Sudan Unrest: Nigeria Moves to Evacuate 2,600 Citizens in First Batch

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Group Plc and its subsidiaries have expressed sadness over the death of one of its founding fathers, Pa Akintola Williams. Mr Williams, a renowned chartered accountant, peacefully died in his sleep, according to his family, on Monday, September 11, 2023, at the age of 104. In a statement issued on Thursday, the NGX Group described the death of Mr Williams as a “profound loss to the Nigerian capital market” and the country. He was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange (NSE), which

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Modupe Gbadeyanka Kenyan rapper, drummer and cultural entrepreneur, Muthoni Drummer Queen, has joined Spotify’s EQUAL Music Programme as December’s Artist of the Month. Having developed her love for music in choirs at school, Muthoni Drummer Queen has achieved acclaim not only for her own music but also for her wider work in the Kenyan music industry. Fresh out of university, for example, she organised the Blankets and Wine music festival, which has provided a platform for alternative musicians in the region since 2008. Since then, the festival has come to incorporate elements of fashion, art, and literature in addition

By Adedapo Adesanya The Nigerian Economic Summit Group (NESG) has disclosed that a stimulus package of N10.1 trillion is needed to mitigate the negative impact of COVID-19 on the country. The think-tank group stated this in its Macroeconomic Outlook Update where it weighed the effect pandemic on Nigeria’s future. “Nigeria is facing the grim prospect of having its debt status aggravated by the country’s plan to borrow more as an alternative to dwindling revenue as the coronavirus pandemic worsens. “Government seeks to borrow more than N4.43 trillion mostly from multilateral lenders as fiscal authorities battle constraints posed by plunging oil

By Modupe Gbadeyanka Activities on the Nigerian Stock Exchange (NSE) ended on Friday for the week on a downward trend with the All-Share Index dropping by 0.07% after growing by 0.08% the previous day. Specifically, the all-share index declined by 196.68 points to close at 27,835.22 points. The market capitalisation, which finished at N9.628 trillion on Thursday, ended at N9.560 trillion on Friday, recording a loss of N67.5 billion. At the close of trading on the NSE for the week on Friday, Nestle led the losers’ chart after declining by N15 to close at N800 per share, while Guinness trailed,

By Modupe Gbadeyanka The Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Ms Teju Abisoye, has called for more funding for women-led startups and innovative projects. She made this call while giving her keynote address at an event organised by the Nigerian Exchange (NGX) Limited to mark World Intellectual Property (IP) Day 2023. Ms Abisoye, represented by the Director of Strategy, Funding and Stakeholder Management at LSETF, Ms Sheila Ojei, said that by recognising and protecting women’s IP rights, society can enhance innovation, create more business success and empower women globally whilst improving gender equality. “To accelerate women-led

By Adedapo Adesanya President Muhammadu Buhari has approved a second tenure for Mr Ben Akabueze as the Director-General of the Budget Office of the Federation. The presidential approval was disclosed on Sunday, May 17 in a statement signed by Mr Yunusa Tanko Abdullahi, Special Adviser to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Mr Akabueze’s current tenure is scheduled to expire on Wednesday, June 10, 2020. He was first appointed as a Special Adviser on Planning to the President on February 15, 2016, and was designated within months as DG of the budget office on June

By Modupe Gbadeyanka Total transactions on the floor of the Nigerian Stock Exchange (NSE) in February 2017 depreciated by 22.25 percent from N95.32 billion recorded in January 2017 to N74.11 billion, latest data released by the local bourse revealed. In the Foreign Portfolio Investment Report for February 2017, it was disclosed that domestic investors outperformed foreign investors by 6.78 percent. The domestic transactions decreased by 22.88 percent from N51.31 billion recorded in January 2017 to N39.57 billion in February 2017, while foreign transactions also decreased by 21.52 percent from N44.01 billion to N34.54 billion within the same period. Similarly, the

By Dipo Olowookere Stanbic IBTC Bank Plc has commenced the sale of its series 3 commercial paper under its N100 billion multicurrency commercial paper programme. The financial institution intends to sell N20 billion worth of the corporate debt instrument to interested investors in a period of one week. Subscription for the commercial paper commenced on Thursday, January 20, 2022, and will end on Thursday, January 27, 2022, according to details of the exercise obtained by Business Post. It was gathered that the tenor of the commercial paper is 269 days, maturing on Thursday, October 27, 2022, and it is with

By Modupe Gbadeyanka Shareholders of Transcorp Plc have been told sleep with their two eyes closed before their investments in the company will continue to yield more returns. This assurance was given by the chief executive of Transcorp, Mr Valentine Ozigbo, while reacting to the release of the firm’s audited results for the year ended December 31, 2018. In the financial statements, Transcorp grew its profit after tax (PAT) to N20.6 billion in 2018 from N10.6 billion in the prior year, while the profit before tax (PBT) increased to N22.4 billion from N12.3bn in 2017, with the turnover rising by