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In a recent development, three prominent financial institutions have announced delays in the filing of their half-year financial statements, casting a spotlight on the Nigerian Exchange Limited (NGX). These reporting delays, attributed to varying reasons, have prompted these institutions to extend their reporting deadlines and offer explanations for the holdup. As part of the regulatory framework, listed companies are obligated to submit their financial results within specified timeframes. Additionally, in the event of any delay, it is mandatory to promptly notify the NGX regarding the extension. United Bank for Africa Plc, Zenith Bank Plc, and Stanbic IBTC Holdings Plc…

Jaiz Bank, a leading Islamic bank in Nigeria, has undergone a significant transformation by restructuring both its board and management, aligning itself with an innovative approach to navigate new business dynamics. The reorganization follows directives outlined in two recent circulars issued by the Central Bank of Nigeria (CBN), signifying the bank’s commitment to adapt and thrive in a rapidly evolving financial landscape. In response to the first circular, the bank witnessed the departure of two non-executive directors, Umaru Mutallab and Falalu Bello, who had previously held the positions of Chairman of the Board of Directors and board member, respectively. The…

The United Bank for Africa (UBA) is taking a proactive step to support micro, small, and medium-scale enterprises (MSMEs) across the continent. Through its renowned ‘UBA Business Series’, the bank is gearing up to host an impactful workshop aimed at equipping business owners with essential insights to navigate the delicate balance between health and wealth amidst ongoing global economic challenges. Set to take place today, Wednesday, in Lagos, the workshop’s theme, ‘Financial Fitness: Balancing Health and Wealth for Small Business Owners,’ underlines the significance of maintaining both financial stability and personal well-being in these uncertain times. UBA’s commitment to fostering…

Fawaz Adebisi Confusion has ensued at the Federal Medical Centre in Abeokuta, as a corpse was said to have mysteriously vanished from the facility’s morgue. The incident left the hospital in a state of disarray, with the aggrieved family threatening a confrontation. PLATFORM TIMES gathered that the missing corpse was mistakenly taken away and buried else where by a family. This family was said to have come to pick the corpse of it’s  dear member, but unintentionally took another corpse, resulting to a mix up . According to the information gathered, the situation got  escalated…

…. Expresses Confidence in His Ability to Drive ICT Revolution In a heartwarming gesture, the Ogun Tech Community (OTC) has conveyed its sincere congratulations to Dr. Bosun Tijani following his recent appointment as the Minister for Communication, Innovation, and Digital Economy.  The Ogun Tech Community President Director of Publicity, Adekunle Durosinmi said this in a congratulatory letter written made available to PLATFORM TIMES on Tuesday. Durosinmi said  the tech community is not only thrilled about his new role but also confident in his capabilities to lead a revolution in the field of information and communication technology. …

Fawaz Adebisi A man, Adekunle Shoremi has appeared before the Magistrate court in Isabo, Abeokuta, for allegedly brainwashing and duping a trader, Abubakar Abdullah, alongside two other men, of N978,000 with charm. The defendant appeared in court on Tuesday, as his accomplices have reportedly taken to their heels. Abdullah, who sells beans at Lafenwa, appeared as a witness in the court, as he narrated how he was brainwashed and duped of N9780,000 in two days. He recounted his interactions with Shoremi, stating that he had encountered him multiple times around 2022. According to him, shoremi had approached Abubakar at his…

In a significant development, the Acting Inspector General of Police, Kayode Egbetokun, highlighted the cautious approach taken by the police authorities when appointing Commissioners of Police (CPs) to Oyo State.  This measure comes as a response to the distinct security challenges prevalent in the region. Egbetokun made this revelation during his recent visit to the Alarere residence of the Olubadan of Ibadanland, Oba Lekan Balogun, Alli Okunmade II, situated in Ibadan, the capital of Oyo State. Addressing the situation, Egbetokun emphasized, “We are always conscious of who to post here as the CP, and we don’t just send…

In the wake of President Bola Tinubu’s decision to withdraw the subsidy on Premium Motor Spirit and the Central Bank of Nigeria’s move to unify the foreign exchange market, the Small Scale Women Farmers Organisation of Nigeria (SWOFON) has urgently called upon the Federal Government to extend palliative support to address the spiraling cost of living.  The escalating expenses have caused distress among female farmers who find themselves grappling with the soaring prices of essential goods and services. Mary Afan, the President of SWOFON, highlighted the pervasive surge in transportation, food, and commodity prices, labeling it a well-known…

Ameenah Gusanu The Federation Account Allocation Committee (FAAC) has disbursed a total of N966.110 billion to the Federal Government, State Governments, and Local Government Councils as part of the July 2023 Federation Account Revenue sharing. According to a communiqué issued at the conclusion of the August 2023 FAAC meeting, the distribution was as follows: the Federal Government received N374.485 billion, State Governments received N310.670 billion, and Local Government Councils received N229.409 billion. A notable portion of N51.545 billion was also allocated to the relevant States as 13% derivation revenue. The meeting, chaired by the Minister of…

In a landmark judgment, Peter Ekemezie, a former lecturer in the Department of Chemistry at Nnamdi Azikiwe University, Awka, has been sentenced to six months in prison for disseminating defamatory comments on Facebook targeting Prof. Alex Asigbo. Ekemezie faced a three-count charge encompassing forgery and defamation. While the court handed down a six-month imprisonment, it also provided an alternative for Ekemezie to pay a fine of N300,000. Presiding over the case at the Awka Magistrates’ Court, His Worship E.C. Chukwu underscored that he had factored in Ekemezie’s one-month stay in a psychiatric facility and four months in a…