-
Nov 16, 2024 | 
nigerianobservernews.com | Happy Osagie |Edward Oseghe
At the sidelines of the Joint Arab-Islamic Summit in Riyadh, Saudi Crown Prince and Prime Minister Mohammed bin Salman reaffirmed Saudi Arabia’s support for Nigeria’s economic reforms and development goals. Crown Prince Mohammed bin Salman, meeting with Nigerian President Bola Ahmed Tinubu, emphasized Saudi Arabia’s dedication to fostering bilateral cooperation and pledged to explore multiple areas for partnership, including oil, agriculture, and infrastructure.
-
Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Happy Osagie |Okafor Vivian
The shareholders of First Bank of Nigeria (FBN) have collectively approved a total dividend of N14.4 billion for the financial year ending December 31, 2023. The approval was granted during the company’s 12th Annual General Meeting, which was held virtually.
-
Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Happy Osagie
The Edo State Governor, Senator Monday Okpebholo has hailed Edo Queens ahead of their last group match against Mamelodi Sundown of South Africa in the ongoing 2024 CAF Women’s Champions League in Casablanca, Morocco. Fred Itua, Chief Press Secretary to Edo State Governor, made the disclosure in an official statement on Friday. Okpebholo praised the Edo Queens for their achievements so far and charged them to beat the South Africans to enable them lead Group B into the semifinals.
-
Nov 15, 2024 | 
nigerianobservernews.com | Happy Osagie |Okafor Vivian |Lamai Cassius
…advocates phased subsidy removal for stabilityFormer Vice President Atiku Abubakar recently criticized President Bola Tinubu’s economic policies, particularly targeting the handling of Nigeria’s fuel subsidy, which he described as contributing to worsening economic hardship in Nigeria.
-
Nov 4, 2024 | 
nigerianobservernews.com | Oluwatunmise Omoseyin |Happy Osagie |Onyinyechukwu Ugwoke
In its recently released financial statements for the third quarter ended 30th September 2024 to the Nigerian Exchange Group (NGX), Transnational Corporation Plc. (Transcorp Group), Nigeria’s leading listed conglomerate, showcased an impressive performance amidst a challenging economic landscape. The Group recorded a remarkable revenue of N298 billion, representing a staggering 133 per cent increase from N128 billion achieved in the same period of 2023.
-
Nov 4, 2024 | 
nigerianobservernews.com | Oghenefegor Ekrebe |Oluwatunmise Omoseyin |Happy Osagie |Onyinyechukwu Ugwoke
Ghana is asking for a shared currency among West African countries to make it easier to buy fuel from the Dangote Petroleum Refinery and to help with other business deals. Mustapha Abdul-Hamid, the Chairman of the National Petroleum Authority in Ghana, spoke at the OTL Africa Downstream Energy Week, organized in Lagos. He pointed out that relying too much on the dollar is hurting local currencies and making them lose value.
-
Nov 4, 2024 | 
nigerianobservernews.com | Happy Osagie |Onyinyechukwu Ugwoke |Erhuvwu Etarhienyo
Stanbic IBTC Holdings Plc has recorded a remarkable 180 per cent rise in net interest income, fueled by the Central Bank of Nigeria’s (CBN) aggressive rate hikes in 2024. The bank’s financial report for the nine months ending September 2024, filed with the Nigerian Exchange Limited (NGX), shows strong performance across multiple revenue streams despite a challenging economic environment.
-
Oct 29, 2024 | 
nigerianobservernews.com | Oghenefegor Ekrebe |Happy Osagie |Teliat Sule
Kogi State Commissioner for Information Kingsley Fanwo, in a press release on Friday revealed that the Federal Ministry of Aviation and Aerospace Development has said yes to Kogi State’s plan to build an international airport in Zariagi. Fanwo emphasized that the government of Governor Usman Ododo is serious about finishing this project on time and will follow all the rules. He mentioned that having an airport in Kogi State would help not just the state but also 10 other states nearby.
-
Oct 29, 2024 | 
nigerianobservernews.com | Happy Osagie |Teliat Sule |Paulinus Nta
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has revealed that the Federal Government is exploring the possibility of issuing a diaspora bond in the United States in 2025. This move is part of a broader strategy to tap into the growing interest of Nigerians abroad in investing back home, particularly after significant reforms were introduced by the current administration in 2023.
-
Oct 29, 2024 | 
nigerianobservernews.com | Esther Ogbodo |Oghenefegor Ekrebe |Happy Osagie
The Vice Chancellor of Delta State University, Abraka, Professor Andy Ogochukwu Egwunyenga, has emphasized the importance of university professors making a tangible impact on their communities. In a statement at the weekend signed by Patrick Ijeh, Deputy Director of Ceremonials, Information and Public Relations, Delta State University, Abraka, noted that he delivered this message during his remarks at the university’s 109th Inaugural Lecture, held last Thursday in Abraka.
