Mentally-Challenged Beggar Caught With N200,000 In Anambra

A mentally-challenged beggar was on Thursday arrested with about N200,000 in her possession by officials of the Anambra State Government. Southern City News learnt that the state government officials had about a month ago set up machinery, through the Office of the Commissioner for Women’s Affairs and Social Welfare, to rid the state of such people. […]


Wife Seeks Divorce Over Husband’s Inability To Provide Food

A housewife, Mrs Hafsat Zakaria, on Friday  sought dissolution of her 16-years marriage over alleged failure by her husband to provide food. Hafsat also told a Sharia Court in Minna that  her husband, Mr Umar Aliyu, was not providing money for general maintenance of their home. “My husband is not living up to his responsibility […]

Zenith Bank Post N474 Billion Gross Earnings For Third Quarter 2018

Zenith Bank Plc, on Wednesday October 17, 2018, reported that its Gross Earnings fell from N531 billion in 2017 to N474 billion for the third quarter ended September 30, 2018. This amounts to a 10.7 percent decline year on year. According to the third quarter unaudited financial statement, profit before tax increased from N152 billion […]

Outstanding Debt: Court Orders Shebah Coy Ltd, Dr. Orjiako To Pay Three Banks THREE $144.2 Million

The Federal High Court, Lagos division has certified judgment delivered by the High Court of Justice Queen’s Bench Division and upheld by the Supreme Court of the United Kingdom, directing Shebah Exploration & Production Company Ltd, Allenne Ltd and Dr. Ambrosie Bryant Chukwueloka Orjiako (defendants) to pay African Export-Import Bank, Diamond Bank Plc and Skye […]

Meeting Of ECOWAS SEC And Securities And Exchange Commission In Abuja

Photo Caption: From Left: Director General, Ghana Securities and Exchange Commission Rev Daniel Tetteh, Director General Nigeria SEC Ms Mary Uduk, Commissioner, Industry and Private Sector Promotion, ECOWAS Mr Mamadou Traore and Secretary General CREPMF Mr Mony Soumahoro during a Meeting of Ecowas and West African Securities Regulatory Authorities (WASRA) in Abuja yesterday

Defending Naira: Foreign Reserves Fall $2.1bn In 30 Days

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira. Since the United States Federal Reserves raised interest rates on September 26, 2018, the Nigerian reserves have dropped by $1,541,891,539, as investors continue voting their monies out […]

Transcorp Group Announces New Executive, Non-executive Appointments

The Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate has announced new appointments to its board and executive management. A statement from the corporation disclosed that Valentine Ozigbo has been appointed the President/CEO of Transcorp. His appointment becomes effective from January 1, 2019. He will succeed Mr. Adim Jibunoh, who is retiring […]

BudgIT Lament Nigeria’s 157th Ranking On Commitment Reducing Inequality Index

BudgIT has expressed dismay at Nigeria’s position for the second time in commitment towards reducing inequality in the country despite persistent advocacy for the Federal Government to invest more in sectors that improve on human development capacity of its people and bridge the gap between the haves and the have-nots. Nigeria has the unenviable distinction […]

FCMB Banking Subsidiary Delays Group Third Quarter Result

FCMB Group Plc on Wednesday informed the investing public that due to the commencement of the interim audit of the company’s commercial banking subsidiary, First City Monument Bank Limited for the period ended September 30, 2018, the group third quarter result which due date is October 31, 2018, will not be ready. This was contained […]