Saudi Arabia has announced the crescent of Shawwal has not been spotted, meaning that fasting continues on Tuesday. It stated that the celebration of Eid-El-Fitr, which ushers in a new Islamic month, will take place on Wednesday, April 10. This was disclosed on an official platform for the Muslim community across the world. They wrote: “The crescent moon was not ... Read More »

The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread not more than 1.5 per cent above ... Read More »

Today, on April 5th, 2024, Saint Margaret Group of Schools, located in Ikorodu, Lagos, carried out a protest. The School was established 42 years ago, in 1982, at number 26, NBC Road, Ebute, Ikorodu. During the protest, they made a clarion call to the Executive Governor of Lagos State, Babajide Olusola Sanwo-Olu. They requested his intervention to halt the actions ... Read More »

….Revenue Increases By 47.3%, PBT by 93.5%. Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023. The Group achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, with revenue rising to N197 billion ... Read More »

Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”), the listed hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”) has released its audited 2023 full-year results, showing outstanding performance and setting new revenue and profit records. In its full year audited results filed with the Nigerian Exchange (NGX), Transcorp Hotels reported a record-breaking revenue of N41.5 billion in 2023, compared to ... Read More »

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners.The editors of Global Finance made the selections ... Read More »

Thoughts and activities of the followers of the candidate of the Labour Party (LP) in last year’s presidential election, Mr. Peter Obi, will not distract it President Bola Ahmed Tinubu Administration, the Presidency has said. Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, who ruled out the possibility of the administration being distracted, also accused the ... Read More »

The naira regained one-fifth of value in the past five weeks as increased foreign exchange inflows saw Nigeria’s forex reserves rising by $1.04 billion in the first quarter of this year. Join millions of traders around the world who trade global markets with the #1 broker The reserves, which had ended 2023 at $32.912 billion, closed weekend at $33.952 billion, ... Read More »

At the end of a 3- days summit coordinated by Research for Impact, Knowledge-Economy, and Sustainable Development (RIKE-SD), in partnership with the West and Central Africa Research and Education Network (WACREN) and Foreign and Commonwealth Office in Abuja on Wednesday, 27th of March, 2024, the discussions centred around the pivotal role of research, development, and innovation in driving economic growth ... Read More »

On Saturday, March 30th, 2024, in Abuja, Sotayo Olayinka, publisher of Newsthumb, along with Kunle Oyetola and Otunba Olarewaju Johnson, celebrated Mr. Kehinde Bamigbetan’s birthday. Mr. Bamigbetan serves as the Special Adviser on Media to the Minister of Solid Minerals Development, Alake. We extend our congratulations to Mr. Bamigbetan and wish him many happy returns. Read More »