NCC parleys stakeholders on 5G Spectrum auction
As part of activities lined up for the implementation of the Fifth Generation (5G) Technology Deployment Plan in the country, the Nigerian Communications Commission (NCC) will on Thursday in Lagos host a stakeholders’ engagement forum. The forum will afford industry stakeholders the opportunity to discuss the draft Information Memorandum (IM) for the upcoming auction of the 3.5 gigahertz (GHz) spectrum...
Court orders FG to pay Delta $1.638bn derivative arrears
A Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.638 billion to Delta Government being 13 per cent derivative sum due as arrears of revenue payable to the oil-rich state. Justice Donatus Okorowo, while delivering the judgement, held that being a suit instituted to recover revenue accruing to the state government, it qualified for the undefended...
Defamation: Court orders newspaper to apologise, pay damages to El-Rufai
A High Court in Kaduna has ordered Today Publishing Company, publishers of The Union newspaper, to tender an apology and pay N10 million for defaming Governor Nasir El-Rufai of Kaduna. El-Rufai had approached the court in 2015 after The Union published false claims about his assets declaration, in suit number KAD/KDH/285/15, which had Today's Publishing Company Ltd. as defendant. Justice M.L. Muhammed of...
Kwara sanctions eight principals for collecting illegal charges
For collecting exorbitant and unapproved charges and items from students in the state schools system, the Kwara State Government has sanctioned eight school principals. The affected Principals have been queried. The schools affected are UBE Ita Ayisa, UBE Olunlade, UBE Ganmo, Senior Secondary School Ganmo, Senior Secondary School, Amoyo. Also affected are United Secondary School, Taiwo Isale; United UBE, Taiwo Isale; and...
Gunmen raid UNIABUJA staff quarters, abduct professors, others
Armed men on Tuesday morning invaded the Senior Staff Quarters of the University of Abuja. At the university located at the Gwagwalada Area Council of the Federal Capital Territory, Abuja, six people were reportedly abducted at about 1a.m. Those abducted are Prof. Obanza Malam, Prof. Bassey Ubom with his son and daughter, Sambo Mohammed and Dr. Tobit. Spokesman for the University, Habib Yakoob,...
EFCC quizzes Obi Cubana
The Economic and Financial Crimes Commission (EFCC) has quizzed popular socialite, Obinna Iyiegbu, known as Obi Cubana. The Star learnt from sources that Obi Cubana was quizzed at the EFCC headquarters at Jabi, Abuja on Monday. Operatives of the anti-graft agency reportedly questioned the businessman on allegations of tax fraud and money laundering. It is not clear if the businessman was detained, but as...
Collapsed building: We approved 15 floors, but owner built 21 floors – Agency
The General Manager, Lagos State Building Control Agency (LASBCA), Mr. Gbolahan Oki, has disclosed that the owner of the collapsed 21-storey building, under construction in Ikoyi, was given approval to construct only 15 floors. Oki told the News Agency of Nigeria (NAN) on telephone that the owner of the property has been arrested and would face the law because people...
NGX opens November bearish, down by N32bn
Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or 0.15 per cent to close...
Nigerian Breweries records N309.22bn revenue in 9 months
Nigerian Breweries Plc has posted N309.22 billion in revenue for the nine months ended September 30. The Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, said this in a statement on Monday. The revenue represents an increase of 32.13 per cent compared to N234.02 billion recorded in the corresponding period in 2020. A breakdown of the audited result showed that profit for...
Great Green Wall: Restoring 100m degraded hectares in Africa achievable – Buhari
Africa’s ambition of restoring over 100 million hectares of degraded landscape for productive agriculture is achievable, President Muhammadu Buhari said on Monday in Glasgow, Scotland. The President expressed the optimism at the Climate Change Summit, COP 26, side event on the Great Green Wall (GGW), co-hosted by French President Emmanuel Macron, the Prince of Wales, and the Mauritanian President Mohamed...
