Fayemi presents N100.7bn 2022 budget to Ekiti Assembly
Ekiti State Governor, Dr. Kayode Fayemi, on Thursday, presented the 2022 budget estimate of N100,753,993,241.60 christened "Budget of Legacy and Consolidation” to the State House of Assembly. The budget which, according to the governor, was a product of wider consultation is made up of N60.686,914,229.22 recurrent expenditure and N40.067,079,021.38 capital expenditure making a ratio reflection of 60:40 of recurrent to...
Afreximbank launches $6.5bn equity capital increase
African Export-Import Bank (Afreximbank) has embarked on a $6.5 billion General Capital Increase (GCI) to expand its capacity to deliver on its core mandate and diversify its range of services. According to a statement from the bank on Thursday, the GCI will enhance the bank’s capacity to support the procurement of COVID-19 vaccines for the continent. It would also bolster post-pandemic...
Embattled Plateau Speaker holds plenary, suspends six members
Embattled Speaker of the Plateau State House of Assembly, Abok Ayuba, on Thursday presided over a sitting of the Legislature held outside the assembly’s complex, with the Mace in place. Eight members of the 24-member legislature had claimed to have impeached Ayuba at 6a.m. on Thursday and replaced him with Yakubu Sanda (APC, Pengana Constituency). Mr. Philip Dasun, Deputy Majority (APC, Pankshin...
Ganduje presents N196.3bn 2022 budget as Education tops with N51.6bn
Governor Abdullahi Ganduje of Kano State has presented a budget of N196.3 billion for 2022 to the State House of Assembly for approval. Presenting the budget on Thursday in Kano, Ganduje said that it was tagged budget of consolidation and prosperity, aimed at making the state great. He said that the budget was made up of N107.8 billion capital expenditure, representing...
Airtel Africa posts $2.2bn revenue, $335m profit half-year
Telecommunications group, Airtel Africa, has posted $2.272 billion revenue for the half-year ended September 30, 2021. This represents 25.2 per cent growth compared with $1.8 billion recorded in the same period last year, according to the financial results released on Thursday. The operating profit increased by 55.1% to $732 million while profit after tax was $335 million, an increase of 131.6%...
DHQ: 1,199 terrorists surrender as troops eliminate 38 in 2 weeks
No fewer than 38 Boko Haram/Islamic States West Africa Province (ISWAP) terrorists including ISWAP leader, Bako, have been eliminated by the troops of Operation Hadin Kai in the last two weeks. Defence Headquarters also said a total of 1,199 terrorists and their families, comprising 114 adult males, 312 adult females and 773 children, surrendered to troops at different locations in...
Okonjo-Iweala’s son, Uchechi, breaks U.S. medical record as surgeon
Dr. Uchechi Iweala, son of the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonji-Iweala, has broken a medical record in Maryland, United States. Taking to her verified Twitter account on Thursday, the WTO boss announced that her son was one of the first spinal surgeons in Maryland to perform a successful navigated lumbar spinal fusion using a robot. Sharing...
FBNHoldings appoints Nnamdi Okonkwo as GMD, renews Adeduntan’s apppointment
The Board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr. Nnamdi Okonkwo as its Group Managing Director. Okonkwo’s appointment takes effect from January 1, 2022. His appointment followed the retirement of Mr. U.K. Eke, who has completed his two-term tenure. Uke, according to the board, tendered his Notice of Retirement on August 10,...
Deceased man’s family shot by LA police gets $17m
A federal jury awarded $17 million for damages on Wednesday to the family of a mentally disabled man who was fatally shot by an off-duty Los Angeles police officer inside a Costco in Corona. The jury’s verdict came a day after U.S. District Judge Jesus G. Bernal found that Officer Salvador Sanchez used excessive and unreasonable force in June 2019...
COVID-19: Lagosian to pay N6,000 for vaccine at private facilities
Governor Babajide Sanwo-Olu has stated that any individual in Lagos who wish to get COVID-19 vaccines at approved private facilities would pay N6,000 as administrative charge. The governor spoke on Wednesday at the mass vaccination campaign launched by the state government. Sanwo-Olu re-emphasised that the vaccines being administered are safe and remain free of charge in public health facilities. He said: “We...
