The Director of the Financial Policy and Regulatory Department (FPRD) at the Central Bank of Nigeria (CBN), Haruna B. Mustafa has said that the reason for the exclusion of retained earnings is for banks to inject fresh capital into the system. Mustafa said this in a podcast titled ‘Banking Sector …

  Rivers CP, Tunji Disu   Controversy now surrounds the killing of Uche Orukwo, the 30 years old member of a vigilante group allegedly killed in Mile 2 Diobu,Port Harcourt Rivers State last Saturday by cultists. Orukwo, according to earlier information, was allegedly killed by suspected cultists when members of …

The coalition in a statement by its national coordinator, Comrade Chinedu Bosah, demanded its immediate reversal of the tariff increase and urged the privatisation of the power sector. The Coalition for Affordable and Regular Electricity (CARE) has faulted the recently announced increase in electricity tariff by the Nigerian Electricity Regulatory …

L-R, Comedian Ay and wife, Mable Mabel Makun, the wife of popular Nigerian comedian Ayo ‘AY’ Makun, has pleaded for privacy from the public as she navigates her marital crisis. Her plea comes three days after AY confirmed in a statement that their marriage of 20 years was slipping out …

Yomi Fabiyi   Actor Yomi Fabiyi has joined to mourn Jumoke Aderounmu, a popular Nollywood actress renowned for her portrayal of ‘Esther’ in the hit TV series Jenifa’s Diary who recently passed on Recalling the tragic death of the 40-year-old actress in the early hours of Saturday, Fabiyi took to …

NLC President, Joe Ajaero The Labour Party on Tuesday referred to the sack of Julius Abure-National Working Committee by the Nigeria Labour Congress (NLC) as a bluff. This is as the union confronted the NLC President Joe Ajaero, to state his true intentions for the presidency ahead the 2027 General …

Shakira Colombian singer Shakira has hailed her American counterpart, Beyoncé. In a recent episode of her show, Shakira Radio Station on Apple Music, Shakira lauded Beyoncé as “the queen” of pop. The ‘Hips Don’t Lie’ crooner noted that Beyoncé has done a lot for women of colour in the US and …

According to the statement, the investigator highlighted the misinformation being circulated, particularly referencing outdated news reports from six weeks ago, which do not accurately reflect the current status of the investigation. The suspended Minister of Humanitarian Affairs and Poverty Alleviation Dr Betta Edu says she is not being investigated for …

Geregu Power Plc has generated N50.4bn on electricity sales and capacity charges to Nigerians in the first quarter of 2024. The power company which is the first listed power company of the Nigerian Exchange Ltd disclosed the performance in its Q1, 2024 financial statement, analysed . The company grew its …

Of the three leading candidates in the 2023 presidential election, Tinubu, who ran on the platform of the All Progressives Congress (APC), polled the highest votes from the region. The Northern Elders Forum (NEF) has expressed its regrets that the region voted for President Bola Tinubu in the 2023 general …