The share market value of Fidelity Bank Plc on the Nigerian Exchange Ltd. (NGX) dropped by N14.4 billion on Thursday, amid the opening of an N127.1 billion rights issue and public offer.
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“I hereby order that every step taken by the government is hereby nullified and becomes null and invalid and that this does not affect the validity of the repealed Emirates Law but actions taken by the Governor, which includes the assenting to the Law and the reappointment (of Sanusi).
“Following this Court’s ruling, Kano State Government has directed the State Commissioner of Police to remove the deposed emir of the eight metropolitan local governments from the Government property where he is trespassing as the Government has already concluded arrangements for the general reconstruction and renovation of the property including the demolishing and reconstruction of the dilapidated wall fence with immediate effect.”
“Out of the new domestic borrowing of N6 trillion, we have raised N4.5 trillion. For the Ways and Means, out of seven trillion approved for securitisation, we have raised N4.905 trillion. The financial sector has come a long way, and this is another strategic meeting to chart a way forward.”
The breakdown of the total debt as of March 31, 2024, shows that the domestic debt component was N65.65 trillion (approximately $46.29 billion), while the external debt component amounted to N56.02 trillion (approximately $42.12 billion).
A Federal High Court sitting in Kano on Thursday nullified the reappointment of Muhammadu Sanusi II as the 16th Emir of Kano.
The Federal High Court in Kano has abrogated the law promulgated by the State Assembly to dissolve the four Emirates…
National Drug Law Enforcement Agency (NDLEA), Nasarawa State Command, says it seized 7,149 kilograms of drugs between July 2023 and June 2024.
A Federal High Court, Abuja, on Wednesday, dismissed a suit seeking the sack of Mr Ola Olukoyede as the Chairman of the Economic and Financial Crimes Commission (EFCC).
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N238.11 in May 2023 to N769.62 in May 2024.