Progress Emerges Nigerian Idol Season 7 Winner

By Modupe Gbadeyanka Eight nightclubs and event centres within Ikeja and Victoria Island have been sealed by the Lagos State government over safety violations. A statement by the Lagos State Safety Commission disclosed that the affected facilities were shut down to ensure the safety of lives and properties in the metropolis. A few facilities accused of contravening the state’s safety laws were Hot Box Night Club, Shades Night Club, Buzzbar, and CCX Lounge. The Director General of the agency, Mr Lanre Mojola, said the administration of Governor Babajide Sanwo-Olu has zero tolerance for violation of safety laws and will continually

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

School’s out, and now it’s time to let the fun in, and keep the kids distracted, entertained and educated this week as GOtv brings a fantastic lineup of programmes and shows for kids. They get to embark on thrilling adventures with Power Rangers Super Ninja Steel as they try to keep their nemesis from taking over the world and for the young budding chefs, brush up their culinary skills with Alice Wonderland Bakery. Below is a lineup of our must-watch superhero action and entertaining programmes  for your kids this holiday Henry Danger: Henry Hart is a regular high school student

By Dipo Olowookere Japanese multinational holding conglomerate, SoftBank, has released the sum of $6 billion to an American startup, WeWork. This funding package is in the form of primary growth capital with the remaining $1 billion in secondary capital to be used to fund share purchases from investors and employees, making WeWork’s post-money valuation now at $47 billion. A statement from the American company said this investment includes a previously announced $4 billion funding commitment from SoftBank in the form of a $1 billion convertible note and a $3 billion warrant. WeWork and its subsidiaries have now raised more than

By Dipo Olowookere The MKO Abiola Stadium in Abuja has been handed over to Africa’s richest man, Mr Aliko Dangote, for renovation. The sporting facility was transferred to him through his firm, Dangote Group, by the federal government.   According to Minister of Youth and Sports Development, Mr Sunday Dare, the project will be handled by Messrs Aron Nigeria Ltd and will last 24 weeks. At the handing over ceremony on Wednesday, August 26, 2020, the Minister Mr Dare urged the contractor to move with the speed of light but stressed that when completed, efforts would be made to maintain

By Dipo Olowookere The 5-year corporate bond issued by Dana Group of Companies Plc in 2014 has matured, Business Post has confirmed. In April 2014, the management of Dana Group sold N4.50 billion worth of fixed rate secured bonds to investors in an effort to raise funds to support its operations. The debt instrument was offered at N1,000 per unit with a coupon rate of 16 percent. Information at our disposal indicated that on Monday, April 1, 2019, the bonds matured and the bond holders settled. When the notes were issued, Dunn Loren Merrifield acted as Lead Issuing House/Book Runner

By Aduragbemi Omiyale Airtel Networks Limited, also known as Airtel Nigeria, has acquired 4G and 5G spectrums from the Nigerian Communications Commission (NCC) for a cumulative price of $316.7 million. This was confirmed on Monday by the parent company of the Nigerian subsidiary, Airtel Africa Plc, which trades its shares on the Nigerian Exchange (NGX) Limited. In a regulatory notice, the firm said the $3.16.7 million for the 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz would be paid to the regulator in Naira. Airtel expressed its excitement at buying the spectrums, saying they would ensure

By Modupe Gbadeyanka A N1 billion e-library has been completed and opened in Port Harcourt by Shell Petroleum Development Company of Nigeria Limited (SPDC). The facility is one of the N2 billion social investment projects Shell exclusively sponsored in the Niger Delta to mark Nigeria’s centenary anniversary. The e-library is expected to be used by book lovers and other literary enthusiasts in the region. According to the Managing Director SPDC/Country Chair, Shell Companies in Nigeria, Mr Osagie Okunbor, who spoke at the inauguration of the Port Harcourt Literary Society Library, “SPDC invested exclusively on this library project because of its

By Dipo Olowookere An employee of Zenith Bank Plc in Lagos simply identified as Bunmi has been accused of stealing N3 million from accounts of customers with the bank. The suspect, who has now been declared wanted by the police, allegedly works with a syndicate, who supplies him with account details of other unsuspecting customers, where the stolen money are transferred into. Spokesperson of the Nigerian Police Force in Zone 2, Lagos, CSP Dolapo Badmos, disclosed that accomplices of the main suspect, Bunmi, have been arrested. She gave the names of those arrested as Babalola Akinyele, aka Olumba; and Adeshina

By Jerome-Mario Chijioke Utomi Recently, precisely on Monday, August 23, 2022, the GbaramatuVoice newspaper, in what has become an annual ritual of the sort, announced for the awareness of the general public, details of programmes lined up to mark its forthcoming 7th Anniversary Lecture/Awards, scheduled for Tuesday, August 30, 2021, by 10:00 am, at the Transcorp Hilton Hotel, Federal Capital Territory (FCT), Abuja. Also in that release, the news organization told the world that the anniversary lecture, which has as a central theme Oil politics, securing national assets, dependency and diversification, will have as keynote speaker, Timipre Sylva, the Minister

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that Nigeria saw a 65.7 per cent or N76.77 billion increase in earnings from the solid minerals sector in 2021 to N193.59 billion from the N116.82 billion achieved in 2020. This upward trajectory has been on for the past five years, according to a report from the agency. The Executive Secretary of NEITI, Mr Orji Ogbonnaya Orji, however, lamented that this is still abysmal considering the potential of the sector to the Nigerian economy. He said this while presenting the solid minerals sector report in Abuja, noting that