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  • Edo State Fulfills Promise, Pays Workers New Minimum Wage Of N70,000

    The Edo state government has fulfilled its promise by paying workers the new minimum wage of N70,000. This followed Governor Godwin Obaseki’s assurance that the minimum wage would be increased from N40,000 to N70,000, starting with the May 2024 salaries. Obaseki made this commitment during the recent inauguration of the Labour House in Benin, the […]
  • Shippers’ Council Prioritises FG Directives on Non-oil Sector Diversification

    Shippers’ Council Prioritises FG Directives on Non-oil Sector Diversification Mr Pius Akutah, the Chief Executive Officer (CEO) of the Nigerian Shippers’ Council (NSC) has reaffirmed the Federal Government’s commitment to prioritising the diversification of the non-oil sector. Akutah said this in statement issued by the Assistant Director, Public Relations Unit of NSC, Mrs Rebecca Adamu, […]
  • Technical Team Validates Nigeria’s bid to Host $5bn AEB Headquarters

    Technical Team Validates Nigeria’s bid to Host $5bn AEB Headquarters A Joint Technical Inspection Team has validated Nigeria’s readiness to host the headquarters of the five billion dollars African Energy Bank (AEB) in the country. The AEB is set to be established in Nigeria in July 2024. The technical inspection team is from the African […]
  • NGX Delists Arbico Plc after 46 years, Investors Lose N290bn

    NGX Delists Arbico Plc after 46 years, Investors Lose N290bn The Nigerian Exchange Ltd. (NGX) says it has delisted the entire issued share capital of Arbico Plc from its daily official list after 46 years of listing. The NGX disclosed in its weekly official report made available to newsmen in Lagos that the company was […]
  • Man United Beats City 2-1 to Win FA Cup

    Man United Beats City 2-1 to Win FA Cup Manchester United (Man U) defied the odds to beat Manchester City 2-1 in the FA Cup final on Saturday. United, who finished in eighth place in the Premier League after a disappointing campaign, stunned the Premier League champions City with a hugely impressive display. They took […]
  • FCMB to Raise Additional N150bn in Q3 2024

    FCMB to Raise Additional N150bn in Q3 2024 FCMB Group Plc says it has sought shareholders’ approval to raise additional capital of N150 billion by the third quarter of the year, following regulatory endorsement. Balogun said that the bank aimed to boost its capital base to N500 billion in alignment with the Central Bank of […]
  • NAHCO Plans to Diversify, Targets N100bn in 5 years

    NAHCO Plans to Diversify, Targets N100bn in 5 years The Nigerian Aviation Handling Company Plc (NAHCO aviance) says it aims to reach N100 billion in revenue over the next five years while focusing on diversifying its investment portfolio. NAHCO Chairman, Dr Seinde Fadeni, said this on the sidelines of the company’s Annual General Meeting (AGM) […]
  • FBN Holdings Shrinks on Shareholders Negative Reaction to Dividend Cut

    FBN Holdings Shrinks on Shareholders Negative Reaction to Dividend Cut Barbican Capital Limited owns 8.67% of shares Femi Otedola came second, with total 5.65% FBNH Lost more than 50% in Market Value The Bank Records N332.787 billion as FX Loss Board Cuts Dividend by 20% Broadstreet Elephant Needs N249bn for Recapitalisation FBN Holdings Plc’s (Ticker: […]
  • CSCS Shareholders Approve N7.5bn Total Dividend for 2023

    CSCS Shareholders Approve N7.5bn Total Dividend for 2023 Shareholders of the Central Securities Clearing System (CSCS) on Friday approved total dividend of N7.5 billion for the financial year ending December 31, 2023, as against N6.85 billion paid out in 2022. The approval made at the company’s 30th Annual General Meeting (AGM), held in Lagos, translated […]