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Rising from an emergency meeting of the Board of Directors on Tuesday July 25, Nigerian Exchange Group Plc (NGX Group) announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the first half (H1) of financial year 2023. This dividend, which is the first since the demutualisation […]
The Central Bank of Nigeria (CBN), yesterday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts of 440 individuals and companies. This was just as the CBN yesterday communicated to banks that it would resume the enforcement of the Loan-to-Deposit Ratio (LDR) policy effective July 31, 2023. However, citing key policy […]
The National Association of Resident Doctors (NARD) has declared a “total and indefinite strike action”. In a terse statement made available to Channels Television on Tuesday evening, the association representing resident doctors brought to light their pressing demands. The Resident Doctors Association has voiced their concerns, urging the government to address critical issues that affect […]
The Trade Union Congress of Nigeria, TUC, yesterday, gave the Federal Government a two-week ultimatum to conclude negotiations or face workers’ protest. The union’s president, Festus Osifoh, gave the ultimatum at a state of the nation press briefing in Abuja on Monday. Osifo said if no tangible policy measure to cushion the economic challenges brought […]
A federal high court in Lagos has granted bail to Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), in the sum of N20 million. In a ruling on Tuesday, Nicholas Oweibo, the presiding judge, said the charges against Emefiele are bailable. The bail was granted with one surety in like sum. Earlier, […]
The Ogun government has approved a cash palliative of N10,000 for each of its public servants and pensioners, as palliative to cushion the effect of the recent removal of fuel subsidy. Top on the list of palliatives is the approval of N10,000 for civil servants and pensioners every month, according to a statement by the […]
President Bola Tinubu has appealed to justices of the Presidential Election Petition Court (PREPEC) in Abuja to exclude the presidential candidate of the Labour Party (LP), Mr. Peter Obi, and his party in the event of any rerun presidential election, claiming that only him and the candidate of the Peoples Democratic Party (PDP), Alhaji Atiku […]
Atiku Abubakar, former Nigeria Vice President and presidential candidate of Peoples Democratic Party (PDP) has urged the Judiciary to do the right thing. Atiku told the Presidential Election Petitions Court that heavens would not fall if the court resolves that Bola Tinubu was unlawfully declared president and subsequently removes him from office. Atiku declared this […]
The Nigerian National Petroleum Company (NNPC) Limited said it has remitted N123 billion to the federation account for the month of June 2023. This is the first time in 18 months that the NNPC is remitting revenue to the federation account. This is as the Federation Allocation Account Committee (FAAC) said it distributed a total […]
In a recent development, the Federal Government of Nigeria has made an adjustment to the school fees for new students enrolling in Federal Government Colleges, commonly known as Federal Unity Colleges. According to a circular issued by the Office of the Director of Senior Secondary Education Department of the Federal Ministry of Education, with reference […]
