Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable. A top employee of the bank informed TheCable that Otedola was “seriously irked” when he learned that a whopping sum was spent on a send-off party … Read more

Prominent activist and legal practitioner Dele Farotimi has been granted bail by the Ekiti state high court. The bail conditions include a sum of ₦50 million and a surety of the same amount, with the surety required to possess a landed property. The case has been adjourned to 29 January 2025 for further proceedings. Faoritmi … Read more

High-net-worth residents of the Federal Capital Territory would how have a specially designated tax unit at the FCT-Internal Revenue Service. Michael Ango, the acting executive chairman of the FCT-IRS said the service has created a dedicated unit to tax over 10,000 rich residents of the FCT. In a circular issued on Sunday in Abuja, Ango … Read more

The revitalized Port Harcourt Refining Company (PHRC) in Alesa Eleme, Rivers State, has become a source of concern as findings reveal it contributes significantly to the high cost of fuel in Nigeria. Despite substantial investments in its rehabilitation, the refinery is plagued by inefficiencies that prevent it from performing optimally, Business Hallmark has uncovered. The … Read more

The 2024 Edo Governorship Election Petition Tribunal has commenced its inaugural and pre-hearing session, to determine the fate of the suits seeking the removal of Governor Monday Okpebholo. The tribunal is set to hear seven petitions challenging the Independent National Electoral Commission’s (INEC) declaration of Okpebholo as the winner of the September 21 governorship election. … Read more

Labour Party’s governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has signalled his intention to contest again for the governorship position. Reflecting on lessons learned from the last election, he expressed determination to strengthen his political movement and stay visible in opposition politics. Speaking in an interview on Iyabo Ojo TV, Rhodes-Vivour criticized the trend of … Read more

German President Dr. Frank-Walter Steinmeier is set to visit Nigeria on a three-day official trip, starting from December 10 to 12. This visit marks the third high-level exchange between the two nations since President Bola Ahmed Tinubu’s inauguration in May 2023. During his visit, President Steinmeier will be accompanied by a delegation of top industry … Read more

Senator Orji Uzor Kalu, the former Governor of Abia State, paid a private visit to President Bola Tinubu at the Aso Rock Villa on Sunday night. The details of the visit were not disclosed to the public. “Tonight, I paid a private visit to His Excellency President Asiwaju Bola Ahmed Tinubu in his residence” Kalu … Read more

A former senator from Kaduna state, Shehu Sani, has commended President Bola Tinubu’s foreign trips, stating that they have been more productive than those of past leaders. The lawmaker said Tinubu’s travels have attracted significant economic gains for Nigeria, a notable departure from the wasteful foreign trips of previous presidents. Sani specifically highlighted the President’s … Read more

A classified US diplomatic cable leaked by WikiLeaks has revealed allegations of a bribery scandal involving Nigeria’s former president, Olusegun Obasanjo, and prominent lawyer Chief Afe Babalola. The document posted by former presidential candidate Omoyele Sowore alleged that the duo influenced a 2004 Court of Appeal ruling to favour then Adamawa State Governor Boni Haruna, … Read more