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The Chairman of the Committee of Chief Medical Directors/Medical Directors of Federal Tertiary Hospitals, Prof. Emem Bassey, has said that Nigerian doctors and nurses and other health professionals are now leaving the country for Sierra Leone, The Gambia and other African countries to earn better pay. Bassey, who is the Chief Medical Director (CMD) of […]

President Bola Tinubu has expressed his deep concern over the political situation in Gabon and the socio-political stability in that country. Tinubu’s reaction came hours after a group of Gabonese military officers appeared on television Wednesday announcing they were “putting an end to the current regime” and cancelling an election that, according to official results, […]

Hon. Justice Polycarp Hamman of the Portharcourt Judicial Division of the National Industrial Court has declared the continued withholding of placement or reinstatement of Miriam Uche Mark by the Rivers State Universal Basic Education Board since 24th day of March 2017, to date without official explanation as capricious, vindictive, oppressive, illegal, unlawful and constitutes a […]

The Chief Justice of the Nigeria (CJN) earns more than the Vice President and the Senate President, the Revenue Mobilisation Allocation and Fiscal Commission (RAMFAC) said yesterday. The commission also stated that the Justices of the Supreme Court earn higher than Senators while the Chief Judges in the states earn higher than the state lawmakers. […]

The Court of Appeal in Abuja has upheld the N50million damages awarded against Senator Elisha Ishaku Abbo (Adamawa North) by a High Court of the Federal Capital Territory (FCT) for assaulting a woman – Ms. Osimibibra Warmate – in a sex toy shop in Abuja in 2019. In a judgment, a three-member panel of the […]

Pa Taiwo Akinkunmi (OFR), who designed Nigeria’s flag, Pa. is dead. Akinkunmi died in the early hours of Tuesday after a brief illness. One of his children announced his death on Facebook. He wrote: “Life is indeed transient; I can say boldly that you live a life with a landmark. Continue to rest, my father! […]

Oil Rises as Hurricane Idalia Sends Negative Signals Brent crude and West Texas Intermediate oil prices increased as Hurricane Idalia jitter sent new signals that supply would tighten. West Texas Instruments (WTI) crude for October delivery closed up US$1.06 to US$81.16a per barrel. Also, October Brent crude, the global benchmark, was last seen up US$0.99 […]Read More

Bonds, Treasury Bills Yields Mixed As Liquidity Surge Relatively stable demand for fixed interest securities assets, bonds and Treasury Bills yields mixed on Tuesday as as financial system liquidity surge eased pressures on the market funding profile significantly. Yesterday, a healthy level of free funds in the market triggered an increase in demand for government […]

Naira Sags Amidst Messy FX Reform Exchange rates across foreign currency markets in Nigeria worsened on Tuesday over sustained US dollar shortage in the economy. As a result, the gap between the parallel and official market settled at N145, giving rise to increased speculative activities. Naira reform by the government has failed to achieve convergence […]

Flour Mills of Nigeria Posts N9.34bn Loss, Stock Gains 10% Food producer Flour Mills of Nigeria (FMN) Plc recorded more than N9 billion loss after tax in the first quarter of the company’s 2024 financial year due to naira fluctuation. Despite the loss, the company share rallied with a maximum daily gain of 10% in […]

Banking, Consumer Stocks Lift Nigerian Exchange Up by N185bn Equities investors in the Nigerian Exchange (NGX) recorded about N185 billion on Tuesday amidst sustained price appreciation seen in the consumer goods sector. Key performance indicators advanced further as some companies released half-year financial statements. In today’s trading session, the NGX All Share Index registered a […]

Stanbic IBTC Profit Jumps 122%, Declares Dividend Stanbic IBTC Holdings Plc doubled down its earnings performance in the first half of 2023, a review of the financial services group’s audited financial statement submitted to the regulator showed about a 122% spike in profitability. Specifically, profit after tax at the group level surged N67.9 billion in […]