SERAP Tasks Akpabio, 13 Other Ex-Governors to Disclose Life Pensions

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 Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Adedapo Adesanya The Nigerian government has outlined its priorities for the upcoming 28th Conference of Parties (COP) in Dubai, the United Arab Emirates (UAE). Speaking to journalists at a pre-COP workshop organised by the National Council on Climate Change (NCCC), the Director General of the council, Mr Salisu Dahiru, said the country has a number of issues dear to its economy and journey towards climate resilience that it hopes to achieve at COP28. COP 28 is the United Nations Climate Change Conference taking place from November 30 to December 12. COP takes place every year and is the world’s

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 Modupe Gbadeyanka On Sunday, October 15, 2017, “33” Export Lager Beer, Nigeria’s number one friendship beer, with the celebration of friendship as its key message, hosted consumers to an evening of fun at Bongo Center, Owerri, Imo State. Before the Owerri event, other cities across Nigeria including Lagos, Ibadan, Uyo, and Port-Harcourt had felt the friendship vibe as consumers were entertained by top DJs and comedians like Comedian Bash, I Go Save, Shakara, Ajebo, DJ Kentalky, DJ Real and several other entertainers. Chika Dike-Paul, a guest at the event in Owerri, could not keep his excitement in as he

Kids’ savings accounts normally give parents joint ownership. That means mummy and daddy can manage the finances until the children are ready to do so on their own. Before opening an account, take some time to find the best bank, or an online-only bank for parent and their child. Keep an eye on the following: No minimum balance requirement or monthly maintenance fees: Children should see saving as a good thing. A good interest rate: parents should look for an account that can attract interest rates. Online or in-person access: Walking into a branch office is a good way to

By Dipo Olowookere Several illegal refineries in Delta State have been demolished by personnel of the Nigerian Navy as part of effort to curtail crude oil theft and pipeline vandalism in the Niger Delta region of the country. In the last week, a patrol team deployed by NNS DELTA discovered and destroyed a total of 10 illegal refineries at a camp around Jones Creek, Warri South West LGA of Delta State. The facilities destroyed during the raid include 200 metal tanks, 35 dug pits loaded with about 3,000 metric tons (MT) of product suspected to be stolen crude oil and

By Ebitonye Akpodigha The Peoples Democratic Party (PDP) has felicitated with the new Oba of Benin, Omo N’ Oba N’ Edo Uku Akpolokpolo Oba Ewuare N’ Ogieva, on his coronation yesterday in the ancient town of Benin City, Edo State. The Nigeria’s main opposition party, in a statement signed by its spokesman, Prince Dayo Adeyeye, noted that it believes the new monarch would bring to bear his vast experience in public administration and international relations in the further development of Benin Kingdom. The coronation on Thursday, October 20, 2016, according to the chronology of ascension to the throne, makes the

By Modupe Gbadeyanka The duo of Reigny and Abraham have been evicted from the Nigerian Idol Season 8 after garnering the least number of votes from the viewers last week, which was the second week of the live show, leaving contestants vying for the top prize. The remaining contestants performed last Sunday to the delight of the viewers, who are expected to vote further to keep them on the show. Over the weekend, the host of the music talent hunt, IK Osakioduwa, announced to the audience that a contestant would be sent packing before any performance for scoring the least

By Dipo Olowookere The public offer of MTN Nigeria Communications Plc was oversubscribed by 139.47 per cent, details of the exercise conducted last year have revealed. In the series 1 of the sales, which commenced on December 1 and ended on December 14, the telco intended to sell 575 million shares, but it ended up allotting 661.25 million shares, indicating an additional 86.25 million units. The exercise was done in two tranches, with the first mainly for institutional investors through book building and the second tranche for retail investors at a fixed price of N169 per unit. According to MTN

By Adedapo Adesanya The Nigerian Independent Petroleum Company (NIPCO) Plc has confirmed that its investment, put at $50 million, is helping push Nigeria’s energy diversification and transition plans, with more in the pipelines. According to Mr Suresh Kumar, the company’s Managing Director, “We have spent more than $50 million on natural gas infrastructure over the years. We believe that there are lots of potential in Nigeria that can be explored for gas utilisation, and this will further boost our economy.” Mr Kumar said that the organisation had deepened gas usage and market penetration in the country through massive investment in

By Selwyn Blieden For a long time, the most prominent players in the African property sector have been private equity or other institutional investors. It is also true that there has been an obvious gulf between demand and supply in all property sectors (commercial, industrial and residential) across many markets on the continent. The investment proposition, often-repeated to prospective funders, regulators and local partners, was that by pioneering landmark projects international investment and development teams would go some way to bridge this gulf. But few of those presenting this thesis have shown the success they predicted for themselves and their