fidelity bank grows pbt by 167.8% to n105.8 billion in q1 2025
Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5…
Nigeria clears off $3.4bn IMF loan in move to exit debt list
Nigeria has completed the payment of a $3.4 billion loan borrowed from the International Monetary Fund (IMF) during the COVID-19 pandemic, effectively exiting the debtor list of the multilateral bank. Data sourced from the website of the Washington-based lender shows…
FIFA sanctions creation of Afghanistan women’s refugee team
FIFA has sanctioned the establishment of an Afghanistan women’s refugee team which will be able to participate in matches overseen by world football’s governing body. Such a move would see the creation of an officially-recognised team of evacuated female…
Rwanda returns workers lured in Asian trafficking schemes
Ten Rwandans who were lured to Southeast Asia for work only to find themselves in dire conditions have been repatriated. The government stepped in after Rwandans trapped in Myanmar and Laos alerted a top influencer. A little girl holding up…
China-Nigeria Ties: Beijing Commends Nigeria’s ‘One-China’ Support
The Chinese government on Thursday commended Nigeria’s unwavering commitment to the “One-China” policy. The One-China policy is a diplomatic principle that recognizes only one sovereign state under the name China, with the People’s Republic of China in Beijing acknowledged as…
NIMASA’s 2025 Budget: Billions for Travel, Hotels, and Training While Nigerians Struggle
The decision by the Nigerian Maritime Administration and Safety Agency’s (NIMASA) to set aside a whopping sum of N9 billion for foreign training tickets in the 2025 budget has again raised doubt about the President Bola Tinubu-led administration’s pledge to…
TINUBU VISITS ANAMBRA AMID TIGHT SECURITY, POLICE RESTRICT VEHICULAR MOVEMENT
The Anambra State Police Command has announced a partial restriction of vehicular movement across the state as part of security arrangements for President Bola Ahmed Tinubu’s visit. The directive was contained in a brief statement issued on Thursday by the…
FG warns Nigerians against excess salt intake after Oyakhilome’s viral video
The Federal Ministry of Health and Social Welfare has issued a public health advisory warning Nigerians against excessive consumption of salt following a viral video by Pastor Chris Oyakhilome, founder of Loveworld Incorporated, popularly known as Christ Embassy. In the…
Uber CEO Stands Firm on Return-to-Office Policy Amid Employee Pushback
Dara Khosrowshahi, chief executive officer Uber Technologies Inc., at the Semafor World Economy Summit during the International Monetary Fund Uber is cracking down on remote work, return-to-office plans, and other benefits. CEO Dara Khosrowshahi said the changes might prompt Uber…
Dangote ventures into Ghana with $162 million sugar refinery to boost local industry
Africa’s richest man, Aliko Dangote, is expanding his agro-industrial empire into Ghana with the launch of a massive sugar refinery project in Kwame-Danso, Bono East Region. This will enable the country to drastically reduce its sugar import costs and promote…