Federal Government Warns Nigerians About New COVID-19 Strain

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Nearly four years after the onset of the COVID-19 pandemic, the Federal Government has issued a warning regarding the emergence of a new strain. A circular from the Federal Ministry of Health and Social Welfare announced that the recently identified variant, known as XEC COVID-19, originated in Australia and has already been reported in 29 countries worldwide. Dated December 5, 2024, and referenced as DHS/INSPDIV/O17/VOL.I/46, the circular was signed by Dr. O. N. Anuma, Head of the Teaching Hospital Division, on behalf of the Permanent Secretary. It emphasizes that this…

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Adeyanju: How We Arrived At N200, 000 Minimum Wage For Our Workers

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The Peesident-General, Maritime Workers Union of Nigeria (MWUN), Comrade Adewale Adeyanju, in this interview with Sunday Ojeme, speaks on challenges in the shipping sector and steps taken to improve workers’ welfare. How has government policies been affecting the mariritme sector of recent? It’s affecting us severely. The vessel traffic has gone below the global standard. Vessels that used to come with 500 containers now come with just 100 containers and that has impact on the workers in such a company. The economic impact is coming to the workers because the…

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NLC Loses Track Of Ajaero’s Whereabouts after DSS Arrest

JUSTINA EMMANUEL OKPARA

…Holds Emergency Meeting   Officials and members of the Nigeria Labour Congress (NLC) are currently apprehensive over the whereabouts of their President, Joe Ajaero, after his arrest by the DSS earlier today. A statement issued by the Head of Information and Public Affairs, NLC, Comrade Benson Upiah, said the Congress was yet to ascertain his whereabouts or his state of health as all efforts made to get in touch with him have proved abortive. According to the statement, “this morning, the President of the Nigeria Labour Congress (NLC), Comrade Joe…

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Capital Formation: Coronation Registrars Charts Path To Sustainable Wealth

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  With most Nigerians finding it difficult to save for the future due to several factors, the management of Coronation Registrars has identified the role investment in securities could play in capital formation. In a webinar themed, “The Role of Capital Formation and Dividend in Building Sustainable Wealth,” organised by the firm, the President and Chairman of Council, Institute of Capital Market Registrars, Oluseyi Owoturo, gave a direction on building sustainable wealth. Speaking on the importance of reinvesting dividends, he said dividends could be a good source of capital formation…

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ASCSN Flays Abuja Office Invasion By Bola-Audu, Others

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The Association of Senior Civil Servants of Nigeria (ASCSN) has said its office in Area 7 at the Federal Capital Territory, Abuja, was on Wednesday invaded by Bola-Audu Innocent and some other people believed to be thugs. In a press statement issued in Lagos, the ASCSN Secretary-General, Comrade Joshua Apcbo, stated that a detachment of police in Abuja was taking steps to clear the office of hoodlums. Bola-Audu Bola-Audu has been in court with the current leadership of the Association, laying claims to the position of the president. The statement…

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Groom’s Father Hires 100 Planes To Transport Guests To Son’s Wedding

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Indian billionare, Mukesh Ambani, has arranged a fleet of 100 planes, including three Falcon 2000 jets, to ensure guests arrive in style for Anant Ambani and Radhika Merchant’s wedding at Mumbai’s Jio World Convention Centre. The highly anticipated wedding of Anant Ambani, the youngest son of Mukesh Ambani, Asia’s richest man, to Radhika Merchant, daughter of businessman, Viren Merchant, is set to be a grand affair. Both families have already hosted several extravagant ceremonies attended by prominent figures from around the world, including business leaders, CEOs, political figures, celebrities, and…

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Ibile Launches Zakat, Sadaqah Foundation To Empower Muslims

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Dignitaries at the Ibile Muslim Community Zakat and Sadaqah Foundation public presentation on Saturday in Lagos.   The Ibile Muslim Community Zakat and Sadaqah Foundation was unveiled on Saturday to empower less privileged Muslims in Lagos and lift many others out of poverty. The foundation was launched at a public presentation sponsored by Lotus Bank in Lagos. According to the News Agency of Nigeria (NAN), the foundation is a new charitable organisation dedicated to promoting Zakat, Sadaqah, and Waqf to support those in need within the community. Zakat, the third…

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Q1’24: Fidelity Bank Records 120.1% Growth In PBT To N39.5bn

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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1 per cent growth in Profit Before Tax from N17.9 billion at the end of Q1’23 to N39.5 billion for Q1’24. This was made known in the bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, April 30, 2024. According to the statement, Gross Earnings increased by 89.9 per cent yoy to N192.1 billion from N101.1 billion in Q1’23. The increase was led by a combination…

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Q1’24: Zenith Bank Posts 189% Growth In Earnings

JUSTINA EMMANUEL OKPARA

Zenith Bank Plc has posted an impressive triple-digit growth of 189 per cent in Gross Earnings, from N270 billion reported in Q1’23 to N781 billion in Q1’24, its unaudited results for the first quarter ended March 31, 2024 have shown. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, May 3, 2024, this impressive growth in the topline also enhanced the bottom line, as profit before tax (PBT) rose to N320 billion in…

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ASR Africa Begins Construction Of N250m Sports Complex In UniJos

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The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the construction of the N250 million sports complex for the University of Jos. The sporting facility, which is situated at the Naraguta campus of the university, is set to consolidate the preparedness of the university in hosting the Nigerian Universities Games Association (NUGA). The facility will feature a 300-seater spectator stand, changing rooms, a lawn tennis court, and a basketball court. Speaking at the event,…

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