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The High Court of Enugu State has restrained Senator Samuel Anyanwu from parading himself as National Secretary of the Peoples Democratic Party (PDP). The restraining order was handed down in a judgment delivered on Thursday by Justice C.O. Ajah, in a suit with number E/882/2023, filed by Aniagu Emmanuel. The court also ordered the National […]

The Peoples Democratic Party (PDP), has condemned the failure of the President Bola Ahmed Tinubu-led government to pay the December salary of federal workers. This, the party said further confirms that the administration is out to frustrate and inflict pain on Nigerians. National Publicity Secretary of the PDP, Hon. Debo Ologunagba, said this in a […]

*Says Minimum Wage Earners Exempted from Tax Under New Edo Orders Godwin Obaseki, the governor of Edo state, has signed six executive orders aimed at further enhancing the state’s economic environment. He claimed that his administration has received $3 billion in investments during the last seven years. He clarified that the executive directives will make […]

NGX Group Appoints Temi Popoola as GMD/CEO The Nigerian Exchange Group Plc. (NGX Group) has appointed Mr Temi Popoola as its General Managing Director/Chief Executive Officer (GMD/CEO) designate effective Jan. 1, 2024. Equally, Mr Jude Chiemeka has also been appointed as the Acting Chief Executive Officer (CEO) of Nigerian Exchange Ltd. (NGX), also effective Jan. […]

Nigerian Exchange Closed 2023 With N148bn Daily Gain The equities segment of the Nigerian Exchange (NGX) ended in green with more than N148 billion daily gain recorded on Friday, data from the local bourse showed. Following a strong buying momentum, the Nigerian stock market performance indicators grew by +0.36%. The surge pushed year-to-date returns higher, […]

Turk Eximbank Joins AFC as Inaugural Non-African Shareholder Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf of the Republic of Türkiye, marking a historic milestone in onboarding the Corporation’s first non-African sovereign shareholder. The equity subscription from Türkiye’s official export credit agency advances […]

Abia State Gov. Otti Signs 2024 Spending Plan into Law Gov. Alex Otti of Abia has assented to the 2024 Appropriation Bill of N567.2 billion into an Act. In a speech at the brief event, held at Nvosi in Isiala Ngwa South Local Government Area, Otti said that the budget would stimulate the economy and […]

Jaiz Bank Releases Earnings Forecast for Q1-2024 Jaiz Bank Plc, Nigeria’s premier non-interest banking operator, has released an earnings forecast for the first quarter of 2024, its latest regulatory filing signed by its chief financial officer, Ahmed A. Hassan revealed.    The management expects the non-interest bank to deliver N4.299 billion as net profit in […]

CAC Extends Deadline for Annual Returns Filing The Corporate Affairs Commission (CAC) has extended the deadline for the commencement of penalties against companies that failed to file annual returns between Jan. 1 2024 and April 1, 2024. A statement by the commission’s Director of Press, Mr Dominic Inyang, said management decided to extend the penalty […]

Kano Gov. Yusuf Signs 2024 Budget into Law Gov Kabir Yusuf of Kano State has signed into law, the sum of N437 billion as 2024 budget with an assurance of judicious utilisation of the state funds in accordance with global best practices of public financial management. This is contained in a statement issued by the […]

Akwa Ibom State Gov. Signs N849.97bn 2024 Budget into Law Gov. Umo Eno of Akwa Ibom has assented to the 2024 appropriation estimate of N849.97 billion into law with a pledge to increase the revenue generation drive of the government. Eno assented to the budget at an expanded Executive Council meeting held at Government House, […]