Sterling Bank Plc shareholders on Thursday commended the bank’s financial performance and dividend payout for the financial year ended Dec. 31, 2019.
Speaking at the meeting, Mr Boniface Okezie, National Coordinator, Progressive Shareholders Association, lauded the bank’s board, management and entire workforce for their hard work.
“We are constrained by COVID-19 and cannot roll out the drums to celebrate the achievement of our bank today.
“All the same, we thank the board and management for the impressive outing in 2019 and the dividend recommendation.
“Looking at performance highlights, the bank has done a lot to grow our assets to N1.182 trillion.
“Loans and advances have also grown, operating income has grown, and our deposit base should hit N1 trillion by next year.
“We commend the board for retaining earnings, protecting shareholders’ funds, and ensuring there is no insider abuse as it relates to loans.
Mr Sunny Nwosu, National Coordinator Emeritus of the Independent Shareholders Association of Nigeria (ISAN), appreciated the increase in the bank’s demand deposit which went up by 47 per cent and described it as “quite good.”
Mr Mathew Akinlade, President, Noble Solidarity Shareholders Association (NSSA), also commended the bank for bringing down its Non-Performing Loans (NPL) ratio from 8.7 per cent in 2018 to 2.2 per cent in 2019.
Akinlade noted that the NPL was below the benchmark of five per cent prescribed by the Central Bank of Nigeria.
He lauded the bank for compliance which reduced penalties for contraventions in 2019 by 73.3 per cent when compared with 2018.
Addressing the shareholders at the meeting, Mr Asue Ighodalo, the bank’s Chairman, said its shareholders’ fund grew by 22.2 per cent to N119.6 billion.
He said this was because of increase in retained earnings, despite the challenging operating environment under which it operated during the review period.
Ighodalo said the rise in total equity was attributable to growth in comprehensive income arising from gains recorded from investments in debt securities.
He said that the Board of Directors recognised the importance of dividends to its shareholders and constantly sought to balance this with capital requirements to support the bank’s next wave of growth.
“Accordingly, the Board recommends the payment of 3k per share as dividend for the year ended Dec. 31, 2019 to reward our loyal and committed shareholders.
“This affords the bank the required buffer to finance its growth ambitions, and effectively become a first-class, stronger, creative and extremely dependable financial institution,” Ighodalo said.
The chairman said the bank consolidated its efforts in the mobilisation of deposits during the review period, thereby recording a 17.4 per cent growth in deposit base to N893 billion from N761 billion in 2018.
In his comments, the bank’s Chief Executive Officer, Mr Suleiman Abubakar, noted that, “For a bank to succeed in these uncertain times, it must be agile, cautious, innovative, knowledgeable and prepared.”
He said that the bank’s unwavering commitment to a more disciplined deployment of scarce capital and the strength of its retail business contributed to a 15 per cent growth in profit after tax to N10.6 billion.
Edited By: Tayo Ikujuni/Oluwole Sogunle (NAN)
We did not ask Adesina to step down for probe —- AfDB shareholders forum
The Bureau of the Boards of Governors of the African Development Bank (AfDB) on Thursday denied asking the bank’s President, Dr Akinwumi Adesina to step down for any probe.
KABA said there was no governance crisis at AfDB as was being speculated at certain quarters.
He cautioned that the bureau should be allowed to do its work and it would ensure due process as all governors would be carried along in resolving whatever the issues might be.
“The bureau of the Boards of Governors of AfDB met on Tuesday, May 26, to consider the matter arising from a whistleblowers’ complaint against the president of the bank which was dealt with by the ethics committee of boards of Directors of the bank.
“And for which I received letters from some stakeholders expressing various views.
“Following the meeting, my attention has been drawn to several publications in the national and international press regarding the content of the deluberations of the said meeting, and I’m compelled to make clarifications in other to avoid any misunderstanding.
“The bureau which I chaired wishes to reasure the publuc that it is treating the matter with the utmost seriousness that it deserves.
“The bureau wishes to informs the public that it has not taken any decision as was falsely conveyed in some publications,” he added.
Edited By: Ese E. Ekama (NAN)
CSCS shareholders approve N4.3bn total dividend for 2019
Shareholders of Central Securities Clearing System (CSCS) Plc, on Friday, approved total dividend of N4.3 billiion declared by the board for the financial year ended Dec. 31, 2019.
The dividend translated to 86k per share when compared with 70k per share paid in the comparative period of 2018.
Speaking to the shareholders at the meeting, Mr Oscar Onyema, CSCS Chairman, appreciated the resilience of the company and its performance amidst market volatility and waning transaction volumes in 2019.
“This sets of results and impressive returns to shareholders are commendable, particularly when put in the perspective of the relatively weak liquidity in the market in 2019.
“This feat reflects the tenacity of the management in diversifying the business and commitment to cost efficiency.
“Whilst transaction fees waned, it is satisfying that CSCS sustained both top and bottom-line growths, with revenue and profit before tax of N9.1billion and N6.3 billion respectively”, Onyema said.
Mr Haruna Jalo-Waziri, CSCS Managing Director, said that the performance was a result of commitment to superior value for shareholders.
“My colleagues and I remain committed to our earnings growth and cost efficiency philosophies, as we are driven by the ultimate objective of creating superior value for shareholders and enhancing market efficiencies.
“I am pleased with the 165 per cent growth in non-core earnings, reflecting our tenacity toward diversifying the business.
“More importantly, the overall performance reflects the pay-off of our painstaking investment in people and new technologies, as we strengthen our capacity to serve our participants better and meet anticipatory need of the market.”
“Notwithstanding the inflationary environment, we closed 2019 with 31.5 per share cost-to-income ratio, demonstrating continuous improvement in cost efficiency.
“As we deliver on our strategic initiatives aimed at enhancing the post-trade segment of the Nigerian capital market, we are upbeat on the earnings outlook of the company, with expectations of delivering superior returns to shareholders over the long term,” Jalo-Waziri said.
He said that the company would continue to strengthen its partnership with all market stakeholders toward deepening the market for mutual growth.
“In 2019, we seamlessly delivered on our core responsibilities of safe depository, clearing and settlement of capital market transactions, but these do not excite us, as we are not in business for these table stakes, which we consider to be routine.
“We have greater and audacious ambitions of partnering with our stakeholders in realising the huge potential of the Nigerian capital market through innovations.
“I am pleased that we are laying solid foundations for creating value and impactful innovations for the Nigerian market, even as we reckon the odds”, Jalo-Waziri added.
On coronavirus pandemic, Jalo-Waziri said that the company activated its Business Continuity Plan requiring staff to work from home well ahead of the Federal Government’s lockdown in Lagos, Ogun and Abuja.
He said, “I am happy to report that we continue to seamlessly serve the market remotely, extracting the benefits of our proactive investments in new technologies and people.
“Whilst operating remotely over the past eight weeks, we continue to record 99.99 per cent uptime across all our channels, with a resounding commitment to efficiently support all primary and secondary market transactions through this challenging time, and always.”
Edited By: Oluwole Sogunle (NAN)
Real time trading, helping capital market to thrive — shareholders’ association
Akinduro made this known in an interview with the News Agency of Nigeria in Ibadan.
He commended the leadership of the Nigerian Stock Exchange (NSE) for being proactive in setting machineries in motion for such a time as this.
“As one of the players in the market, I can say that the market is really encouraging.
“It is very active in the sense that we are getting more bullish period (Stock Market characterised by rising share prices).
“Economically, if we should look at it, by now we should not have such a thing because there is not much activity in the economy.
“But when you look at our market at times, what is driving our market is quite different from finance, as we can see it in the market presently,’’ he said.”
“The lockdown has not really affected the market negatively because we can see that some of the companies are really performing well now.
“But one thing we know which I am quite sure of is that we are going to see the likely reverse aspect of the market at the end of the day.
“It may not be in the long term but in the short term because the market is one that is progressing,” he said.
The trend we are passing through presently would affect the market but it would be in the long term.
“When we look at some of these companies that are in the market, they are really making good business now.
“And at the end of the day, the report they will give as their quarterly report will be very encouraging, I am quite sure,” he said.
According to him, the manufacturing companies, beverages and others are earning good money now unlike some other sectors like hotels and the likes.
“Some of the companies will surely give us good reports but we cannot rule out that the market will definitely feel the heat after this period.
“But one thing I know is that, it is not going to be for the long term but for the short term and at the end of the day the market will definitely correct itself.
“This will make investors to keep on enjoying themselves,” he said.
Akinduro also said the electronic means of transactions had been effective and helpful in the capital market.
“It seems our operators of the capital market have helped our economy by going ahead of this current situation.
“The leadership of the Nigerian Stock Exchange at this present time envisaged this and has put every stock broking firm on their toes to ensure that they are up to the task.
“As you can see now, there is no physical trading but trading is going on online and investors are participating.
“That is why when you have leadership they should see challenges ahead before it turns to problem.
“They have envisaged this before now and we thank God that the real time trading is really helpful to investors now and we are enjoying it.
“If I have anything to buy today and I instruct my broker before noon, I get the alert that is to show us the proactiveness of the NSE and the capital market.”
Akinduro said if NSE had planned for such a time as this, he believed there would not be any way the investors could be participating in the market as at now.
“They are aware of this and have put a tough strategy in place so we don’t feel the heat of the lockdown on the market as everything is going on as it ought to be,” he said.
NAN reports that the association has members in Ekiti, Kwara, Ogun, Ondo, Osun and Oyo States.
Edited By: Dorcas Jonah/Ese E. Ekama (NAN)
Shareholders urge new SEC D-G to initiate investor-friendly policies
The Progressive Shareholders Association of Nigeria (PSAN) has advised Mr Lamido Yuguda, the new Director-General, Securities and Exchange Commission (SEC) to initiate policies to woo investors back to the market.
Okezie said the new D-G should embrace policies that would woo retail investors back to the market, especially those who left due to losses recorded during the global financial meltdown.
He also tasked Yuguda to reduce transaction charges on the Nigerian Stock Exchange (NSE) so as to deepen investment in the capital market.
He stressed the need for the new D-G to strengthen relationship between the commission and shareholder groups in the market.
According to Okezie, there is a need for a round table discussion between the commission and shareholders on ways to move the market forward.
He urged him to give the capital market a new direction to boost investors’ confidence.
Okezie observed that investors’ confidence in the SEC, in the last two years, had been affected as there was no substantive D-G for the period.
He, therefore, commended President Muhammadu Buhari for appointing Yuguda.
He urged Yuguda to ensure round pegs were fixed in round holes in the commission for effective service delivery.
The development ended uncertainties around the leadership of SEC since the suspension of a former D-G, Mr Mounir Gwarzo, by a former Minister of Finance, Mrs Kemi Adeosun.
In a letter read at the Senate, Buhari had requested the red chamber to consider and approve the nomination of Yuguda as SEC D-G in line with the requirements of the “Investment and Securities Act’’.
Also to be confirmed are three other nominees as full-time SEC commissioners.
They are Reginald Karawusa, Ibrahim Boyi and Obisan Joseph.
Edited By: Johnson Eyiangho/Abdulfatah Babatunde (NAN)
Shareholders applaud Union Bank’s enhanced profitability in 2019, approve dividend
Shareholders of Union Bank of Nigeria (UBN) Plc have commended the board and management for enhanced profitability achieved in 2019 financial year.
The bank, in a statement, said the shareholders gave the commendation at its first ever virtual Annual General Meeting (AGM) on Tuesday in Lagos.
Mrs Beatrice Hamza Bassey, the bank’s Chairman, was quoted in the statement as saying that 2019 was a very impressive year.
Bassey highlighted some of the bank’s key achievements in 2019 as the launch of alpher, the bank’s proposition for women, and the introduction of digital loan offerings.
She said that the issuance of a fully subscribed Tier-2 N30 billion bond and the board’s recommendation of a dividend payment to its shareholders owing to its overall strong performance were also major achievements of 2019.
“On behalf of the board, I am pleased to inform our shareholders that we have recommended a dividend payment for the first time in over a decade.
“We remain committed to delivering high-quality earnings to our shareholders, and I am pleased to announce we were able to deliver this in 2019, despite the challenging operating environment.
“We remain focused on delivering value to our shareholders as we continue to drive growth and profitability of our business towards sustaining this trend,” she said.
Commenting on the bank’s performance in 2019 and plans for 2020, Mr Emeka Emuwa, its Chief Executive Officer, said it emphasised revenue productivity and efficiency across board.
“In 2019, we continued to emphasise revenue productivity and efficiency across all facets of our business.
“We were focused on further leveraging the platform (people, technology, brand and infrastructure) we have steadily built over the years to drive sustainable growth in earnings and profitability.
“Our efforts yielded positive results as we witnessed major feats across all our priority areas.
“We remain committed to delivering improved profitability and higher returns in 2020 and beyond.
“Returning value to our shareholders has been at the core of Union Bank’s transformation and continuous drive to become a leading financial institution in Nigeria.
“Notwithstanding the tough operating environment, we remain focused on our strategy and ambition as we strive towards achieving our ambition to be Nigeria’s most reliable and trusted banking partner,” Emuwa said.
The shareholders at the AGM approved the recommended dividend of 25k per 50k ordinary share.
Major highlights of the bank’s financial performance in 2019 show that profit before tax grew by 33 per cent to ₦24.7 billion from ₦18.7 billion in 2018.
Gross earnings grew by 14 per cent to N159.9 billion from N140.1 billion in 2018.
Customer deposits also increased by five percent to ₦ 886.3 billion compared with ₦844.4 billion in 2018.
Edited By: Oluwole Sogunle (NAN)
Access Bank 2019 performance, dividend payment excite shareholders
Access Bank Plc shareholders on Thursday commended the board, management and staff for the impressive performance recorded in 2019 financial year in spite of challenging operating environment.
Speaking at the meeting, Mr Sunny Nwosu, Founder, Independent Shareholders Association of Nigeria (ISAN), lauded the bank for improved results and dividend payment.
He said Access Bank had a good foresight by merging with defunct Diamond Bank Plc.
“The professional and seamless manner with which the integration was done should be commended and shareholders appreciate the board and management,”Nwosu ssid.
According to him, the future remains very bright for the all shareholders, considering the synergy the merger has brought to the bank.
He said that they would also benefit from the expertise the management and staff continued to deploy to maintain a leading role in the retail banking space.
Also speaking, Mrs Bisi Bakare of Pragmatic Shareholders Association of Nigeria, noted that unlike some of its competitors, the bank had recorded increased profit in the past three years.
“Shareholders have confidence in the board and management to continue to deliver improved performance, going forward,” she said.
In his address, Dr Herbert Wigwe, the bank’s Group Managing Director/CEO, said the group delivered a 26 per cent increase in gross earnings of N666.8 billion, from N528.7 billion in 2018.
According to him, the company recorded interest income growth of 41 per cent from previous levels to N155.9billion, despite declining interest rate environment.
“The effects of an enlarged loan book contributed significantly to the interest income growth of N155.9 billion (+41 per cent y/y), leading to strong bottom-line figures.
“The net effect on operating income resulted in strong profit before tax (PBT) of N115.4billion, as against N103.2 billion achieved in 2018.
“The strength of the performance reflects a growing franchise supported by digital capabilities and improving customer service touchpoints.
“The retail business gained momentum, leveraging opportunities in key sectors to consolidate market share dominance through our digital loans.
“The wholesale business also continued to soar in the year, following intense marketing drive and continued investment in the sector to deliver stronger synergies,” he said.
Wigwe said the bank ended the year with profit after tax of N97.51 billion, up from N94.98 billion in 2018, and paid a final dividend of 40k to bring the total dividend to 65k per share.
Wigwe explained that the merger with Diamond Bank produced a truly diversified institution with remarkable retail presence and solid wholesale market share.
“This has propelled us towards achieving our five- year strategic objectives to create the largest bank in Nigeria by total assets as well as largest in Africa by customer base with over 36 million unique customers across the network.
“Using an agile approach and with strong dedication, we have achieved a significant milestone in financial services on the continent whilst delivering the fastest and most seamless customer integration globally.
“With the emergence of the new entity, the bank is well-positioned to cater to the retail business through a broader reach and product offerings tailored to individual customer needs and delivered efficiently.
“Access Bank is now a tier one retail banking franchise with strong digital payments capabilities and benefiting from a diversified business mix,” he said.
Wigwe said the bank was already addressing the issue of high operating expenses and taking drastic measures to ensure that expenses were reduced significantly.
He said that the effect would be felt mostly in the second, third and final quarter of 2020.
Speaking on how Access Bank was running its business in the COVID-19 period, the GMD assured that it had put in place a robust business continuity process, enough to sustain its performance going forward.
“We set up links with our customers and many ways of reaching out to our customers three or four times in a day.
“This happened even before we started working with the larger society and enabled us to start fighting this pandemic.
“So, Access Bank has put a system in place and is now working with CACOVID to make sure that everyone knows what he is doing,” he said.
Edited By: Angela Okisor/Oluwole Sogunle (NAN)
FBN Holdings shareholders endorse N13.64bn dividend in 2019
Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended Dec. 31, 2019.
The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by proxy monitored live on You Tube by the News Agency of Nigeria in Lagos.
NAN reports that the dividend translated to 38k per share, compared with 26k paid in the comparative period of 2018.
Speaking at the meeting, a shareholder, Mr Matthew Akinlade, commended the company for the dividend and impressive results achieved in 2019 in spite of challenging business environment.
Akinlade said that the company’s operating indices showed that a lot of progress was recorded in 2019.
“Looking at the various indices, it shows the company has made a lot of progress in 2019 in spite of difficulties encountered during the period,” he said.
Akinlade said shareholders were very happy with enhanced dividend declared by the company during the period, urging that it should be improved upon in the years ahead.
Mr Sunny Nwosu, Founder, Independent Shareholders Association of Nigeria ((ISAN), said the dividend approved was well appreciated by the shareholders.
Nwosu, who described the dividend as good thinking, good product, called on the board and management of the company to ensure enhanced performance in future
Mr Adebayo Adeleke, another shareholder, commended the company for outstanding performance it recorded in 2019.
Adeleke advised the company to reduce the level of concentration in oil and gas sector in view of current oil prices and local deregulation.
He said that sectoral allocation to agriculture sector, presently at 3.2 per cent, should be reviewed in line with present realities.
Adeleke lauded the company for reduction in impairment charges as well as Non Performing Loan (NPL) which stood at 9.9 per cent in 2019 against 24.7 per cent in 2018.
He, however, urged investors to take advantage of the current company’s price trading at a great discount to increase their stake.
Responding, Mr Urum Kalu Eke, the company’s Group Managing Director, assured the shareholders that FBN Holdings would continue to improve on its performance and NPL in the years ahead.
Eke said loans given out in the last three years were within NPL of less than one per cent.
He told the shareholders that the group’s commercial bank subsidiary had been cleaned and transformed.
According to him, the commercial bank in 2019 paid dividend to the holding company for the first time in five years.
Speaking on its insurance subsidiary, Eke said the company had not sold the insurance business to anybody.
He said the company was still discussing with its partners, noting that its primary business was to invest or divest a business.
Eke noted that enhancement of shareholders value would remain paramount in any business decision.
“We will make full disclosure at the end of the decision, but whatever decision that will be made will be in the interest of shareholders and to strengthen the holding company,” he said.
Dr Adesola Adeduntan, FirstBank Chief Executive Officer, said the bank had invested heavily in technology and human capital to maintain leadership in the industry.
Adeduntan said the bank was a clear leader when it came to electronic business, with large volume of transactions in ATMs, USSD and agency banking, among others.
He disclosed that 23 per cent of the traffic of e-channels in the country was controlled by the bank.
Adeduntan said the bank remains the biggest lender to the agriculture sector and would continue to partner with the Central Bank of Nigeria to strengthen the sector.
“But we will not do it to the detriment of depositors and shareholders money,” he promised.
Edited By: Oluwole Sogunle (NAN)
Lockdown: Shareholders’ association optimistic on capital market
Mr Eric Akinduro, the Chairman of Ibadan Zone Shareholders Association, has expressed optimism of a positive outcome for the capital market inspite of the lockdown due to the COVID-19.
In an interview with the News Agency of Nigeria on Tuesday in Ibadan. Akinduro said there had been considerable activities in the capital market.
“The situation we find ourselves in is one which nobody envisaged and we don’t have an option than to cope with what is happening now particularly in the capital market.
“The capital market cannot be exempted from what is happening in the economy; though now the capital market is still very active but not as strongly as we expected as shareholders.
“If you look at the capital market, the activities within two to three days seem positive because we see appreciation of some stocks in spite of the lockdown.
“We only pray for the situation not to last long and with time we believe everything will be okay,” he said.
He, however, noted that some shareholders were not comfortable with the holding of Annual General Meeting (AGM) by proxy.
Akinduro said his association was not against AGM by proxy, which he described as ” a child of circumstance.”
“I think as shareholders we need to support companies coming up with proxy AGM as whatever any shareholder wants to suggest or criticise with the companies can be done outside AGM.
“There is always room for you as a shareholder to pass your constructive criticism or suggestions to the board of the company either online or otherwise.
“So AGM floor is not mainly for shareholders to continue to criticise or make suggestions, it can be done when it is not AGM period.
” Especially for shareholders that reside outside Lagos, we do not really object to what the companies are doing because if we have any feedback we know the channel to the companies.
“To this end, we are not against companies holding AGM by proxy, let them just do what is right.
“So far they are doing what is right as the managers of our investments; so they should do the best to move the company and our investment forward,” Akinduro said.
Speaking on the issue of dividend payments, the chairman said that since there was lockdown everywhere, shareholders need something to cushion the effect of the current lockdown.
“So if our dividend is going to be paid during this lockdown, it is a welcome development to the shareholders.
NAN reports that Ibadan Zone Shareholders’ Association has membership drawn from the six states of Ekiti, Kwara, Ogun, Ondo, Osun and Oyo.
Edited By: Bayo Sekoni/Mufutau Ojo) (NAN)
Shareholders applaud GTBank’s decision to hold AGM by proxy
Shareholders of Guaranty Trust Bank (GTBank) Plc. on Thursday lauded the bank’s decision to go ahead with the 2019 Annual General Meeting (AGM) in spite of COVID-19.
NAN reports that GTBank on March 25, in a notice to its shareholders and the Nigerian Stock Exchange (NSE), said that the Corporate Affairs Commission granted its request to hold the meeting by proxy.
According to Investopedia, proxy is an agent legally authorised to act on behalf of another party or a format that allows an investor to vote without being physically present in a meeting.
Shareholders not attending a company’s AGM may vote their shares by proxy by allowing someone else to cast votes on their behalf, or they may vote by mail.
“We are pleased to inform you that the Corporate Affairs Commission has graciously approved that the AGM should hold with attendance by proxy, to minimise social contact.
“Shareholders are encouraged to appoint proxies to represent them at the meeting, as the company would abide by the Lagos State Government directive of not having more than 25 people in a gathering (or any number as may be permitted at the date of the meeting),” the bank said in the notice.
Commenting on the issue, Mr Moses Igbrude, immediate Publicity Secretary, Independent Shareholders Association of Nigeria (ISAN), commended the bank for the idea.
“Necessity, they say, is the mother of invention.
” Many companies postponed their AGMs because of COVID-19 pandemic, but GTBank decided to be strategic by exploiting other available ways of holding AGM instead of postponing it and delaying dividend payment which shareholders need most at this critical time,” Igbrude said.
The shareholder activist said that the bank had proved to be strategic and innovative.
He said that ISAN had nominated its Founder, Mr Sunny Nwosu, to be its proxy at the AGM.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., also hailed the bank for the initiative.
“It is a welcome development.
“The bank has domonstrated commitment to creating value for its shareholders for having faith in its management.
“It is also an indication that investors will get their dividends needed at this trying period,” Omordion said.
Edited By: Olawunmi Ashafa/Ijeoma Popoola
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- Israeli scientists find way to overcome melanoma cells’ drug resistance
- Kyrgyzstan prepares for resuming international flights
- Nigerian Army donates vehicle to NIPR
- Morocco confirms 81 new COVID-19 cases, 8,003 in total
- FG ‘ll continue campaign for productivity, better governance – Information Minister
- United States jobless claims climb by 1.88 mln last week amid COVID-19 pandemic
- COVID-19: Unilorin mosques remain close – Chief Imam
- Ekiti APC mourns ex-Governor Olumilua
- Enugu Assembly confirms re-appointment of Emeka Odo as BIR chairman
- NiDCOM, Lebanese embassy collaborate to return stranded Nigerians
- Palestinian National Council stresses ending agreements with Israel, United States
- Insecurity: House of Reps invites NSA, security chiefs, IGP, DSS
- 20-odd airlines to resume flights to and from Cyprus
- Sports Festival: Oyo govt. rewards 2018 athletes, officials with N39m
- NE China city expands COVID-19 tests
- Weekly storage of natural gas in United States up 3.9 pct: EIA
- FCTA issues guidelines for reopening places of worship
- Actors Guild set to eradicate sexual abuses in Nollywood —- National President
- 19 IS militants killed in airstrikes by int’l coalition aircraft in Iraq
- Death: Cleric admonishes Nigerians to live exemplary lives
- Ukrainian parliament appoints new deputy PM for Euro-Atlantic integration
- Italy’s COVID-19 death toll rises by 88 to 33,689
- Normal life in Tunisia resuming after lifting of COVID-19 lockdown
- Olumilua ruled with fear of God, love for masses – Rep
- Legislative, Judiciary Funds bills will promote democratic ideals – Ogun lawmakers
- MWAN leads online protest over murder of UNIBEN student
- Police arrests man over alleged rape of 85-year-old woman in Niger
- S. African gov’t to appeal court ruling invalidating some lockdown regulations
- Anambra poll: Aspirant urges PDP to reconsider zoning of ticket
- Police Command rescues kidnapped mother of Yenagoa LGA Chairman, SPDC workers
- Ethiopian food delivery startup rides to restaurants’ rescue
- UN condemns attacks on aid workers in Cameroon’s restive Anglophone regions
- Urgent: Burundian court confirms Evariste Ndayishimiye’s victory in presidential election
- ‘Chernobyl’ tops TV award list as BAFTA lines up live show
- Firemen rescue 30-year-old man from well in Kano
- Nigerian air force confirms killing of over 300 bandits in NW region
- African govt to appeal ruling declaring some COVID-19 measures invalid
- India pledges 15 million USD to international vaccine alliance
- Nigeria bourse succumbs to profit taking, loses N50bn
- COVID-19 lockdown shrinks S. African economy
- Edo Assembly condoles with APC Youth Leader over father’s death
- United States Navy veteran leaves Iran after nearly two-year custody
- FCTA minister says renovation of 12 PHCs will be completed soon
- COVID-19: PTF decries refusal of citizens on contact tracing, isolation
- Turkey, Libya to enhance cooperation in Eastern Mediterranean: Turkish president
- Boko Haram: Drivers offer free rides to returning residents of Auno
- COVID-19: NGO donates kits worth N500,000 to Badagry Council
- Namibia to introduce more refined basic income grant
- BudgIT seeks improved standardisation of Open Treasury portal
- South Sudan denies offering Egyptian military base bordering Ethiopia
- Erdogan says Turkey to increase support for Libya’s Serraj
- COVID-19: Nasarawa lifts ban on commercial motorcycles, open markets
- COVID -19: Gov.’s wife trains 60 women on face masks, hand sanitisers production in Zamfara
- 2nd LD Writethru: ECB expands pandemic purchase program by 600 bln euros
- Spain backtracks on decision to open land borders before end of June
- UN Decade of Action: Stakeholders harp on enforcement, education to reduce road accidents
- Heavy rains, floods leave 10 killed in southeastern Yemen: official
- Fayose, Olujimi mourn passage of Olumilua, ex-Ondo gov.
- FBNQuest educates Nigerians on estate planning, wealth transfer
- Operation Katsina: Military eliminates 392 bandits since commencement of operation – DHQ
- UN Security Council extends mandate of Darfur mission, sets up follow-on presence
- Kaduna draws modalities on safe reopening of state
- Urgent: UK COVID-19 deaths hit 39,904 as another 176 patients die
- Kaduna Electric urges public to disregard energy allocation on social media
- Lebanon to create fund to support local SMEs with financial problems
- NPA expects 17 ships with petroleum products, others at Lagos Ports
- Interview: China’s global stewardship key to revitalizing biodiversity conservation: UNEP
- India gov’t releases funds to states to meet expenditures, pay salaries
- Power: Senate probes N1.8trn intervention fund
- Banditry: Don’t give breathing space to bandits –Chief of Air Staff urges NAF Special Forces
- UN chief hopes for COVID-19 vaccine as global public good
- Security heightened in Sri Lanka as 2-day nationwide curfew gets underway
- COVID-19: Group donates hygiene packs to NUJ
- Passenger numbers at Portuguese airports down 15.4 pct in Q1
- COVID-19: Group wants adequate preparations by NFF before resumption of domestic league
- Thai agriculture ministry to join hands with Chinese e-commerce giant to tap into international online market
- Yao Ming on CBA restart: “Everything is just beginning”
- Eastern forces quit Libyan capital after year-long assault
- Lockdown: NSCDC in Kaduna arrest 21 suspects in hotels
- Angola redoubles border surveillance amid fears of reported Ebola cases in DR Congo
- Osun Assembly pledges improved public works, transportation
- Roundup: Young Japanese being hit by new wave of COVID-19 infections in Tokyo
- One NYPD officer stabbed, two shot in hand during attack
- Kudirat Abiola: Women Arise marks 24 years remembrance of late MKO’s wife
- UK new car sales collapse in May as lockdown continues to impact market
- 76% COVID-19 patients in Kano male – official
- FOMWAN condemns murder of Bello, seeks probe of cases
- C’River commissioner tasks newly elected LG chairmen on leadership
- Financial autonomy will radically transform state judiciary – Ex-NBA chairman
- COVID-19: NOA begins motorised sensitisation in Nasarawa
- Thai gov’t hints at allowing reopening of high-risk businesses for next phase of lockdown relaxation
- N3.9bn Light project: Kwara Legislature demands prosecution of Ahmed, Ogunshola
- Buhari mourns ex-Governor Bamidele Olumilua
- UK defends digital service tax against United States investigation
- Correctional Service to establish studios to record inmates’ evidence, says AGF
- 9 ships expected at Delta ports – NPA
- Indian state allows inter-district transport within Mumbai Metropolitan region
- Face masks made mandatory at Danish airports
- Economic institutes, industry welcome Germany’s stimulus package
- China adjusts plans for int’l inbound passenger flights
- OPEC+ cuts responsible for current oil market stability — Barkindo
- Japan gov’t seek measures to combat cyber-bullying, eyes new legislation
- ASEAN, China, Japan, S.Korea vow to keep open markets against COVID-19 epidemic
- LCCI, MAN praise CBN’s bailout funds for economic recovery
- Obaseki announces Ohonbamu’s replacement as Commissioner for information
- Thailand develops odour-proof boxes to store durian for international shipments
- It’s up to states to choose type of guber primary to adopt, says Edo APC Chairman
- Ekiti Speaker pays tributes to late Olumilua