Author: topnews

Fidelity Bank’s profit soars by 131.5% in FY 2023 -Declares a final dividend of 60kobo per share

topnews

Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth in Net interest income which increased from N152.7billion to N277.37 billion. This led to a Profit After Tax of N99.45 billion representing a 112.9% annual growth. Commenting on the Bank’s commendable performance, Dr. Nneka Onyeali-Ikpe,OON,…

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Power Minister apologises for saying Nigerians keep freezers on due to low tariff

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Adebayo Adelabu, Nigeria Minister of Power, has apologised to Nigerians for saying that they keep freezers on for days due to low electricity tariff.  “Anything we have said that are considered offensive, we are sorry about that,” Adelabu said with slight remorse on Channels Television’s  Politics Today on Thursday. The minister had come under fire by many Nigerians in the last one week for his comment which was considered offensive. Adelabu had told journalists in Abuja on April 4, 2024 that Nigerians lack the culture of electricity consumption management because…

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Experts urge FG to protect Nigerian carrier as flight price war escalates

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The reduction of airfare of Lagos to London route by Air Peace has ignited price war in the aviation industry thereby raising concerns over the seeming move by foreign airlines to run the Nigerian carrier out of business. Already, there are mixed feelings in the industry over the sudden reduction of prices beyond normal rate. Many believe the development may not have been informed by genuine concern for passengers, but a retaliatory move against Air Peace for earlier crashing the exorbitant prices the airlines charged. Depending on the airline and…

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Global condemnation trails Iran’s attack on Israel

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Countries around the world yesterday condemned Iran’s strikes on Israel, warning that the attack could further destabilise the Middle East. This is as Israel is debating Iran’s attack response at the Knesset with the US and her allies scrambling to stop a slide into an all-out war. Israeli officials say that Prime Minister Benjamin Netanyahu’s war cabinet favours a retaliation against Iran for its mass drone and missile attack, but is divided over the timing and scale of any such response, according to Israeli media reports. The five-member cabinet, in…

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Kaka’s ex-wife denies saying she divorced footballer for being ‘perfect’

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Former wife of Brazilian football legend, Ricardo Kaka, Caroline Celico, has debunked reports making the round that she broke up with the football star because he was too “perfect for her”. According to her, she broke up with Kaka on mutual grounds, and they have been nurturing their two kids together. Kaka and Celico married in December 2005, and their marriage produced two children: a son, Luca Celico Leite (born June 10, 2008), and a daughter, Isabella Celico Leite (born April 23, 2011). 10 years after their marriage, they parted…

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Bobrisky treated as normal inmate – NCS officials

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Idris Okuneye, controversial crossdresser, aka Bobrisky, who was sentenced to six-months imprisonment over naira abuse, currently shares the same cell with male inmates at the Ikoyi Custodial Center. Justice Abimbola Awogboro of the Federal High Court in Lagos, while sentencing the convict, on Friday, April 12, 2024, said the judgment would be a deterrent to others who are found abusing and mutilating the naira. Bobrisky who was taken into the Custodial Centre after the judgement was said to have been treated equally like other inmates. A top official in the…

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Lecturer weds student he proposed to in classroom on Valentine’s Day

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Wisdom Anucha, a lecturer at the Abia State University, Uturu, has finally married a female student, Novella Grace, whom he proposed to in a classroom during the last Valentine’s Day. The lecturer stunned many students on 14 February when he proposed to his fiancée, Novella Grace, in her classroom. Wisdom Anucha, could be seen kneeling with a ring in his hand while proposing to his heartthrob in photographs circulating on Facebook. Some students watched in apparent excitement while others were busy recording as the lecturer proposed to the lady, who…

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Africa Sports & Tourism Awards (ASTA)highlights Tourism Development in Africa

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The inaugural Africa Sports & Tourism Awards (ASTA) is set to take place on April 25th, 2024, at the prestigious Transcorp Hilton in Abuja, Nigeria. This groundbreaking event, themed “Sports as a Catalyst for Accelerated Tourism Development in Africa,” aims to recognize and celebrate the powerful intersection of sports and tourism on the African continent. Supported by Project Fly With Us Africa, the Federal Ministry of Sports Development, and the African Tourism Board, ASTA represents a pivotal moment in highlighting the immense potential of sports in driving tourism growth across…

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Bobrisky sentenced to six months imprisonment for Naira abuse

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Controversial crossdresser, Idris Olarewaju Okuneye, popularly known as Bobrisky, has been sentenced to six months imprisonment without the option of a fine for abusing the naira by the Federal High Court in Lagos on Friday. Justice Abimbola Awogboro, while sentencing the convict, said the judgment would be a deterrent to others who are found abusing and mutilating the naira. Before the sentence, the judge asked about his sex, and he quickly replied that he was a man. The judge ruled that the jail term commenced on March 24, 2024, the…

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Panel to rule over Nigerian doctor’s exchange of free treatment for sex with patient in UK

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The Medical Tribunal Practitioners Service, MPTS, in Britain is to rule later this month if a UK-based cosmetic doctor of Nigerian descent, Oluwafemi ‘Tijion’ Esho should continue to practice in the country for allegedly exchanging free botox for sex with a patient. Botox injections are shots that use a toxin to prevent a muscle from moving for a limited time. The treatment is used to reduce the appearance of facial wrinkles. Esho, who has been featured on several popular TV programmes, was said to have admitted to an improper emotional…

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