Latest Articles
Bauchi State inaugurates multi-million naira kaolin processing plant
Bauchi, May 16, 2023 – Governor Bala Mohammed of Bauchi State on Tuesday inaugurated the multi-million naira Kaolin processing plant in Bagurja in Gwaram Alkaleri Local Government area of the state. During the inauguration, small scale miners were empowered with equipment for their mining activities under the economic sustainability plan of the Federal Government. Mohammed expressed appreciation to the Federal Ministry of Mines and Steel Development for finding the state suitable for siting the plant to serve the entire North-East. He was represented by the Secretary to the State Government, …
EFCC confirms death of officer after scuffle with colleagues
Abuja, May 16, 2023 – Wilson Uwujaren, the Spokesman for the EFCC, has confirmed the death of an operative, Inspector Abel Dickson, who died after a scuffle with his colleagues over the custody of some items belonging to a suspect in detention. He confirmed the death at a news conference in Abuja on Tuesday. Uwujaren said that the deceased and two other colleagues, Assistant Superintendent Apata Odunayo and Inspector Ogbuji Tochukwu, were attached to the Sokoto State Command of the commission. He said the two suspects had been arrested and …
Ooni reveals latest wife
Lagos, May 16, 2023 – The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, is preparing to receive a new wife named Olori Opeoluwa Elizabeth Akinmuda into his royal palace in Ile-Ife. Reports indicate that the wedding ceremony has already taken place, and a welcome party for the latest addition to the monarch’s household is scheduled to take place on Saturday at the palace. The Ooni is reportedly thrilled about this development and has invited dignitaries to attend the ceremony. Oni of Ife, is already married to five other women, Olori …
Ban imported goods that can be produced locally – Mamora
Abuja, May 16, 2023 – Dr Olorunnimbe Mamara, the Minister of Science, Technology and Innovation, has suggested that government should ban all imported goods that can be produced locally. Mamora gave the advice on Tuesday at the ministerial media briefing held at the Presidential Villa in Abuja. He expressed regret that most of the inventions by agencies under his ministry were gathering dust on shelves because of lack of patronage. Mamora said his ministry was having a challenge taking research products to the market, saying that it is only when …
Union Bank shareholders to approve transfer of ownership to Titan Trust
Lagos, May 16, 2023 – Union Bank of Nigeria Plc is to hold a court-ordered meeting of shareholders of the bank to conclude a scheme of arrangement that allows it to transfer its shares to Titan Trust Bank. The meeting is scheduled for13th of June 2023 in Lagos at Muson Centre. Union Bank will subsequently be delisted from the Nigerian Exchange Limited (NGX). At the meeting, the shareholders are to approve the Scheme of Arrangement, amongst others. Specifically, the shareholders are to approve that: “That the Scheme of Arrangement, dated …
Africa50, Bayobab enter partnership to develop pan-African terrestrial fibre
Johannesburg, May 16, 2023 – Bayobab and Africa50 have entered into a partnership to develop Project East2West, a terrestrial fibre optic cable network connecting the eastern shores of Africa to those on the continent’s west. The partnership will invest up to US$320 million connecting 10 African countries over the years 2023, 2024 and 2025. Bayobab is wholly owned by MTN Group. This investment is within MTN’s previously announced Ambition 2025 plans and will contribute to Bayobab reaching the Group’s target of having 135 000km of proprietary fibre over the coming …
NGX reiterates commitment to market transparency rules, regulations
Lagos, May 16, 2023 – Nigerian Exchange Limited (NGX) has reiterated its commitment to enforcement of regulations on transparency in the capital market. It reminded investors of the need to comply with rules on disclosure of substantial holdings in listed companies. The NGX drew attention to its earlier circular to the market recently in where it stated that lack of appropriate disclosures by investors was a breach of its rules and other extant market regulations. According to NGX, non-disclosure can impact on market transparency and fairness as it creates information …
Jamoh bags Public Servant of the Year 2022 award
Lagos, May 16, 2023 – Dr. Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) OFR, has received an award as the “Public Servant of the Year 2022” from the Champion Newspapers Nigeria Limited. Jamoh won his award along with some other prominent Nigerians like Governors Ademola Adeleke of Osun State, Sanwo Olu of Lagos, and Audu Abdullahi Sule of Nasarawa State, who also received different awards. Presenting the award on behalf of the organization in Lagos last weekend, the Managing Director of Fidelity Bank Plc, Nneka Onyeali-Ikpe, said the award was …
Ecobank Workers Conference: Experts advise Nigerians on income diversification
Lagos, May 15, 2023 – Nigerians have been advised to save and diversify their income stream in the light of the current economic situation in the country. This was the consensus of panelists at a webinar on: “Maximising Your Income: The Power of Diversification,” organised by Ecobank Nigeria as part of its activities to commemorate this year’s Workers’ Day. Dr. Yemi Kale, a former Nigeria’s Statistician General, delivered the Keynote address on the “State of the Nigerian Macroeconomy: Implications for Consumers and Workers”. He said the Nigerian economy had potential …
Army rescues another Chibok girl, Saratu Dauda
Maiduguri, May 15, 2023 – The Nigerian Army has rescued another Chibok girl, Saratu Dauda, who was abducted with others at Government Girls Secondary School, Chibok, Borno, in 201 Maj.- Gen. Ibrahim Ali, the Theatre Commander, North-East Joint Operation Hadin Kai, announced this on Monday while briefing newsmen at the Maimalari Cantonment in Maiduguri. Ali said that Saratu was rescued on May 6 by troops of 21 Armoured Brigade during a clearance operation at Ukuba in Sambisa forest in Bama Local Government Area of Borno. He said that the 25-year-old …