Onnoghen Resigns as CJN

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

By Rotimi Onadipe The Hushpuppi saga is a trending story that many people have shared severally on different social media platforms around the world. It had also generated a lot of controversies. However, we need to ask ourselves a very important question about this trending story. Why is it that so many victims fell for the scam? The answer is simply because the defrauded victims had little or no knowledge about the Business Email Compromise (BEC) scam which was the strategy used by Raymond Abbas aka Hushpuppi. What is a Business Email Compromise? BEC is a kind of fraud in

By Dipo Olowookere A former military Governor of Kaduna State, Mr Abubakar Umar, says he has informed his lawyers to file a suit against MTN over unsolicited messages and deductions from his call credits. Mr Umar said he has complained severally to the network provider and was assured that it will not happen again, but was surprised that nothing was done as promised. The former Governor also noted that all attempts to reach the telecoms regulator, the Nigerian Communications Commission (NCC) have failed. Speaking on Saturday, Mr Umar said it was unfortunate that this practice has continued despite complaints. He

By Adedapo Adesanya Shell has disclosed that Nigeria benefited most from its social investment spending in 2019 as it invested $40 million through its three subsidiaries operating in the country. This was disclosed in its Nigerian Briefing Notes released on Thursday. Shell said the investments were done through Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), and Shell Nigeria Gas (SNG). They were used in the provision of access to affordable healthcare, educational support, enterprise support, accelerating access to energy, and providing assistance and safety. The multinational company explained in the last 14 years, it has

By Dipo Olowookere The series one three-year bond worth N26.4 billion issued in June 2016 by Lafarge Africa Plc has been redeemed by the company. Lafarge Africa, in a notice today to the Nigerian Stock Exchange (NSE), said the notes were redeemed when they matured on June 15, 2019. The bonds were sold to investors three years ago when the cement manufacturer launched its 100 billion bond programme. At the time, the company offered the papers in two series; the first was the N26.4 billion and the second was worth N33.6 billion. While the series one, a three-year tenor, was

By Adedapo Adesanya Crude oil prices surged more than 6 per cent on Tuesday, hitting their highest level since June 2014 as Russia continued its advancement into Ukraine, sparking more reactions from traders and observers. The international crude benchmark, Brent, jumped 6.72 per cent or $6.72 to $104.69 while the US West Texas Intermediate (WTI) crude rose by 7.61 per cent or $7.28 to $103.00 per barrel. Prices first topped the $100 mark last week when Russia invaded Ukraine, prompting fears of supply disruptions from key exporter, Russia, in what is already a very tight market. But on Tuesday, prices

By Modupe Gbadeyanka Nigerian stocks rebounded on Friday to erase yesterday’s marginal loss, closing today 0.85 percent higher to push the year-to-date return up to 32.05 percent. Business Post reports that trading activities on the floor of the Nigerian Stock Exchange (NSE) finished the week on a positive note with investors gaining N103.4 billion despite the low volume of shares transacted at the market. The All-Share-Index (ASI) appreciated by 299.84 points to close at 35,488.81 points, while the market capitalisation improved by N103 billion to settle at N12.2 trillion. In addition, the market breadth further ended positive with 22 stocks

By Investors Hub European stocks have turned mixed on Thursday as concerns over the recent strength of the euro have partly overshadowed gains in the banking and commodity-related sectors. While the U.K.’s FTSE 100 Index is up by 0.2 percent, the German DAX Index is down by 0.5 percent and the French CAC 40 Index is down by 0.9 percent. Deutsche Bank shares have risen after a U.S. federal judge dismissed a lawsuit accusing the bank of concealing major deficiencies in its anti-money laundering controls. Commerzbank, BNP Paribas, Credit Agricole and Barclays have also climbed as all big U.S. banks

By Dipo Olowookere Nigerian stocks were further depressed on Tuesday, no thanks to selloffs embarked upon by investors, leading to a 0.14 percent at the close of transactions. The year-to-date loss expanded to 20.65 points. During the last trading session of the month, the All-Share Index (ASI) decreased by 30.32 points to 21,300.47 points from 21,330.79 points, while the market capitalisation reduced by N16 billion N11.101 trillion from N11.117 trillion. Selling pressure persisted in the banking and industrial goods sectors, losing 1.12 percent and 0.09 percent respectively. The insurance index appreciated by 1.63 percent, while the consumer goods counter gained