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Nigeria’s federal government has instructed banks with majority shares in the country’s six electricity distribution companies (DisCos) to divest within 12 months. Abubakar Aliyu, Minister of Power, who gave the ultimatum, said the government was monitoring the operations and divestment process of the six DisCos to ensure compliance with the …

Muhammadu Buhari Muhammadu Buhari, Nigeria’s president, says he has done his best for Nigerians. Buhari stated this while welcoming the secretary general of the Abu Dhabi Forum, Sheikh Al-Mahfoudh Bin Bayyah and his deputy, Pastor Bob Roberts of the U.S., who visited him in Washington, according to a statement by …

‘You Have No Right To Force Employers To Resign,’ A father of four, Mr. Sonny Ekedayen has received justice against the Bank of Industry after his appointment was wrongfully terminated by the bank in 2015. Ekedayen, who got justice after suing the bank in Suit No NICN/LA/569/2015, claimed that he …

Sonde claimed that when he demanded the blackmailer to send him a copy of the video which he obliged him, it was a video of him (Sonde) alone in his bedroom. Popular broadcaster and owner of YES FM radio, Ibadan, Oyo State, Mr Yemi Sonde, has cried out to the …

Wema Bank, one of Nigeria’s most innovative banks, emerged the overall winner in the just concluded 2022 edition of the Nigeria Bankers Games with a record-breaking 22 medals. At the end of the games, reputed as the most prestigious sporting competition in the Nigerian banking industry, the bank stood at …

A property development company, The Address Homes, has commended the drive by the Lagos State Government to tackle quackery and fraudulent activities in the real estate sector, describing the just-concluded 3rd Real Estate Market Place Conference and Exhibition as a huge platform created to deepen professionalism in the industry. The …

December 12, 2022, Washington D.C.: About 300 entrepreneurs, investors, and celebrities took part in the opening reception for the US-Africa Leaders Summit, the investment-focused “Innovators Gathering”, honoring the influx of two-way investment and trade opportunities set to be announced at the U.S.-Africa Leaders Summit. The Innovators Gathering: Investing in U.S.-Africa Cultural …

  Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.  The company had earlier indicated an interest in undergoing a share buyback programme, in respect …

  Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, has announced the NGN19.997 billion Series III offer (the “Series III Issuance”) under its Stanbic IBTC Infrastructure Fund (the “Fund”) NGN100 billion Programme. The offer opened on Friday, 25 November 2022 and is scheduled to close on Wednesday, 21 …

The Federal Capital Territory Administration (FCTA) has revealed plans to establish Zonal offices to curb the indiscriminate sale of land by local chiefs in the territory. The Mandate Secretary, Area Service Council Secretariat, Alhaji Ibrahim Dantsoho, made the disclosure in an interview on Sunday in Abuja. Dantsoho stated that FCTA …