FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with gross earnings of N359.2 billion. The company stated this in a statement on Friday in Lagos. The gross earnings indicated an increase of 22.4 per cent when compared with N293.4 billion recorded in the preceding period of 2021. It also recorded a profit before tax of N65.7 billion from N45.2 billion achieved in the corresponding period of 2021, an increase of 45.3 per cent. The company’s profit for the period stood at N56.5 billion against N38.1 billion posted in the comparative period of…
Author: Newsdesk
Operatives of the Economic and Financial Crimes Commission (EFCC) operatives on Friday raided Wuse Zone 4, home to most bureaux de change in Abuja. The raid, conducted on other locations across the country, was undertaken days after the CBN blamed currency speculators of exacerbating the crash of the naira against the dollar and other foreign currencies. An authoritative source at the commission said in Abuja that the raid was a product of weeks of covert operation. “The idea is to dislodge currency speculators who are massively mopping up all available foreign currencies. “The raid was a product of weeks of surveillance…
Nigeria’s human rights activist and Senior Advocate of Nigeria (SAN), Femi Falana has revealed that the Peoples Democratic Party (PDP) dragged other political parties in Rivers state to court over primaries is because PDP wants to be sole contestant in the 2023 elections. Representing the Social Democratic Party (PDP) in a suit filed against the PDP and its candidates in Rivers state, Falana who spoke with journalists after the adjournment of the matter in a Federal High Court in Port Harcourt on Friday. The PDP in three separate suits against the Independent National Electoral Commission (INEC), Accord, SDP, Labour Party…
The Sokoto state government has declared Monday, August 1 as a work-free day to mark the commencement of the Islamic New Year. The state governor, Aminu Tambuwal made the declaration in a statement he personally signed on Friday in Sokoto. “After due consultation with the Sultan of Sokoto, Alhaji Sa’ad Abubakar, on the citing of the new moon which heralds the new Islamic month and year today, I hereby declare Monday, Aug. 1, 2022 as a work-free day. “Consequently, I enjoin our brethren to use the occasion as a moment of solemn reflection, charity and prayer for peace, prosperity and…
Niger state governor, Abubakar Bello has suspended the chairman, Niger State Universal Basic Education Board, Dr Isah Adamu over anomalies in the operations of the board. The suspension is contained in a letter signed by the Secretary to the State Government, Ahmed Matane. “The suspension was necessitated by some observed anomalies in the operations of the board,” Matane noted. The government also directed Adamu to hand over the affairs of the board to the Permanent Member III on the board to enable full review of its operations for optimal growth.
The leadership of the North-West zone of the All Progressives Congress (APC), has urged the Independent National Electoral Commission (INEC) to extend voters’ registration to allow additional eligible voters acquire their Permanent Voter Cards (PVCs). The Zonal Publicity Secretary of the party, Musa Mada made the call during an interview in Kaduna on Saturday. The Northwest zone comprises Kaduna, Kano, Katsina, Jigawa, Kebbi, Sokoto and Zamfara states. Mada said the call for the extension had become necessary following mass rush by eligible voters to get registered ahead of the 2023 general elections. “We are concerned about the number of people…
The National Drugs Law Enforcement Agency (NDLEA) has arrested 37 suspected drug users and dealers and seized 820 ampoules of pentazocine injections in Katsina state. The NDLEA Commander in the state, Mr Mohammed Bashir told newsmen on Friday in Katsina that the suspects were arrested within a 24-hour operation. He explained that five of the 37 arrested were suspected drug dealers, while 32 were drug users, including a woman and a cripple. Bashir said that all the 32 suspected drug users would be tested “and the result would determine whether they will be resident clients or go home. “It is…
The Independent National Electoral Commission (INEC) debunked reports that its officials were arrested over alleged creation of illegal voter enrollment centre in Lagos. The Resident Electoral Commissioner (REC) in the state, Mr Olusegun Agbaje made this clarification in an interview on Saturday. Some media outfits had reported that the police arrested three officials of INEC in the state at Ijeshatedo for allegedly conspiring with St. Brigigs Catholic Church, Ijeshatedo, Lagos, to create an illegal Continuous Voter Registration (CVR) centre in the church. However, Agbaje in his reaction described the news report as fake news. “All my staff and machines are…
Veteran journalist and Deputy Editor at Guardian Newspapers, Joseph Onyekwere has charged Nigerian judiciary to embrace electronic new media tools in recording court proceedings in real-time. He gave the advise in his paper titled, ‘Reporting Judicial Matters Using New Media’ delivered at Society of Digital Newspaper Owners of Nigeria (SDNON’s) monthly New Media Round Table held on Friday. According to Onyekwere, although there are no known laws forbidding such practices, judges barring reporters with such media tools over the years, have made it set in stone. And anyone found wanting could be charged with contempt of court. Onyekwere who reiterated that…
The Independent National Electoral Commission (INEC) in Lagos state said that thugs did not cart away its voter enrollment machines in Surulere as being reported in some sections of the media. Some online media on Friday, reported that thugs invaded INEC Continuous Voter Registration (CVR) centre, situated at St. Bridget Catholic Church ljesha, in Surulere and catered away INEC enrollment machines. Reacting to the development, INEC’s Public Relations Officer in Lagos state, Mrs Adenike Oriowo said that though the exercise was disrupted because of the surge, no machine was stolen. “There were issues in the said CVR centre but orderliness was restored and the exercise continued smoothly.…