The Federal High Court in Lagos has granted Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), bail 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. Emefiele had pleaded not guilty to the two-count charge bordering ...

The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The announcement made at a press conference held in Lagos, Nigeria, also featured an official announcement of the 10th and 11th of August 2023 as dates for the event ...

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been trading above the N5.00 mark since February 2023. “Rule 15.29 ...

The management of the University of Lagos has confirmed an increment in the tuition fees of the undergraduate students of the institution. The management noted that the increment in fees had become imperative given the prevailing economic realities of the nation and its obligations to its students, staff, and service providers. This was contained in a statement made available to ...

The Federal Government through the Federal Ministry of Education has increased the school fees of new students into Federal Government Colleges otherwise known as Federal Unity Colleges to ₦100,000. This was contained in a directive from the Office of the Director of Senior Secondary Education Department of the Federal Ministry of Education, reference number ADF/120/DSSE/I, dated 25th May, 2023, and ...

FBN Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBNHoldings disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange. The increase in second-quarter profits helped its half-year profit before tax to rise by 213% compared to N65.7 billion in the same period last year. This ...

The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has donated the sum of N500,000 to veteran Nollywood actor, Charles Olumo Aka Baba Agbako and placed him on life salary to celebrate his 100th birthday. This was done at an event held in Abeokuta today Thursday, 20th Of July, 2023. The event which was to decorate Primate Ayodele as ...

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved ...

The Nigerian National Petroleum Company Limited (NNPCL), on Tuesday, explained that the sudden surge in the price of premium motor spirit (PMS), also known as petrol, was the function of market forces. Petrol pump price, as observed in the Federal Capital Territory (FCT), Abuja, jumped from N540 to N617 per litre.⁣ The Group Chief Executive Officer (GCEO) of the NNPCL, ...

President Bola Tinubu, on Tuesday, said his administration will review its earlier plan to distribute monthly cash grants of N8,000 to 12 million households for six months as part of efforts to assuage the hardship occasioned by fuel subsidy removal. This followed public criticism of the policy with organised labour saying it falls far from the level of intervention required ...