Nigerian banks are faced with low growth and a punitive cash reserve ratio of 27.5% at home. They are betting on the African Free Trade Zone to expand elsewhere on the continent. However, the profitability of their subsidiaries outside Nigeria is relatively average. Are they falling into an expansionary trap? A pastoral setting, an elegantly…
Manchester United have had an opening bid of £67 million ($95m) rejected for Jadon Sancho. The England international is one of Ole Gunnar Solskjaer’s top targets this summer after a deal failed to materialise for the 21-year-old last year due to a gap between the two sides over valuation. Solskjaer is still keen to strengthen…
DENMARK midfielder Christian Eriksen is “awake” in hospital after collapsing in the Euro 2020 match against Finland, said the Danish Football Association. The 29-year-old’s condition has been “stabilised”, according to tournament organisers Uefa. The game was suspended before half-time after the Inter Milan player fell to the ground and received emergency treatment on the field….
National Union of Postal and Telecommunication Employees (NUPTE) has said only the Nigeria Postal Service (NIPOST) has the right to collect stamp duty, and not the Federal Inland Revenue Service (FIRS). The union claimed the power to collect stamp duty given to FIRS is illegal. Speaking with reporters, President of NUPTE, Comrade Nehemiah Buba, said the union had…
The Labour Party at the weekend declared former banker Obiora Agbasimalo as its governorship candidate for the 2021 elections in Anambra State. The technocrat-turned-politician, who is contesting for the first in his career, was unanimously voted as the flag bearer at the party’s governorship primaries on Friday in the Nnewi area of the state. National…
By Gbenga Omokhunu Pegs pilgrims’ number at 60,000 residents NAHCON assures of prompt refund of intending pilgrims’ deposits Saudi Arabia announced yesterday that this year’s hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, due to the ongoing coronavirus pandemic. The announcement by the kingdom comes…
Borno State Governor, Prof. Babagana Umara Zulum, yesterday said Boko Haram fighters lure recruits with as low as N5,000. The governor also reveals how his government sustained the fight against insurgents in the state in the last two years. He made the revelations in his statewide broadcast to commemorate this year’s Democracy Day (June 12,…
Chief Executive Officer of Twitter, Jack Dorsey, on Saturday, tweeted the green-white-green Nigerian flag as the West African country marked its 2021 Democracy Day. Dorsey’s tweet, which was posted hours to the ongoing nationwide protests in Nigeria, has since attracted thousands of retweets. Many tweeps including known faces such as @HenshawKate and @mrfestusogun have since…
Solomon Odeniyi, Abuja The Federal Capital Territory Police Command on Saturday justified the decision by its men to disperse protesters at the Gudu Area of the nation’s capital, Abuja The PUNCH had reported that security men fired teargas canisters at the protesters in the area with many including a correspondent of The PUNCH running to…
