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BREAKING: Akpabio steps down for Tinubu
Former Akwa Ibom State Governor Godswill Akpabio has stepped down for Asiwaju Bola Tinubu. He announced this at the presidential primaries. While addressing the delegates, Akpabio said having transformed Akwa Ibom State, he knows a man of vision when he sees one. He therefore asked all his supporters to vote Tinubu.
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VIDEO: Northern APC governors reject Lawan as consensus candidate, insist power must shift to South
Northern governors elected on the platform of the All Progressives Congress have again insisted that power must return to the South after President Muhammadu Buhari’s eight years in office. They made this known after meeting with Buhari on Monday. Speaking with the press after meeting with President Buhari, the northern governors insisted that they stood by their decision on Saturday…
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Campaign spending pushes Currency in Circulation to N3.31trn in April
Amid campaign spending, the Central Bank of Nigeria (CBN) has disclosed that currency in circulation increased to N3.31trillion in April 2022, to reached its highest peak. The apex bank had disclosed that currency in circulation dropped Month-on-Month (MoM) by N4.59billion or 0.14 per cent to N3.25 trillion in March from N3.25 trillion in February 2022. The apex bank in its…
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Airtel Africa purchases additional 58 MHz spectrum worth $42m
Airtel Africa Plc on Monday announced the purchase of 58 MHz of additional spectrum spread across 900, 1800, 2100 and 2600 MHz bands, for a gross consideration of $42million. The company in a statement on the Nigerian Exchange Limited (NGX) said the licence for paired spectrum in the 2100 band comes up for renewal in September 2032, stating that all…
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‘Tinubu pleaded for level playing field, didn’t disrespect President Buhari in Abeokuta’
The campaign organisation of the National Leader of the All Progressives Congress Asiwaju Bola Ahmed Tinubu says he didn’t disrespect President Muhammadu Buhari in his speech to the party’s delegates in Abeokuta, Ogun State on Thursday. Bayo Onanuga, the campaign organisation’s director general, said the speech was a call for a level playing ground for all aspirants. Read full statement:…
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Mass resignation hits Union Bank of Nigeria over new management takeover
Many directors have been asked to resign or retire following the completion of the acquisition of Union Bank Nigeria (UBN) Plc by Titan Trust Bank (TTB). The acquisition process, which began last year, would give TTB up to a controlling 89.39 per cent equity stake in the first-generation bank. It was earlier reported on 31 May 2022, that the process…
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Banks’ credit to govt surges 17.7% to N16.6trn
Credit to the government rose by N2.5 trillion or 17.7 per cent to N16.6 trillion as at April 2022 from N14.1 trillion as at January, 2022. This was contained in the latest Central Bank of Nigeria (CBN) Money and Credit data for April 2022, which showed that credit to the government rose steadily in the four-month period, rising from N14.1…
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Utomi steps down as Peter Obi emerges Labour Party presidential candidate
Former Anambra State governor, Mr. Peter Obi, has emerged as the presidential candidate of the Labour Party. Obi’s emergence came after another presidential aspirant on the platform of the party, Prof. Pat Utomi, stepped down at the venue of the presidential primaries on Monday and endorsed the former Peoples Democratic Party (PDP) aspirant, who only joined the party last week.…
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Bayo Adelabu dumps APC
By Richard Thomas, Ibadan Former governorship candidate of the All Progressives Congress (APC) in Oyo State, Oloye Adebayo Adelabu has dumped the party. Adelabu on Sunday announced his decision to dump the APC at a press conference held at his campaign office in Jericho, Ibadan It would be recalled that Oloye Adelabu, a former deputy governor at the Central Bank of Nigeria (CBN) polled 327…
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Efficient markets demand regular assessments, says SEC DG
The efficient functioning of capital markets in the West African region demands a regular assessment of policies and programs to fit current realities, and address the region’s peculiar challenges. This was stated by Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda at the West African Capital Markets Conference with the theme: “Deepening and Strengthening the Capital Markets Across West Africa…
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