Fidelity Bank posts N25.1b H1 profit, proposes 10k interim dividend

Amid harsh operating environment, Fidelity Bank Plc has posted Profit Before Tax (PBT) of N25.1 billion for its half-year (H1) 2022 operations, against N20.6 billion achieved in the corresponding period in 2021. Specifically, an analysis of the bank’s half year performance showed that PBT rose by 21.6 per cent, from N20.6 billion to N25.1 billion, […]

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As terrorists consolidate grip on Kaduna

It is unfortunate that terrorists who have overran some parts of Kaduna State are currently consolidating their grips on the state by establishing a “parallel” government and “permanent operational base” in the North-Western State near Nigeria’s capital, Abuja. At the moment, it is said that Kaduna State has two governments: One, the Government of El-Rufai […]

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FG disburses N130m grant to 6,511 vulnerable persons in Katsina State

Photo: NAN The Federal Government began the disbursement of an N130 million grant to 6,511 vulnerable persons in the 34 local government areas of Katsina State on Thursday. Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar-Farouq, flagged off the disbursement. She said beneficiaries were selected through the Grant for Vulnerable Groups […]

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Bode George says Wike is fighting for justice as PDP crisis deepens

2023: Why PDP’ll retain, take over more states — Ayu Throwing his weight behind Governor Nyesom Wike of Rivers State in the fight to get Peoples Democratic Party, PDP, National Chairman, Dr. Iyorchia Ayu, to step down, former Deputy National Chairman, Chief Olabode George, has said Wike is fighting for justice. According to him, Wike […]

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Investors lose N283b in August amid uncertainty, low purchasing power

A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria. (Photo by Pius Utomi Ekpei / AFP) Analyst predicts gloomy outlook as uptick in fixed market persists Despite improved earnings and dividend announcements from listed companies, uncertainty in the global economy, coupled with prevailing macroeconomic challenges in the country, especially insecurity and low […]

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Nigerian economy gasps for breath as bandits, thieves, saboteurs lay siege

Bandits and banditry found their way into Nigeria’s mainstream media in an attempt to placate barefaced acts of terrorism. With such complicit negligence to reign of terror and attendant existential threats, terrorists have gained swathes of territories. Nigerians and virtually every sector of the economy are currently under siege – a situation compounded by the […]

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Stop borrowing, experts warn FG as debt profile hits N41.6tr

Govt owing 85% of Nigeria’s debt, says DMO Customs boss faults NNPC’s subsidy payment claims Says 36 million litres daily petrol consumption unaccounted for Teriba: Debt financing is policy option ‘Turn dead assets to cash flow, stop borrowing’ Increase revenue, block leakages to get out of trouble, Bismarck suggests Borrowing is burden if it won’t […]

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We’ll help PDP lose in 2023, Wike replies Ayu

George insists party chairman must come to South, calls on Obasanjo, IBB, Abubakar to prevail on Ayu to resign Jonathan can’t save you, PDP mocks Tinubu PDP to unveil campaign council next week The war of words between the Rivers State governor, Nyesom Wike and his party’s national chairman, Senator Iyorchia Ayu is not abating. […]

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