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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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Time Magazine names Aliko Dangote among top 100 Philanthropists in World
The Chairman Aliko Dangote Foundation and President/Chief Executive, Dangote Industries Limited, Aliko Dangote has been named in the inaugural 2025 TIME100 Philanthropy list, which recognises the 100 most influential leaders shaping the future of philanthropy across the world. Dangote is the only Nigerian on this distinguished list. The prestigious list, published by TIME Magazine on Tuesday, features Aliko Dangote, whose…
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NGX Group, market stakeholders honour Pascal Dozie’s enduring impact
Captains of industry, financial leaders, and dignitaries gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Dr. Pascal Dozie, former President of the Council of the Nigerian Stock Exchange (NSE). Organised by Nigerian Exchange Group (NGX Group), the event celebrated a visionary whose leadership and integrity helped shape…
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