Stanbic IBTC Holdings Plc has successfully concluded its Rights Issue, raising N148.7 billion—exceeding the Central Bank of Nigeria’s (CBN) recapitalisation requirement. In a statement issued on Tuesday, the bank said the offer recorded an impressive oversubscription rate of 21.9 per cent, underscoring strong investor confidence and shareholder support. The capital raise, described as a strategic…
The Federal Capital Territory Administration (FCTA) has concluded plans to establish a Central Command and Control Centre for the deployment of technology to improve security in the territory. Mr Adamu Gwary, Director, Security Services Department, FCTA, disclosed this in Abuja on Wednesday, while interacting with journalists of efforts to improve security in the territory. Gwary…
The World Bank has approved a new project totaling 56 million dollars for upgrading roads in Laos, helping about 600,000 people access public services. It will also help markets more easily while making rural roads more resilient to climate change. The Laos Climate Resilient Road Connectivity Improvement Project will support the Lao government in improving…
Former Rivers State governor Rotimi Amaechi has joined protesters in Abuja as demonstrations against the Senate’s decision to reject mandatory electronic transmission of election results continued for a second day. The protests, held at the National Assembly Complex, began on Monday, with one faction led by Mr Peter Obi, the Labour Party’s presidential candidate in…
The Air Component of Operation Hadin Kai, has in a coordinated night airstrikes, annihilated a known terrorists’ command hub on the Mandara Mountains in Chikide and Degbewa areas of Borno. This is contained in a statement by the Deputy Director, Public Relations and Information, Nigerian Air Force (NAF), Group Capt. Kabiru Ali, on Tuesday in…
Hungarian Prime Minister Viktor Orbán is calling for a new EU strategy on Ukraine following Donald Trump’s victory in the U.S. presidential election. Orbán, at a summit of Turkic-speaking countries in the Kyrgyz capital Bishkek said Trump might halt U.S. aid to Kiev in its defence against Russia. “The question arises as to whether Europe…
The Managing Director, News Agency of Nigeria (NAN), Malam Ali M. Ali on Wednesday paid condolence visits to Mrs Aisha Buhari and Alhaji Mamman Daura at their residences in Kaduna. The managing director paid the visit alongside the Directors-General of the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN) , Abdulhamid…
North Korean soldiers have engaged in combat operations against Ukraine alongside their Russian allies, South Korea’s spy agency said on Wednesday. Seoul’s confirmation comes amid growing global criticism as the two countries strengthen military ties, after Pyongyang sent thousands of troops to Russia’s Kursk region to aid its war with Ukraine. “The National Intelligence Service…
The European Union on Tuesday reaffirmed its sovereign right to regulate economic activities within its borders, including rules affecting major technology firms. “It is the sovereign right of the EU and its member states to regulate economic activities on our territory, which are consistent with our democratic values,” said European Commission chief spokesperson Paula Pinho….
Retired Rear Admiral Bitrus Atukum, the former Military Governor of Plateau, has called on the Federal Government and the security agencies to find lasting solution to the incessant killings in the state. Atukum, who govern Plateau between January 1984 and August 1985, made the call in an interview with the News Agency of Nigeria (NAN)…
