The meeting on subsidy removal between the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the federal government of Nigeria has ended without an agreement. The meeting called by the federal government, was intended to reach an agreement with organised labour after President Bola Tinubu’s announcement that petrol subsidy would cease to be in […]
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After a thrilling 1-1 draw at the Puskas Arena, Spanish club, Sevilla won their seventh UEFA Europa League trophy after beating AS Roma in a penalty shootout in Wednesday’s final in Budapest. The Seville-based side won a record-extending seventh Europa League crown, maintaining a record of not losing in the final of the competition. Paulo […]
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Former governor of Anambra state and presidential candidate of the Labour Party, Peter Obi, has said the Dangote Petroleum Refinery and Petrochemicals will be beneficial to the country’s economy. Recall that President Muhammadu Buhari, inaugurated the refinery, which is currently the world’s largest single-train petroleum refiner, in Lagos State on Monday. Top government officials from […]
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
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Italian footballing giant, Juventus has been handed a deduction of 10 points in Serie A after the verdict from the Federal Court of Appeal following their recent financial scandal. As it stands, Juventus are now 7th position in the Serie A table and have fallen outside of a European spot. Juventus incurred a deduction of […]
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The Nigerian Senate has directed its Committee on Interior to urgently investigate the circumstances leading to the delay of issuance and renewal of the Nigeria passport by the Nigerian Immigration Services. The Upper Chamber also mandated the committee to investigate the contract award for the production of passports and revert to it on the findings […]
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A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents. There’s no suggestion that President-elect Bola Tinubu […]
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Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding period […]
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Shareholders of United Bank for Africa (UBA) Plc have approved the Board’s proposal to pay a dividend of N1.10 per share for the financial year ended December 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) which was held virtually on Thursday, April 27th. The bank had earlier […]
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Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s largest diversified conglomerate, with investments in Power,Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023. The call discussed Transcorp’s Full Year 2022 and Q1 2023 financial results and provided an outlook for the rest of the year. Joseph Adegunwa, the Group’s […]
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