Monthly Archives: April 2018

Fidelity Bank declares N18.9 billion profit


Fidelity Bank Plc on Monday announced an impressive result for the year ended December 31, 2017 with a profit, after tax, soaring by 94 per cent. The bank in an audited result released by the Nigerian Stock Exchange (NSE) posted

US crude rises 47 cents, settling at $68.57, after Netanyahu claims evidence Iran sought nuclear weapons


Oil prices jumped after Israel’s Prime Minister Benjamin Netanyahu revealed files he claims show Iran ran a secret program to produce nuclear weapons. The oil market has been on edge ahead of a May 12 deadline, when President Donald Trump

Heavy Trouble as New MI-35M Combat Helicopters From Russia Land In Benue State


atest update according to a report by newsmen, The Nigeria Air Force (NAF) has taken delivery of two MI-35M combat helicopters as part of its efforts to contribute its quota towards ameliorating the security challenges in the country. Receiving the

Savannah Petroleum considers sell-down in Niger before first oil


West Africa-focused oil and gas group Savannah Petroleum (SAVP.L) is considering selling a minority stake in its Niger assets before first oil flows there, which is expected in 2021, Chief Executive Andrew Knott said on Monday. Savannah in 2014/15 was

IAEA helps Niger plan nuclear energy programme


An International Atomic Energy Agency (IAEA) team of experts has carried out an eight-day mission to Niger to review its infrastructure development for a nuclear energy programme. Niger’s economic development is hampered by a lack of consistent electricity supply and

Muslims call for joint protest with Christians over incessant killings


The Muslim Rights Concern, MURIC, has suggested that a joint protest by Christians and Muslims against the incessant killings going on in parts of the country be organized. While commending the Christian Association of Nigeria, CAN, over the peaceful nature

Nigeria: Financial Stocks Contribute 75% to NSE’s Turnover


The financial services industry dominated in volume terms at the end of last week’s transactions on the floor of the Nigerian Stock Exchange (NSE), leading the activity chart with 1.360 billion shares valued at N14.642 billion traded in 12,118 deals,

30-year-old Woman burns daughter with electric iron for lying


A factory worker, Mrs. Ayo Sheriff, is cooling her heels in a detention facility of the Lagos State Police Command, after allegedly inflicting serious injuries on her daughter electric iron, Aishat. Our correspondent learnt that the 30-year-old Ilorin, Kwara State

NDLEA raids Lagos Island, shoots guard , pupil others


No fewer than four persons, including a pupil and a security guard of Dolphin High School, Lagos Island, have been reportedly shot by operatives of the National Drug Law Enforcement Agency (NDLEA). The pupil, whose identity had yet to be

Pope Francis decries attack on Nigerian church as Christians protest killings


Pope Francis on Sunday decried an attack on a church in Nigeria during which two priests and other worshippers were killed. Associated Press reports that the pontiff spoke on Nigeria during his remarks to the public in St. Peter’s Square.