By Ayomide Otitoju FCMB Group Plc has forecast gross earnings of N226.93 billion for the first quarter ending March 31, 2025. The projection, outlined in its earnings forecast filed with the Nigeria Exchange, highlights an expected interest income of N197.4 billion, with interest expenses pegged at N101.99 billion, resulting in a net interest income of…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced that the rehabilitation of the 150,000 barrels per day (bpd) Port Harcourt Refining Company (PHRC) has surpassed 90% completion. This update was provided by the Group Executive Vice President, Downstream, Isiyaku Abdullahi, during a facility tour on Monday by labour leaders from the…
By Ayomide Otitoju Dangote Sugar Refinery Plc has unveiled a plan to raise N50 billion from investors in the debt capital market through the issuance of Series 6 and Series 7 commercial papers, under its N150 billion debt programme. According to Market Watch, the Series 6 commercial paper has a 180-day tenor, offered at a…
The beloved world of J.R.R. Tolkien returns to the silver screen this December with a fresh twist. The War of the Rohirrim, a Japanese anime-style prequel to The Lord of the Rings, hits theaters on December 13, delving into human drama rather than mythical beings. Set nearly 200 years before the events of Peter Jackson’s…
Deputy Minority Leader of the House of Representatives, George Ibezimako Ozodinobi (LP, Anambra), has expressed disappointment over the defection of four Labour Party (LP) lawmakers to the ruling All Progressives Congress (APC). The defectors—Chinedu Okere (Owerri Municipal/Owerri North/Owerri West Constituency), Mathew Donatus (Kaura Federal Constituency, Kaduna), Akiba Bassey (Calabar Municipal/Odukpani Constituency), and Esosa Iyawe (Oredo…
The Nigeria Civil Aviation Authority (NCAA) has called on air travelers to better understand their rights and responsibilities amid challenges faced at airports. Michael Achimugu, the NCAA’s Head of Consumer Protection, made this appeal during a sensitization road walk held on Saturday in Port Harcourt, Rivers State. Achimugu emphasized the need for awareness, particularly during…
The United Kingdom has issued approximately 300,000 new visas to Nigerians in the past two years, according to British High Commissioner to Nigeria, Richard Montgomery. He described the relationship between both nations as robust and mutually beneficial, particularly in the post-Brexit era. Speaking on Monday during an interview on Channels Television’s Sunrise Daily, Montgomery countered…
By Ayomide Otitoju The Federal Government has reaffirmed its commitment to addressing food security as a cornerstone of President Bola Tinubu’s administration, highlighting several initiatives aimed at combating hunger and ensuring agricultural development. Minister of State for Agriculture and Food Security, Aliyu Abdullahi, stated on Monday during an appearance on Channels Television’s Sunrise Daily that…
World powers have pledged to work towards stability in Syria and its neighboring regions following the overthrow of longtime ruler Bashar al-Assad by Islamist-led rebels on Sunday. Below are key international reactions to the dramatic development: Russia: High AlertAssad’s staunch ally, Russia, announced that its troops in Syria remain on high alert, though rebels have…
