Category: News

Sterling Bank refutes sack reports

topnews

Contrary to report making the round, Sterling Bank Plc, has said that it did not sack 650 staff but only returned them to service providers that had earlier assigned them to work with the bank. The company made the clarifications in a statement made available to www.topnews magazines.com yesterday. According to the bank, “In the course of its operations, our bank engages the services of third party service providers, who assign their staff to Sterling Bank to carry out specific tasks” on the behalf of the service providers. “These 650…

Read More

Fidelity Bank posts double digit growth in earnings and profit in first quarter

topnews

  Fidelity Bank Plc has reported a solid financial performance in the first quarter of 2017 despite the challenging and fiercely competitive environment, posting an appreciable growth in its profit and gross earnings for the period ended March 31, 2017. A statement by the lender showed that in its unaudited result released at the Nigerian Stock Exchange (NSE) the bank’s gross earnings rose by 18.8 per cent from N34.4 billion in March 2016 to N40.8 billion for the corresponding period in March 2017. Similarly, Fidelity Bank’s profit before tax in…

Read More

Former Chadian president to serve life sentence for war crimes

topnews

The Life sentence against Chad’s former president Hissene Habre for war crimes has been upheld by a special court in Dakar on Thursday, but the Court acquitted him of rape. The Extraordinary African Chambers, a body created by Senegal and the African Union (AU), sentenced Habre last May to life behind bars, an unprecedented ruling seen as a blow to the impunity long enjoyed by repressive rulers on the continent. The president of Thursday’s appeal court Wafi Ougadeye said he confirmed the life sentence but quashed the rape ruling. The…

Read More

Two dead, others injured as building collapses in Lekki Lagos

topnews

Two people we’re confirmed dead yesterday, after part of a two-storey building under construction at NICON Town Estate, off Admiralty Way in Lekki area of Lagos, collapsed. The two persons were identified as Tasiu Tanko and Abdulai Usman, construction workers. Another worker, Yakuub, who sustained severe injuries, is still being attended to by doctors at the intensive care unit of an undisclosed hospital. It was gathered that work was ongoing at the site when part of the building caved in, trapping the workers. The deceased, according to eyewitnesses, were brought…

Read More

El-Rufai, Saraki instigated Buhari not to pick me as VP – Tinubu

topnews

In a book titled ‘Against the Run of Play,’ written by the Chairman, Editorial Board of ThisDay, Olusegun Adeniyi, Asiwaju Bola Tinubu, one of the National Leader of the All Progressives Congress, has alleged that Senate President Bukola Saraki and the Kaduna State Governor, Mallam Nasir el-Rufai, worked against the plan to make him President Muhammadu Buhari’s running mate in the 2015 presidential election. Tinubu stated that Saraki, El-Rufai and other stalwarts of the Peoples Democratic Party, who defected to the APC in the build-up to the 2015 elections, instigated…

Read More

Prince rapes princess in Delta

topnews

Two Princes have been arrested by Police operatives in connection with the case of an alleged rape of a 15-year-old princess and secondary school student (names withheld) in the palace of the Obi of Idumuje-Ugboko, Aniocha North Local Council, Delta State. The suspects, Prince Richard Nwoko and Prince Ejimofor Nwoko, were arrested in the premises of the Magistrates’ Court, Asaba, after several unsuccessful attempts by the police to pin them down over the alleged offence. Police sources told newsmen yesterday that efforts were on to arrest the principal suspect and…

Read More

From beginning, Jonathan showed he was too small for the Presidency -Obasanjo

topnews

Olusegun Obasanjo, Nigeria former President, has said that former President Goodluck Jonathan from his first days as President showed he  was too small for the office, saying he, Obasanjo, acted more as an opponent of Jonathan than a supporter of Muhammadu Buhari ahead of the 2015 presidential poll. Obasanjo, who said Jonathan deceived him that he would not give Mrs. Diezani Allison-Madueke the petroleum portfolio in his cabinet was deceived into believing that he could use money to buy the 2015 presidential election. Obasanjo in the book, Against the Run…

Read More

We can host big reality shows like Coke Studios, The Voice Nigeria, others -HS Media Boss, Taye Ige

topnews

Chairman/CEO of HS Media Group, Taye Ige, has declared the readiness of his media production outfit to host and produce big media entertainment events such as The voice Nigeria and the Coke Studio in Nigeria. While commenting on his mega studio projects which industry experts have described as the largest in Africa, Taye Ige said HS Media Group is set to start a revolution in television production in Nigeria soon. He said the same kind of revolution experienced when the mobile telephone was launched in 2001 would be the same…

Read More

Nigeria recession to end by June end — CBN gov

topnews

Mr Godwin Emefiele, the Central Bank of Nigeria, CBN, Governor, yesterday, expressed optimism that the present economic recession in the country would end by the end of June or latest by the third quarter of this year, based on what he described as emerging positive economic indicators. According to Emefiele, one of such indicators is the downward trend in the parallel market as regards the value of Naira against the dollar which has appreciated from as high as N525 per dollar to between N370 and N380 currently. Emefiele spoke with…

Read More

Nnamdi Kanu’s Parents, Ohanaeze, Afenifere reject bail conditions for release

topnews

The bail terms given Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB), by the Federal High Court, Abuja has been rejected by his parents, Eze Israel and Lolo Ugoeze Sally Kanu. They described the hurdles as needless. Justice Binta Murtala-Nyako yesterday granted the junior Kanu a reprieve in the sum of N100 million and three sureties with like sum each. The judge added that one of them must be a highly respected Jewish leader since he claimed Judaism as religion. Also, another must be a senior…

Read More