Fitch Ratings has downgraded Union Bank of Nigeria Plc (UBN) Long-Term Issuer Default Ratings (IDR) to ‘CCC’ from ‘B-‘ and its National Long-Term Rating to ‘B+(nga)’ from ‘BBB(nga). Union Bank of Nigeria’s viability rating (VR) has also been downgraded to ‘ccc’ from ‘b-‘, according to Fitch. The downgrades reflect the Fitch-estimated prolonged …

Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. …

The Kano State Government has filed a fresh fraud charge against the immediate past governor of the state, Dr Abdullahi Ganduje, his Commissioner for Local Government, Murtala Garo, and two others. According to the charge sheet, Garo, Lamin Sani and Muhammad Takai were charged with criminal conspiracy, criminal breach of …

The African continent is poised to declare a Public Health Emergency of Continental Security as the Mpox (Monkeypox) outbreak continues to spread across many countries. Dr Jean Kaseya, Director General of the Africa Centre for Disease Control, said this during a webinar on Thursday on the Mpox outbreak situation in …

The National Working Committee of the Peoples Democratic Party, on Thursday, constituted the State Caretaker Committee for the Ondo State chapter of the party. This was according to a statement obtained by our correspondent and signed by the National Publicity Secretary of the party, Debo Ologunagba. The statement noted that …

• Protesters held Sunday service at the Old Airport roundabout during the on-going #EndBadGovernance in Jos… on Sunday. Photo: NAN   As the #EndBadGovernance nationwide protest fizzles out, many Nigerians, especially in the north, will live with the wounds, scars and financial losses for a long time to come. The …

E-commerce platform, Jumia Technologies AG, has reported a reduction of its operating loss by eight per cent year-over-year to $20.2m despite economic challenges. In a statement, Jumia explained the impact of the volatile economic landscape on its operations, including a decline in revenue and a slight decrease in gross merchandise …

Former President of the Confederation of African Football (CAF), Issa Hayatou died on Thursday at the age of 77. Hayatou was CAF president between 1988 and 2017. CAF President, Dr Patrice Motsepe mourned the demise of Hayatou, saying he is saddened by the passing of former CAF President. Motsepe said: …

The Lagos State Environmental Sanitation Corps (LAGESC) has said it will constitute a taskforce to help tackle the menace of street trading across the state. Major Olaniyi Olatunbosun Cole (Rtd), LAGESC Corps Marshal, announced this during a periodic stakeholder engagement with Lagos Central Senatorial District stakeholders, aimed at seeking the …

Miss SA Probe: Chidimma Adetshina’s mum accused of identity theft, fraud The South African Department of Home Affairs (DHA) has released preliminary findings regarding an investigation into the nationality of beauty queen Chidinma Adetshina. Chidinma, a Nigerian-born model, recently faced controversy over her eligibility for the 2024 Miss South Africa …