Day: April 19, 2019

1st Quarter 2019: GTBank’s Profit before Tax hit ₦57.0Billion

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Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to ₦57.0billion from ₦52.6billion recorded in the corresponding period of March 2018, representing a growth of 8.3%. Customers’ deposits also rose by 6.0% to ₦2.410trillion in March 2019 from ₦2.274trillion in December 2018, whilst the Bank’s…

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I Have No Plans To Return To The PDP — Senator Akpabio

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Former Governor of oil-rich Akwa Ibom and chieftain of the ruling All Progressives Congress, APC, Godswill Obot Akpabio has denied allegations that he called his party evil and was considering returning to the Peoples Democratic Party (PDP). In a press release on Thursday, signed by his Special Assistant on media, Anietie Ekong, Senator Akpabio disclosed that he had no regret whatsoever for the decision he took as a nationalist to join the APC. He re-echoed his earlier stand that he was rigged out of the race for re-election as Senator…

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Buhari signs N30,000 Minimum Wage Bill

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The Minimum Wage Repeal and Re-enactment Bill, 2019, has been signed into law yesterday by President Muhammadu Buhari, saying implementation takes immediate effect. The National Assembly had on March 27 transmitted the bill to the President for assent. Briefing State House correspondents, Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang, said: “You can see me smiling on behalf of Nigerian workers. President Buhari has assented to the Minimum Wage Repeal and Enactment Act 2019. This makes it compulsory for all employers of labour in Nigeria…

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CCT convicts, sacks Onnoghen as Chief Justice

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The allegation of false and non-assets declaration against Justice Walter Onnoghen, came to a dramatic end yesterday at the Code of Conduct Tribunal (CCT). Onnoghen watched helplessly as the tribunal headed by Mr. Danladi Umar, a non-judicial officer, found him guilty of the six-count charge brought against him by the Federal Government through the Code of Conduct Bureau (CCB). The tribunal in a unanimous judgment also ordered the removal of Onnoghen as Chief Justice of Nigeria (CJN) and chairman, National Judicial Council (NJC). He was also barred from holding public…

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Wife beats husband to death for supporting daughter over theft

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Hafsat, a 50-year-old housewife, has been arrested by the Niger State Police Command yesterday, alongside her 25-year-old son for allegedly beating the father, Ali Haruna, to death for shielding his daughter for stealing from their mother. One of the daughters of the couple was said to have stolen money of her mother and this led to a sharp disagreement between the parents which eventually led to physical combat between them. The incident occurred on 13 April 2019, behind Shango Primary School Minna, in Chanchaga Local Government area of the State.…

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