New CBN rule requires investors to get approval to acquire 5% stake in holding companies
The Central Bank of Nigeria (CBN) has restricted the acquisition of controlling stakes in financial holding companies (FHCs). The apex bank said any investor looking to acquire up to 5 percent of any FHC would need prior approval from it. A FHC is a company that controls a group of financial institutions […]
These soft drinks contain aspartame — the sweetener WHO declared ‘possibly carcinogenic’
The International Agency for Research on Cancer (IARC) says aspartame, one of the most common artificial sweeteners, is a possible carcinogen. The announcement, made on Thursday, came after reports of an imminent declaration had begun circulating. To arrive at the determination, the IARC, the World Health Organisation’s (WHO) cancer research arm, conducted an […]
CWG 2022: Nigeria stripped of gold in women’s relay for doping
The Commonwealth Games Federation (CGF) has stripped Nigeria of the gold medal won in the women’s 4×100 meters event at Birmingham 2022. The quartet of Tobi Amusan, Favour Ofili, Rosemary Chukwuma and Grace Nwokocha claimed gold in the 4×100 meters race during last year’s Commonwealth Games (CWG). Nwokocha, who ran the anchor leg […]
Ambode visits Tinubu at Aso Villa
President Bola Ahmed Tinubu on Friday received Akinwunmi Ambode, a former governor of Lagos, at the Aso Villa. The meeting was the second time for both leaders since Tinubu became Nigerian president on May 29. Ambode, who was the governor of Lagos between 2015 and 2019, was present when the state government […]
Tinubu to attend AU mid-year meeting in Kenya
President Bola Tinubu will travel to Nairobi, Kenya, on Saturday to participate in the fifth mid-year coordination meeting (5thMYCM) of the African Union (AU), the regional economic communities (RECs), the regional mechanisms (RMs), and the AU member states. On July 9, Tinubu was elected as chairman of the Economic Community of West African […]
Pilots hospitalised as NAF aircraft crashes during training in Benue
A trainer aircraft of the Nigerian Air Force (NAF) has crashed in Markurdi, the Benue state capital. In a statement by Edward Gabkwet, NAF spokesperson, the trainer aircraft came down during routine training on Friday. Gabkwet said no death was recorded but two pilots who were on board are currently receiving treatment […]
UK work visa to now cost as high as £1,482, study visa to hit £417
The UK government says the state-funded national health service (NHS) will increase from £624 per year to £1,035 per year. According to the government, the cost of study visas is to also go up by 15 percent (from £363 to £417) and work visas by 20 percent (from £1,235 to £1,482 for a […]
WHERE ARE THEY NOW? 10 dead, many convicted… how Class of ’99 governors ended up
On Wednesday, President Bola Tinubu hosted some former governors, who were his colleagues, at the council chamber of the presidential villa in Abuja. The ‘class of 1999’, as they are referred to, were the first elected governors who served after the military era was halted and the fourth republic was welcomed on May […]
‘$500 monthly limit’ — Wema Bank lifts suspension of international transactions on naira cards
Wema Bank has lifted the suspension of international transactions on naira cards. In a note sent to its customers on Friday, the financial institution said it has imposed a $500 monthly limit on international spending conducted through its naira cards. Last year, many commercial banks in the country prohibited the use of […]
Access Bank to acquire Standard Chartered’s sub-Saharan African subsidiaries
Standard Chartered Plc says it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Access Bank, a subsidiary of Access Holdings. The multinational bank made this known in a statement released on Friday. In April 2022, Standard Chartered had said it would fully exit operations in seven countries in […]