Pa. Michael Taiwo Akinkunmi (OFR), the designer of the Nigerian flag, is dead. Pa. Akinkunmi, aged 93, died in the early hours of Tuesday after a brief illness. His demise was announced via the Facebook account of one of his children. He wrote, “Life is indeed transient; I can say boldly …
Read More »Full discharge from Lagdo Dam may happen should rains persist — NEMA
… says states have begun clearing water channels The National Emergency Management Agency, NEMA, has said that Lagdo Dam might commence full discharge of excess water should the region in Cameroon experience heavy and persistent rainfall. The Director-General, NEMA, Mustapha Habib Ahmed, stated this during the Emergency Coordination Forum of …
Read More »Gabon coup: Tinubu seeks consensus against spread of ‘contagious autocracy’
President Bola Tinubu has said a comprehensive consensus against the spread of “contagious autocracy” across Africa is the next step forward with respect to how the power in Gabon will play out. The Nigerian leader noted that he is committed to working with other heads of state to defend democracy …
Read More »Lagos pays N2.017bn to 644 retirees
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 »