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FCMB Group Sustains Growth Momentum, Profit Rises 192.6% in Q1 2024
FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to…
Appeal Court Rules Dismissal Of Pregnant Unmarried Police Officers Illegal
The Court of Appeal sitting in Abuja has declared illegal Regulations 126 and 127 of the Nigerian Police which allows for the dismissal of an unmarried policewomen who become pregnant during their service. The…
EFCC and fleeing White Lion
Ordinarily, for the Economic and Financial Crimes Commission (EFCC) and indeed other anti-corruption agencies, the fear of a mere mortal who christens himself the ‘White Lion’ of Kogi State, the political entity he…
Costal highway: Landmark Beach refunds customers after demolition
The management of Landmark Resort Beach says it has initiated the refund process for customers impacted by the recent demolition of portions of its properties by the Federal Government. According to a statement posted on…
Wealthy people are leaving Africa for more favorable environments -Report
Every year African nations lose a large chunk of their high-net-worth individuals to the warm embrace of emigration, a new report has shown. This is according to a recent report by Henley & Partners that shed light on…
Sanwo-Olu appoints KWAM1’s daughter as SSA
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has appointed Basirat Damilola Marshall, daughter of Fuji maestro, King Wasiu Ayinde Marshall, a.k.a KWAM1, as his Senior Special Assistant on Tourism. This was according…
States will pay only sustainable minimum wage, say Governors
Governors yesterday sounded a note of caution to workers against unduly high expectations from the minimum wage negotiations. States will pay only implementable and sustainable wages, they said, but expressed commitment…
50 suspects arrested over Lagos market riots
The Lagos State Police Command has arrested over 50 suspects linked to the crisis that broke out in Ile-Epo area of the state yesterday. It was learnt that the crisis was fueled by clashes between youths and hoodlums in…
Rumpus in Lagos Police command over dismissal of two Inspectors on suspicion of dating
A rather bizarre scenario is currently playing out at the Lagos State Police Command over the dismissal of two police Inspectors suspected to be dating each other. But the officers have been given seven working days to…
Bayer Leverkusen one leg in Europa League final beating Roma 2-0; Atalanta hold Marseille
German champions Bayer Leverkusen have one leg in this year’s UEFA Europa League final after the Bundesliga club defeated last season’s finalists Roma 2-0 in the first leg of their semi-final tie in Italy on Thursday…
Nigerian transnational fraudster captured, convicted after scamming 400 U.S. citizens in…
A sixth Nigerian national pleaded guilty to operating a transnational inheritance fraud scheme that defrauded elderly and vulnerable consumers across the United States. According to court documents, Amos Prince Okey Ezemma,…
Fuel supply: 9,000 marketers may lose licences, seek FG’s intervention
As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National…
Europa Conference League: Olympiacos stun Aston Villa; Fiorentina beat 10-man Club Brugge 3-2
Ayoub El Kaabi scored a treble as Greece side Olympiacos stunned English outfit Aston Villa 4-2 in the first leg of their UEFA Europa Conference League semi-final match at Villa Park on Thursday night. Aston Villa…
Mother, son charged with $1 million fraud scheme
A 56-year-old Houston resident has been arrested following her indictment in a fraud scheme with her son in which they allegedly tricked an elderly couple out of over $1 million, announced U.S. Attorney Alamdar S. Hamdani.…
FG warns saboteurs as power generation rises to 4,800MW
The Federal Government says Nigeria’s electricity generation has risen to 4,800 megawatts up from around 3500 in March. This is as the government accused some “cartels and cabals” as those who did not want the power…
Fake doctor held over Osun pregnant woman’s death
A 32-year-old Senior Secondary School Certificate Examination holder, Saheed Oladiti, alleged to be claiming to be a medical doctor, has been arrested by the Osun State Command of the Nigeria Security and Civil Defence…
FG directs banks to deduct stamp duty charges on mortgages
The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty charge on all mortgaged-backed loans and bonds. Mortgage-backed loans are loans extended by financial…
CBN worries over declining economic activities
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Bello, disclosed this in a statement published on the bank’s…
Is all well at Nigeria’s Oando?
Oando Plc is struggling to stay afloat despite offloading several subsidiaries a few years ago. Since its shareholders’ equity turned negative in…
Naira weakens to 1,402/$ at official market on low liquidity
The naira, Thursday, fell to 1,402.11 per dollar, at the official foreign exchange (FX) market, from N1,390 quoted on Tuesday according to data by the FMDQ securities Exchange. On Monday, the naira fell to 1,419.11…
Trapped in Escravos: 150m-litre vessels behind petrol scarcity
Seven daughter vessels carrying a combined total of 150 million litres of petrol trapped on the high sea at the Escravos channel, a key oil terminal in the Niger Delta, have been identified as the reason for…
NSA orders full implementation of cybercrimes Act 2024
The National Security Adviser, Mallam Nuhu Ribadu, has ordered full implementation of the Cybercrimes (Prohibition, Prevention, Etc) Amendment Act 2024. The order also includes the operationalisation of the National…
Fresh concerns threaten installation process of Olubadan-designate
A twist to an ongoing peace pact between the Otun Olubadan, Rashidi Ladoja, a high chief, and other kingmakers, may further put the planned installation of the Olubadan-designate, Oba Owolabi Olakulehin on hold,…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice Office
The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firm’s corporate headquarters, or any…