Good Times: Kanu Nwankwo shares photo of himself & Sepp Blatter in Brazil


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Zenith Bank Records N75bn Profit, Declares N7.8bn Interim Dividend

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Shareholders of Zenith Bank Plc have reasons to smile as the bank thursday announced an interim dividend of N7.8 billion for the half year ended June 30, 2017. The dividend, which translates to 25 kobo per share was declared following a profit after tax (PAT) of N75.317 billion reported for the period. The audited results of Zenith Bank made available by the Nigerian Stock Exchange (NSE), show that the bank recorded gross earnings of N380.4 billion, up by 77 per cent from N214.8 billion posted in the corresponding period of 2016.Net interest income stood at N138.962 billion, as against N127 billion in 2016. However, impairment charges increased by 196 per cent from N14.2 billion to N42 billion. But the bank got a boost from trading and other operating income. While trading income, realised foreign exchange, jumped from negative N864 million to positive N65.318 billion, other operating income similarly soared from N3.567 billion to N15.112 billion in 2017. Consequently, Zenith Bank P...
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FLASH: Adamu Muazu initially denied he built/owned the building but SR presented evidence to his aides and he's now recanted.

_________________________ MY CONNECTION TO NO. 16 OSBORNE ROAD, IKOYI, LAGOS. The property in question happens to be one of them. I acquired the land & jointly develop it using a bank loan, I obtained about nine yrs ago. However all the flats have been sold to prospective buyers in order to pay back the loan. I do not own or occupy any of the apartments. I sold all the apartments thru established estate agents as such I have no knowledge or interest in who purchases or rents any of the flats. I commend the efforts of the official of the EFCC and the government's drive at fighting corruption. By AHMADU ADAMU MUAZU
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Suspended NIA DG, Oke admits Jonathan Ordered release of $289m

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The suspended Director-General of the National Intelligence Agency, Amb. Ayodele Oke, has met with Vice-President Yemi Osinbajo, where he admitted that his agency received the sum of $289,202,382 on the orders of former President Goodluck Jonathan in February 2015. President Muhammadu Buhari, on Wednesday, ordered the suspension of Oke over the role of the NIA in the ownership of $43m (about N13bn) and other currencies uncovered in Osborne Towers, Ikoyi, Lagos. Buhari also ordered the suspension of the Secretary to the Government of the Federation, Mr. Babachir Lawal, in connection with his indictment for contract fraud by a Senate ad hoc committee on mounting humanitarian crisis in the North-East. A top government source, on Thursday, confided in one of our correspondents that the Osinbajo-led committee had directed Oke to submit documents to back his claim. It was learnt that the suspended NIA boss had also gathered documents which would be formally submitted to the panel showi...
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