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The Directorate of Road Traffic Services (DRTS), Federal Capital Territory (FCT), says it is set to upwardly review traffic offence fines from the least N2,000 to N5,000 and even up to N300,000. Mr Kalu Emetu, DRTS Director of Public Relations, made this known on Monday during an enlightenment exercise embarked upon by the service in […]

The Speaker of Ondo State House of Assembly, Rt. Hon. Olamide Oladiji, on Monday, said his life was being threatened following the impeachment moves against the deputy governor of the state, Hon. Lucky Aiyedatiwa. Oladiji who said he was confronted in his official residence, located beside Alagbaka Government house, on Monday morning with a fetish […]

The Minister of Interior, Olubunmi Tunji-Ojo, has promised that the Federal Government would invest in the harmonisation of the country’s data through the National Identity Management Commission. The Minister noted that the era of multiple ID registrations would soon be over in the country. He spoke while receiving the MTN management team led by the […]

The Kwara Upper Area Court sitting in Ilorin, Kwara State, on Monday, admitted Abdulazeez Adegbola better known as Tani Olorun to administrative bail. The presiding judge of the court, Mr Sunday Adeniyi, while ruling on the bail application filed by a team of counsel defending Tani Olorun, who was standing trial in a case of […]

GCR Puts Union Bank of Nigeria on Rating Watch Evolving GCR Rating affirmed Union Bank of Nigeria Plc’s national scale long-term and short-term issuer ratings of BBB+ (NG) and A2 (NG) respectively, according to its latest rating note on the financial service. The emerging market rating agency also affirmed the bank’s N6.3 billion Series 2 […]

Nigeria Faces Debt Sustainability Threats, Default Not Impossible – Analysts Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate the nation’s borrowing spree amidst a struggle to drive economic growth higher. The debt-to-gross domestic ratio has crossed the target, and debt service to revenue has worsened beyond expectations, […]

Asset Managers Unpack Nigeria TBills Despite Liquidity Boost The benchmark yield climbed as wealth, asset managers unpacked Nigerian Treasury bills in reaction to an indefinite postponement of the monetary policy committee meeting despite a surge in liquidity level in the financial system. As a result, the fixed income securities market ended on a bearish note […]

Access Plc Boosts Profit by 53%, Proposes 30k Dividend Access Holdings Plc boosted its profit by about 53% year on year to N135.441 billion in the first half of 2023 from N88.7 billion in the comparable period, according to its latest interim financial statement filed with the regulators. As a result, Access Plc’s earnings per […]

Naira Gains 1.2% in Value as CBN Sells FX to Banks The Nigerian naira rebounded moderately at the Investors’ and Exporters’ foreign exchange window, a move that was supported by the Central Bank of Nigeria’s (CBN) decision to sell US dollars and other foreign currency to commercial banks. However, the exchange rate worsened in the […]

FG Awards Lagos-Calabar Coastal Highway to Hitech The Federal Government is discussing the implementation of Lagos-Calabar coastal highway roadmap, the nation’s ambitious capital project, with Hitech Construction Company Limited. The discussion was opened by Minister of Works, Mr David Umahi, on Saturday. Umahi, during a meeting with engineers from the Federal Ministry of Works and […]

Nigerian Bourse Down By N39bn as DANGCEM Price Falls The Nigerian bourse market capitalisation went down by about N39 billion as negative price movement on Dangote Cement (Ticker: DANGCEM) wiped off gains recorded over the week. This marked the second weekly loss amidst growing uncertainties in the economy. Supporting the weekly loss, equities investors trading […]

Transcorp Hotels Meets NGX Free Float Compliance Transcorp Hotels Plc’s share price appreciated moderately in the just concluded week as the hospitality company announced it has now fully complied with the Nigerian Exchange (NGX) free float requirements. Starting the week at N44.9 per share, the share price trended positively as it closed at N45.90, according […]