TOP 10 BANKS IN NIGERIA BY SHAREHOLDERS FUNDS IN Q3 2024 In the third quarter of 2024, Nigerian banks experienced a remarkable 79% year-on-year surge in shareholder funds, which soared from N11.2 trillion in the same period the previous year to N20 trillion, reflecting a substantial increase.This growth, according to data from Nairalytics, is driven by the shareholder figures of …

NIGERIANS IN URBAN AREAS NOW USE CHARCOAL, FIREWOOD FOR COOKING Nigerians in urban areas may have returned to the most affordable cooking fuels – charcoal and firewood, due to the increase in the price of cooking gas. Charcoal and firewood were used by mostly the locals and people living in semi-urban areas before the advent of cooking gas. However, when …

PORT HARCOURT REFINERY ANNOUNCES RESUMPTION OF FULL OPERATION The Port Harcourt refinery has announced the resumption of full operations after temporarily scaling down. This was made known by the Managing Director of the refinery, Mr Ibrahim Onoja, while addressing journalists after a facility tour of the refinery on Sunday, December 1, 2024, where he revealed that the facility had resumed …

CBN TO RETIRE 1,000EMPLOYEES Barring any last-minute changes, the Central Bank of Nigeria (CBN) will soon retire about 1,000 of its employees before the end of the year, investigations by Daily Trust have shown. Reliable sources at the apex bank’s headquarters revealed that the retirement would gulp over N50 billion in payoff to the affected workers. In what it described …

l SEVEN FOUNDERS OF LOCAL AIRLINES IN NIGERIA’S $1.7B AVIATION INDUSTRY The Nigerian aviation sector, despite being a critical element in the country’s transportation system and economy, has not reached its full potential compared to other African nations. The International Air Transport Association (IATA) estimates that aviation supports $63 billion in economic activity across Africa. However, Nigeria’s aviation industry contributes …

TRUMP APPOINTS NIGERIA-LEBANESE BUSINESSMAN ADVISOR ON ARAB, MIDDLE EASTERN AFFAIRS President-elect Donald Trump has announced that Nigerian-Lebanese businessman Massad Boulos will serve as his senior advisor on Arab and Middle Eastern affairs. The decision, made public on Trump’s Truth Social platform, highlights Boulos’ influential ties to the Middle East and his extensive business dealings in Nigeria, a key African economy. …

2027: ATIKU, OBI’S PARLEY IN YOLA REIGNITES MERGER PERMUTATIONS Former Vice President Atiku Abubakar, and the Labour Party’s 2023 presidential candidate, Peter Obi, have reignited discussions around the possibility of both uniting for a run at the 2027 presidential election. Their meeting on Saturday in Yola has generated renewed buzz about their plans for the upcoming election, with reports suggesting …

PH REFINERY STILL OPERATING – ENGINEERS CLAIM The Nigerian Society of Chemical Engineers, NSChE, has insisted that the Port Harcourt Refinery is still operational and has continued to refine petroleum products. This is coming amid reports that the refinery has halted operations just days after the Nigerian National Petroleum Company (NNPC) Ltd revealed that it had fulfilled its pledge of …

COURT STOPS UNN FROM CONDUCTING CONVOCATION ELECTION A Federal High Court in Enugu State has restrained the University of Nigeria, Nsukka (UNN) from conducting its convocation election until the determination of a suit brought by some aspirants alleging a breach of the Standing Orders of Proceedings by the Acting Vice Chancellor, Professor Polycarp Chigbu. In the suit, filed under number …

OJUKWU, GOWON NEVER RECONCILED – ONOH Dr Josef Onoh, the brother-in-law to the late Biafra leader, Dim Chukwuemeka Odumegwu-Ojukwu, has refuted claims by former Head of State, General Yakubu Gowon, that the two had reconciled.Onoh clarified that what Gowon referred to as a reconciliation meeting was, in fact, a condolence visit after the passing of his father, Chief C.C. Onoh, …

NIGERIANS LIVING ‘FAKE GOOD LIFE’ PRIOR TO REMOVAL OF OIL SUBSIDY – TINUBU President Bola Tinubu has said that Nigerians were living a “fake good life” prior to the removal of the fuel subsidy. Speaking at the 34th and 35th combined convocation ceremonies of the Federal University of Technology Akure (FUTA) in Ondo State, Tinubu, who was represented by the …

YET-TO-IDENTIFIED CATHOLIC PRIEST ALLEGEDLY KIDNAPPED IN ENUGU A yet-to-identified Catholic priest was Saturday evening allegedly kidnapped along Opi-Ugwuogo expressway in Enugu State. It was gathered that the kidnappers disguised as police operatives and operated at a checkpoint before whisking the priest away. A viral video of the incident showed that the hoodlums escaped with the priest when the escorts of …

FEDERAL PENSIONERS PLAN PROTEST OVER N32,000 INCREMENT Federal Pensioners under the Contributory Pension Scheme have written to the Coordinating Minister of Finance and National Economy, Wale Edun, to demand the implementation of the earlier announced N32,000 increment in pension. The N32,000 increment for pensioners was announced shortly after the announcement of the 70 thousand naira minimum wage for workers. The …

MAN LOSES WIFE, DAUGHTER IN CKC ABA STAMPEDE The heartbreaking story of Mr. Peter Ukaegbu has captured widespread attention following a tragic stampede at Christ the King Cathedral (CKC) in Aba, ABN TV reports. Peter lost his wife, Emmanuella Igbokwe Peter Ukaegbu, and their young daughter, Onyinyechi Prisca Ukaegbu, in the devastating incident. For Peter, November 30, 2024, was supposed …

OBASANJO DISOWNS GOWON, SAYS HE NEVER KNEW HE TOLD ABACHA NOT KILL HIM Ex-President Olusegun Obasanjo has replied former Head of State, General Yakubu Gowon (rtd.), who said that he (Gowon) pleaded with the late General Sani Abacha not to execute him. Obasanjo was one of those imprisoned by the regime of Abacha over an alleged coup plot to overthrow …