Author: Newsjaunts
Abbey Mortgage Bank Plc lost about 27% of its market value in the equities market as investors trimmed their interest in the financial services company. Investors reacted negatively as the company obtained approval to raise N100 billion by way of issuance of shares, global depository receipts, loans, etc. The stock is now trading at a significant discount to N9.85 kobo, its 52-week high in the Nigerian equities market. According to data from the Nigerian Exchange (NGX) trading platform, the mortgage bank experienced strong sell pressure, closing at N5.58 on Friday when 2.017 million units valued at N11.550 million were traded.…
The market value of Sterling Financial Holdings Plc shrank by more than 5% in the equities market as investors, shareholders anticipate the release of its audited financial statement for year 2024. The share price closed lower at N5.65 in the equities segment of the Nigerian Exchange on Friday as investor sentiment waned. The financial services holding company that harbors Sterling Bank is trading at about a 12% discount to its 52-week high. Data obtained from the Nigerian Exchange put N256.832 billion as the market value of Sterling Financial Holdings Plc’s 45.457 billion shares outstanding. Breaching regulatory requirement, Sterling Plc has…
The Congress of the Nigeria Union of Journalists (NUJ), Ogun State Council, convened at the Aremo Olusegun Osoba Hall to discuss crucial matters affecting its members and the broader community. At this important gathering, a vote of confidence was passed in the leadership of Wale Olanrewaju, recognizing over sixteen significant projects executed in the council secretariat during his two-and-a-half-year tenure. The Congress also extended heartfelt congratulations to Governor Dapo Abiodun on his 65th birthday and the sixth anniversary of his administration, highlighting his exemplary governance and achievements that have positively impacted Ogun State. The successful hosting of the 2024 Gateway…
LAGOS.02.06.2025. Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion by partnering with domestic card scheme provider, AfriGo, to boost card usage across its retail customer segments. This pledge was made during a high-level strategic business engagement held at Unity Bank’s head office in Lagos on Friday, with AfriGo’s Executive Management team. Speaking during the session, Unity Bank’s Managing Director/CEO, Mr. Ebenezer Kolawole, stated: “We are committed to making the AfriGo Card a primary delivery channel for Unity Bank. As a national domestic card scheme, it deserves to be promoted both internally and externally as…
Governor of Anambra State, Professor Charles Chukwuma Soludo, extends his heartiest congratulations to President Bola Ahmed Tinubu on his successful two years of exemplary leadership. Governor Soludo commends President Tinubu’s bold and visionary economic reform policies, which have positioned the country on a trajectory of sustainable growth and development, despite temporary setbacks. According to the Governor’s Chief Press Secretary, Christian Aburime, Governor Soludo said President Tinubu’s game-changing initiatives, including the removal of fuel subsidies, foreign exchange reforms, and significant investments in infrastructure development, demonstrate his decisive commitment to building a prosperous nation. “President Tinubu’s courageous leadership in implementing necessary economic…
…holds singular honour of being the first and only entrepreneur to have won in both emerging and master categories in any region and being invited to global jury for 2nd year running
Abeokuta’s nightlife is about to reach new heights as the highly anticipated B&Y Royal Bar & Lounge launches in style this ILEYA Eve 2025! Guests will experience an electrifying evening of music, luxury, and pure entertainment, with an exclusive live performance by Fuji legend Alhaji Dr. Sefiu Alao (Agbara Orin)—guaranteeing a party that will keep the energy alive until the early hours. 📍 Venue: 3, Oke Ayo Street, Safari Junction, Onikolobo, Abeokuta, Ogun State⏰ Time: 2 PM till late💰 Gate Fee: Regular – N5,000 | VIP Gold Table for 10 – N250,000📞 Reservations & Enquiries: With top-tier security, an exceptional…
Jamara Home, Nigeria’s trusted wholesale and retail destination for premium electronics and home appliances, is celebrating this year’s Eid El-Kabir with an exciting promotion designed to bring more value to its customers. As Nigerians prepare to gather, host, and celebrate Eid El-Kabir, Jamara Home is offering something extra special: Up to 40% off on premium electronics and home appliances from trusted global brands. “Eid El-Kabir is a time for generosity, reflection, and quality time with family,” says Rabi Jammal, Managing Director of Jamara Home. “This promo is our way of helping customers bring more joy into their homes, with meaningful deals that…
With the launching of the pilot project in Isuanin Kura in Ibwa 2, Gwagwalada, on the outskirts of the Federal Capital Territory, Abuja, on Wednesday, the Federal Government’s aim to give digital access to 7,000 distant communities nationwide got underway. The project, which is being promoted by the Federal Ministry of Communications, Innovation, and Digital Economy in collaboration with Globacom and Huawei Nigerian Enterprises, will provide the more than 12,000 residents of the community with voice and data services, digital healthcare, and remote learning capabilities. Globacom and Huawei were lauded by Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital…
The Christian Association of Nigeria (CAN), South West Nigeria, on Thursday, 22nd May 2025, officially conferred its first-ever “Knight of Faith” title upon renowned business mogul and philanthropist, Aare Adetola Emmanuelking, in recognition of his dedication to the Christian faith, nation-building, and exemplary leadership in business and community development. The historic investiture, themed “Celebrating Distinction and Faithful Stewardship,” was held at the Garden of Faith, Abeokuta. The occasion also featured the induction of several eminent Nigerians as Distinguished Patrons of the association, including the Inspector General of Police, Dr. Kayode Egbetokun; the Deputy Comptroller General of Nigeria Customs, Barr. Olaniyi…