Shareholders of the United Bank for Africa Plc have praised the board, management and staff of the Bank on the impressive performance recorded over the past years and especially in 2023, culminating in the pay-out of N95,8bn as interim and final dividend for the 2023 financial year.The shareholders took turns to express their delight during…
Nigerian-British politician, Mrs Abigail Marshall Katung, has emerged as the first African Lord Mayor of Leeds, in the United Kingdom, and has been officially sworn in at a council meeting. Abigail Marshall Katung takes over the role from Al Garthwaite to become the city’s 130th lord mayor and the first person of African descent to…
The Minister of Power Adebayo Adelabu has highlighted recent strides in addressing the issues that have plagued Nigeria’s national power grid. Speaking on Friday at the ongoing Ministerial Sectorial Update, an initiative by the Federal Government to showcase ministerial achievements, Adelabu emphasised the absence of grid collapses over the past two months as a key…
Residents of Kano are fearful of potential chaos following the reinstatement of Muhammadu Sanusi II as Emir and his return to the palace. Sanusi replaced Aminu Ado Bayero, who was removed by the state government despite allegedly having the support of National Security Adviser Malam Nuhu Ribadu.Bayero has vowed to challenge his deposition in court…
The incident happened close to Haj Estate, where the deceased lived with his young wife and one daughter. It was gathered that the deceased, while on his way home, hit an okada man and his passenger and after stopping and making sure the accident victims were okay, decided to head home in the Haj Estate…
President Bola Tinubu has said that the past 12 months have been fulfilling for his administration despite the presence of some challenges that are being addressed frontally. According to the President, his administration has been able to stop Nigeria from bleeding which will propel it to prosperity. Tinubu spoke when he received a delegation of…
Eleven people including three foreigners were killed in an accident on Thursday at a major sugar factory in Tanzania, police said.The incident occurred in the pre-dawn hours as technical workers at the privately owned Mtibwa Sugar plant in the east of the country were preparing to restart production after a break, Alex Mkama, police commander…
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, ascwelk as several properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro made the order on Thursday following an ex-parte application by the Economic and Financial Crimes Commission…
The Central Bank of Nigeria (CBN) has banned street trading of foreign currencies by Bureau de Change (BDC) operators, citing the need to regulate the foreign exchange market properly. CBN’s director of risk management, Blaise Ijebor, said street trading of foreign currencies is not allowed as the apex bank does not want BDCs under trees…
The wreck of a U.S. Navy submarine that “sank the most Japanese warships” during World War II has been found in the South China Sea after being missing for nearly 80 years. The USS Harder, which vanished on Aug. 24, 1944, with 79 sailors onboard, has been discovered off Luzon island in the Philippines with…
