TAJBank Limited says its recent N10 billion Sukuk, a non-interest bond, listed on the the Nigerian Exchange Limited, was informed by the growing market yearnings for Halal investment instruments. A statement from the Bank said the latest N10bn Mudarabah Sukuk issuance is second in the series after it successfully raised N11.4 billion under its N100bn…
The West African Elders’ Forum (WAEF) has deployed a pre-election fact-finding mission to Sierra Leone, ahead of the country’s general elections scheduled for June, 2023. The WAEF team which is led by former President Chief Olusegun Obasanjo also has former President Dr. Goodluck Jonathan and former Vice President of The Gambia Fatoumata Tambajang as members,…
The Advertising Regulatory Council of Nigeria said it was weighing sanction for FrieslandCampina WAMCO, producers of Peak Milk, and other companies for publishing adverts without obtaining approval from the council. The council made disclosure on Tuesday against the backdrop of a provocative Easter advert by makers of Peak Milk. ARCON said there would be sanction…
The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023. According to latest gas flare data by the National Oil Spill Detection and Response Agency, the companies operating onshore will pay the…
License to Posses and Purchase Minerals, Evidence of Payment of Royalty, Mineral Title
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in 2022. Mr Malpass said this in his Opening address at the ongoing Spring Meetings 2023 Media Call, a copy of which was obtained by the News Agency of…
An Ota Magistrates’ Court in Ogun, on Tuesday, sentenced a 22-year-old Point Of Sale, POS, operator, Salawudeen Ayomide, to three months imprisonment for stealing N120,000 belonging to her employer. The police charged Ayomide whose address was not provided with theft following her guilty plea. In her ruling, A. O. Adeyemi, gave the convict an option…
FrieslandCampina WAMCO, says it has withdrawn its ‘insensitive’ social media post and apologised to Christians for its recent Good Friday post on the Peak brand’s social media handle. “We hereby restate our commitment to our unwavering mission of nurturing Nigeria while maintaining the respect of all religious laws, tenets and guidelines, stated the company. “Once again, please…
President Muhammadu Buhari will travel to Saudi Arabia on official visit from Tuesday, 11 April to 19 April, his office has said. Presidential spokesperson Garba Shehu in a statement described the trip as the president’s “last trip to the Kingdom as President, during which he will perform Umrah, the Lesser Pilgrimage.” He will be accompanied by his…
The Cinema Exhibitors Association of Nigeria, CEAN, said it generated N441 million from tickets sold across the country in March. The National Chairman of CEAN, Mr Opeyemi Ajayi disclosed this while speaking with the News Agency of Nigeria in Lagos. Ajayi said the total admission of viewers into cinemas across the federation, for the period under review…
