archiveJuly 2023

  The International Monetary Fund (IMF) has declared its support for the President Bola Tinubu-led federal government’s palliatives to Nigerians to help them cope with economic constraints due to the removal of petrol subsidy. IMF’s Director, Communication Department, Julie Kozack, said the international monetary body welcomes the recent removal of...

The Presidential Election Petition Court (PEPC) in Abuja has reserved judgment in a petition filed by the Allied Peoples Movement (APM) challenging the election of President Bola Tinubu. The APM petition, which was filed on March 15, 2023, alleges that Tinubu’s election was invalid because his vice presidential running mate,...

Standard Chartered has agreed to sell its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank, the subsidiary of Access Holdings. The deal between Access Bank and Standard Chartered will enable the Nigerian financial institution to bridge the gap between cross-border and domestic transfers across all business segments....

President Bola Tinubu, on Thursday, in Abuja, declared a state of emergency on food security. Tinubu also approved that all matters pertaining to food and water availability and affordability, as essential livelihood items, be included within the purview of the National Security Council. This is followed by an immediate release...

The Department of State Services (DSS) has charged former Central Bank of Nigeria (CBN) Governor Godwin Emefiele to court. Emefiele was suspended from office by President Bola Tinubu in June 2023 on suspicion of financial crimes, including terrorism financing and money laundering. He was subsequently arrested by the DSS. In...

The Constitutional Court has dismissed an application by the Department of Correctional Services, which wanted to appeal the ruling that effectively sent former South African president Jacob Zuma back to prison to finish his sentence. His jailing sparked the July 2021 unrest that saw KwaZulu-Natal and Gauteng businesses looted and...

Polaris Bank, Nigeria’s leading digital retail bank, has received immense commendation from Small and Medium-sized Enterprises (SMEs) and customers for its invaluable sponsorship of The Fashion Souk event. Without a doubt, this commitment to enterprise growth has earned appreciation and testimonials from fashion enthusiasts, industry experts and style icons at...

President Bola Ahmed Tinubu has hailed Nobel Laureate and elder statesman Prof. Wole Soyinka on his 89th birthday. In a statement on Thursday, Tinubu described him as a veritable source of support, inspiration, and encouragement. The President, who called Professor Soyinka a brother and comrade in the struggle to restore...

The Governorship Election Petition Tribunal in Ibadan on Thursday dismissed the petition filed by the Allied Peoples’ Movement (APM) against the March 18 victory of Governor Seyi Makinde of Oyo State. APM had challenged the Independent National Electoral Commission (INEC) declaration of Makinde of the Peoples Democratic Party as the...

United Capital Asset Management Ltd., a subsidiary of United Capital Plc,has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria. T According to the company, the campaign seeks to encourage women to develop a healthy investing culture, increase women’s participation in Nigeria’s capital markets, and...