Onu Dr. Ogbonnaya Onu, minister of science and technology and presidential hopeful, has resigned his appointment as member of the federal executive council (FEC). His resignation comes hours after Emeka Nwajiuba, minister of state for education, who is also a presidential aspirant quit. Recall that President Muhammadu Buhari had at …
Read More »Nigerian govt borrows N16.32trn from banks
CBN The total net credit to the Nigerian government by the banking sector rose by N2.2 trillion in the first quarter ended March 2022 to N16.32 trillion. This is according to figures from the Central Bank of Nigeria (CBN). According to the apex bank’s data on ‘Money and credit statistics’ …
Read More »Wole Olanipekun Faults Clarke’s Call For Tenure Elongation; Says It’s Threat To Democracy, National Security
A repeat of a Third Term agenda call which nearly ruined the tenure of former President Olusegun Obasanjo, which again resurfaced a few days ago, has continued to attract criticisms from well- meaning Nigerians. From the political class to the Bar, Nigerians have continued to condemn advocates of a Third …
Read More »Senator Adesoji Akanbi Declares For Oyo South Senatorial Seat
IBADAN. 11.05.22. Oyo politician, Senator Rilwan Adesoji Akanbi, has officially declared his intention to return to the Nigerian Senate to represent Oyo South Senatorial District on the platform of the All Progressives Congress (APC), confirming what has been one of the most anticipated declarations in Oyo politics since the buildup to …
Read More »Court to INEC, AGF: Show cause why Emefiele shouldn’t contest
Justice A. R. Mohammed of the Federal High Court in Abuja has asked the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF), Abubakar Malami, to show cause on why the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele should not be allowed to contest the …
Read More »elev8 inaugurates the Qatar Digital Center of Excellence in collaboration with Microsoft and the MCIT
The initiative seeks to create a highly qualified and competitive workforce for a fast-growing, diversified, technologically advanced economy. elev8 consolidates its operation in the Middle East with a modern campus for training in new technologies Lagos, May 2022. elev8, the world leader in digital training initiatives, recently launched the Digital Center …
Read More »Jumia shares first Environmental Social Governance report highlighting its current sustainability practices
Lagos (Nigeria), May 11th, 2022: Jumia (NYSE:JMIA) released today its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia. The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting Standards Board (SASB) materiality topics for …
Read More »STANBIC IBTC Infrastructure Fund Series II Offer Is Now Open
Stanbic IBTC Asset Management Limited (the “Fund Manager”), a subsidiary of Stanbic IBTC Holdings PLC, is pleased to announce that the N15 billion Series II Offer (the “Offer”) under its Stanbic IBTC Infrastructure Fund (the “Fund”) N100 billion Shelf Programme is now open and scheduled to close on Friday, 10 June 2022. The Fund …
Read More »Winners Emerge in the Stanbic IBTC Reward4Saving Promo Season 2
Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc has rewarded several of its new and existing customers with cash prizes of ₦100,000 in the maiden draw of the season 2 of its savings promo, Reward4Saving. The first draw of this season, which took place at the Stanbic IBTC Head …
Read More »Transcorp Hotels Plc pushes on with outstanding Q1 performance as PBT rises by 624.4% and revenue grows by 77.4%
…Hospitality giant reports revenue of N7bn and gross profit of N5.1bn ABUJA, NIGERIA – April 28, 2022 – Transcorp Hotels Plc, Nigeria’s top hospitality company and a subsidiary of Transnational Corporation Plc. (Transcorp Group) has ended Q1 2022 with an impressive result, reporting a 77.4% growth in revenue to N7.04 billion from N3.97 billion …
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