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Zenith Bank wins “The Bank of the Year in Nigeria” award
Lagos, Dec.5, 2022 – Zenith Bank has won “The Bank of the Year in Nigeria” award in The Banker’s Bank of the Year Awards 2022. A statement from the bank said that the award was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony in London on Friday. It said the award was in recognition of the bank’s strong management, sound business model and strategy, support for small businesses and efforts to cut energy consumption. The Banker said the Nigeria’s Bank of the Year award …
“I am Tinubu and proper Tinubu”, APC Presidential Candidate claims in London
Lagos, Dec. 5, 2022 – Asiwaju Bola Tinubu, the Presidential Candidate of the All Progressives Congress (APC), today claimed that he is a true born of Tinubu family in Lagos. He said this while fielding questions at Chatham House in London, saying that those who disputed claims that he was from the Tinubu family could request for a DNA test. The presidential candidate said he was born on March 29, 1952 in Lagos. Tinubu said that he just received his original certificate from Chicago State University and that his record …
I have no regrets thanking President Buhari over 13% derivation refund – Wike
Port Harcourt, Dec. 5, 2022 – Gov. Nyesom Wike of Rivers State says he has no apologies for thanking President Muhammadu Buhari over the release of oil derivation fund to the Niger Delta States. Wike spoke at the conferment of awards on 162 Nigerians for their achievements, influential lives and services to the advancement of Rivers State and the nation. This was disclosed in a statement issued on Sunday which was signed by Kelvin Ebiri, Governor Wike’s Personal Assistant on Media. “Because I said ‘Buhari, thank you,’ I am having …
South Africa’s Ramaphosa awaits ANC panel ruling in ‘Farmgate’ scandal
JOHANNESBURG, Dec. 5, 2025 (Reuters/GBN) – South African President Cyril Ramaphosa’s fate was hanging in the balance on Monday as the executive committee of the governing party discussed allegations he may have committed misconduct and violated the oath of office. The inquiry relates to findings that large sums of foreign currency were hidden at Ramaphosa’s private game farm and he failed to report the money missing when it was stolen in 2020. He said Ramaphosa attended the meeting, put across his points and then asked to be recused, which the …
Buhari mourns Olumakaiye, Anglican Archbishop of Lagos
Lagos, Dec.5, 2022 – President Muhammadu Buhari has condoled with the Olumakaiye family, the Anglican Communion and Christendom over the passing of The Most Rev. Dr Humphrey Olumakaiye, the Archbishop of Lagos, aged 53. The President, in a statement by his media aide, Femi Adesina, lauded Olumakaiye’s commitment to the things of God, and work of the Kingdom, having been admitted into Immanuel College of Theology, Ibadan in 1988, where he obtained Diploma in Religious Studies and Diploma in Theology in 1991 with distinctions. Between 1991 and 1993, he obtained …
Nigeria’s domestic debt stands at N20.91 trillion
Lagos, Dec. 5, 2022 – Nigeria’s domestic debt stood at N20.91 trillion as at June 2022, up from the N17.63 trillion recorded in the same period last year. The statistics were reported by the CBN Financial Market Half-Year Activity Report 2022 just posted on the apex bank’s website. The report indicated that the cost of debt servicing had increased by 40.74 per cent to N1.37 trillion at June 2022 from the N977.03 billion recorded in the same period last year due to the increase in borrowings by the federal government. …
G7 price cap on Russian oil kicks in, Russia will only sell at market price
BRUSSELS, Dec, 5, 2022 (Reuters/GBN) – The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production. The price cap to be enforced by the G7 nations, the European Union and Australia, comes on top of the EU’s embargo on imports of Russian crude by sea and similar pledges by the United States, Canada, …
Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs
SINGAPORE, Dec. 5, 2022 (Reuters/GBN) – Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend, though the partial easing in policies sowed confusion across the country on Monday. While prices rose as much as 2 percent earlier in the day, both the Brent and U.S. West Texas Intermediate (WTI) contracts have since pared some …
Tinubu addresses Chatham House today
Lagos, Dec. 5, 2022 – Bola Ahmed Tinubu, the Presidential candidate of All Progressives Congress (APC), will address Chatham House in London today. Chatham House, also known as the Royal Institute of International Affairs, is an independent policy institute and a trusted forum for debate and dialogue in London. Tinubu will speak on his presidential ambition, programmes and plans for Nigerians. President Muhammadu Buhari also addressed Chatham House on February 25, 2015 as APC Presidential Candidate. (GBN)
Nigeria’s debts no longer sustainable -DMO
Lagos, Dec. 5, 2022 – Ms Patience Oniha, the Director-General of Debt Management Office, says Nigeria’s public debts stock is growing out of sustainability. Oniha, who spoke at the annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos at the weekend, said Nigeria was now facing the risk of being unable to sustain its rising public debt stock. Nigeria’s public debt stock, both external and internal, stood at N42. 84 trillion ($103. 31 billion) as at June 30, 2022. She said it was important that the public debt …