The Lagos State Government paid N2.017 billion as retirement benefits to 644 retirees on Wednesday. The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, disclosed this at the 101st batch Retirement Bond Certificate presentation for retirees in Lagos State. Obilana said Wednesday’s payment represented the retirees’ past service benefits prior …
Read More »LG polls: Political parties battle for Edo chairmanship, councillorship seats
Political parties Voters in Edo State are expected to cast their ballot for 18 council chairmen and 192 councillors in Saturday’s local government polls that will take place in 4,519 polling units across the state. Chairman of the Edo State Independent Electoral Commission, Justice James Oyomire (retd), who stated this …
Read More »Palliatives: Kwara distributes 250,000 bags of rice
Kwara State Government on Wednesday flagged off the distribution of rice palliatives to the most vulnerable persons in the state, with the palliative committee saying that it would share at least 250,000 10kg bags in the first phase. At the flag off of the distribution in Ilorin, the state capital, …
Read More »Reps probe N267bn debt, reject representatives sent by insurance CEOs
The House of Representatives ad hoc committee investigating non-remittance to the National Housing Fund, NHF, and utilisation of the funds from 2011, on Wednesday summoned the chief executive officers, CEOs, of insurance companies over N267 billion investment fund debt and violation of the National Housing Fund Act. The Chairman …
Read More »Stanbic IBTC’s Strong Performance: H1 2023 Profit Grows by 121%, Sets ₦1.50 Interim Dividend Record
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the first half of 2023, showcasing a remarkable surge in profitability and key financial metrics. In the first half of 2023, Stanbic IBTC recorded Profit Before Tax (PBT) of ₦82.99 billion, up 108% from …
Read More »Fidelity Bank to help Schools prepare for New School Session with Edu Loan Product
As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in …
Read More »Fidelity Bank records highest earnings per share on the NGX for H1 2023
For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half year financial figures. According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, …
Read More »Education Minister Vows To Complete National Library 17 Years After Abandonment
Prof Tahir Mamman, new Minister of Education The Minister of Education, Prof. Tahir Mamman, has vowed to complete the abandoned National Library in 21 months. The library was first awarded to Reynolds Construction Company in 2006 during the administration of former President Olusegun Obasanjo to the tune of N8.9bn. About …
Read More »ZENITH BANK APPOINTS DR. JULIET EHIMUAN AS NON-EXECUTIVE DIRECTOR
The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023. The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central …
Read More »Glo turns 20, lauds Nigerians for patronage
Globacom, Nigeria’s leading digital solutions provider, has thanked its customers and Nigerians in general for their support of the network over the previous 20 years. The network, which celebrates its 20th anniversary on Tuesday, August 29, started in 2003 with the introduction of cutting-edge and reasonably priced telecommunication services. …
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