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Skipper Eye-Q Nigeria Limited, a specialist eye care services provider, has expressed its dissatisfaction with the Personal Data Protection Awareness Initiative’s use of online media to serve them a court process. The company has described this act as subjecting them to a media trial. In a letter dated March 4, 2024, written by the law […]

The new Deputy Governor of Edo State, Omobayo Godwins, has pledged his unalloyed loyalty to Governor Godwin Obaseki in the few months they will work together before the end of the governor’s eight-year double terms on November 12, 2016. The 37-year-old, who was sworn in on Monday after the state assembly impeached Philip Shaibu as […]

Exclusion of Retain Earnings to Complicate Banks Recapitalisation –Moody’s Retain earnings of Nigeria’s deposit money banks (DMBs) excluded from capital base calculation will complicate recapitalisation plans for lenders, Moody’s Rating gave the hint in a new report. However, the firm stated that Nigerian banks’ minimum capital requirements could drive positive credit ratings for these financial […]

Access Holdings Seeks N565bn from Rights Issue, Private Placement Access Holdings Plc has revealed a plan to raise N565 billion in capital from the local debt capital market to augment its funding profile. The financial services boutique has been expanding its balance sheet size with a series of acquisitions. Following a sell-off by investors on […]

FBN Holdings Shrinks by 14.2% as Price Retreats FBN Holdings (FBNH) Plc shrank by more than 14% due to shareholders’ stock selloffs in the local bourse ahead of the first quarter of 2024 earnings release. The group is expected to release its first quarter earnings scorecard in April, stockbrokers said. Its share price declined to […]

Equities Investors Wealth Declines by N623bn in Nigerian Market Investors in stocks lost roughly N623 billion as a result of selling rallies on the Nigerian Exchange (NGX) floor the previous week. The market sustained downward pressures as a result of a shift in market sentiment. The yield repricing in the fixed income market caused a […]

Nigerian Breweries to Raise N600bn from Shareholders Due to the need to raise its capital profile, Nigerian Breweries (NB) Plc will be raising N600 billion from its shareholders. Those shareholders that wish to exercise their first instance right to purchase more shares from the company. The management has announced plans to raise about ₦600 billion […]

GTCO Plans Rights Issue, Private Placement Worth N525bn Guaranty Trust Holdings Company (GTCO) Plc, the top tier-1 financial institution in Nigeria, has disclosed plans to raise N525 billion from the local debt capital market, according to stockbroking firms. By means of rights issues and private placements, the financial services company would raise ₦525 billion in […]

A large crowd of people trooped out to welcome Hamisu Bala, better known as ‘Wadume’, to his hometown in Ibbi, Taraba State, on Sunday, after serving his jail term for offences of kidnapping and others. Wadume, who was arrested by men of the Intelligence Response Team (IRT) of Inspector-General of Police, in 2019, was released […]

GOVERNOR Abba Kabir Yusuf of Kano State, on Sunday, replied his predecessor, Alhaji Abdullahi Ganduje, over his claims of failure in governance in the current administration, insisting that Ganduje’s eight-year tenure represented failure and maladministration, following massive records of corruption, diversion pf public funds and sale of government properties that characterized it. Recall that the […]

Popular Nigerian comedian AY Makun has officially confirmed the rumors of his separation from his wife, Mabel, after twenty years of marriage. The couple, who share two children together, had recently unfollowed each other on Instagram, fueling speculation about their relationship. In a heartfelt post on his verified Instagram account on Sunday, April 7th, 2024, […]

*LP Calls On Law Enforcement To Prevent NLC’s Meeting, Says “NLC Has No Proprietary Right Over the Party” Stakeholders of the Nigeria Labour Congress will on Monday meet to take a decision on the leadership crisis rocking the Labour Party and the return of Julius Abure as national chairman. Among other things our correspondent gathered […]