Investors in the equities market, has placed top-five banks listed on the Nigerian Stock Exchange at combined market value of N5.2 trillion, which is equivalent to $3.23 billion in dollars, at the exchange rate of N1600 per US dollar. Banking stocks were seen traded with caution ahead of third quarter of financial year 2024 earnings release by the big lenders. Due to portfolio rebalancing, the banking index fell slightly, according to details from the local financial houses. Expert voices added that Nigerian lenders with a better earnings outlook, low key man risks and a strong dividend track record will continue…
Author: Omolemi Eboisetale
At a ceremony in Kaduna on Saturday, the Nigerian Army pulled at least, 15 generals out of service from the Artillery Corps. In a post on X, the Army noted that the retired officers are 11 major generals and four brigadier generals. The Artillery Corps is responsible for delivering heavy firepower support to allied forces positioned at the front lines on the battlefield. The tweet revealed that the retired generals were pulled out of the service at a ceremony held at the Nigerian Army School of Artillery in Kaduna State. It reads: “The Nigerian Army formally pulled out 15 retired…
Indeed, there are other cities around the world that bear the name, Lagos. Lagos, a mega city in Nigeria, is popular for being the cultural, financial, and entertainment capital of Africa. While Lagos is a well-known city in Nigeria, there are indeed other cities around the world that share the same name. Here are five other countries with cities named Lagos: 1) Portugal In Portugal, there is a coastal city located in the Algarve region called Lagos. This city is popular for its stunning beaches, historical sites, and vibrant nightlife. Lagos, Portugal situated on the southern coast of Portugal offers…
After thoroughly hearing both Kasmal International Services and the Central Bank of Nigeria on Stamp Duty payment outstanding to the collecting agent, a federal high court presided over by Judge Ekwo Inyang in Abuja, has ordered CBN, to pay about N579 billion with a 10 percent annual interest to the plaintiff. The Judge’s decision comprises the judgment sum from January 1, 2015 to January 31, 2020, for Kasmal’s role in stamp duty collections. Inyang Ekwo, the presiding judge, made the ruling on Friday, in a case instituted by Kasmal against the CBN and the attorney-general of the federation (AGF). The…
The body of Hezbollah leader Hassan Nasrallah, killed in an Israeli air strike in southern Beirut, has been recovered, a source close to the movement told AFP on Sunday. Friday’s air strike also killed Ali Karake, the group’s top commander in southern Lebanon, Hezbollah said on Sunday. It has not named others who died alongside Nasrallah and Karake. A medical source and a security source said Nasrallah’s body was found intact at the site of an Israeli air attack on Beirut’s southern suburbs. Meanwhile, the Israeli military, on Sunday, disclosed it has also killed Nabil Kaouk amid an exchange of…
A paramilitary attack on a market in the Sudanese city of El-Fasher killed 18 people, a medical source told AFP on Friday, after world leaders appealed for an end to the country’s wartime suffering. The Rapid Support Forces’ shelling of the market on Thursday evening also injured dozens, activists said separately, as the paramilitaries and regular army vie for control of the North Darfur state capital, 17 months into their war in the northeast African country. “We received last night at the hospital 18 dead,” some of them burned and others killed with severe shrapnel injuries, the source at El-Fasher…
More than 3,600 people have been killed this year in the “senseless” gang violence ravaging Haiti, the United Nations said on Friday. The Western Hemisphere’s poorest country has plunged into virtual anarchy, with gangs taking over the capital, Port-au-Prince, and the security and health systems collapsing. About 600,000 people were displaced in the first six months of 2024 and 1,280 were injured in gang violence, including 295 women and 63 children, the UN rights office (OHCHR) said in a report. In that period, at least 893 individuals, including 25 children, were kidnapped and held for ransom by criminal groups, who…
Hurricane Helene killed at least 17 people and caused massive flooding across the southeast United States on Friday, knocking out power for millions of customers. Roads, homes, and businesses were inundated after Helene made landfall near the Florida state capital Tallahassee overnight and surged north, though it weakened to a tropical storm. The National Hurricane Center reported “historic and catastrophic flooding” and warned of flash floods in Georgia’s largest city Atlanta, as well as in South Carolina and North Carolina. Up to 12 inches (30 centimetres) of rain was forecast in the Appalachian mountains, with isolated spots even receiving 20…
An explosion tore through a service station in Russia’s Caucasus republic of Dagestan Friday, killing at least 10 people and wounding 11 others, the emergency situations ministry said. Two children were among the dead, the ministry added on social media network Telegram. The initial ministry statement had put the toll at five dead and three wounded without giving a cause for the blast. “The station’s building is destroyed,” it posted on Telegram. “The technical area and the cafeteria are burning over a surface of 500 square metres.” The ministry update said the fire had been brought under control but not…
New York’s scandal-plagued mayor Eric Adams was federally charged Thursday with crimes including wire fraud, soliciting illegal foreign campaign donations and bribery conspiracy, a stunning indictment unsealed amid calls for him to resign. The grand jury indictment follows a sweeping probe into the mayor’s campaign and his close associates on whether he conspired with Turkish government officials to receive illegal contributions in exchange for official acts. A defiant Adams told reporters on Thursday that he looks “forward to defending myself,” and refused a chorus of calls to step down, urging New Yorkers to “wait to hear our side of the…
Malian singer Rokia Traore will be extradited from Italy to Belgium over an outstanding two-year prison sentence handed down in a child custody dispute, her lawyer said Thursday. The singer and guitarist was sentenced in absentia by a Brussels court last year on charges of parental abduction. She was arrested in Italy in June and challenged the extradition order, but a Rome court ruled Thursday that “Rokia will have to be transferred to Belgium within 10 days from today,” lawyer Maddalena Claudia Del Re told AFP. Traore had been arrested in Paris in March 2020 on a European arrest warrant…
Israel on Thursday flatly rejected a push led by key backer the United States for a 21-day ceasefire in Lebanon, vowing to keep fighting Hezbollah militants “until victory”. Israeli bombing of Iran-backed Hezbollah strongholds around Lebanon has killed hundreds of people this week, while the militant group has retaliated with rocket barrages. “There will be no ceasefire in the north. We will continue to fight against the Hezbollah terrorist organisation with all our strength until victory and the safe return of the residents of the north to their homes,” Foreign Minister Israel Katz said in a post on X. Israeli…