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November 27, 2020 NIGERIA RANKED WORLD 3RD MOST TERRORISED COUNTRY
IFM Social Media

NIGERIA RANKED WORLD 3RD MOST TERRORISED COUNTRY

Nigeria has been ranked as the third most terrorized country in the world by the Global Terrorism Index report.

The GTI in her latest report says that death attributed to Boko Haram in Nigeria increased by 25 percent from 2018 to 2019.

The report also added that: in 2019, Boko Haram carried out 11 suicide bombings causing 68 fatalities, accounting for 6% of all terror-related incidents by the group in 2019.

This year’s report ranked Nigeria for the sixth consecutive time since 2015 as the third country with the worst impact from terrorism, globally.

Afghanistan is top on the list, followed by Iraq. Syria, Somalia and Yemen are ranked fourth, fifth and sixth respectively.

GTI said despite the rise in the number of casualties from Boko Haram attacks in the North-East, Nigeria was the second to record a fall in violent deaths after Afghanistan in 2019.The report indicates that Nigeria remains the most terrorised country in Africa with huge economic and financial loss. 

November 27, 2020 SunTrust Bank appoints Shittu as Chairman Board of Director
IFM Social Media

SunTrust Bank appoints Shittu as Chairman Board of Director

The Board of Directors of SunTrust Bank Nigeria Limited, at its meeting held on Thursday 26th November 2020, elected Mr. Olanrewaju Shittu as Chairman of the Board of Directors to replace Mr. JIbril Aku.

The board has also approved the appointment of Mr. Mohammed Datti Yola as a Non-Executive Director, Subject to the approval of the CBN.

Mr. Shittu was a Director at Central Bank of Nigeria. He retired in 2018 and is a holder of MBA degree, Fellow (FCA) Institute of Chartered Accountants of Nigeria (ICAN), Associate (ACA) Institute of Chartered Accountants of Nigeria (ICAN) and an Associate (ACTI) Chartered Institute of Taxation, Nigeria.

Mr. Datti is also a retired General Manager at the National Pension Commission (PenCom). He earlier worked at Central Bank of Nigeria where he rose to the rank of a Senior Bank Examiner before joining other commercial banks. He is a holder of MBA degree and a Fellow (FCA) Institute of Chartered Accountants of Nigeria (ICAN), Associate (ACA) Institute of Chartered Accountants of Nigeria (ICAN).

The Bank expresses it gratitude for having such gentlemen as members of its Board of Directors and assured its stakeholders that their wealth of experience will be brought to bear in the success of the bank.

IFM Social Media

GTBank hits N1trn market cap

GT bank surpasses N1 trillion during the week, as their Investors gained N1.93 trillion from January to date.

The banking giant, which just received approval from the Central Bank to operate as a financial holding company boasted of 1.5% revenue growth as of June 2020 despite the COVID-19 induced lockdown in the country for most parts of the second quarter.

GT Bank however, recorded a 4.9% decline in profit of N94.3 billion as against N99.1 billion in 2019 half-year. This reflected in the earnings per share as it declined by 5.1% to stand at N3.31. It should be noted that as at the time of writing this article, GT Bank is yet to release its third quarter financial report.

In essence, as these Stock keeps appreciating in value, it shows a sign of the confidence Investors have in them as buying pressure was seen across major listed stocks. This is likely to continue in the short-term as many Investors will look to take their share of the market gain before the end of the year.

Great performance for Dangote Cement and MTN Nigeria as they each hit the N3 trillion market capitalisation mark. For the banking sector, GT bank cro sses 1trillion naira market cap on the stock exchange with Zenith bank taking second place surpassing Access bank.

November 26, 2020 Davido reveals secret to maintaining wealth
IFM Social Media

Davido reveals secret to maintaining wealth

Popular artist David Adeleke known as Davido took to twitter earlier today being 26th of November 2020, stating that the secret to staying rich is to have a great circle and empower the circle, as the saying goes ‘we rise by lifting others’ but in this case your inner circle.

He shared his opinion on how a rich person can stay rich via his Twitter handle which reads :

”Wanna stay Rich ?? Empower your circle … simple maths”

Davido reveals the secret of staying rich

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