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GCR Upgrades Wema Bank Ratings, Revises Outlook GCR Rating has upgraded Wema Bank Plc’s national scale long-term issuer ratings to BBB (NG) from BBB-(NG) and affirmed the short-term issuer rating of A3 (NG); according to its rating note.  The emerging market ratings agency also revised outlook on the bank to stable from Rating Watch Positive. […]

Nigeria’s 10-Year Bond Attracts 21.50% Interest Rate Nigeria’s 10-year bond was sold to asset managers, and other investors in the local debt capital market at spot rate of 21.50% at the latest primary market auction conducted by the debt management office, DMO. According to details from the auction results, DMO offered investors that subscribed to […]

The National Youth Service Corps (NYSC) has announced the commencement of the 2024 Batch ‘B’ Stream One Orientation Course for prospective corps members. The program is set to begin on June 26, 2024, with the Swearing-In Ceremony scheduled for July 2, 2024, and the Closing Ceremony on July 16, 2024. Director General Brigadier General YB […]

The third Prosecution Witness, PW3, Abdulhamid Isa Muri, in the ongoing trial-within-trial of the former Accountant General of the Federation, AGF, Ahmed Idris, on Tuesday, June 25, 2024, told Justice Halilu Yusuf of the Federal Capital Territory, FCT, High Court, Abuja that the Economic and Financial Crimes Commission, EFCC, did not promise Idris that he […]

Police authorities in Rivers State have declared a former Niger Delta militant leader, Gabriel ‘General’ Asabuja, wanted. This announcement was made by the state Commissioner of Police, Tunji Disu, on Monday during an appearance on Channels Television’s Politics Today. Asabuja gained attention after a viral video showed him making strong statements regarding the ongoing local […]

Kenya’s president called the storming of parliament on Tuesday a national security threat and vowed that such unrest won’t happen again “at whatever cost,” after thousands of protesters against a new finance bill pushed their way in, burning part of the building and sending legislators fleeing. It was the most direct assault on the government […]

Music superstar Davido has tied the knot with his longtime partner, Chioma, in a lavish wedding ceremony in Lagos. The highly anticipated event is currently taking place at Eko Hotel, Lagos, Nigeria. As part of the traditional Igbo wedding rites, Davido prostrated before Chioma’s parents, seeking their daughter’s hand in marriage and also their blessing, […]

The Federal Executive Council (FEC) has approved $1.442 million for the procurement of arms, ammunition and equipment for the National Drug Law Enforcement Agency (NDLEA) to boost its anti-narcotics operations. The Attorney-General of the Federation and Minister of Justice, Dr Lateef Fagbemi, who disclosed this while briefing journalists at the State House, Abuja, after the […]

The House of Representatives Committee on Public Assets on Tuesday asked the Police in the National Assembly to immediately arrest an unlicensed auctioneer and the Director of Quality Control of the Nigeria College of Aviation Technology for allegedly providing false information on oath over the sale of 2 helicopters for $1.2m. Those arrested are Idirisu […]

The Economic and Financial Crimes Commission, on Tuesday, opened its case at the Federal High Court Abuja in the money-laundering suit brought against the immediate past Governor of Anambra State, Willie Obiano. The anti-graft agency presented a total of two witnesses in today’s trial. A bank manager, Mr Tochukwu Nnadi, who entered the witness box […]

The Academic Staff Union of Universities has urged the Federal Government to fulfil its promise to remove its members from the Integrated Payroll and Personnel Information System. The Chairman of the ASUU, Federal University Lokoja chapter, Dr. Joshua Silas, made the call on Tuesday during a protest by members of the union at FUL campus […]

The Lagos State Judiciary has come under fire for alleged wasteful expenditure following reports that 75 judges from the state’s High Court are scheduled to attend a seven-day retreat in England during the month of July 2024. The delegation is said to include keynote speakers and support staff, raising concerns among legal professionals about the […]