A Federal High Court in Abuja has insisted that its order made on April 17, for the arrest and production of ex-governor of Kogi state, Yahaya Bello still subsists. Justice Emeka Nwite, in a ruling on Friday, May 10, held that Bello’s continued refusal to attend court and his frustration with the efforts of the Economic and Financial Crimes Commission ... Read More »

Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR (Centre) flanked by the Group Managing Director/Chief Executive, Dr. Ebenezer Onyeagwu (Left) and the Deputy Managing Director, Dame (Dr.) Adaora Umeoji, OON (Right) during the 33rd Annual General Meeting of the bank held at The Civic Centre, Victoria Island, Lagos yesterday. Zenith Bank shareholders approve N125.59bn dividend payout Founder and ... Read More »

Nigerian companies have started to settle their overdue dollar obligations, Bloomberg reports. This follows recent reforms implemented by the Central Bank of Nigeria, which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as MTN Nigeria Communications Plc, BUA Foods Plc, and Cadbury Schweppes Overseas Limited’s Nigerian arm have confirmed ... Read More »

In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary. This is in pursuant of the terms of its shareholders approved ... Read More »

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 »