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NDLEA nabs ex-international footballer, business partner over alleged attempt to smuggle cocaine
The National Drug Law Enforcement Agency (NDLEA) has arrested an ex-international football player and his businessman partner over an alleged attempt to smuggle a consignment of cocaine into Nigeria through the Murtala Muhammed International Airport, (MMIA) Ikeja, Lagos. The NDLEA said the business partner was arrested upon his arrival at the Lagos airport on Tuesday, June 24, 2025. A statement by…
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PHOTO NEWS: President Tinubu hosts Brazilian Vice President in Abuja
By Kunle Sanni – President Bola Tinubu received the Vice President of Brazil, Geraldo Alckmin, at the State House, Abuja, on Tuesday. As earlier reported by Western Post, Vice President Kashim Shettima, who welcomed Alckmin at the airport earlier that day, described the relationship between both countries as a model for South-South cooperation based on mutual respect and practical ambition.
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Nigeria’s revenue increases by 40% to N6.9trn in Q1 2025, says Wale Edun
Minister of Finance and Coordinating Minister for the Economy, Wale Edun has said Nigeria recorded N6.9 trillion in revenue in the first quarter (Q1) of 2025. Edun spoke on Monday at the citizens and stakeholders’ engagement on the implementation of President Bola Tinubu’s priorities for the second quarter (Q2) in Abuja. He said the figure represents a 40 per cent…
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2024FY: Sterling Financial Holdings Company declares N43.68bn profit, shareholders get N0.18 kobo
Sterling Financial Holdings Company Plc on Thursday declared N43.68 billion profit after tax in 2024 financial year ended December 31, 2024, about 102.4 per cent growth from N21.58billion profit after tax reported in the full year ended December 31, 2023. The lender on the Nigerian Exchange Limited (NGX) announced N45.86billion profit before tax in 2024FY, about 102.1 per cent growth…
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Ogun, Dangote Foundation distribute food items to people living with disabilities, others
The Ogun State government, in collaboration with the Aliko Dangote Foundation, has distributed food items to different segments of the population in the state as part of the 2025 National Food Intervention Programme. Speaking during the distribution, which took place at the Oba’s Complex, Oke-Mosan, Abeokuta, the State Governor, Prince Dapo Abiodun, said the gesture was part of the state…
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Zenith Bank, others may suspend dividend payments till 2028 – Rencap Report
A new research note by Renaissance Capital has revealed that Zenith Bank Plc, among other big banks are facing significant exposure to regulatory forbearance loans and may likely suspend dividend payout till 2028. The report titled “Nigerian Banks, Cash is King” suggests some are now likely to suspend dividend payments for multiple years as they work to meet stricter prudential…
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Oyo 2027: Oriyomi Hamzat’s campaign posters flood Ibadan
By Adejayan Gbenga Posters of renowned Ibadan-based broadcaster, Dr. Oriyomi Hamzat, have surfaced across various parts of Ibadan, Oyo State, sparking speculation about his potential entry into politics ahead of the 2027 general election. The posters, which bear the slogan “2027 Oyo n pe o” (Oyo is calling you), feature a portrait of Hamzat in black, suggesting growing grassroots support…
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FG refutes collapse of forward crude oil sale
The Federal Government has dismissed recent reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National Petroleum Company Limited (NNPC Ltd). In a press statement issued by Spokesperson of the Federal Ministry of Finance, Mohammed Manga, on Wednesday, the Federal government clarified that no final decision has been made on the transaction, and described the…
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FCMB, 4 others raise N108bn Commercial Paper
FCMB and four Nigerian companies have successfully raised N108 billion through Commercial Paper (CP) issuances to bolster their working capital. CP is a commonly used type of unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable and inventories, and meeting other short-term liabilities. Maturities on commercial paper typically last several days, and rarely…
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FG committed to collaborating with IOM to address migration challenges, says Bagudu
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has stated that the Federal Government is committed to collaborating with the International Organisation for Migration (IOM) to address migration issues in the country. The Director Information & PR, Federal Ministry of budget and Economic Planning, Mrs. Osagie Jacobs, in a statement stated that Bagudu expressed this during the courtesy…
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