CBN releases $265 million to airlines amid flight suspension threats The Central Bank of Nigeria (CBN) on Friday said it has released $265 million to airlines operating in the country to settle outstanding-trapped funds from ticket sales. In a statement issued by the bank’s corporate communications director, Osita Nwanisobi, it said the CBN governor, Godwin Emefiele, and his team were concerned about the inability of airlines to repatriate their funds from Nigeria and what it portends for the sector and travellers as well as the country in the…
Dele Momodu Hosts Former PDP Presidential Aspirants Ovation Media Group Chairman and former Presidential aspirant of the Peoples Democratic Party, Bashorun Dele Momodu, Friday, hosted some former PDP presidential aspirants at his residence in Lagos. Those hosted were Mrs Tari Oliver, Charles Ugwu, Chikwendu Kalu and Mazi Sam Ohuabunwa. Noting that he was “honored to host our first meeting at The Penthouse in Lagos”, Momodu said, “the duty of every responsible party man or woman is to work hard for the victory of your political party.” “This …
Tambuwal promises to support, domesticate Senior Citizens Act Gov. Aminu Tambuwal of Sokoto State has assured of maximum support towards the domestication of the National Senior Citizens Centre (NSCC) Act and the implementation of policies on ageing for older persons in the state. Tambuwal stated this when he received the Director-General of the National Senior Citizens Centre (NSCC), Dr Emem Omokaro, and the management team on a courtesy visit on Friday. The governor, who was represented by Secretary to the State Government (SSG), Mr Mainasar…
Incarceration: I Feel Sorry For You, Inibehe Effiong Tells Akwa Ibom CJ Lawyer and human rights activist, Inibehe Effiong, has reacted to his one-month incarceration at the Uyo Custodial Centre in Akwa Ibom State, saying he feel sorry for those who thought they can break his spirit by incarcerating him. Effiong, who took to his verified Twitter handle shortly after his release from prison on Friday, having served the one-month jail term as ordered by the Chief Judge of Akwa Ibom State, Justice Ekaette Obot, said he was back stronger and more…
JUST-IN: NBC Suspends Shutdown Of Debtor Broadcast Stations The National Broadcasting Commission (NBC) has temporarily suspended the shutdown of debtor broadcast stations. It was reported that the NBC had earlier on Friday, August 19, 2022, issued a shutdown notice to licensees that were indebted to the Commission to the tune of N2.6 billion. Following the ultimatum, the director general of NBC, Balarabe Shehu Ilelah, this Friday in Abuja, said the Commission has received positive responses from the debtor Licensees, including big players in t…
Ondo Govt Elevates Monarchs, Orders Arrest Of 2 The Ondo State Executive Council has upgraded some traditional rulers across the state to different grades, but however ordered the arrest of two others over what it referred to as unlawful coronation. Briefing journalists shortly after the weekly State Executive Council meeting on Wednesday, the Commissioner for Information and Orientation, Mrs. Bamidele Ademola-Olateju disclosed that the Council equally resolved and regularised disputed stools in the state. Some of the Obas upgraded from grade …
Guaranty Trust HoldCo Is The Best Dividend Stock To Buy Guaranty Trust Holding Company (GTCO) Plc is the best dividend paying company in Nigeria, as investors are getting back more for each Naira they invest in the equity position. The lender’s stock has a dividend yield of 17.18 percent, which is higher than United Bank for Africa’s, (14.18%); Zenith Bank, (14%); AXA Mansard, (13.89%); United Capital, (12.61%); Total, (10.52%); Stanbic IBTC, (10.53%), and Access Bank, (8.43 percent). Dividends provide steady income to investors and most of th…
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