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…Arrests 19 Suspected Terrorists In Damasak Border Town With Niger Republic Troops of 114 Taskforce Battalion, Bita in Gwoza Local Government Area of Borno state, have rescued yet another abducted Chibok School girl. 26 years old Hauwa Maltha on serial number 2 in the abducted Chibok School Girls list since 14th April 2014, was rescued […]

The Joint Admissions and Matriculation Board (JAMB) has directed candidates who sat for the 2023 Unified Tertiary Matriculation Examination (UTME) to start checking their results on Tuesday. The directive was given via a statement issued on Monday, May 1, by its spokesperson, Fabian Benjamin, after the board’s emergency management meeting held in Abuja on Sunday. […]

A group of young legal practitioners committed to providing pro bono legal services and representation to vulnerable, indigent and marginalized individuals and communities, Call A Lawyer, has appointed a former Justice of the Supreme Court, Justice Mary Peter-Odili, to serve as the Chairperson of its Advisory Board. The group in a statement by its Founder, […]

Gov. David Umahi of Ebonyi has approved an exit package of ₦10,000 for Ebonyi State workers. Umahi made the disclosure on Monday in Abakaliki at the 2023 Workers Day celebration with the theme: “Workers’ Rights and Socio-economic Justice”. Represented by his Deputy, Mr Kelechi Igwe, the governor said: “The exit package is also for local […]

Nigeria Labour Congress (NLC) has called for a review of civil servants’ retirement age and years of service in the entire public service to 65. NLC President, Joe Ajaero, made the call during the 2023 Workers’ Day celebrations on Monday in Abuja. Ajaero also called for a general review of core civil servants’ salaries to […]

—Calls For Release Of N50bn Earned Allowances Senior Staff Association of Nigerian Universities, SSANU, Monday, accused the Federal Government of being insensitive to the plight of its members by withholding their four months’ salary, describing the action as provocative and unbearable. SSANU also told the federal government to release the N50 billion Earned Allowances which […]

Royal Exchange: Selloffs Reduce Valuation by 47% in 4-Month Royal Exchange Plc has lost 47.2% of its market valuation in 2023, leading the Afrinvest top underperforming stocks record for April, 2023. In its rating record, Afrinvest revealed that the Insurance policy seller lost 28.2% of its market capitalisation in April alone. Its negative performance occurred […]

BUA Foods Profit Jumps 77% in Q1 BUA Foods Plc bolstered its profit performance in the first quarter of 2023 despite uncertainties in the economy.  The food producer reported more than 77% post-tax profit in the period compared with the amount delivered in the comparable period in 2022. Though 2023 started on a negative note […]

Stock Market Investors Lose N1trn in April The Nigerian Exchange (NGX) market capitalisation declined by one trillion naira in the month of April as profit takers booked early exits ahead of earnings season in the local bourse. The massive losses reported were driven by poor performance seen in the banking index following weak sentiments, and […]

Lafarge Profit Slumps 15% as Pioneer Status Incentives Expire Cement producer, Lafarge Africa Plc, posted a double digit decline in bottom line following economic uncertainties that underscore its first quarter of 2023 operations. A decline in its profitability was supported by the expiration of the company pioneer status incentives that pushed tax obligations higher in […]

Huawei Workers Threaten 3-day Warning Strike The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has issued a three-day warning strike notice to Huawei Technologies Company Limited over alleged anti-labour practices. Huawei is a global provider of information and communications technology (ICT) infrastructure and smart devices. PTECSSAN’s General Secretary, Mr Okonu Abdullahi, in […]

CBN Denies Plan to Phase Out New Naira Notes Despite the scarcity of new naira notes across the economy, the Central Bank of Nigeria (CBN) says it has no plans to phase out the redesigned currency from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on […]