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According to the billionaire investor, the write-off was in line with the Central Bank of Nigeria’s directive encouraging banks to confront non-performing loans openly instead of postponing the issue. The post Why FirstBank wrote off N748bn bad loan – Otedola appeared first on Vanguard News.

The two separate assaults overnight on Thursday are believed to have been carried out by Islamist militants.

The billionaire tycoon’s direct shareholding in the entity stood at 7.3 per cent or 3.3 billion shares as of 31 December 2025, while his indirect interest came to 10.8 per cent or 4.8 billion shares. The post Otedola’s shareholding in First HoldCo rises to 18% appeared first on Premium Times Nigeria.

The emergency law, which gives the authorities exceptional powers, has been consistently extended since 2015.

Accounts of the abductions by the Rapid Support Forces stretch back to the first year of the war.

As stated in the unaudited Group financial statement, FirstHoldCo recorded a 4.8% year-on-year (y-o-y) increase in its Gross earnings to N3.4 trillion, supported by a 36.3% y-o-y growth in net interest income of N1.9 trillion on the back of enhanced earnings yield and margins of 17.11% and 11.0%, respectively. The post First HoldCo grows gross earnings to N3.4 trn in 2025 amid record impairment charges appeared first on Vanguard News.

Senegal’s sports minister said it would do everything it can 'to mitigate this sanction'.

It said the violations include using official Israeli social media platforms to launch attacks against President Cyril Ramaphosa.

Domingos Simoes Pereira was one of several senior politicians imprisoned by the military following a November coup which took place days after presidential elections.

The Rubaya site produces about 15 per cent of the world's coltan, a key ingredient used to make smartphones.