Nigeria Reverses Ban on International Basketball Competitions

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Betting, a popular leisure activity around the world, has found a passionate audience in Nigeria. With the increasing accessibility of online platforms and a thriving sports culture, many Nigerians are drawn to the excitement and potential rewards of betting. However, like any form of entertainment, betting comes with its own set of regulations and limitations. This article delves into the crucial aspects of betting limits in Nigeria, equipping enthusiasts with essential knowledge to make informed decisions and enjoy their betting experiences responsibly. Age Restrictions and Legal Betting Age In Nigeria, the legal age for engaging in betting activities is 18

By Adedapo Adesanya The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) will submit a review of the revenue allocation formula to the Presidency by the end of the year. Chairman of the commission, Mr Elias Mbam, confirmed this in Abuja, noting that President Muhammadu Buhari would have the new sharing pattern soon. Mr Mbam said the review was one of the major responsibilities of the agency as it was last done in 1992, which was about 29 years ago. He said that according to the constitution, the formula, which has been accepted as an act of the National Assembly, would

By Okechukwu Keshi Ukegbu Abia state government said it has completed design for a 17 kilometre of road within Enyimba Economic City, which will be done by China Civil Engineering Construction Corporation (CCECC) and Group Five of South Africa. Senior Special Assistant to Abia State Governor on Job Creation and Youth Development, Chinenye Nwaogu, disclosed this during the recent launch of Google Digital skills programme, for manufacturers in Aba. He also revealed that the construction work on the project will start at the last quarter of this year, adding that the Federal Government has paid for its 20 percent share

By Adedapo Adesanya  Barcode, a Los Angeles, California-based maker of a fitness drink for hydration, has received an undisclosed investment from Victor Wembanyama, the number 1 overall pick of the 2023 NBA Draft in the United States. Barcode recently underwent a valuation of $30 million and has expanded its retail availability to include HEB, Krogers, Safeway/Albertsons, Buc-Cee’s and 7-Eleven, mainly in the Texas market. Additional funding has been secured from co-founder Kyle Kuzma, 10-time NBA All-Star and entrepreneur Carmelo Anthony, who will join Barcode as a Board Advisor, world-renowned boxer Gervonta Davis, Derek Fisher, Jordan Clarkson, Chelsea Gray, Jae’sean Tate,

By Dipo Olowookere Chairman of BUA Cement, Mr Abdul Samad Rabiu, has announced the donation of an additional N3.3 billion for the fight against Coronavirus especially in Lagos and Kano States. The home state of the billionaire businessman, Kano, had been in the news recently as a result of the rate of death in the ancient city. Worried by this, Mr Rabiu, who had earlier donated a huge sum of money to the Nigerian government for COVID-19, said the new donation should be used to equip two existing permanent facilities in Kano and Lagos States. “I view with deep concern,

The Tertiary Education Trust Fund (TETFund) on Monday responded to a National Assembly inquiry over a report of the Auditor General of the Federation which alleged infractions by the Fund in the submission of its 2014- 2016 accounts. Executive Secretary of TETFund, Prof Suleiman Bogoro, said the delay was due to lack of a Board of Trustees over the period which slowed signing and submission of the Fund’s accounts. Mr Bogoro, who spoke during his appearance before the House of Representatives Committee on Public Accounts, however noted that all the accounts were submitted in 2016 and 2018. He said TETFund

By Dipo Olowookere The board of Nigeria Police Force (NPF) Microfinance Bank Plc has secured the approval of shareholders for the sale of additional shares of the company to new investors. This authorisation was obtained at the lender’s Annual General Meeting (AGM) held on Thursday, July 25, 2019 at the Ibom Hotel and Golf Resort, Uyo, Akwa Ibom State. At the gathering, the shareholders approved the creation of fresh 3 billion units of the company’s stocks, which could be sold via rights issue or public offer or both, depending on what the board decides. The board was also told to

By Modupe Gbadeyanka The management team of Appzone Group, a leading fintech in sub-Saharan Africa, has been reorganised to make it a truly Pan-African brand with global appeal. This was done with the introduction of two experts in the industry into the team. They are Efosa Aiyevbomwan and Omonuwa Olulano, who become the Group Chief Marketing Officer and Group Chief Human Resources Officer, respectively. The CEO of the firm, Mr Obi Emetarom, described the development as a step in the right direction because the duo will “bring a wealth of experience” to the company. According to him, “Both appointments are

By Dipo Olowookere A 0.36 per cent growth was recorded by the Nigerian Exchange (NGX) Limited on Tuesday following the buying pressure on financial shares, consumer goods stocks and others. Data from the market showed that the insurance sector appreciated by 3.19 per cent, the banking space rose by 1.10 per cent, the consumer goods index improved by 0.85 per cent, and the industrial goods counter went up by 0.06 per cent, while the energy sector went down by 0.72 per cent. The All-Share Index (ASI) reacted positively to this and closed higher by 188.04 points to 52,419.33 points from