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The Sokoto State Governorship Election Petition Tribunal, on Tuesday, admitted in exhibits the Independent National Electoral Commission (INEC)’s completed nomination forms of Governor Ahmed Aliyu and his Deputy Idris Gobir. The chairman of the Tribunal, Justice Haruna Mshelia, admitted the certified true copies of the documents along with INEC wards and local government areas election […]

Speaker of the House of Representatives, Hon Tajudeen Abbas has said that the House, which he would be presiding over, would stand to challenge the executive if it finds things are going against the interests of the public. Abbas replied to critics who think his emergence as Speaker of the 10th National Assembly would serve […]

The Lagos State High Court will begin its 2023 annual vacation on July 24. According to a notice from the Acting Chief Registrar, the break will expire on September 16, 2023. The official notification therefore included a list of the vacation judges. The post Lagos State High Court To Commence 2023 Annual Vacation 24, July […]

The newly sworn-in President of the Senate and former governor of Akwa Ibom state, Godswill Akpabio, has vowed that the 10th Senate will surpass the expectations of Nigerians in building a prosperous nation. Akpabio made this vow while delivering his inaugural speech after his swearing-in Abuja on Tuesday. Recall that, Akpabio, who is the preferred […]

Justice Ambrose Lewis Allagoa of the Federal High Court, Court 3, Ikoyi Lagos has fixed July 21st for the commencement of trial of Mr Michael Ukiye Diongoli, and his two companies, UK Dion Group and UK Dion Investment Limited on a 61 count charge of defrauding unsuspecting investors to the tune of over N3.7billion. Diongoli […]

Oil Falls over Weak Economic Data from Major Buyers Crude oil prices opened the new week on a negative note following weak economic data from the United States (U.S) and China fuelling low demand concerns in the world’s largest oil consumers. International benchmark Brent crude traded at $74.03 per barrel, a 1.02% drop from the […]

Nigerian Businesses Groan Under High Interest Rate Costs Nigerian businesses have started to feel the impacts of higher interest rate costs on their financial scorecard or earnings results in 2023, analysts said in an email shared with MarketForces Africa. In their respective earnings release in the first quarter, companies in the fast-moving consumer goods segment […]

Access Bank Launches First American Express Cards In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the first American Express cards to be issued in Nigeria and West Africa, the financial […]

FCMB Falls after Earnings Forecast, Unusual Volume FCMB Group Plc’s market valuation bumped last week. The Tier-2 bank recorded a marginal decline in valuation after its earnings forecast triggered an unusual volume of share trading in the local bourse. According to its latest regulatory filing, FCMB forecasted its third quarter of 2023 gross earnings to […]

UBA Rises as HH Capital, Elumelu, Other Insiders Buy 100m Shares Pan Africa lender, United Bank for Africa Plc, saw a spike in its market valuation ahead of the second quarter of 2023 earnings releases after insiders’ shares ramped up in May 2023. UBA gained popularity in May 2023 as HH Capital, a company founded […]

Unity Bank Spikes 44% After Earnings Forecast EQUITY TRACKER: Shares of Unity Bank Plc spiked by 44% after its earnings release after the Nigerian lender released its third quarter of 2023, data screened from the Nigerian Exchange showed. In its regulatory filing,  the bank told Nigerian Exchange that it expects its gross earnings to print […]

Transcorp Hotels Gained 19% Amidst Free Float Requirement Gap Transcorp Hotels Plc’s market valuation gained 19% in the stock market as alpha seekers, value hunters raised their equity positions in the company which is yet to meet Nigeria’s Exchange’s (NGX) free float requirement. Its ownership structure showed that the leading Nigerian hospital company is 76.16% […]