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CBN explains exclusion of retained earnings from bank recapitalization process
The Director of Financial Policy & Regulatory Department of the Central Bank of Nigeria (CBN), Haruna B. Mustafa, has provided reasons for the exclusion of retained earnings of banks in the proposed capitalization…
State of Nation: It’s time to restructure Nigeria — Obasanjo
FORMER President Olusegun Obasanjo has thrown his weight behind the need to restructure Nigeria, warning that the preponderance of wrong systems of administration is bad for the governance of any country. Obasanjo spoke…
Dealers demand N850/litre diesel as Dangote, marketers meet
Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre, as operators plan to…
We regret voting Tinubu, won’t repeat mistake in 2027 – Northern Elders fume
The Northern Elders Forum has said that the northern region regrets voting President Bola Tinubu in the 2023 general elections. The elders noted that the mistake of voting for the president who was the candidate of the…
Court clears Jacob Zuma to contest South Africa’s election
South Africa’s electoral court has ruled that former President Jacob Zuma can run for office in the country’s upcoming election. The judgment which was delivered on Tuesday overturns the decision made by South Africa’s…
DisCos fail to provide 20 hours of power to Band A customers, blame ‘system outages’
Electricity distribution companies (DisCos) have started publishing their inability to meet the required power supply for Band A customers — as directed by the Nigerian Electricity Regulatory Commission (NERC). On April…
BREAKING: Olubadan-designate, Olakulehin not fit to rule now – Otun Balogun
The Otun Balogun Olubadan of Ibadanland, Oba Abimbola Ajibola, on Tuesday, declared that the Olubadan-designate, Oba Owolabi Olakulehin, is still ill and not physically fit to rule at the moment. The PUNCH reports that the…
BREAKING: Hoodlums burn down residence of former Benue gov
Hoodlums have reportedly set ablaze the residence of a former Governor of Benúe State, late Aper Aku, in the Gboko area of the state. The incident was said to have happened on Monday after the occupants were safely…
John Cena opens up on WWE retirement plan
John Cena, widely regarded as one of the greatest professional wrestlers of all time, has spoken about his retirement plan from the sport. The 16-time champion recently made a comeback following a setback at Crown…
BREAKING: Kano court fixes April 17 for Ganduje, wife, son’s arraignment
A Kano State High Court has fixed April 17, 2024, for the arraignment of the immediate past governor of the state, Abdullahi Ganduje, his wife, son, and five others, for alleged bribery. Ganduje and the others will be…
Eid-El-Kabir: Obaseki Preaches Love, Sacrifice After Impeachment Of Deputy
Governor Godwin Obaseki of Edo State has charged Nigerians to show sacrifice and love. The governor said this in his Eid-El Fitr message to the people of Edo, appealing to Muslims to sustain the lessons learnt during the…
Islamic State Threatens To Attack UEFA Games Tonight
Terrorist group, Islamic State, has threatened to launch an attack against the four stadiums hosting the first leg of the Champions League quarter-finals. The fixtures are scheduled for this week Tuesday and Wednesday.…
UBA to pay N2.30 final dividend as pre-tax profit hits N757.680bn
United Bank for Africa (UBA) Plc has released its audited results for the year ended December 31, 2023. The group’s profit before income tax (PBT) printed higher at N757.680billion as against N673.011billion in…
Stanbic IBTC says capable of raising N138bn in capital shortfall
The management of Stanbic IBTC Holdings Plc is sure it will comfortably raise the N138 billion in capital shortfall for its national banking license following the recapitalisation announcement from the Central Bank of…
Sokoto Cleric Leads Eid Prayers, Dares Scholars With Contrary View
Sheikh Musa Lukwa, a Sokoto-based cleric, on Tuesday, led his followers to observe eid prayer. The Nigerian Supreme Council for Islamic Affairs (NSCIA) under the leadership of Sultan of Sokoto, Alhaji Muhammad Sa’ad…
Hoteliers, school owners charging in dollars risk arrest – EFCC
The Economic and Financial Crimes Commission has stated that hotels, schools, and other establishments that accept payments in dollars from their customers are at risk of facing arrest. The Chairman, EFCC, Ola…
Computer Village Relocation: Plan delayed as Lagos insists on termination of developer’s contract
The Gatankowa ICT Market development may be delayed further as the Lagos State Government insists that it had terminated its contract with the Project Consultant, Bridgeway Global Project Ltd. The Special Adviser to the…
U.S. Navy shares more insights about deceased officer who renounced Nigerian citizenship
The United States Navy has shared with PREMIUM TIMES fresh insights about the service of its recently deceased officer, Oriola Michael Aregbesola, who renounced his Nigerian citizenship after his enlistment in 2020. The…
Lagos-Calabar highway: Return to library for real facts – Presidency tells Atiku
The presidency has chided Atiku Abubakar, former vice-president, over his recent comments on the Lagos-Calabar coastal highway project. In a statement issued at the weekend by Paul Ibe, his media adviser, Abubakar alleged that the…
Crude oil sells above $90 per barrel as cease fire deal between Hamas and Israel fades
Oil prices increased during early Asian trading as optimism faded regarding the potential for ceasefire negotiations between Israel and Hamas to alleviate tensions in the Middle East. Brent crude futures climbed by 40…
Coastal road: Lagos residents protest planned demolition of properties
Residents of Okun-Ajah community in the suburb of Lagos State, yesterday protested at the State House of Assembly over the planned demolition of their properties for the proposed Lagos-Calabar Coastal Road project.…
Dangote Cement to pay shareholders N511 billion dividend for FY 2023
Shareholders of Dangote Cement Plc will receive a dividend of N511.215 billion for the financial year ended December 2023, representing a reward of N30.00 for each share held. The board of directors of Dangote Cement…
Oil-for-cash loan: Nigeria to get $1bn from Afreximbank
THE federal government has concluded arrangements to receive $1.05 billion syndicated loan backed by oil towards the end of May 2024. The loan is part of the $3.3 billion “pre-export finance facility” facilitated by the…
BigBrotherNaija winner Phyna calls out MultiChoice over failure to pay prize money
Big Brother Naija season seven winner, Ijeoma Otabor, popularly known as Phyna, has lashed out at MultiChoice over its alleged failure to redeem the prize money and other perks attached to her victory. The content…