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Fidelity Bank Plc has announced a remarkable 204.4% increase in Profit Before Tax for the first half of 2023. The bank's financial results showcase significant growth in earnings, loans, deposits, and assets, reinforcing its position as a leading financial institution in Nigeria. The bank's CEO, Nneka Onyeali-Ikpe, expressed satisfaction with the bank's performance and emphasized its commitment to delivering sustainable value to shareholders. Fidelity Bank has been recognized with various awards, highlighting its excellence in serving SMEs and fostering entrepreneurship in Nigeria.
The Edo State chapter of the Nigeria Labour Congress (NLC) has sealed government facilities in the state as part of a two-day warning strike. The strike, led by the state NLC Chairman, Odion Olaye, has seen the closure of the state secretariat complex, Central Hospital, High Court complex, and other government parastatals. Olaye emphasized that the strike is total and that the NLC has the numerical strength to make their demands known to the Federal Government.
Ebonyi State Union in the United Kingdom has awarded scholarships to 68 students from Ebonyi State studying in tertiary institutions in Nigeria. The students, selected on merit, received a grant of N50,000 each. The annual scholarship scheme aims to support less privileged students and promote education in the state.
The Ogun State Coordinator of the National Youth Service Corps (NYSC), Mr. Chris Jimba, has cautioned corps members against engaging in the local politics of their host communities. During the closing ceremony of the 2023 Batch B Stream II orientation course, Mr. Jimba urged the corps members to fully embrace their postings and contribute positively to their host communities. He also called on employers to mentor and support the corps members, while emphasizing the importance of security consciousness.
As the presidential election petition tribunal in Abuja prepares to deliver its final verdict, the Labour Party expresses optimism for a positive outcome. Peter Obi, the party's presidential candidate, calls for the disqualification of President Bola Ahmed Tinubu and a fresh election due to alleged electoral fraud. In less than 24 hours, the fate of Obi and the Labour Party will be determined in what could be Nigeria's most keenly contested presidential election tribunal.
The Federal Capital Territory (FCT) witnessed partial compliance during the two-day nationwide strike declared by the Nigeria Labour Congress (NLC). This article provides an in-depth analysis of the extent of compliance in various government institutions and presents divergent opinions on the strike action.
Workers, banks, telecommunication outlets, and Kaduna Polytechnic in Kaduna have joined a two-day warning strike organized by the Nigerian Labour Congress (NLC). The strike has led to the closure of ministries and academic institutions, disrupting normal activities in the state. However, commercial activities continue uninterrupted, with marketers and transporters still engaged in their businesses.
Despite the call by the Nigeria Labour Congress (NLC) for a nationwide two-day strike, several commercial banks in Lagos, including Access Bank, First Bank, Guaranty Trust Bank (GTB), Zenith Bank, and Sterling Bank, continued their operations. The strike was organized to protest the removal of fuel subsidy, citing increasing hardship and suffering. Despite the rainy weather, markets and transport services were also in operation.
Commercial activities in Uyo, Akwa Ibom State, came to a standstill as commercial banks and other public institutions joined the two-day warning strike embarked on by the Nigeria Labour Congress (NLC). The strike action, aimed at finding a lasting solution to the economic hardship facing Nigerians following the removal of fuel subsidy, saw the closure of banks and the grounding of civil service activities in the state secretariat.
The Nigeria Labour Congress (NLC) has initiated a two-day warning strike to protest against the Federal Government's failure to address the challenges arising from the removal of fuel subsidies. The strike has gained extensive support from various stakeholders, including the banking sector and civil society organizations, as they unite to tackle the country's growing economic crisis. This article explores the motivations behind the strike and its potential implications for Nigeria.
The Kogi State chapter of the Nigeria Labour Congress (NLC) has heeded the directive of the national president of the NLC and embarked on a warning strike. As a result, work activities in the state, including ministries and institutions, have been suspended. The Federal University Lokoja has also been affected, forcing students to stay at home. Banks are open but will close by noon. The strike action has caused significant disruption in Kogi State.
The Kano State chapter of the National Labour Congress (NLC) has joined the ongoing warning strike across the country. The strike action is a result of the Federal Government's perceived failure to address the suffering of the Nigerian masses, months after removing fuel subsidy. The NLC is demanding concrete measures to alleviate the hardships faced by workers, as the minimum wage is no longer sufficient and the cost of living continues to rise. If the government fails to meet their demands, an indefinite strike is imminent.
Governor Babagana Zulum of Borno State has launched a tree planting campaign in a bid to combat desertification and environmental degradation in the state. With the aim of protecting the fragile ecosystem and mitigating climate change, the governor has planted 2.1 million tree-seedlings. This initiative also aims to reduce flooding, soil erosion, and act as windbreaks in cities and towns. The governor has directed local council chairmen to raise more tree-seedlings for next year's campaign.
The Department of State Services (DSS) has revealed plans by certain elements in the country to stage violent protests in order to discredit the Federal Government and security agencies. These plotters, including politicians, are said to be mobilizing student leaders, ethnic associations, youth, and disgruntled groups for their devious plans. The DSS has identified the ring leaders and is closely monitoring them. The agency has urged university vice-chancellors, heads of tertiary institutions, parents, and guardians to discourage participation in any acts that may disrupt public peace. Human rights groups in the South-East suspect that the warning is an indication that the judgment of the Presidential Election Petitions Tribunal has leaked. They believe that the opposition parties will lose the case and the dismissal will be based on technical grounds. They question the independence and credibility of the tribunal judges based on the DSS alarm.
Nigeria's President Bola Tinubu is attending this year's G20 summit in India as his country considers joining the bloc of major world economies. Nigeria's membership is under consideration, and the government is weighing the benefits and risks. If Nigeria joins, it would be the second African country, after South Africa, to become part of the league of the most industrialized nations. The country aims to attract foreign direct investment to build infrastructure without taking on excessive debt.
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