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Bandits Attack Wedding Convoy in Katsina, Kill Two, Abduct Others

By Ayomide Otitoju  Suspected bandits have reportedly attacked a wedding convoy in Unguwar Nagunda community, Kankara Local Government Area of Katsina State, killing at least two people and abducting several others. The attack, which occurred on Sunday night, triggered heavy gunfire and panic among residents, according to a security source. The source said families were…

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Fidelity Bank Supports Makoko Schools with Learning Materials

By Ayomide Otitoju  Tier-one lender Fidelity Bank Plc has reaffirmed its commitment to community development and educational empowerment with the donation of essential learning materials to schoolchildren in the Makoko community of Yaba, Lagos, under its Fidelity Helping Hands Programme (FHHP). The outreach, facilitated by the bank’s Legal Services Division, saw the distribution of school…

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FG Proposes ₦1.096T for Power Sector in 2026 Budget

By Ayomide Otitoju The Federal Government has proposed ₦1.096 trillion for capital electricity projects in the 2026 appropriation bill, aiming to tackle long-standing challenges in Nigeria’s power sector, including inadequate generation, transmission bottlenecks, and distribution inefficiencies. According to a breakdown of the 2026 Appropriation Bill seen by Channels Television, the Rural Electrification Agency (REA) received…

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NDIC Declares ₦24.3B Payout for Heritage Bank Depositors

By Ayomide Otitoju The Nigeria Deposit Insurance Corporation (NDIC) has announced a second liquidation dividend of ₦24.3 billion for depositors of the defunct Heritage Bank Limited, targeting those with account balances above the ₦5 million statutory insured limit. According to the NDIC, uninsured depositors will receive 5.2 kobo for every ₦1 of their outstanding balances,…

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Eterna Plc Opens ₦21.52B Rights Issue for Existing Shareholders

By Ayomide Otitoju Eterna Plc has officially opened its ₦21.52 billion Rights Issue, a key milestone in its capital-raising strategy aimed at strengthening the company’s balance sheet and supporting business expansion. The offer comprises 978,108,485 ordinary shares of 50 kobo each, priced at ₦22.00 per share, and is expected to raise approximately ₦21.52 billion. Existing…

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NARD Suspends Strike Following VP Shettima’s Intervention

By Ayomide Otitoju The National Association of Resident Doctors (NARD) has suspended its planned nationwide strike following “significant progress” on its demands through sustained engagements with the Federal Government and other stakeholders. The decision was announced after a virtual Emergency National Executive Council (E-NEC) meeting on January 11, 2026, where the association reviewed developments on…

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