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By Adedapo Adesanya Nigeria’s campaign to win a fourth African Cup of Nations (AFCON) will see the Super Eagles face Cote d’Ivoire, Guinea-Bissau, and Equatorial Guinea in Group A of the 2023 tournament scheduled for early next year. The draw was held at the Parc Des Expositions in Abidjan, Cote d’Ivoire on Thursday. The 2023 AFCON tournament will be taking place in the country from January 13 to February 11, 2024. Nigeria were placed in Pot 2 ahead of the draw event attended by representatives of the participating teams, including the continent’s football legends like Mikel Obi, Taribo West, and

By Adedapo Adesanya The Premier League has deducted 10 points from Everton after it found the club guilty of breaching Premier League financial fair play rules. The deduction is the biggest points deduction in the competition’s history and will see the Merseyside club drop 19th position, two points from safety. Everton, who had denied wrongdoing, believe a sporting punishment for an accountancy matter is disproportionate and inappropriate and have told the league they intend to appeal. Leeds, Leicester and Burnley have previously written to Everton’s prospective new owners, 777 Partners, warning they intended to sue for damages in the event

By Aduragbemi Omiyale An innovative initiative called Omo Adugbo, designed to tackle the high rate of unemployment among youths across Nigeria, has been introduced by a foremost bookmaker, BetWGB. This schemed, which is part of the company to bridge the youth unemployment gap in the country, involves the provision of an outlet in each local government across the country to serve as the organisation’s contact office within the local area. By establishing these outlets across the country, BetWGB Nigeria aims to impact positively on the local economy and bridge the unemployment gap that has affected many young Nigerians. With a

By Bliss Okperan Some match officials in the Nigeria Professional Football League (NPFL) have been punished for poor officiating by the Nigeria Referees Association. President of the group, Mr Sanni Zubair, disclosed this to the News Agency of Nigeria (NAN) over the weekend in Lagos. He explained that the action was taken to restore the confidence of players and other stakeholders, including football fans, in the local league. According to him, the organisation will not hesitate to flush out referees found guilty of undermining the football league, adding that efforts are being made to ensure the domestic league regains attraction.

By Modupe Gbadeyanka Governor Godwin Obaseki of Edo State said he has created over 80 percent of the 200,000 (about 160,000) jobs he promised residents of the state during his campaign for his present first term in office. Speaking in Benin City while inspecting the delivery of mechanised farm equipment under the state’s Agripreneur programme, the Governor said he will continue to make efforts to make the people happy through investments in agriculture notwithstanding the distractions. “For us in Edo State, we have a culture of agriculture and we are ready to bring it back as we have started to

By Dipo Olowookere The stock market in Nigeria was relatively busy last week as investors showed a renewed interest in the market, resulting in the 2.95 per cent week-on-week growth posted at the close of transactions last Friday. In the week, the All-Share Index and market capitalisation of the Nigerian Exchange (NGX) Limited closed higher at 43,253.01 points and N22.572 trillion respectively. Similarly, all other indices finished higher with the exception of banking, insurance, NGX-AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, energy and industrial goods indices, which depreciated by 1.13 per cent, 2.25 per cent, 1.83 per

By Dipo Olowookere Leading energy firm, Oando Plc, has announced the resignation of two of its non-executive directors from its board. A notice to the Nigerian Stock Exchange (NSE) on Friday said the two persons are Mr Sena Anthony and Mr Oghogho Akpata. However, the statement jointly signed by the company secretary, Ayotola Jagun, and the Head of Corporate Communications, Alero Balogun, did not state the reason for the resignation of the two directors. Last week, Oando received sanctions from the Securities and Exchange Commission (SEC), which accused the company of market infractions. Oando, this Monday, approached a Federal High

By Adedoyin Giwa From improving sales volume to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that e-commerce is opening up the Nigerian economy at an impressive rate. Thriving on a digital economy platform, e-commerce boasts an incredible level of cost-efficiency of connecting sellers with buyers, which makes it a potent tool for business growth, especially for SMEs. Interestingly, the unfolding relevance and inherent benefit of the e-commerce ecosystem is beginning to attract the interest of relevant stakeholders. Recently, the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emiefiele, stated that

By Adedapo Adesanya Russian President, Mr Vladimir Putin, told the BRICS summit participants in South Africa on Thursday that Moscow intends to deepen ties with African countries for food and fuel supply. Speaking in a video link address, Mr Putin said Russia was interested in developing “multi-faceted ties” with Africa, which has been roiled by fuel and food price rises resulting from the conflict in Ukraine. This is coming after the country exited the Black Sea grain deal in July. This move has seen grain prices soar, hitting many African countries very hard. Russia and Ukraine are among the world’s

By Dipo Olowookere The chief executive of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has disclosed that the bourse was working on a framework for certifications in carbon credits trading. Speaking on Wednesday at the NGX 2022 Market Recap and 2023 Outlook in Lagos, he said this is one of the ways the exchange wants to encourage investments in sustainable projects. According to him, “NGX sees sustainability as not just important but also a profitable frontier of its business and work is ongoing on developing a framework for certifications in carbon credits trading, pending regulatory approval.” Mr Popoola described

By Kester Kenn Klomegah With renewed and full-fledged interest to uproot French domination, Russia has ultimately begun making inroads into Africa’s Sahel region, an elongated landlocked territory located between North Africa (Maghreb) and West Africa, and also stretches from the Atlantic Ocean to the Red Sea. While it remains largely underdeveloped and the greater part of the population impoverished, terrorist organizations including Boko Haram and Al-Qaeda in the Islamic Maghreb (AQIM) are operating and have contributed to the frequent violence, extremism and instability in this vast region. Usually referred to as the G5 Sahel, it consists of Burkina Faso, Chad,

By Dipo Olowookere The suspension earlier placed on Royal Exchange Plc by the regulatory subsidiary of the Nigerian Exchange (NGX) Group Plc, NGX Regulation Limited, has been lifted. Royal Exchange is a leading asset management company in Nigeria, which also offers insurance protection to its clients. On July 11, 2023, trading in the shares of the company was prohibited as a result of the failure of the board to file its financial statements for the perusal of the investing community. But after filing its outstanding financial accounts, the embargo placed on the firm has now been lifted. This action was