Man United Mourn Victims of Calabar Tragedy

Image

By Dipo Olowookere

English football club, Manchester United, have expressed condolences to families of those who died in Calabar, Cross River State, Nigeria on Thursday night.

It was reported that during the UEFA Europa League quarter-final match between the Red Devils and a Belgian outfit, Anderlecht, last night, some football lovers, who were watching the match at a viewing centre, were electrocuted to death.

It was gathered that a high tension cable fell on the roof of the viewing centre and electrocuted over 30 persons to death.

In a tweet via its official Twitter handle on Friday, Manchester United condoled with friends and families of the victims.

“Our thoughts go out to the United fans, their friends and families affected by the tragedy in Calabar, Nigeria, yesterday,” the tweet reads.

In a related development, the club has expressed shock over the death of a former England international, Ugo Ehiogu, who died as a result of cardiac arrest.

“Everyone at United is saddened to learn of the tragic death of Ugo Ehiogu. Our thoughts are with his family, friends and colleagues,” Man United post on Friday.

“In light of this terrible news, Monday’s Reserves game against Tottenham at Old Trafford has been postponed,” the club announced.

Share
Related Stories
Image
08-February-2024

Versatile Sports Journalist Kayode Tijani Dies at 55

By Dipo Olowookere An ace sports journalist, Mr Kayode Tijani, has died at the age of 55 after a protracted illness at the Lagos State University Teaching Hospital (LASUTH), Ikeja. Business Post gathered that Mr Tijani breathed his last on Wednesday, February 7, 2024, and would be buried on Thursday at the Atan Cemetery in Yaba, Lagos at 2.00 pm. The deceased, who is survived by his wife, children, siblings and other relatives, studied at the Nigerian Institute of Journalism, Ogba, Lagos. He started his sports journalism career as a reporter in 1987 at Complete Communications Limited, publishers of Complete

Image
25-January-2024

AFCON 2023: 4 Ways to Get in on the Action With Google

TotalEnergies CAF AFCON 2023 is well underway, with 24 teams competing for the top prize in Africa’s greatest football spectacle. Sports fans across the continent and beyond are turning to Search to stay informed and drum up support for their favourite teams. We want to make sure you don’t miss a second of the action; so, here are some features from Search and YouTube to enhance your AFCON 2023 experience. #1: Follow all the match-time action on Search Throughout the TotalEnergies CAF AFCON Côte d’Ivoire 2023, whenever you search on Google for a tournament, a specific match-up, a team or

Image
12-February-2024

9 Records That Were Broken at 2023 AFCON

By Modupe Gbadeyanka The 2023 Africa Cup of Nations (AFCON) hosted by Cote d’Ivoire ended on Sunday, February 11, 2024, with the host nation winning the competition after defeating its West African neighbours, Nigeria, 2-1. During the tournament, nine records were shattered, with André Ayew (Ghana) tying Rigobert Song (Cameroon) for the most matches played at 36 each, according to data compiled by Bettors.co.za. Also, both Youssef Msakni (Tunisia) and André Ayew tied the record for the most appearances with this being their 8th appearance. Egypt extended their record as the nation with the most appearances at AFCON with 26,

Image
13-February-2024

Tinubu Confers National Honours on Super Eagles

By Adedapo Adesanya Members of the silver-winning Super Eagles team in the just-concluded Africa Cup of Nations (AFCON) in Cote d’Ivoire have been conferred with national honours by President Bola Tinubu. At a reception held to welcome them to the country on Tuesday, the President awarded each member of the team with the Member of the Order of the Niger (MON) for their display at the tournament, won by the host nation after defeating Nigeria in the final on Sunday by 2-1. Mr Tinubu, while addressing the country’s national football team at the Council Chambers of the State House in

More Stories
Image
20-June-2021

Christianity, Economics, Politics & Why Education Does not Work

By Nneka Okumazie There are at least two guarantees of most education – procedure and profile: a procedure that shows how to reach an outcome and a profile that shows that the procedure was passed. There are other possibilities with education, but many get through both destinations and park. There are lots of places around the world, developed and developing, where people rail about education quality or inefficiency. But, maybe those aren’t the ways to look at education if procedure and profile are achieved. Looking broadly at education – there are 3 Fs to consider: fiction, fusion and fission. There

Image
04-January-2022

Niger Delta Youths Back Buhari’s Decision on Corrupt Officials

By Henry Ovie Youth leaders in the Niger Delta on Sunday applauded President Muhammadu Buhari for vowing to rid the Niger Delta Development Commission (NDDC) of the moral and political rot that has plagued it for so long. “We are continually inspired by Buhari’s dedication and vision to addressing development issues in the Niger Delta region,” the youths said at a meeting in Warri, Delta State. The President promised to go after those indicted in the forensic audit of the NDDC and the youths from the region expressed gratitude to Mr Buhari for “every sincere effort made to achieve development

Image
10-November-2020

Phillips Consulting’s Guide to Avoiding Security Complexities

Many years ago, the firewall was everything. Defence-in depth was a concept defined as layered defence with multiple firewalls on the path. Behind the firewall was a fortress. Organisations designed networks with strong perimeters and demilitarised zones to ensure the crown jewels were well-protected. Attackers had a difficult time trying to break into the firewalls. On the physical layer, Network Admission Control (NAC) technologies were implemented to prevent intruders from having direct access into the network by preventing them from plugging unauthorised devices into the network. Before a device was admitted, it had to meet a minimum requirement defined by

Image
24-April-2019

Stocks Lose 0.03% in First Session After Easter Break

By Dipo Olowookere The first trading day on the floor of the Nigerian Stock Exchange (NSE) after the Easter holiday turned bearish. This followed the 0.03 percent loss recorded by the local stock market, which put a halt to the bullish sessions of last week. It was observed that losses printed by stocks in the consumer goods, banking and insurance sectors plunged the market into the negative region. At the close of transactions, the All-Share Index (ASI) depreciated by 10.31 points to settle at 30,076.00 points, but the market capitalisation rose by 2.4 billion to finish at N11.303 trillion. During

Image
24-August-2023

Binance Stops Crypto Debit Cards in Latin America, Middle East

By Adedapo Adesanya The world’s largest cryptocurrency exchange, Binance, has announced plans to discontinue its crypto-backed debit card in Latin America and the Middle East, two of the world’s emerging markets. This is according to a post on X, formerly Twitter, by its customer support team on Thursday, but it did not specify when it would commence. According to crypto information platform Coindesk, the card service will be terminated in the Middle East tomorrow (Friday, August 25) and in Latin America on Thursday, September 21, but it did not provide a reason for the decision, though it reported that less

Image
08-December-2017

US Economy Adds 228,000 Jobs in November as Average Hourly Earnings up 2.5%

By Investors Hub/Business Post Nigeria No fewer than 228,000 jobs were added into the economy of the United States of America in November, latest data released by the country’s Labour Department has revealed. This figure was more than what observers and analysts had anticipated. Economists had expected employment to climb by 200,000 jobs compared to the addition of 261,000 jobs originally reported for the previous month. The report said the unemployment rate came in at 4.1 percent in November, unchanged from October and in line with economist estimates. Meanwhile, average hourly employee earnings were up by 2.5 percent year-over-year in

Image
12-November-2018

LCCI Holds Roundtable on Sustainability of Nigeria’s Debt Profile

By Dipo Olowookere On Friday, November 16, 2018 the Lagos Chamber of Commerce and Industry (LCCI) will hold a roundtable on Nigeria’s debt sustainability. The Nigerian Debt Profile has been generating some concerns in recent time. In this connection, the Lagos Chamber of Commerce and Industry is putting together the forum to discuss the issue. On that day, experts, resource persons and analysts will gather at 1, Idowu Taylor Street, Victoria Island, Lagos from 9.00am – 2.00pm to dissect the issue. A statement issued by LCCI explained that the forum provides opportunity for stakeholders to deliberate on Nigeria’s Debt Issues

Image
24-November-2016

FG, States, LGs Share N420b In October—Adeosun

By Modupe Gbadeyanka A total of N420 million was shared in October among the Federal, States and Local Governments of the federation. This information was disclosed by the Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja. According to the Minister, the same amount was shared in September. Mrs Adeosun disclosed further that N6.3 billion was refunded to the federal government by Nigerian National Petroleum Corporation, while the net statutory allocation is N197 billion and Value Added Tax is N69.6 billion, an increase of N5.35 billion from the previous month. The Minister noted that there was exchange gain of

Ad
Ad
Recent Stories
Image
26-February-2024

Global Finance Names Ecobank Best FX Bank in Nigeria

By Dipo Olowookere Ecobank Nigeria Limited has been named as the Best FX Bank under the Country & Territory Awards category for Nigeria in the 2024 Global Finance’s annual SME Bank Awards. The parent company of the lender, Ecobank Group, on its part, clinched the Best Bank for SMEs in Africa 2024 award, reflecting its unwavering commitment to meeting the specialised needs of SMEs across its diverse markets. At the award ceremony held on Tuesday, February 20, 2024, at the Glaziers Hall in London, the United Kingdom, Global Finance explained that the Nigerian subsidiary of the leading pan-African Banking Group

Image
26-February-2024

GTCO, FBN Holdings, Transcorp Close as Busiest Stocks on NGX

By Dipo Olowookere The trio of Guaranty Trust Holding Company (GTCO) Plc, FBN Holdings Plc, and Transcorp Plc ended as the busiest stocks on the Nigerian Exchange (NGX) Limited last week. They accounted for 343.584 million shares worth N9.431 billion in 5,659 deals, contributing 24.96 per cent and 29.86 per cent to the total trading volume and value, respectively Data obtained by Business Post showed that the market recorded a turnover of 1.377 billion shares worth N31.584 billion in 42,040 deals versus the 1.559 billion shares valued at N36.497 billion traded in 42,546 deals in the preceding week. Financial equities

Image
26-February-2024

Excitement as Tinubu Commissions Geometric Power Plant

By Aduragbemi Omiyale The city of Aba in Abia State is beaming with excitement as President Bola Tinubu is expected to commission the Geometric power plant today, Monday, February 26, 2024. The facility is the first integrated power plant in Nigeria. It is situated in the Osisioma Industrial area of Aba. It is expected to provide 24-hour electricity to the city and about nine of the 17 local government areas of the state. The 181-megawatt Geometric power plant cost about $800 million and was done by a former Minister of Power, Mr Barth Nnaji. Electricity from the plant will be

Image
25-February-2024

Customs to Adopt Stable FX Rate for Cargo Clearance

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has reviewed the formula for fixing foreign exchange (FX) rates for customs duties for cargo clearance after uproar over the constant changes in the rate. The apex bank asked the Nigeria Customs Service (NCS) and other related parties to adopt the closing FX rate on the date of opening Form M for the importation of goods, as the forex rate to be used for Import Duty Assessment,. This was disclosed by Mr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN in a memo on Friday in Abuja. According

Image
25-February-2024

Climate Change: Agric Experts Advocate Smart Farming Practices

By Bon Peters Agriculture experts have advocated “smart farming practices” to combat climate change, improve productivity and enhance food security in the country. They noted that if climate change challenges were not nipped in the bud, more than 52 per cent of the country’s agricultural production would be threatened by 2050. The experts under the aegis of the Society of Action in Nigeria (SCAN), in collaboration with the University of Port Harcourt, disclosed this during a workshop organized for women and youth leaders on Thursday in Port Harcourt the Rivers state capital. A Senior Lecturer in the Department of Agricultural

Image
25-February-2024

VFD Group’s Adeniyi Adenubi Mentors Next Generation of Entrepreneurs

An executive director of VFD Group, Mr Adeniyi Adenubi, has mentored some students of the the Nigerian University of Technology and Management Scholars Programme (NSP). The mentoring session was to enlighten the next generation of entrepreneurs about the complexities of building a business, highlighting the impact of partnerships, entrepreneurial spirit, and service in the world of business, with the core message being Dream and believe in your dream. The Nigerian financial and investment expert spoke about his personal journey, which is intertwined with the dynamic principles of VFD Group, which include Entrepreneurial Ethos, Ambition, Agility, Partnerships, Innovation, Courage, and Commitment.

Image
25-February-2024

Why Trade Between India and Russia is Experiencing Upward Trend—Kotwani

By Kestér Kenn Klomegâh As President of the Indian Business Alliance (IBA) and the founder of the Imperial Tailoring Co., Sammy Kotwani, offers comprehensive insights on the evolving dynamics of Indian investment prospects in the Russian Federation. He also discusses, in this interview, aspects of business challenges and roadblocks in the context of geopolitical changes and competition as well as the current economic cooperation between India and Russia. Here are the interview excerpts: How would you characterize the geopolitical changes on investment prospects for Indians in Russian Federation? Geopolitical changes have significantly influenced investment prospects for Indians in the Russian

Image
25-February-2024

ECOWAS Lifts Sanctions on Niger, Mali, Guinea

By Adedapo Adesanya The Economic Community of West African States (ECOWAS) has resolved to lift some sanctions on Niger Republic, Mali, and Guinea. The resolution was taken at the extraordinary summit on the peace, political, and security situation in the ECOWAS sub-region in Abuja on Saturday. While the regional bloc said the political and a few targeted sanctions on the Niger Republic remain, it lifted some financial and economic sanctions on Guinea and others on Mali. Following the military coup in Niger Republic on July 26, 2023, which toppled President Mohamed Bazoum, ECOWAS imposed several sanctions on the country. Now,

Image
25-February-2024

SERAP Sues Wike, Governors Over Missing N40trn Allocations

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike, over their failure to account for the alleged missing N40 trillion federal allocations meant for local governments in the states and the FCT. The suit followed the damning revelations by former President Muhammadu Buhari who in December 2022 stated that “if the money from the federation account to the states is about N100 million, N50 million will be sent to the chairman but he will sign that he received N100 million.

Image
24-February-2024

Consumer Goods, Banking Stocks Lift Equity Market by 0.84%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded by 0.84 per cent on Friday, lifted by bargain-hunting in the consumer goods and banking sectors. The consumer goods index went up by 4.05 per cent during the session, as the banking space increased by 0.67 per cent, while the insurance counter depreciated by 0.09 per cent, as the energy and industrial goods sectors closed flat. At the close of transactions, the All-Share Index (ASI) grew by 849.20 points to 102,088.30 points from 101,239.10 points, and the market capitalisation expanded by N464 billion to N55.861 trillion from N55.397 trillion. Business Post