Fitch Ratings has downgraded Union Bank of Nigeria Plc (UBN) Long-Term Issuer Default Ratings (IDR) to ‘CCC’ from ‘B-‘ and its National Long-Term Rating to ‘B+(nga)’ from ‘BBB(nga). Union Bank of Nigeria’s viability rating (VR) has also been downgraded to ‘ccc’ from ‘b-‘, according to Fitch. The downgrades reflect the Fitch-estimated prolonged breach of the…
Nigerian artist Ololade Ahmed, also known as Asake, has stated that his colleague Wizkid approached him about being featured in his song ‘MMS’. He revealed that he had someone else in mind, but when the producer, P. Prime, played the song for Wizkid, he requested to be featured in it. Asake revealed this to supporters…
A High Court in Lagos has awarded N112,050,000 against Union Bank Plc for wrongly selling a property located at No. 6, Moore Road, Ikoyi, Lagos State, at a grossly undervalued price of N60 million. Justice I.O. Harrison delivered the judgment in a suit filed by Mrs. Olubunmi Ogunde, Yewande Ogunde, and others, with Union Bank…
Chinwe and Zion, the couple from Big Brother Naija, have resolved their issues and made peace. Recall that Chinwe and Zion fell out on Thursday after the former accused the latter of not supporting her during her feud with fellow housemates, Onyeka and Chizoba. Chinwe had vowed to break up with Zion and leave the…
Maverick entertainer Charles Oputa, also known as Charly Boy, has stated that the only solution to Nigeria’s poor governance is revolution. According to Mr Oputa, the nationwide protest from August 1 to 10, was a ‘mere rehearsal’ for the main event. The popular performer and advocate predicted that the revolution would occur unexpectedly, emphasising that…
Iyabo Ojo, a Nollywood actress, has criticised President Asiwaju Bola Tinubu for his silence on the ongoing nationwide protests. In a lengthy post on her Instagram page on Friday, she queried where the president is, noting that his silence is deafening and disappointing. According to Iyabo, the president must speak to the people, hear their…
Nigerian artist Habeeb Okikiola, also known as Portable, has distributed food to the poor on the streets. The controversial musician released a video on Instagram of himself sharing food items including noodles, spaghetti, and more with the pøor. This is coming hours after he drew huge condemnation on social media for branding endbadgovernance demonstrators as…
A Zenith bank branch manager in Lokoja, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have conspired to defraud two Nigerian ceramic companies and their directors. Messrs Salawu, Liu and Ma were accused of fraudulently obtaining about N17 billion in credits on behalf of BN Ceramic Industry Limited and NB Ceramic…
Tragedy struck on Tuesday night as Nigeria’s legendary singer and songwriter, Onyeka Onwenu, passed away shortly after performing at a birthday party in Lagos. The music icon, affectionately known as the ‘Elegant Stallion,’ reportedly collapsed at a private function and was later pronounced dead at Reddington Hospital in Victoria Island, Lagos. Sources close to the…
Organizers of the planned August 1 to 10, 2024 have sent details of their plan to the Inspector General of Police, Kayode Egbetokun. Ebun-Olu Adegboruwa, SAN, attorney to the organizers sent the details, including venues and locations, where the intended protests would take place in a letter, addressed to the IGP. Meanwhile, the Adegboruwa asked…
