CBN releases financials of 8yrs, posts N65.6 billion profit last year

The Central Bank of Nigeria (CBN), yesterday, released the 2022 audited financial statement, showing a profit of N65.63 billion for the year. In the period, the Group’s performance recorded a profit of N103.85 billion. The performances were modestly higher than in 2021, when the group and bank’s accounts showed a profit of N75.13 billion and […]

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Despite Sanwo-Olu’s plea, compliance with transport fare reduction low

Despite the plea from Lagos State governor, Babajide Sanwo-Olu, for non-state-owned bus drivers to reduce transport fares by 25 percent and state-owned buses to reduce it by 50 percent, a monitoring tour by a team from the Lagos Ministry of Transportation yesterday revealed only partial compliance across all routes to the governor’s directive. During the […]

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Defiant Niger forms new govt as ECOWAS’ standby force ready for deployment

Cote d’Ivoire President, Alassane Ouattara (left); President, ECOWAS Commission, Omar Toure; ECOWAS Chairman/President Bola Tinubu; President Faure Gnassingbe Eyadema of Togo and President Macky Sall of Senegal; (second row) President Umaro Sissoco of Guinea Bissau; President Julius Maada Bio of Sierra Leone; President Patrice Talon of Benin Republic and President Nana Akufo-Ado of Ghana during […]

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Adeleke presents N2.1 billion bond to pensioners

Osun State Governor Ademola Adeleke in a group photograph with the pensioners displaying their bond certificates In his efforts at clearing outstanding arrears of the benefits of active and retired workers, Osun State Governor, Ademola Adeleke, on Thursday, presented bond certificates worth N2.1 billion to retirees under the Contributory Pension Scheme. The beneficiaries cut across […]

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CAN urges ECOWAS to explore dialogue not military intervention in Niger

The Christian Association of Nigeria (CAN) has beckoned on the Economic Community of West African States (ECOWAS) to keep exploring dialogue in resolving the crisis in the Republic of Niger. CAN president, Daniel Okoh, in a statement on Thursday also warned ECOWAS against opting for military intervention in Niger Republic while commending President Bola Ahmed […]

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World Athletics confirms Tobi Amusan will compete in Budapest if…

Tobi Amusan, the reigning World 100m hurdles champion will get the chance to defend her title in Budapest, Hungary if she is cleared of her whereabouts failures, World Athletics has declared. The world governing body for the sport has included the 26-year-old in the list of athletes that will compete for Nigeria but her participation […]

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Army to deploy troops for census

The Nigerian Army has assured the National Population Commission that it will deploy troops during the 2023 census. This, it said, is to enable the commission to conduct the forthcoming census successfully. The Chief of Army Staff, Lieutenant General Taoreed Lagbaja, pledged on Thursday when the Chairman National Population Commission, Nasir Kwarra, led the Board […]

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Obaseki/ Shaibu rift: APC not rehab centre for failed politicians, says Oshiomhole

A former governor of Edo State and Senator representing Edo North, Adams Oshiomhole, has said the All Progressives Congress is not a rehabilitation centre for failed, disgruntled and disloyal politicians. Oshiomhole was reacting to the news making the rounds that Edo State Deputy Governor, Comrade Philip Shaibu, was getting set to rejoin the APC after […]

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Nigerians spent N3.33tn on calls, data in 2022 — NCC

Nigerians and other telecommunication consumers within Nigeria spent N3.33tn on calls, data, SMS, and other telecom services in 2022, the Nigerian Communications Commission has said. This is as telcos made N3.33tn in total revenue for the year. The NCC disclosed this in its newly released ‘2022 Subscriber/Network Data Annual Report.’ According to the commission, the […]

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Communique from ECOWAS Extraordinary Summit on Niger sociopolitical situation

ECOWAS leaders The Economic Community of West African State, on Thursday, in Abuja, Nigeria, held the Second Extraordinary Summit on the Socio-Political Situation in the Republic of Niger. Below is the communique issued at the end of the meeting in Abuja. “The Authority having considered the memorandum presented by the President of the ECOWAS commission […]

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