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By Aduragbemi Omiyale A veteran Nollywood actress, Cynthia Okereke, has been reported dead by one of her colleagues, Joseph Okechukwu. The thespian, who was kidnapped some months ago along with another actor, Clemson Cornel, reportedly breathed her last night. “Rest in peace, Nwanyi oma. I’m shattered beyond words. The fact that I was about to pay for your flight ticket to come to finish what we started only to hear you went to be with Lord just last night is one of the toughest things I’ve ever had to deal with in recent times. “I pray I’m able to recover

By Modupe Gbadeyanka Twenty talents have been shortlisted to battle for the grand prizes of the second edition of the Headies Mic Check competition sponsored by Airtel Nigeria. The almost two dozen music acts picked by the organisers were from the over 2,000 entries received from across the country. Several aspiring Nigerian musical talents were in Lagos from different states across the country, singing songs that suited the texture of their voice, written either by them or their favourite artists. However, only 20 persons were selected, and they will now have to impress the judges through the live show stage

By Modupe Gbadeyanka The 6th edition of the prestigious GTCO Fashion Weekend has been fixed for November 11 and 12, 2023, a statement from the organisers, Guaranty Trust Holding Company (GTCO) Plc, has disclosed. The event is one of the most anticipated in the African showbiz calendar because it provides an avenue for stakeholders from far and near to network and get the latest trends in the fashion industry. In a statement made available to Business Post on Tuesday, it was disclosed that the GTCO Fashion Weekend would take place at the GTCentre on Plot 1, Water Corporation Drive, Oniru,

By Dipo Olowookere The House of Representatives on Thursday raised an alarm over the huge amount of money lost annually by Nigeria to financial leakages. A member of the lower chamber of the National Assembly, Mr James Faleke, in a motion moved today and seconded by Mr Rurum Nasir, said about $30 billion is lost through fictitious and misappropriated means. According to him, some highly influential persons and companies engage in foreign exchange racketeering by obtaining forex at cheap rates from the government through the Central Bank of Nigeria (CBN) for businesses in the country at less than N310/$1, but

By Adedapo Adesanya A real estate company, Adron Homes, has promised to contribute its input to the development of Remo in Ogun State. The group managing director and chief Executive Officer of Adron Homes, Mr Adetola EmmanuelKing, gave this assurance when he led the other senior management team to visit the Akarigbo of Remo, Oba Babatunde Adewale Ajayi. The team visited the monarch to celebrate his 60th birthday and his 5th-year reign as the paramount ruler of Remoland. Mr Adetola said, “Five years of your pragmatic leadership, coupling your unifying qualities, abilities, and relentless attraction of investors to Remoland and

By Dipo Olowookere Eight companies have been chosen from a pool of 38 bidders to ensure the successful sale of the $6.2 billion Eurobond to be issued by the Nigerian government. The federal government led by President Muhammadu Buhari had informed the National Assembly when it presented the 2021 Appropriation Act that the sum of N2.3 trillion ($6.2 billion) would be required to finance the budget deficit. Mr Buhari later wrote a letter to the Senate in May 2021 of the need to approve this loan request and this was authorised in June. After the parliament’s approval, the Debt Management

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed the last trading session of this week on a bearish note, losing 0.09 per cent on Friday, August 5. The outcome came after NASD Plc posted a loss of N1.76 or 9.8 per cent to close at N16.19 per unit in contrast to the previous session’s N17.95 per unit. This consequently weakened the market capitalisation of over-the-counter stocks by N860 million from the N1.003 trillion it quoted at the previous session to N1.002 trillion. In the same vein, the NASD Unlisted Securities Index (NSI) depreciated by o.65 points to end

By Dipo Olowookere INVESTOUR, a unique platform for tourism businesses from Africa and Europe to meet has convened more than 20 African Ministers of Tourism at FITUR, the Spanish Tourism Fair. The initiative, now in its 8th edition, has taken place on 19 January in a joint initiative of the World Tourism Organization (UNWTO) and Casa Africa. In the last eight years, INVESTOUR has become a unique platform for exchange of information and for business opportunities in the African continent. The event has counted in its 8th edition with the participation of more than 20 Ministers of Tourism of different

By Dipo Olowookere The appetite for one-year bill of the Central Bank of Nigeria (CBN) reduced at the Open Market Operations (OMO) conducted on Thursday. The apex bank held its weekly OMO auction and from observation, the usual hunger offshore investors have for the 12-month instrument waned during the exercise. Business post reports that N130 billion worth of the bill was offered for sale to traders, but the CBN only received bids valued at N107.80 billion at the end of the exercise. In the past exercises, the apex bank would have received triple of the amount it auctioned to market

By Dipo Olowookere A former director in the Ministry of Finance, Mr Emmanuel Ayodele, has reportedly died after he slumped at a club in Abuja, where he had allegedly gone to unwind. It was gathered that immediately Mr Ayodele, a retiree, went to the ground, he was taken to the hospital, where he was pronounced dead by the doctor. According to Northern City News, the 65-year-old man had gone to meet his friends at Amity Club in the Garki area of Abuja. He reportedly showed no signs of illness before the incident, which was why it was a huge shock

By Adeniyi Ogunfowoke Having fun on a tight budget when you travel can be tough especially if you are in a big city or anywhere where a lot of travelling is required. However, you do not need to worry because you can still have an exciting time even though you are travelling on a budget. Jumia Travel, the leading online travel agency, discusses ways you can do this. Find local events Cities and local organizations frequently produce lists of upcoming events for the public. These range from movie nights and art festivals to community celebrations. Cost of entry is typically