Sustainability in environmental practices is essential to protecting and rebuilding the planet, as stressed by the Union Bank. This call was made during an event organised in partnership with the Nigerian Conservation Foundation to commemorate 2024 World Environment Day. The programme held at the Lekki Conservation Centre in Lagos brought together various stakeholders, including environmental…
Fidelity Bank Plc will launch its N127.1bn capital raise via a public offer and rights issue on June 20, 2024. The lender stated that it had signed the necessary documentation to raise about N127.1bn from a public offer and rights issue to its existing shareholders to raise its capital base in line with the Central…
The Presidency stated, on Sunday, that President Bola Tinubu inherited a dead economy but was determined to resolve the nation’s economic crisis. It was reacting to a New York Times feature story titled “Nigeria Confronts Its Worst Economic Crisis in a Generation,” published on June 11. The feature, authored by Ruth Maclean and Ismail Auwal,…
There had been palpable fears that skirmishes might mar the Sallah celebrations, especially given the lingering Emirship tussle in the state. The state police command banned the Kano Durbar, following a clash of orders over the celebration. The Emir of Kano, Muhammad Sanusi and the deposed Emir, Ado Bayero, had asked the police for security…
Guaranty Trust Bank has dragged no fewer than 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor Borrowers Programme loan lingers. The 60 executives, including the chairmen, chief executive officers, directors, and company secretaries of the 13 banks are facing contempt proceedings…
In a statement released Sunday, a local investigative team said that the eight had been “illegally” transported in the cold-chain vehicle to the town of Hongzhuangyang. “The driver found eight people suffocating and unconscious in the car,” investigators said, adding that they were later declared dead. The driver and other “responsible persons” are being held…
Producing 100,000 barrels of oil per day is the goal of the Sangomar deep-water project, which started the nation’s oil production last week. A stand-alone floating production, storage, and offloading (FPSO) facility with a nameplate capacity of 100,000 barrels per day and subsea infrastructure that is intended to support further development phases are included in…
Shaibu claims that he, Okpebholo, and Labour Party (LP) member Olumide Akpata were the three homeboys who entered the governorship race. “I will support a homeboy. I came into politics to contest as the governor of Edo State because I need the government to return to homeboys – people who understand our plight, people who…
A small basket of tomatoes goes for about N35,000 in Lagos State while the price of pepper has also jumped, raising concerns among Nigerians. But Usman says the insecurity in the north is a major factor for the hike in the cost of the items. “The bone of contention, the real fact is just insecurity….
