By Ayomide Otitoju The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has declared Saturday, March 1, 2025, as the first day of Ramadan 1446AH, following the sighting of the new moon across various parts of Nigeria on Friday. Announcing the commencement of the holy month, the Sultan stated that reports of the moon sighting were…
By Ayomide Otitoju The Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has accused Senate President Godswill Akpabio of sexual harassment. Akpabio has denied the allegation through his media consultant, Kenny Okulogbo. Akpoti-Uduaghan made the claim in an interview with Arise Television on Friday, alleging that Akpabio blocked her motions in the Senate after she rejected his…
By Ayomide Otitoju The Federation Account Allocation Committee (FAAC) has distributed ₦1.703 trillion among the federal, state, and local governments for January 2025. According to a communiqué issued after the February FAAC meeting in Abuja, the total distributable revenue consisted of ₦749.727 billion in statutory revenue, ₦718.781 billion in Value Added Tax (VAT), ₦20.548 billion…
Soviet chess grandmaster Boris Spassky, best known for his legendary 1972 World Chess Championship match against American Bobby Fischer, has died at the age of 88, the Chess Federation of Russia confirmed on Thursday. Describing his passing as a “great loss to the country,” the federation noted that generations of chess players had studied his…
By Ayomide Otitoju Nestlé Nigeria Plc has made an early repayment of $20 million in inter-group foreign exchange debt, underscoring its financial discipline amid ongoing economic challenges. In a statement filed with the Nigerian Exchange on Thursday, the company announced that the repayment was made ahead of schedule as it continues to navigate the impacts…
By Ayomide Otitoju The Federal Government has signed a strategic partnership agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to position Nigeria as a major player in the $7.7 trillion global halal market. At the signing ceremony in Saudi Arabia on Wednesday, Vice President Kashim Shettima described the agreement as a “game-changer” that aligns…
By Ayomide Otitoju Lafarge Africa Plc has reported a profit after tax of N100.1 billion for the 2024 financial year, marking a 96% increase from N51.1 billion recorded in 2023. The cement manufacturing giant also posted a 72% revenue surge to N696.8 billion from N405.5 billion in the previous year. According to its audited financial…
By Ayomiide Otitoju MTN Nigeria has reported a N400.44 billion loss after tax for the 2024 financial year, citing naira devaluation and foreign exchange losses as key factors affecting its earnings. The loss, disclosed in its audited financial statements released Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. With over…
By Ayomide Otitoju In a significant boost to education in Abia State, Stanbic IBTC has completed a comprehensive renovation of Ibeku High School in Umuahia, furthering its nationwide Adopt-A-School initiative. The transformation, which has significantly improved learning conditions for 720 students and 52 teachers, underscores the financial institution’s commitment to modernizing educational facilities across Nigeria….
