Adebanjo to Tinubu: Explain source of your wealth
Chief Ayo Adebanjo, the Leader of pan-Yoruba socio-cultural group, Afenifere, has challenged former Governor of Lagos State, Asiwaju Bola Tinubu, to explain the source of wealth which he used to acquire several assets in Lagos. “Asiwaju Bola Tinubu, the great philanthropist should also disclose the source of his wealth with which he bankrolled the elections of APC in the South-West...
Otedola spends N2.3bn to acquire First Bank shares in 3 days
Billionaire businessman, Femi Otedola, has continued to aggressively purchase the shares of First Bank of Nigeria (FBN) in his bid to consolidate his shareholding status in the bank. The Star reports that just in three days last week, Otedola spent N2.304 billion to purchase 200 million Ordinary Shares of FBN Holdings Plc, the parent company of First Bank. In a Notification...
DMO offers N250bn Sukuk for subscription
The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. The instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the Federal Government. The offer is N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter. “It qualifies as securities in which trustees can invest...
Nigeria records 1,424 fresh COVID-19 cases in 14 states, FCT
Nigeria on Wednesday recorded 1,424 new COVID-19 infections in 14 states of the Federal Capital Territory (FCT). The Nigeria Centre for Disease Control (NCDC) made this known on its Website on Thursday morning. The NCDC said with the 1,424 new infections, Nigeria now has 220,000 COVID-19 cases. It said that Lagos State topped the chart with 796, followed by Delta with 152 and the FCT with 130. The...
FEC okays $1.9bn to increase power supply from 5,000 to 7,000 megawatts
The Federal Executive Council (FEC) has approved $1.9 billion for the procurement of equipment for the nation’s power sector to boost power supply across the country, through the Presidential Power Initiative. Minister of Finance, Budget and National Planning, Zainab Ahmed made the disclosure on Wednesday, when she briefed State House correspondents on the outcome of the Council meeting, presided over by...
Omicron variant spreading faster, now in 77 countries – WHO
World Health Organisation (WHO) has warned that Omicron variant is spreading faster than other variants as it is now present in 77 countries. WHO Director-General, Tedros Adhanom Ghebreyesus, said at a news briefing at WHO headquarters in Geneva that it would be a mistake to dismiss the COVID-19 strain as mild. “Omicron is spreading at a rate we have not seen...
Eight British lawmakers test positive for COVID-19
The British Parliament will become a “hotbed of infection” unless significant steps are taken to stop the spread of coronavirus, a union has warned. Eight lawmakers have tested positive for Coronavirus in the last 24 hours. Garry Graham, Deputy General Secretary of the Prospect Union, called on Leader of the House Jacob Rees-Mogg to take steps to make the body more...
A’Court sanctions final forfeiture of Zamfara’s $500,000, N500m to FG
The Court of Appeal, Abuja Division has okayed the final forfeiture of the sums of $500,000 and N500 million allegedly looted from the Zamfara State’s share of the Paris Club refunds made by the Federal Government to the 36 states. Justice Nnamdi Dimgba of the Federal High Court Abuja had refused the final forfeiture application of the Economic and Financial...
Bankers c’ttee resolves to support FG’s N15trn infrastructure plan
The bankers committee will, in 2022, be focusing on supporting the Central Bank and the government in developing the infrastructure of the country, according to the Governor of the apex bank, Mr. Godwin Emefiele. Emefiele told journalists at the end of the two-day annual bankers’ committee retreat on Wednesday in Lagos. President Muhammadu Buhari had earlier in the year, given approval for the...
OAPs: 1,000 victims of drug abuse in Edo psychiatric centres
Over 1,000 victims of hard drugs are currently in psychiatric centres in Benin City, Edo State. There are over 300 patients at Uselu Psychiatric Hospital and another 700 at Urora. Group Leader of On Air Presenters (OAPs), Mr. Abraham Ogiemwanye, made the disclosure in Benin on Wednesday. The group, comprising radio station presenters in collaboration with National Drug Law Enforcement Agency (NDLEA) and...
