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Abbey Mortgage Bank announced plans to seek shareholder approval for a N164.5billion   Jaiz Bank Filed both its audited FY2025 Financial statements and Q1 2026 results.     Seplat Shareholders approved a final and special dividend translating to N113 per share at the company's AGM    First Holdco announced its seeking Shareholder approval to raise N253billion through equity, subject to approval at its 14th AGM    First Holdco also announced share acquisitions by Anil Dua and Femi Otedola.   Seplat Energy confirmed the exchange rate for its FY2025 total dividend at N1.370.89/$   Forex    US Dollar/Naira: N1,300    British Pounds/Naira: N2,151      Euro/Naira: N1,816

Monday, 8 June 2026

A US judge has blocked Trump's $100,000 charge for skilled visa applicants.


On Monday, a US district judge banned President Donald Trump's plan to impose a $100,000 fee on firms who file visa applications for foreign highly qualified workers.

In a case filed by 20 Democratic-controlled states, District Judge Leo Sorokin concluded that the move exceeded Congress' taxing authority, and that the price for H-1B visas was an illegal tax.

"The substance and application of the $100,000 payment reveal that it is a tax, regardless of what the payment is called," Sorokin concluded in his 42-page decision.

"The President had no power or delegated authority to impose a tax on H-1B petitions," he stated.

In December, a different federal judge upheld the $100,000 fee in a separate case. The verdict is currently being appealed.

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