News
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A High Court in Abuja has nullified the arrest, detention and interrogation of the Suspended Central Bank Governor (CBN), Godwin Emefiele, by the Department of State Services (DSS). This is coming barely 24 hours after a Federal Capital Territory (FCT), Abuja, delivered a related judgement on the matter. In a judgment upon an Originating Motion […]
Access Bank Plc, the primary subsidiary of Access Holdings, has successfully finalized its acquisition of a majority stake in Finibanco Angola S.A., an Angolan entity. This significant milestone was disclosed in a notice submitted to the Nigerian Exchange Limited on Thursday. The agreement to acquire Finibanco Angola S.A. was initially announced by Access Holdings on […]
In a strong display of commitment, Nigeria has once again affirmed its dedication to fulfilling its debt service obligations. On Wednesday, the government successfully repaid a $500 million Eurobond that was borrowed in 2013 during the tenure of former President Goodluck Jonathan. A press statement released by the Debt Management Office confirms that the Eurobond, […]
President Bola Tinubu has sent a letter to the National Assembly, requesting an amendment to the 2022 supplementary appropriation Act. The purpose of this amendment is to enable the Federal Government to access N500 billion in order to provide palliatives that will help mitigate the impact of subsidy removal. During the plenary session on Wednesday, […]
During an online meeting with the Nigerian-American Coalition for Justice and Democracy, Mr. Julius Abure, the National Chairman of the Labour Party, revealed that he had received information about the All Progressives Congress (APC) making preparations for a potential re-run of the 2023 presidential election. Abure urged members of the Labour Party to remain vigilant. […]
In a tweet on Tuesday, Femi Adesina, a former spokesman for ex-President Muhammadu Buhari, suggested that the Bishop of the Catholic Diocese of Sokoto, Matthew Kukah, may still hold resentment towards Buhari for not appointing him as Nigeria’s President. Adesina’s tweet came shortly after Kukah made remarks stating that Nigerians had witnessed a severe phase […]
The House of Representatives has called upon the National Universities Commission (NUC) to suspend the implementation of the tuition fee increase in universities. This request was made during a motion put forward by Aliyu Sani Madaki. Madaki highlighted that several universities, including Bayero University, Kano; the University of Nigeria, Nsukka; the University of Uyo; University […]
Ecobank Nigeria Limited has urged First Bank Nigeria (FBN) Holdings to reject the acquisition of shares by Oba Otudeko, the former chairman of Ecobank, due to an alleged debt of N13.5 billion. This development arises just a few days after Otudeko’s affiliated company, Barbican Capital Limited, acquired a 13 percent stake in FBN Holdings, consequently […]
The Nigerian Exchange Limited (NGX) has officially announced the suspension of trading in the shares of seven companies. This notification was made through a press release provided to Nairametrics. According to the NGX, effective from today, Friday, July 11, 2023, the seven companies have been suspended from trading on the facilities of the Nigerian Exchange […]
The House of Representatives has made a request to the Central Bank of Nigeria (CBN) to temporarily suspend the implementation of the directive instructing banks to collect and verify customers’ social media handles. This decision was reached during the plenary session on Tuesday following the approval of a motion sponsored by nine lawmakers. The motion […]
