launched in 2013 at the same location, features a resolution of 3936×960 pixels compared to the previous 1024×256 pixels. Measuring 6.4×6.4 metres, it represents ... Read More »

••••Pushes for new national tax structure The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for the rest of the year. This move will be a huge departure from what obtains currently where Customs duty is changed erratically, sometime twice a day with total changes effected so ... Read More »

The website of the student loan fund has received over 60,000 visitors since its launch, the Managing Director of the Nigerian Education Loan Fund, Akintunde Sawyerr, made this known during an ongoing press briefing in Abuja on Thursday. Sawyerr also noted that over 90% of federal institutions have submitted the list of students, noting that only two federal universities and ... Read More »