Amidst the falling standard of education in Nigeria is the succour from Danbo international Schools. For the good people of Kaduna state and environs, the name of the school which continues to ring bell is synonymous to qualitative education delivery. The school in the last four decades, to the satisfaction of parents, guardians and educationists, has become a force to Read More
The federal government has launched a technical board of directors for the development of institutes under the National Agency for Science and Engineering Infrastructure (NASENI) on Thursday in Abuja. Speaking, the Secretary to the Government of the Federation (SGF) Mr. Boss Mustapha said the board as a technical committee is to supervise the technical operations of the boards. “I have Read More
The persistent rise in prices of essential goods in Nigeria got attention of the House of Representatives Wednesday, as it resolved to constitute a special committee, to enable stakeholders on the development. The committee when constituted by the House’s leadership, is expected to among other things, launch an investigative hearing with all critical stakeholders in the country and carry out Read More
Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before tax which rose to N76.2 billion as Read More
Access Bank Plc has recorded impressive result at the of half year result, as profit after tax grew by 42.44 per cent. The bank result released yesterday showed that the profit rose from N61.035 billion reported the same period of last year to N86.936 billion. The profit before tax also moved toward positive direction, increasing by 31.21 per cent to Read More
The Late elder statesman Alhaji Ahmed Joda, who passed away on 13 August 2021, has been described by the chairman and management of Flour Mills of Nigeria PLC as one of the iconic titans of industry in Nigeria. A statement signed by Chairman of the FMN Group Mr John G. Coumantaros, said Alhaji Ahmed Joda who passed at the golden Read More
Sterling Bank Plc , has reported a profit after tax (PAT) of N5.691 billion for the first half of 2021. This represents an increase of 5.097 per cent compared with N5.415 billion recorded in the corresponding period of last year. The bank also reported gross earnings of N68.609 billion within the period under review against N66.541 billion recorded in the Read More
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital market after years of legal tussle. This was contained in a statement from SEC in Abuja. The commission in 2019 found Oando guilty of serious infractions, thereby barring Wale Tinubu, the company’s Chief Read More
Minister of Works and Housing Babatunde Fashola Thursday described the numbers of empty houses in the country as overwhelming just as he disclosed that the claim that the country has over 17 million housing deficits is not realistic. Fashola spoke in Abuja shortly after he inaugurated the newly reconstituted Board of Directors of the Federal Housing Authority, (FHA) under the Read More
The African Export-Import Bank (Afrexim) has disclosed its plans to support infrastructural development in Ogun state with an envelope of $200million. The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state. President and Chairman of the Board of Directors of the bank, Benedict Oramah, who made Read More
Custodian Investment Plc is launching a mandatory takeover offer to acquire 34,415,332 ordinary shares of 50 kobo each in UPDC PLC at the rate of N0.90 kobo per share. The Numbers of share to be acquired by the company represents 3.02 per cent of the total minority shareholdings of UPDC. The process of the transaction would enable Custodian to offering Read More
United Bank for Africa (UBA), the leading pan-African financial services institution, today announced the appointment of Mrs. Caroline Anyanwu to its Board of Directors, effective May 19, 2021. Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, taxation, credit risk and banking throughout her career Read More
Shareholders of Central Securities Clearing System (CSCS) Plc, have approved total dividend payout of N5.58 billion for the 2020 financial year. The amount translated to N1.17 kobo per share held by investors at the close of business May 10, 2021, representing an increase of 36.0 per cent year-on-year growth in return to shareholders, when compared to the N4.3 billion dividend Read More
Ratings agency Moody’s said it has placed First Bank of Nigeria (FBN) Plc on review for downgrade after the central bank sacked the board of the lender and its parent and appointed new directors. “The review will focus primarily on an assessment of evolving governance considerations at First Bank, specifically corporate governance developments,” Moody’s said in a statement. The Governor Read More
Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”. “We’re currently exploring ways of disposing the aircraft. We’re cognisant of the challenges of how to sell the aircraft [which is one possibility] but we’re exploring ways,” MAG’s group chief executive officer Izham Ismail said today at a media Read More
The Central Bank of Nigeria (CBN) Thursday sacked the board of First Bank and its subsidiary, First Bank Holdings over the removal of the Managing Director/Chief Executive of the bank, Dr. Adesola Adeduntan. According to the apex bank, the boards’ action has negative implications for the country’s financial market. For First Bank, the Chairman is Tunde Hassan-Odukale, Managing Director is Sola Read More
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