Category: News

Ethiopia appoints Sahle-Work Zewde as new president

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Following the resignation of it’s president, Mulatu Teshome on Thursday, Ethiopia has appointed Sahle-Work Zewde as new and first female president of the country. The newly appointed Ethiopia’s President on Thursday stressed unity among Ethiopians and the need to sustain the ongoing reform in the country. She stated this while addressing the two parliament houses – the Ethiopian House of People’s Representatives and the Ethiopian House of Federation, the lower and upper houses respectively. The president, in her acceptance speech before the two houses, vowed to serve her country and…

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Fidelity Bank’s profit rises to N20billion in nine months

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With an impressive financial performance for the third quarter (Q3) of 2018, Fidelity Bank Plc is on course to finish strong in the current financial year. The bank’s nine-month results for the period ended September 30, 2018, released on the Nigerian Stock Exchange (NSE) thursday, showed a double-digit growth in its revenues and profitability. Also, the bank’s gross earnings grew by 6.9 per cent to N139 billion, up from the N130.1 billion reported in the same period in 2017, while profit-before-tax grew significantly by 23.6 per cent, from N16.2 billion…

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Union Bank Fosters Educational Development with ‘Edu360’

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At the first edition of the Union bank’s annual education fair titled ‘Edu360,’ which took place in Lagos, the Chief Executive Officer of the Bank, Mr. Emeka Emuwa, has reiterated the bank’s commitment to education as a key driver of national development. The event brought together stakeholders from across the education ecosystem, including teachers, parents, school owners, investors, students and other key participants. Tagged “Investing in the Future,” the event served as a platform for collaboration among the education sector stakeholders, with the goal of accelerating development and much needed…

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GTBank Releases Q3 2018 Unaudited Results …….. Reports Profit before Tax of ₦164.2 Billion

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Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 8.8% to ₦337.3billion from ₦309.9billion reported in September 2017. Profit before tax stood at ₦164.2billion, representing a growth of 9.5% over ₦150.0billion recorded in the corresponding period of September 2017.…

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Ethiopian President tenders resignation

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The Ethiopian news agency has reported that Ethiopia’s President, Mulatu Teshome on Wednesday has filed resignation request to the Ethiopian Parliament. Teshome, who has been the East African country’s head of state since October 2013, on Wednesday submitted his letter of resignation as the Ethiopian parliament’s two houses are scheduled to consider his resignation. The houses would eventually name his successor in a joint extraordinary session on Thursday, the report said. The joint extraordinary session of the Ethiopian parliament on Thursday “will deliberate on the president’s application for resignation and…

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Akeredolu: “Oshiomhole Is Incompetent, Shouldn’t Be APC Chairman”

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Governor of Ondo State, Rotimi Akeredolu, has reacted to allegations that he was in cahoots with some governors of the All Progressives Congress to remove the party’s national chairman, Adams Oshiomole. While denying any involvement in any attempt to remove the former Edo State governor, Mr Akeredolu accused Mr Oshiomhole of exhibiting incompetence in the handling of the party’s recently concluded primaries across the country. In a statement by his Senior Special Adviser on Special Duties and Strategy, Doyin Odebowale, Mr Akeredolu said APC primaries exposed the incompetence of Mr…

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My relationship need not make sense to anyone –Tiwa Savage

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In response to rumours of a romance between her and musician Wizkid, Nigerian singer, Tiwa Savage, says her relationship status was not a community project. Wizkid and Tiwa Savage set tongues wagging with the release of the steamy video, Fever, on Wednesday. Tiwa on her Instagram page @tiwasavage said, “Your relationship does not need to make sense to anyone except you and your partner. It’s a relationship, not a community project.” Some Nigerians, especially on Twitter, took the video as a confirmation of the long-standing relationship rumours between Tiwa Savage and Wizkid.…

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Residents chase monarch out of palace in Ekiti

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Residents of Ilogbo-Ekiti, in the Ido/Osi Local Government Area of Ekiti State have chased the traditional ruler, Oba Edward Ajayi, and his family out of the town. The angry subjects alleged that a son of the monarch, Adeleye, led some secret cult members to attack residents which led to the death of one Bolu. They claimed that the king had refused to caution his son despite repeated reports of his son’s criminal activities. A resident who spoke on condition of anonymity said, “The prince and his group has been terrorising…

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Fayose granted N50 million bail

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The immediate past Governor of Ekiti State Ayodele Fayose has been granted bail in the sum of N50 million, bond, with one surety in like sum by a Federal High Court sitting in Lagos on Wednesday. Justice Mojisola Olatoregun granted Fayose bail with two sureties in like sum, who must issue N50 million bond in a reputable bank as well as possess three years tax clearance. She also ordered that the former governor should deposit his International Passport with the court. The surety must possess three years tax clearance and…

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Man Born Without Penis Gets Artificial One for ₦18million, Had First Sex at 45

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Andrew Wardle, a 45-year-old man born without a penis has lost his virginity following a bionic manhood made from his own skin. Wardle from Manchester, had a 10 hours penile implant operation at University College Hospital London in June but had to wait six weeks before he could have sex for the first time. Andrew, pictured in hospital, successfully underwent the final stage of a £50,000 penile implant operation and has been given the all clear to at last lose his virginity at the age of 45. In a remarkable…

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