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FCMB’s Market Value Steadies Despite Earnings Beat FCMB Group’s market valuation was steadied at about N135.65 billion, data from the Nigerian Exchange showed with a unit price of N6.85 after losing 10k during the trading session last week. Its share price has not adjusted reasonably despite a remarkable earnings growth posted in the third quarter […]

What Import Restriction Did to Nigeria’s Economy Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has recently revealed the negative impacts of the immediate past administration’s import restriction on the economy. The decision to ban the importation of some goods was to support local industry which found it much easier to transfer higher […]

Ecobank Nigeria Posts $25m as Profit Ecobank Nigeria Limited posted $25 million as profit in the first nine months of the financial year 2023, according to a regulatory filing by the Pan African lender, Ecobank Transnational Incorporation Plc. Detail on its regional business performance showed that its banking subsidiary in Nigeria achieved a pre-tax of […]

BVN, NIN: Details of CBN New Guideline for Banks, Customers As part of its effort to promote financial system stability, the Central Bank of Nigeria (CBN) has issued new operating guidelines to deposit money banks (DMBs) to properly profile depositors, with specific mention as regards biometric verification numbers and National Identity Numbers. According to its […]

Fitch Keeps UK Rating at ‘AA-‘ With Negative Outlook Fitch Ratings has affirmed the United Kingdom’s (UK) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘AA-‘ with a negative outlook. In its rating note, Fitch said the UK’s ratings reflect a high-income, large, diversified and flexible economy, a credible macroeconomic policy framework, deep capital markets and […]

Senate president, Godswill Akpabio on Sunday, December 3, said one day Nigerians will come together in unity and patriotism. Akapabio spoke in Abuja at the 20th anniversary edition of service of nine lessons and carols 2023, with the theme: Jesus our hope, organised by the Radio Nigeria, Nigerian Television Authority (NTA), and the Voice of […]

*Calls For Electoral Act Rework Over Court Powers About 200 private legal practitioners have volunteered to assist Abba Yusuf, governor of Kano, in winning his election appeal case at the supreme court. The lawyers under the aegis of “Abba Kabir Yusuf Volunteer Lawyers Forum” are drawn from the 19 northern states and the federal capital […]

The federal government has taken delivery of the second Niger bridge from the contractor, Julius Berger, seven months after it was inaugurated by previous administration. The Minister of Works, David Umahi, while addressing reporters shortly after he was conducted round the road and the facilities by the Managing Director of Julius Berger, Dr Lars Richter, […]

The Nigerian Bar Association (NBA) has invited lawyers across the country to forward proposals and contributions to the House of Representatives Committee conducting a review of the 1999 Constitution. In a weekend statement, NBA National Publicity Secretary Akorede Habeeb Lawal said the Committee recently requested inputs identifying key areas for consideration in the constitutional amendment […]

A video has been making the rounds on X, showing a female police officer helping the wife of the Osun State First Lady, Titilayo Adeleke, to wear her earrings. The video has sparked discussions about the appropriateness of such actions performed in public by Nigerian security personnel. Nigerians on X argue that public servants, including […]

*Says High Demand For Visas Outstrips Available Appointments The United States (US) embassy in Nigeria says it is doing everything possible to clear visa applications from Nigerians. Speaking in an interview with NAN on Sunday, David Greene, the charge d’affaires of the embassy, said the demand for visa applications is more than the supply. Greene […]

*Claims Esan Roots Despite Not Knowing Tongue Ahead of the 2024 governorship election in Edo State, an aspirant on the platform of the Peoples Democratic Party (PDP), Asue Ighodalo, has declared that he is a “true Esan boy”, an indigene of Edo central district of the state even though he cannot speak the local language. […]