Oumar Sylla, known as Fonike Mengue, and Mamadou Billo Bah, prominent leaders of a citizens’ movement advocating for a return to civilian rule, were arrested on July 9. This development comes amid rising tensions and ongoing crackdowns on opposition voices by Guinea’s military-led government. Lawyers representing the detained leaders announced plans to protest these “arbitrary…
The Federation Accounts Allocation Committee (FAAC), chaired by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, convened in Abuja to distribute N1.354 trillion in revenue for July 2024. A communiqué issued by FAAC and signed by Bawa Mokwa, spokesperson for the Accountant General of the Federation, detailed the breakdown of the distributable…
Access Bank Plc has successfully signed a syndicate Tier II Facility agreement valued at N442.50 billion ($295 million) through the Dutch Entrepreneurial Development Bank, FMO. This landmark agreement, announced on Tuesday, marks the third collaboration between Access Bank and FMO, showcasing the profound trust and synergy between the two institutions. The agreement stands as the…
Pastor Williams Kumuyi, the General Superintendent of Deeper Life Bible Church, has refuted circulating rumors suggesting his relocation to the United Kingdom. Addressing the issue on the Cross River State Deeper Life Facebook page, Pastor Kumuyi clarified that he had traveled abroad for a crusade and conference, which due to time differences, could not be…
By Ayomide Otitoju First City Monument Bank (FCMB) has partnered with the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition programs. This initiative underscores FCMB’s commitment to promoting women’s empowerment and financial inclusion in Nigeria. The announcement of this collaboration was made during the installation ceremony of…
During his sold-out concert at Koko Camden in London, marking the fifth anniversary of his 2019 album “African Giant,” Grammy winner Burna Boy was honored with a prestigious plaque for achieving 2 billion streams. This accolade is a significant milestone in his career, highlighting his international acclaim, especially catapulted by the viral success of his…
By Ayomide Otitoju Dr. Adaora Umeoji, Group Managing Director/Chief Executive Officer of Zenith Bank, announced that the bank is on course to exceed N1 trillion in profit by the end of the 2024 financial year. She made this statement during the bank’s Capital Markets Day in Lagos, highlighting their strategic goals and achievements. Umeoji, who…
By Ayomide Otitoju Aliko Dangote, President of Dangote Group, announced plans to achieve a $30 billion revenue target by the end of 2025, which he believes will bolster the Nigerian naira. He made these remarks during a media tour of Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited on Sunday, emphasizing a strategy for…
By Ayomide Otitoju Jaiz Bank is set to increase its capital base to N70 billion by the end of 2024. The bank reaffirmed its commitment to becoming the center of Islamic banking in Africa. Chairman of the Board of Directors, Mustapha Bintube, disclosed this during a send-off ceremony in Abuja for 11 retired board members,…
