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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FirstBank clarifies misleading reports, reassures customers of Gold Standard Banking Services

Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. As a responsible and law-abiding corporate citizen of Nigeria with utmost respect for the courts, FirstBank will not be able to offer comments on issues which are pending …

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‘I have no regret,’ says suspect caught with girlfriend’s severed head

Timileyin Ajayi, 32, has been remanded in the custody of the Criminal Investigation Department of the Nasarawa State Police Command in Lafia, the state capital for the alleged murder of a 24-year-old corps member, Salome Adaidu. Adaidu, who was serving in Abuja, was reportedly killed during a visit to Ajayi’s residence in the Papalana area of New Karshi, Karu Local …

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Why we dragged Naomi, Oriyomi, Fasasi to court over stampede – Oyo AG

Oyo Attorney General and Commissioner of Justice in Oyo State Abiodun Aikomo has justified the decision to file a fresh charge against Olori Naomi Silekunola, Alhaji Oriyomi Hamzat and Abdulahi Fasasi. He said the government is concerned about justice and hope for victims of the incident by pressing the fresh 18 count charges against the defendants. Before the new charge, …

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