Global Banking & Finance Awards 2022: Fidelity Bank Wins Best SME Bank Nigeria

By NewsBits Fidelity Bank Plc has been announced as the 2022 Best SME Bank in Nigeria by the Global Banking & Finance Review at its Annual Global Banking & Finance Awards which held in London, United K ingdomrecently. Global Banking & Finance Review is the leading online, digital, and print magazine for the banking and financial sector. The website receives over seven million page views each year thanks to its balanced views and informative, independent news centered on the financial sector. The Global Banking & Finance Awards was created to…

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Governor Sanwo-Olu Signs N1.76trn Lagos ‘Budget Of Continuity’ Into Law

By NewsBits Mr Babajide Sanwo-Olu, the Lagos State governor has signed the State’s N1.768 trillion “Budget of Continuity” into law to consolidate development strides of his administration and satisfy the yearnings of the residents. The Governor said the fiscal document not only “aggressively” focus on completing ongoing capital projects, it would also expand intervention programmes and intensify social support to citizens and their means of livelihoods. The budget was assented to at a short ceremony held at the Governor’s Office in Alausa. Sanwo-Olu said the spendings would further demonstrate his…

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Supreme Court Affirms Honeywell’s N5.5billion Indebtedness To Ecobank

By NewsBits In what will go down the financial history book in Nigeria, Ecobank on Friday recorded a major victory at the Supreme Court when the bank won a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Limited, and Siloam Global Limited. The Supreme Court had dismissed an appeal by Honeywell Flour Mills Limited challenging the judgement of the Court of Appeal in the debt dispute with Ecobank Nigeria Limited. The five-member panel of the Supreme Court, led by Tijjani Abubakar, delivered the judgement that Honeywell,…

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Buhari’s Appointments Are Lopsided On Basis Of Nepotism, Mediocrity And Disregard Of Merit And Competence – Obasanjo

By NewsBits Consistent and outspoken Nigeria’s former President Chief Olusegun Obasanjo has once again criticised appointments of incumbent Nigeria’s President Muhammadu saying they are skewed and lopsided on the basis of nepotism, and mediocrity. Obasanjo who stated this in a speech entitled, ‘The quest for unity in Nigeria and the role of unity schools,’ which he delivered at the 50th anniversary of Federal Government College, Kaduna, at the weekend, also said merit and competence in the appointments have gone to the dogs in Nigeria with the Buhari administration. He regretted…

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Sanwo-Olu Harps On Training As NUJ Opens Remodelled Secretariat

By NewsBits The Lagos State Governor, Mr Babajide Sanwo-Olu, on Saturday urged the Nigeria Union of Journalists (NUJ) to ensure training and re-training of reporters to curb quackery and fake news. Sanwo-Olu made the call at the inauguration of the remodelled Lagos NUJ Secretariat and conferment of Grand Matron Award on Rev. Mother Esther Ajayi, Founder, Love of Christ Generation Church C&S. The News Agency of Nigeria (NAN) reports that Ajayi was honoured for moving in her construction workers to take over the remodeled secretariat project from 30 per cent…

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World Leaders Call For Restraint In Escalating Israeli-Palestinian Violence

By NewsBits World leaders on Saturday condemned the escalating violence in Israel and the Palestine territories and called for calm after a series of deadly incidents in the West Bank and Jerusalem. An Israeli raid in the Jenin refugee camp on Thursday killed nine Palestinians. This was followed by a deadly shooting outside a Jerusalem synagogue on Friday and a gun attack by a 13-year-old Palestinian boy that wounded two in the city on Saturday. United Nations UN Secretary-General Antonio Guterres said the “terrorist attack” outside the Jerusalem synagogue that…

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Currency: N100, N50 Notes Flood Awka As Residents Rush To Dispose Old Bills

By NewsBits Economic and commercial activities in Awka, the capital town of Anambra, have slowed down due to the insufficient quantity of the newly redesigned N1000, N500 and N200 in circulation. The News Agency of Nigeria (NAN) reports that customers are trooping to their banks to deposit their old currency notes to beat the Jan. 31 deadline for phasing them out. The NAN Correspondent who monitored the situation also reports that those going for withdrawal were not being paid with the new bills but rather with old notes which most…

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Newly Appointed Theatre Commander Assumes Duty In Borno

By NewsBits The newly appointed Theatre Commander, Joint Task Force, North East Operation Hadin Kai, Maj.-Gen. Ibrahim Ali has assumed duty in Maiduguri. Speaking shortly after taking over on Saturday in Maiduguri, Ali expressed gratitude to the Chief of Army Staff (COAS) for appointing him as the theater commander. “I have just takenover and studying the situation on ground for now. From what the outgoing theatre commander told me, I have enough to start off on ground. He has done well, we will consolidate and add on what he has…

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Armed Herders Kill 12, Injure Scores, Burn Homes In Benue Communities

By NewsBits A group, the Turan People’s Assembly (TUPA), has raised the alarm over the recent  armed herders repeated invasion of Ichembe and Mbaigbe communities, Kumakwagh Council Ward, Jato-Aka in Kwande local Government Area, LGA, of Benue State that claimed the lives of over 12 persons. TUPA expressed worry that aside killing and sacking the locals from their ancestral land, the invaders who also inflicted injuries on many of their victims, razed their homes and properties including farm produce and farmland. The organisation in a statement issued weekend in Makurdi…

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Illicit Trading: Nigerian Arrested In Philippines For Drug Offences

By NewsBits A Nigerian, Valentine Ezike, has been arrested by agents of the Philippine Drug Enforcement Agency Regional Office 4-A in Barangay Biclatan, Cavite, Philippines. The Philippines News Agency on Sunday quoted a PDEA report as saying, authorities seized from Ezike of Palmdale Village, Governor’s Hill around 500 grams of suspected ‘shabu,’ (a variant of methamphetamine), a box containing two resealable transparent plastic bags containing more or less 1,000 grams each of brownish granule’s substance, plastic basin containing weighing scale, and four identification card, among others. Ezike will be charged…

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