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NiMet forecasts three-day nationwide cloudiness, thunderstorms from Monday
The Nigerian Meteorological Agency (NiMet) has predicted cloudiness and thunderstorms across the country from Monday to Wednesday.
NiMet’s weather outlook released in Abuja envisages sunny skies with patches of clouds over the northern region on Monday, with chances of thunderstorms accompanied by light rain over parts of Taraba, Bauchi, Gombe, Adamawa, Kebbi, and Kaduna States during the morning hours.
”By the afternoon and evening hours, thunderstorms with moderate rains are expected over parts of Sokoto, Zamfara, Kebbi, Bauchi, Gombe, Borno, Yobe, Jigawa, Katsina, Kano, Kaduna, Adamawa and Taraba States.
”For the North Central region, thunderstorms accompanied by light rains are expected over parts of Plateau, Niger, Benue, Nasarawa, Kwara, Kogi and the Federal Capital Territory during the morning hours.
”By afternoon and evening hours, thunderstorms with moderate rains are expected over parts of Kogi, Benue, Plateau, Niger, Kwara, Nasarawa and the Federal Capital Territory,” the agency said.
According to NiNet, moderate rains are expected over parts of Ogun, Cross River, Akwa Ibom, Imo, Abia and Lagos states during the morning hours, while moderate rains are anticipated over the entire southern region later in the day.
NiMet predicted thunderstorms accompanied by light rains over parts of Zamfara, Sokoto, Taraba, Kebbi and Katsina States of the northern region during Tuesday morning hours.
The agency anticipates thunderstorms later in the afternoon or evening hours over the region.
It predicted moderate rains over parts of Borno, Jigawa, Yobe, Bauchi, Gombe, Kano, Katsina, Kaduna, Taraba and Adamawa states.
According to NiMet, thunderstorms accompanied by light rains are expected over Niger and the Federal Capital Territory (FCT) during the morning hours of the North Central region.
It anticipates thunderstorms with moderate rains across the region later in the day.
NiMet forecast intermittent rains over parts of Cross River, Akwa Ibom, Lagos and Ogun states of the southern region during the morning hours.
The agency forecast moderate rain across the entire region later in the day.
According to NiMet, partly cloudy skies are anticipated over the northern region with chances of thunderstorms accompanied by light rains over parts of Taraba and Kaduna states during the morning hours on Wednesday.
It predicted thunderstorms with moderate rains over parts of Sokoto, Zamfara, Kebbi, Bauchi, Gombe, Borno, Yobe, Jigawa, Katsina, Kano, Kaduna, Adamawa and Taraba states later in the day.
”For the North Central region, sunny skies with patches of clouds are anticipated over the north central region, with chances of thunderstorms accompanied by light rains over parts of Plateau and Benue states during the morning hours.
”Later during the afternoon or evening hours, thunderstorms with moderate rains are anticipated across the region,” it said.
The agency envisages a cloudy atmosphere over the southern region with prospects of light rains over parts of Cross River, Akwa Ibom and Lagos states during the morning hours.
It predicted thunderstorms with moderate rains over parts of Ondo, Osun, Ekiti, Rivers, Bayelsa, Edo, Delta, Imo, Abia, Enugu, Anambra, Ebonyi, Cross River, Akwa Ibom, Lagos and Ogun states later in the day.
The agency said, ”Strong winds may precede the rains in areas where thunderstorms are likely to occur. The public should take adequate precautions and ensure that loose objects are fastened to avoid collision. Driving in heavy rain should be avoided.
”Disconnect electrical appliances from electrical sockets. Stay away from tall trees to avoid impact from falling branches and broken trees. Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.
”Residents are advised to stay informed through weather updates from NiMet. Visit our website www.nimet.gov.ng.”
(NAN)
FCMB Group deployed a mix of strategies, including top-line expansion and cost management, to deliver a 90.5 per cent increase in net profit for the six months to June, compared with a year earlier, the latest accounts of the bank holding company published on Monday showed.
Gross earnings climbed to N676.2 billion from N529.2 billion, with 88.8 per cent of it solely contributed by interest and discount income, setting the scene for the big earnings boost, which was partly driven by a reduction in some major expenses.
Cost-to-income ratio dropped to 41.4 per cent from 57 per cent one year prior, strengthening earnings.
FCMB Limited, the group’s commercial banking division, continued to dominate performance across key income streams and accounted for more than three-quarters of post-tax profit.
The other divisions, including Credit Direct, its consumer lending business that offers payroll-based loans to customers, are all currently profitable, contributing their share to the bottom line.
The financial institution managed to scale back interest expense by 2.7 per cent (N6.8 billion), even as interest and discount income rose by up to 31 per cent, attributable to an improved low-cost deposit mix and lower cost of funds.
That was a lever for a jump in net interest income from N207.4 billion to N356.3 billion.
In a separate statement on Monday, FCMB Group highlighted the role of its digital business – comprising payments, lending and wealth – in driving turnover growth. It noted that digital revenue, at N89.1 billion, added 13.2 per cent to gross earnings due to volume growth.
“Our first-half performance demonstrates the strength of our recapitalised and diversified business model,” said Ladi Balogun, the CEO.
“We delivered record profitability despite accelerating the normalisation of asset quality towards regulatory thresholds, reflecting our commitment to building a stronger balance sheet for long-term growth,” he added.
Net fee and commission improved by almost one-third, enabled by both a rise in fee and commission income and a drop in related expenses.
Net trading income took a blow from sharply weaker bond and treasury bills trading income, falling 65.7 per cent year on year.
READ ALSO: Aradel, NEM, FCMB Group top stock pick this week
Likewise, impairment losses quickened to N85.9 billion from N36.2 billion, as the provision for other losses, apart from those on loans and advances, surged 2,427.6 per cent to N48.1 billion.
Profit before tax roughly doubled to N157.3 billion, while profit for the period stood at N139.9 billion, up from N73.4 billion in the same period last year.
Mr Balogun assured that return on equity will surpass 25 per cent this year, compared with 21.1 per cent for the financial year 2025.
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