Former Governor of Benue State, Gabriel Suswam, has lost the Benue North Senate seat on Wednesday at the Court of Appeal sitting in Abuja. Suswam, who was earlier declared winner of the Election held on February 25 by the Benue State National Assembly Election Petitions Tribunal, have lost to Mr. Emmanuel Udende of the All…
Amid increasing inflation and dwindling purchasing value of Nigeria’s Naira, one of the country’s capitalized leading banks, Zenith Bank Plc reported N505bn profit after tax for the third quarter ended September 2023. This was revealed in the lender’s unaudited third-quarter financial results filed with the Nigerian Exchange Limited. According to the financial group’s Q3 results, …
Again, CBN denies plan to redenominate naira The Central Bank of Nigeria has denied reports claiming it plans to redenominate the country’s local currency. The Director, Corporate Communications, CBN, Isa AbdulMumin, said this in a statement titled, ‘No plan to redenominate the naira’, on Tuesday. AbdulMumin said, “The attention of the Central Bank of Nigeria…
Nigerian Exchange Group reports N1.22bn profit after tax for Q3, 2023 Nigerian Exchange Group has reported a N1.22 billionn profit after tax for third quarter 2023, according to the Group’s audited records released on Tuesday. The profit surge represents a 606.2 per cent compared to N172.7m in the same period of 2022. In the unaudited…
Wildlife trade: Customs intercepts N680mn animal parts in waterways The Nigeria Customs Service, Eastern Marine Command, has made a significant breakthrough in combatting illicit wildlife trade by intercepting a substantial quantity of pangolin scales, elephant tusks, and sacks of used secondhand shoes. Showcasing the seizures on Tuesday, 24th of October 2023, in Port Harcourt Rivers…
Tinubu appoints 9 new INEC resident commissioners President Bola Ahmed Tinubu has approved the appointment of nine Resident Electoral Commissioners (REC) of the Independent National Electoral Commission (INEC). The new appointments were made known in a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Wednesday, October 25, 2023….
Sanwo-Olu inaugurates GAC car assembly plant in Lagos Governor Babajide Sanwo-Olu of Lagos State on Wednesday inaugurated GAC Car Assembly Plant in the State as part of efforts towards addressing transportation challenge and strengthening industrialisation. The Governor, made the disclosure via his verified Facebook page, the partnership between Lagos State and CIG Motors represents a…
Group challenges Fintri, others to copy Yusuf’s big strides in Kano Envious of developmental strides in Kano State, youth under the aegis of North East Youth Progressive Union and Coalition for Democratic Rights Group have challenged Governor Ahmadu Umaru Fintri of Adamawa State and other governors in the North to copy Governor Abba Kabir Yusuf’s…
UK court quashes P&ID’s $11bn damages suit against Nigeria Judge Robin Knowles of the Business and Property Court in London on Monday ruled in favour of Nigeria in a $11 billion suit between the federal government of Nigeria and Process & Industrial Developments (P&ID) Ltd. Nigeria managed to reverse an $11 billion damages ruling on…
Tinubu okays waiver of no-work-no-pay order on ASUU, doctors Invoking the Principle of the Presidential Prerogative of Mercy, President Bola Tinubu on Friday approved the partial waiver of the “No Work, No Pay” Order that was instituted against striking members of the Academic Staff Union of Universities (ASUU). Salary of ASUU members were withheld following…
