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  • ‘We Don’t Know His Whereabouts’, INEC Urges Police To Declare Adamawa REC Wanted

    The Independent National Electoral Commission (INEC) has said the suspended Adamawa Resident Electoral Commission (REC), Hudu Ari, is nowhere to be found. The Commission also urged the Nigeria Police Force (NPF) to declare the suspended REC wanted following his declaration of All Progressives Congress candidate, Senator Aisha Dahiru, aka Binnani, as the winner of the […]
  • VC investments in Africa Drop to $6.6bn

    VC investments in Africa Drop to $6.6bn In 2022, total venture capital investments in Africa dipped slightly to $6.5 billion but avoided the sharp drop seen in most other global regions, data released by an industry group showed on Thursday. The investments spread over 853 deals, represent a one per cent decline from 2021 – […]
  • Banks Borrow N1.3trn from CBN in 72 Hours

    Banks Borrow N1.3trn from CBN in 72 Hours Nigerian deposit money banks borrowed about N1.3 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility in three days to shore up the short-term liquidity requirements. The sustained borrowing pushed the short-term benchmark rate upward in the absence of significant inflows, keeping the financial system […]
  • Local Content in LNG Train 7 Rises to 60%– NCDMB

    Local Content in LNG Train 7 Rises to 60%– NCDMB The Nigerian Content Development and Monitoring Board (NCDMB), has said that the construction of the Liquefied Natural Gas (LNG) Train7 has witnessed 60 per cent local content. Executive Secretary, NCDMB, Mr Simbi Wabote, said this on Wednesday in Abuja while briefing newsmen on the forthcoming […]
  • Access Plc Boosts Gross Earnings 43% to N1.4trn

    Access Plc Boosts Gross Earnings 43% to N1.4trn Access Corporation Plc reports a 5% decline in profitability in 2022, according to its audited financial statement posted on the Nigerian Exchange today. However, the Pan African financial service group bolstered its gross earnings by about 43% year on year to N1.387 trillion from N971.885 billion recorded […]
  • FG, States, LGs Share N714.629bn for March

    FG, States, LGs Share N714.629bn for March The Federation Account Allocation Committee (FAAC) shared N714.629 billion to the three tiers of government in Abuja on Wednesday as federation allocation for the month of March. This is contained in a communiqué issued at the end of the FAAC meeting for April. Its spokesman, Mr Stephen Kilebi, […]
  • Third Global Black Impact Summit to Take Place in Dubai

    Third Global Black Impact Summit to Take Place in Dubai The Black Impact Foundation has announced the launch of the third edition of the Global Black Impact Summit, taking place in Dubai from 30 November to 1 December 2023, according to a statement. Building on two successful editions and once again uniting role models, influential […]
  • Zenith, UBA Lead as Analysts Upgrade Estimates

    Zenith, UBA Lead as Analysts Upgrade Estimates Following their relatively healthy earnings performance in the financial year 2022, equities analysts at Cordros Capital Limited have raised their target price for Zenith, United Bank for Africa and GTCO Plc. Signalling optimism level, Zenith Bank attracted higher upgrades, followed by UBA while GTCO whose profit moderated came […]
  • My Experience With “Prejudiced” Landlord — Vice President, Osinbajo

    Vice President Yemi Osinbajo has narrated how a “prejudiced” landlord some decades ago discriminated against him for being an “Ijebu man”, a Yoruba sub-group in South-west Nigeria. Mr Osinbajo, a Senior Advocate of Nigeria, said the landlord, who he encountered in 1989, had a policy of not renting his house to “Igbos, Ijebus and lawyers”. […]