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Lawyers to Governor Abba Yusuf of Kano State and justices of the Court of Appeal are currently at loggerheads over the contradictory certified true copy (CTC) of the judgment sacking him from office. The latest twist to the judgment CTC controversy arose after both sides rejected service of fresh processes involved in the matter. Governor […]

*Asks Apex Court To Uphold Portion of Court of Appeal Judgement Setting Aside Trial Tribunal Judgement The New Nigeria Peoples Party (NNPP) has filed its notice of appeal before the Supreme Court to challenge the November 17 judgement of the Court of Appeal which upheld the decision of the Election Petition Tribunal, sacking Governor Abba […]

The Senate on Wednesday passed the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The approval followed the presentation of the report of a Senate Joint Committee chaired by Senator Sani Musa. The panel scrutinised details of the estimates proposed by the various federal ministries, departments and agencies in the fiscal document. The […]

The Ambassador of China to Nigeria, Cui Jian Chun, on Wednesday, said his country would like to establish its military industry in Nigeria. According to him, this would support local production of military equipment in Nigeria, adding that Nigeria has abundant natural and human resources that can support Chinese corporations based in Nigeria. He said […]

The Chief Registrar of the Court of Appeal, Umar Bangari, has the cleared air on the controversies surrounding the judgement delivered by the court on the Kano Governorship Election dispute. In a reaction, Bangari said that what happened in the judgement body was a typo error that did not in anyway invalidate or change the […]

Nigeria Stocks Rebound with N32bn Gain Nigeria stocks rebounded with about N32 billion gain after the local exchange opened the week on a negative note, resulting in a more than N57 billion decline in market cap. Due to improved trading activities on the buy side, the performance of the Nigerian Exchange bounced back on Tuesday, […]

Fitch Downgrades Coronation Merchant Bank Credit Ratings Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘. In a statement, Fitch said it has also downgraded the merchant bank’s National Long-Term Rating to ‘B+(nga)’ from ‘BBB-(nga)’, adding […]

UBA Outperforms Banking Sector as Return Hits 173% Amidst strong stock market rerating of banking shares, the United Bank for Africa (UBA) Plc has spun higher return than any of its peers in the banking sector. Its year-to-date return as investors Based on trading data from the Nigerian Exchange, UBA Plc has gained more than […]

Nigerian Breweries to Pay N7.01bn for DSWN Nigerian Breweries Plc is considering paying N7.01 billion for the proposed acquisition of 80% economic and voting rights in Distell Wines and Spirits Nigeria (DWSN) and 100% of Distell’s import business in Nigeria is ₦7.01 billion, its transaction document obtained by MarketForces Africa revealed. Following the acquisition of […]

Afrinvest Downgrades Fidelity, FBNH, Stanbic Stocks to Sell Equities analysts at Afrinvest Limited have kept shares of Fidelity Bank, FBNH and Stanbic IBTC on sell recommendation due to weak upside potential, detail from its week stock recommendation shows. These stocks are noted to have negative upsides, which means they have hit an overbought level and […]

Uncertainties Heighten as CBN Keeps Policy Tools on Autopilot Uncertainties in the Nigerian economy heighten as the monetary authority suspends its meeting scheduled for November meeting. The apex bank first postponed its bi-monthly meeting in September amidst worsening macroeconomic indicators. The move has left policy direction on autopilot, experts said while reacting to continued decisions […]

Future Forward 3.0: Zenith Bank to Hold Third Edition of Tech Fair Zenith Bank is set to hold the third edition of its tech fair tagged “Future Forward 3.0”, holding on Wednesday, November 22 and Thursday, November 23, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to […]