The Economic and Financial Crimes Commission (EFCC) will on Thursday, May 9, arraign the former Minister of Aviation, Hadi Sirika, his daughter, Fatimah, and two other suspects in court. The suspects are facing charges over alleged N2.7 billion contract fraud uncovered in the Aviation Ministry under Sirika. Read Also: Court orders EFCC to release girl held for mother’s debt Advertisement ... Read More »

Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission. The News Agency of Nigeria (NAN) reports that CAC had on Monday issued a two-month registration deadline to PoS operators to register their agents, merchants, and individuals with the commission in line ... Read More »

The presidency has announced that President Bola Tinubu and his aides will return to Nigeria from Europe on Wednesday, May 8. Bayo Onanuga, the special adviser on information and strategy to the president, announced the development in a post on his X handle on Tuesday, May 7. “President Bola Ahmed Tinubu, along with his aides, will return to Nigeria tomorrow ... Read More »

…. delivering a YoY growth of 165% United Bank for Africa Plc (UBA), Africa’s Global Bank , released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday May 3rd, 2024, saw outstanding year-on-year increases: Gross Earnings ... Read More »

Rivers State Governor, Sir. Siminalayi Fubara, has bared his mind on the toxic relationship between him and the House of Assembly, saying the lawmakers led by Martins Amaewhule no longer exist in the eyes of the law. Fubara said: “”Let me say it here, those group of men who claim that they are assembly members, they are not existing. I ... Read More »

….. Reports Profit Before Tax of ₦509.3billion Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦509.3billion, representing an increase of 587.5% over ₦74.1billion recorded in ... Read More »

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance.From the unaudited statement of account submitted to the Nigerian ... Read More »

Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At least four fintechs—Opay, Moniepoint, PalmPay, and Paga—have communicated this development to their customers on Friday. Last week, the Central Bank of Nigeria stopped major fintech firms like Kuda, Opay, PalmPay and ... Read More »

Grammy-winning singer Burna Boy has called off his much-anticipated concert at the Johan Cruyff Arena Stadium in Netherlands. Burna Boy’s concert was set to take place on June 9 but the cancellation comes as a result of the event organisers allegedly not fulfilling their end of the agreement. The music star broke the news tofans on Instagram. Read Also: Burna ... Read More »

Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, Lagos on Thursday, was graced by esteemed ... Read More »