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The leadership of the Labour Party, on Tuesday, warned the Nigeria Labour Congress against trying to hijack the political platform, saying it lacks the power to sack the Julius Abure-National Working Committee as recently declared. The party’s response was a reaction to Monday’s resolution taken by the NLC Political Commission at a stakeholders meeting in […]

Rivers Governor Siminalayi Fubara has vowed to continue to resist plots by disgruntled persons to plunge the state into endless crisis. Fubara said already, peace had prevailed in the state because he drew strength from God to resist insults and tantrums thrown at him. The Governor in a statement by his Chief Press Secretary (CPS), […]

An Abuja-based Muslim cleric, Barrister Shuaib Mustapha Agbarere, has urged Muslim parents to be involved in the marriage counselling of their children to prevent them from being misled. Agbarere made the call at the weekend at the weekly Ramadhan women’s lecture series tagged: “By women, for women”, of the Al-Habibiyyah Islamic Society in Abuja. Sheik […]

The Benue State Government has conducted mass burial for fifteen farmers that were murdered by suspected herdsmen at Mbakyor Community of Gwer East Local Government Area of the state. Remains of the victims who were recently killed by the marauding herdsmen that invaded the community were laid to rest on Tuesday. President General, Masev Development […]

The impeached Deputy Governor of Edo State, Philip Shaibu, has written to the Chief Justice of Nigeria, Justice Olukayode Ariwoola to obtain a complaint form to file a formal petition against the Chief Judge of Edo State, Justice Daniel Okungbowa. Shaibu was impeached on Monday by the State House of Assembly following the adoption of […]

The Maritime Police Command has arrested two men for alleged impersonation, extortion and blackmail of importers at the Lagos seaports. The suspects identified as Gbenga Solomon, 48 and Erhimu Igho,59, were said to be employees of CMA-CGM Nigeria Limited with Gbenga being the Customer Service Manager. According to the police,the suspects who have been charged […]

Equities Investors Lose N221bn as NGX Slides Further Equities investors lost about N221 billion on Monday as the Nigerian Exchange (NGX) market capitalisation declined further. The local bourse closed negative last week, losing about N623 billion. The market has been bleeding over the past two weeks as investors began to rebalance portfolios ahead of the […]

Zenith Bank Grows Profit by 202% to N677bn Zenith Bank Plc grew its annual profit by more than 202% year on year to about N677 billion, according to details from the company’s audited financial statement submitted to the Nigerian Exchange. The solid annual profit growth was supported by increase in interest rate which pushed net […]

GTCO Grows Profit by 219% to N539 Billion Guaranty Trust Holdings Company (GTCO) Plc grew its annual net profit by more than 219% year on year to about N540 billion, details from its audited financial statement posted to the Nigerian Exchange shows. Naira Slides as Nigerians Import Appetite Rises According to its audited financial statement, […]

Africa Needs to Grow at Strong Pace to Reduce Poverty –Report Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to the World Bank’s latest Africa’s […]

Stop Using Forex as Collateral For Naira Loans, CBN Warns Bank Customers The Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira loans. Acting Director, Banking Supervision Department of the CBN, Adetona Adedeji, gave the warning in a statement on Monday, in Abuja. Adedeji said […]

UBA Introduces First of Its Kind Scan to Resolve Complaint Portal Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088 called the ‘Scan to Resolve Complaint’ Portal with code aimed at enhancing satisfaction and swiftly addressing customers’ disputes. The first-of-its-kind innovative platform marks another significant step by […]