The Speaker of the House of Representatives Rep. Femi Gbajabiamila has said that the current security challenges in Nigeria are a threat to the foundations of the country’s nationhood. The Speaker, however, noted that the Nigerian Government has responded to the challenges by taking certain measures such as increasing funding for the police and the…
Day: April 28, 2022
Senate Prohibits Payment of Ransom to Kidnappers
The Senate has passed a bill seeking to amend the Terrorism (Prevention) Act, 2013, and to prohibit the payment of ransom to kidnappers in Nigeria. The passage of the Terrorism (Prevention) Act 2013 (Amendment) Bill, 2022, followed the consideration of a report by the Committee on Judiciary, Human Rights and Legal Matters. The report was…
UBA Posts 18% Growth in Earnings as Profit Hits N44.5bn
Africa’s global bank, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from N155.4 billion in 2021 to…