The Lagos State House of Assembly on Monday impeached its speaker, Mudashiru Obasa, for alleged gross misconduct and abuse of office. Although the details of his impeachment remain sketchy, Obasa has been embattled since December 2024 when a petition was filed by the Progressive Youth Movement of Ikeja, Lagos[Read More…]
Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree that boosted its footprint in sub-Saharan[Read More…]
An Ikeja Special Offences Court on Wednesday dismissed the application filed by the embattled ex-Governor of Central Bank, Godwin Emefiele, challenging the jurisdiction of the court to hear his case. The Economic and Financial Crimes Commission (EFCC) had filed a 26-count charge against Emefiele, for alleged misuse of office,[Read More…]
As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs while addressing the psychological and emotional well-being of their parents and caregivers. The first session[Read More…]
The Nigerian National Petroleum Company Limited (NNPCL) has invited former president Olusegun Obasanjo to visit the rehabilitated Port Harcourt and Warri refineries and witness firsthand the progress made in bringing the ailing national assets back to life. The NNPCL stated that the rehabilitation done at the 60,000 bpd Port[Read More…]
… Distributes school essentials to 1,000 students across 10 public schools in 5 states Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over[Read More…]
The Warri Refining & Petrochemicals Company (WRPC), has begun production at a capacity of 125,000 barrels per day. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, made this known on Monday during a visit to the facility. Addressing a team[Read More…]
…cements capital raise with full regulatory approval Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that[Read More…]
• Strengthens Banking Subsidiary’s Capital Position Beyond Regulatory Requirements Access Holdings Plc, has announced the successful conclusion of its Rights Issue, securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The Rights Issue involved the issuance of 17,772,612,811 Ordinary[Read More…]
President Bola Tinubu has reaffirmed his administration’s commitment to implementing tax reforms in Nigeria, stating that the reforms are irreversible. This declaration underscores the government’s determination to push through with the proposed changes, despite opposition from various quarters. President Tinubu in his maiden media chat held Monday in Lagos[Read More…]
