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Union Bank of Nigeria Plc has admitted it may be facing its worst nightmare yet after a Nigerian court awarded N1.49trn against the bank. The bank looks to the Supreme Court to upturn the judgment made by the appeal court. In the Union Bank’s ‘assessment of contingent liabilities’ contained in …

Airport The striking aviation unions on Tuesday vowed to have a total shutdown of the airports after seven days as they staged a procession to the international wing of the Murtala Muhammad International Airport (MMIA). Security operatives also took over the venue of the protest where the unions converged on …

The Central Bank of Nigeria (CBN) has fined Union Bank of Nigeria (UBN) Plc for breaching its regulation on cryptocurrency trading in the country. Union Bank was fined N200 million by the financial regulation for breaching the cryptocurrency regulation, Ripples Nigeria learnt on Wednesday. Recall that the central bank warned …

Moonbin Moonbin, a South Korean actor and member of the K-pop boy band Astro, has passed away at the age of 25. His music label Fantagio announced in a statement on Thursday. “Members of Astro and fellow artists and staff at Fantagio are deeply saddened and shocked as we mourn …

The United States and Mexico will bid to co-host the 2027 Women’s World Cup, the football federations from the two countries said on Wednesday. US Soccer and the Mexican Football Federation announced their plans one month before a May 19 deadline set by FIFA for hopeful host nations to formally …

Nigeria’s President-elect, Bola Ahmed Tinubu Nigeria’s President-elect, Asiwaju Bola Tinubu has called on police authorities to fully investigate all that transpired in the Adamawa governorship election given that attendant controversy. Last Sunday, there was drama in Yola when the Resident Electoral Commissioner (REC), Yunusa Hudu Ari, usurped the power of the …

Bags of rice. File photo Rising insecurity in the country, import ban and others factors have caused the price of one kilogramme of local rice to rise by 201.52 per cent in seven years, according to findings. This happened despite a multibillion naira funding support of the Central Bank of …

Despite strong economic headwinds, leading indigenous property management, investment, and development company, Afriland Properties Plc has reported an upward trend for the financial year ending 31st December 2022. The real-estate firm reported a 19% increase in revenue declaring a total revenue of N1.9billion from the total revenue of N1.6billion earned during …

World Bank building The World Bank has disclosed that Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing debt in 2022. This was according to the Macro Poverty Outlook for Nigeria: April 2023 brief released by the bank. …

The All Progressives Congress (APC) has won eight Assembly seats after Saturday’s supplementary elections in Kebbi State. The results were announced by the Collation officers of the eight constituencies at the respective collation centers. The constituencies are Arewa,Augie Gwandu, Jega,Kalgo, Koko Besse, Maiyama and Sakaba initially declared inconclusive after the Governorship and …