Image
21-February-2024

Rita Alakija’s Team Wins Coronation Group’s Lagos Polo Silver Cup Tourney

By Adedapo Adesanya African financial services provider, Coronation Group Limited, successfully concluded the highly anticipated Coronation Silver Cup final on Sunday, February 18 at the prestigious Lagos Polo Club in Ikoyi. The final match of this esteemed tournament was marked by the presence of distinguished guests, thrilling gameplay, and a celebration of sporting excellence. Special guests in attendance included President Tinubu’s Special Adviser on Industry, Trade and Investment, Mr John Uwajumogu, and Mr Abdul Samad Rabiu, Chairman/Founder, BUA Cement Plc. among others. The presence of these industry titans added to the excitement of the event and underscored the significance of

Image
19-February-2024

Deadly Passion for Football

By Dula Ganyo Mabin Football, one of the frontline sports, has over the years united football lovers all over the world for decades, at least temporarily. When it comes to the round leather game, people in developing and developed countries will forget their sorrows and frustrations and support their favourite teams. This is good for humanity. Recently, some refugees from Cameroon invaded the Adagon Community in Ogoja, Cross River State. At the end of the day, about six persons were allegedly injured. It was gathered that the refugees arrived in Ogoja and were having fun at a beer parlour when

Image
16-February-2024

Сasinos in Nigeria Suspected of Financing Terrorism

Money laundering in casinos is a serious problem in Nigeria and can serve as terrorist financing, according to the Intergovernmental Action Group Against Money Laundering (GIABA). Nigeria has about 300 casinos located mainly in its largest city, Lagos, and the capital, Abuja. GIABA noted that these casinos are at “relatively high risk” of money laundering. The problem of illegal gambling and terrorist financing Although casinos in Nigeria are required to file Suspicious Transaction Reports (STRs) with the Nigeria Financial Intelligence Unit (NFIU), most do not. This is compounded by the lack of sanctions against non-compliant operators. GIABA has also expressed

Image
15-February-2024

Nigeria Jumps to 28th in Latest FIFA Ranking After AFCON Exploits

By Adedapo Adesanya Despite a final defeat at the just concluded Africa Cup of Nations (AFCON) in Cote d’Ivoire, Nigeria has gotten a consolation in the latest FIFA ranking as it moved up 14 places to 28th in the world and third in Africa. The data released on Thursday showed that there were no changes in the top 10 rankings as Argentina retained the top position following their Qatar 2022 World Cup triumph followed by silver medallists, France and Gareth Southgate-led England remained in second and third, respectively. Belgium (4th), Brazil (5th), Netherlands (6th), Portugal (7th), Spain (8th), Italy (9th),

Image
13-February-2024

Tinubu Confers National Honours on Super Eagles

By Adedapo Adesanya Members of the silver-winning Super Eagles team in the just-concluded Africa Cup of Nations (AFCON) in Cote d’Ivoire have been conferred with national honours by President Bola Tinubu. At a reception held to welcome them to the country on Tuesday, the President awarded each member of the team with the Member of the Order of the Niger (MON) for their display at the tournament, won by the host nation after defeating Nigeria in the final on Sunday by 2-1. Mr Tinubu, while addressing the country’s national football team at the Council Chambers of the State House in

Image
13-February-2024

Qatar, Iran, Others Break 15 Records at 2023 AFC Asia Cup

By Modupe Gbadeyanka The just-concluded 18th AFC Asia Cup hosted and won by Qatar saw the shattering of 15 records, data from InsideSport revealed. The competition attracted players from across the top leagues of the globe sweating it out for their different participating countries. During the tournament, Qatar’s Hassan Al-Haydos became only the second player to ever win the AFC Asian Cup as a captain on two separate occasions, while Akram Afif (Qatar) tied Ali Daei (Iran) as the player with the second most goals scored in one AFC Asian Cup tournament – 8. Additionally, Qatar joined South Korea, Iran,

Image
12-February-2024

Unlocking the Secrets of Roulette through Statistical Analysis

Roulette, a timeless casino game with a rich history spanning centuries, continues to captivate the attention of gamblers worldwide. Contrary to the common perception of it being merely a game of chance, roulette, in the Australian version of Roulette77, conceals a sophisticated world of statistical intricacies behind its spinning wheel and the mesmerizing trajectory of the bouncing ball. This enduring game, which traces its origins back to 18th-century France, has evolved into a fascinating fusion of entertainment and mathematics. In the course of this article, our aim is to demystify roulette by unraveling the intricacies of statistical analysis, offering a

Image
12-February-2024

9 Records That Were Broken at 2023 AFCON

By Modupe Gbadeyanka The 2023 Africa Cup of Nations (AFCON) hosted by Cote d’Ivoire ended on Sunday, February 11, 2024, with the host nation winning the competition after defeating its West African neighbours, Nigeria, 2-1. During the tournament, nine records were shattered, with André Ayew (Ghana) tying Rigobert Song (Cameroon) for the most matches played at 36 each, according to data compiled by Bettors.co.za. Also, both Youssef Msakni (Tunisia) and André Ayew tied the record for the most appearances with this being their 8th appearance. Egypt extended their record as the nation with the most appearances at AFCON with 26,

Image
11-February-2024

AFCON 2023: Can Super Eagles Do It Again and Bring Home The Trophy?

The Super Eagles of Nigeria earned their first victory at the ongoing TotalEnergies AFCON 2023 against the Elephants of Cote D’Ivoire in the group stage, they need to produce another gritty performance against the same opponents if they want to win their fourth AFCON title. The match will be broadcast live on DStv & GOtv. Prior to their victory, the Super Eagles had gone five games without a win. Head coach, Jose Peseiro was under immense pressure to turn the team’s fortunes around. Veteran defender Troost Ekong, who had been sidelined for a year before his recall to the team

12 3 4 5 6 7 8 9 10 Next
Ad
Ad
Recent Stories
Image
23-February-2024

How MultiChoice Empowers Nigerian Youth Through Creative Investment

As global populations age, Africa remains a bastion of youthful promise, with around 70% of the continent’s population below the age of 30. This youthful demographic can be an asset – but only if it is developed, by empowering young people through training, and by giving them a stake in the growth of their countries’ economies. Helping to develop young people’s abilities and expanding the pool of skills is also in the interests of industry and big business. Over the years, the Federal government of Nigeria embarked on youth empowerment initiatives to harness the skills and energy of Nigerian youths

Image
23-February-2024

Eva Adelaja Girls’ At 60: Old Students Donate to Orphanage, Thrill Students

By Adedapo Adesanya It has been an eventful celebration at the ongoing 6oth Anniversary of Eva Adelaja Girls’ Secondary Grammar School, Bariga, Lagos. The event was planned to celebrate the institution established by the late educator, Mrs Evangeline Adebayo Adelaja, in 1964. Particular resplendent in this celebration are the alumni of the school, the Eva Adelaja Girls’ Secondary Grammar School Old Girls’ Association, which have been on the ground to ensure that the planned activities go smoothly. The event, which kicked off with the Praise Day and Community Hymn Singing held at Chapel of Christ the Light in Alausa, Ikeja,

Image
23-February-2024

FAAC Disburses N1.2trn to FG, States, Councils for February Allocation

By Aduragbemi Omiyale About N1.2 trillion, precisely N1.149 trillion, has been disbursed to the federal, state and local councils as their allocation for February 2024. The money was part of the revenue generated by the nation in January 2024. A total of N2.068 trillion was generated last month by Nigeria, but N1.149 trillion was shared, comprising distributable statutory revenue of N463.079 billion, Value Added Tax (VAT) of N391.787 billion, Electronic Money Transfer Levy (EMTL) of N15.922 billion, and Exchange Difference revenue of N279.028 billion. A communiqué issued after the end of the Federation Account Allocation Committee (FAAC) meeting held yesterday

Image
23-February-2024

Unlisted Securities Rise 0.33% After Recording Two Price Gainers

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.33 per cent appreciation on Thursday, February 22. This increased the wealth of investors by N5.16 billion during the session, with the market capitalisation growing to N1.576 trillion from the previous day’s N1.571 trillion. Following the same trend was the NASD Unlisted Security Index (NSI), which went up by 3.8 points to wrap the session at 1,162.77 points compared with 1,158.97 points recorded at the previous session. There were two gainers against one loser at the session on Thursday led by bellwethers – Aradel Holdings Plc and FrieslandCampina Wamco

Image
23-February-2024

Naira Falls at NAFEX, Parallel Market as Govt Battles Speculators

By Adedapo Adesanya Despite the unconventional approaches to ease the free fall of the Naira, its value weakened against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, February 22 by 1.9 per cent or N28.73 to close at N1,571.31/$1 compared with the N1,542.58/$1 it was transacted in the midweek session. The domestic currency suffered the loss despite the supply of foreign exchange (FX) improving by 11.7 per cent or $20.11 million to $192.25 million from Wednesday’s $172.14 million. However, the local currency appreciated against the Pound Sterling in the official market yesterday by N142.83

Image
23-February-2024

Oil Prices Up as Houthis Intensify Attacks in Trading Sea Routes

By Adedapo Adesanya  Oil prices went up on Thursday as Iran-aligned Houthis stepped up attacks in the Red Sea near Yemen while the market faced a large build in crude inventories in the world’s largest producer, the United States. During the session, Brent crude futures increased by 66 cents to $83.69 per barrel and the US West Texas Intermediate (WTI) crude futures surged by 76 cents to $78.67 a barrel. Worries came as the Houthis said they would escalate their attacks on ships in the Red Sea and other waters, adding they have introduced “submarine weapons” to reach their goals.

Image
23-February-2024

Customs Street Cracks by 0.12% as Traders Sell Off Wema Bank, Others

By Dipo Olowookere The bulls lost control of the Nigerian Exchange (NGX) Limited to the bears on Thursday amid sustained weak investor sentiment. Customs Street ended in the red zone by 0.12 per cent after it recorded 20 price advancers and 28 price laggards, implying a negative market breadth index. DAAR Communications was on top of the losers’ table yesterday after it let go of 10.00 per cent of its previous day’s closing price to trade at 72 Kobo. Wema Bank shed 9.93 per cent to sell at N7.80, PZ Cussons went down by 9.89 per cent to N24.60, Academy

Image
22-February-2024

FG to Resume Direct Cash Transfers to Poor Nigerians as Hunger Spreads

By Adedapo Adesanya Amid current realities, the federal government intends to restart direct cash transfers to the poorest and most vulnerable Nigerians, after a scandal led to the suspension of the programme last month. The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, revealed this during the Ministry’s retreat held in Uyo, Akwa-Ibom State. He said approximately three million people are recipients of the scheme but due to the escalating cost of living, the government anticipates that an additional 12 million households could qualify for these direct payments. The Finance Minister said, “The presidential panel on

Image
22-February-2024

Lagos Plans Daily Free Meal for Residents, Markets for Cheap Food Items

By Modupe Gbadeyanka About 1,500 residents of Lagos State will have access to one free meal per day to cushion the effect of the economic hardship in the country, Governor Babajide Sanwo-Olu has declared. Mr Sanwo-Olu, while answering questions from journalists during a media chat on Thursday, said his administration would establish at least 42 Sunday Markets across the metropolis for cheap food items, though the commencement of this initiative is yet to be revealed. There has been a pocket of demonstrations across the country over the rising hunger in Nigeria as a result of high inflation and the devaluation

Image
22-February-2024

WINBAFRICA Plans Big for 10th Anniversary

By Modupe Gbadeyanka All is now set for the 10th anniversary of WINBAFRICA themed Bridging the Gap: Celebrating a Decade of Nation-building. The organisation is gathering stakeholders together on Monday, February 26, 2024, for the event at the Alliance Francaise in Ikoyi, Lagos. The group was formed in 2014 and has since then promoted girl-child education and empowered women and young girls in critical thinking and leadership skills in secondary schools across Africa. As part of activities lined up for this year’s celebration, WINBAFRICA organised an annual school debate competition and scholarship programme for 20 young girls across the continent.