Daily Record

Abbey Mortgage Bank Set To Transition Into Regional Bank

Abbey Mortgage Bank Plc has announced plans to hold an Extraordinary General Meeting (EGM) on Friday, January 24, 2025, to seek shareholder approval for key resolutions pivotal to its strategic transition into a regional commercial bank. This was contained in the company’s notice to the Nigerian Exchange Limited seen by …

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UBA sends serious message to customers

The United Bank for Africa has told its customers in a special message that their debit cards may not work between 12:00am and 5:00 am on Sunday. In a message, the bank said that this could happen because of its scheduled routine maintenance on its card services. The bank said, …

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Tragedy as Lagos magistrate slumps, dies

A 58-year-old Lagos magistrate Olasanmi Ogunkanmi, has reportedly slumped and died the same night he returned from a three-week holy pilgrimage in Jerusalem. The Vanguard, however, also reports that another source claimed that Ogunkanmi who is also a pastor, only died in his sleep. According to the Vanguard report, Ogunkanmi, …

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N/Assembly reaffirms commitment to boost food security

The National Assembly Joint Committee on Agricultural Production and Services has reiterated its support for the National Agricultural Development Fund as part of its broader strategy to enhance food security in Nigeria. The Executive Secretary/CEO of NADF, Mohammed Ibrahim, said in a statement shared with our correspondent on Saturday. According …

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AMCON vows to recover N227bn from Arik Air

The Asset Management Corporation of Nigeria (AMCON) has said it is determined to recover N227 billion debt from Arik Air. The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on Friday in Lagos. According to him, AMCON’s plan to liquidate …

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Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn

The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion, …

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