Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn

The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion, or 0.09 per cent rising from N62.257 trillion at the …

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Fidelity Bank Strengthens Leadership with New Board Appointments

In a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank of Nigeria’s (CBN) approval to appoint Alhaji Abdullahi Sarki Mohammed as …

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Governors reject increase in VAT

The Nigeria Governors’ Forum (NGF) has rejected the move to increase Value Added Tax (VAT). Rising from a meeting in Abuja on Thursday, the governor said the move is untimely. The governors also expressed support for the ongoing legislative process of the Tax Reform Bills. Last year, Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said the committee …

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Alleged N1.96bn Fraud: Court Slates Jan 31 for Ex- AGF’s Trial

Justice James Omotosho of the Federal High Court, Maitama, Abuja has fixed January 31, 2025 for the trial of the former Acting Accountant General of the Federation, AGF, Anamekwe Nnabuoku for alleged multiple financial fraud to the tune of N1.96billion. Nnabuoku was on Wednesday, January 15, 2025, arraigned by the Economic and Financial Crimes Commission, EFCC on an amended nine-count charge, bordering on criminal conspiracy, …

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Petrol Production At Dangote Refinery Affecting European Market — OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe. In its Monthly Oil Market Report published on January 15, 2025, the global body said with the refining efforts of the Lagos-based refinery, gasoline volumes produced in the international markets would have …

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Gani Adams confers Akinjagunla Aare Onakakanfo of Yorubaland title on Dr Adedipe Ewenla

Yusuf Muhammed Prince AMB (Dr) Adedipe Dauda Ewenla is now the Akinjagunla Aare Onakakanfo of Yorubaland. Iba Gani Abiodun Ige Adams, the 15th Aare Onakakanfo of Yorubaland conferred the title on him during the 7th year anniversary of the comferment of the title of Aare Onakakanfo of Yoruba land on the 13 January, 2025. Adams said he chose the day …

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