Buhari handing APC flag to Tinubu Muhammadu Buhari, Nigeria’s president, has congratulated Bola Ahmed Tinubu, the APC Presidential Flagbearer in the 2023 elections on winning the ruling party’s ticket, noting that he has his full support. “Having emerged victorious he has our full and unwavering support,” Buhari said. “Now our …
Read More »Beedel Company boss, Bukola Odeleye arrested over alleged N816m fraud
The Police Special Fraud Unit (PSFU) Ikoyi, Lagos State, has arrested Ibadan-based businessman, Bukola Odeleye for alleged N816 million fraud. The spokesperson, SP Eyitayo Johnson said the suspect is the MD/CEO of BEEDEL Strategic Investment Company. Johnson, in a statement on Tuesday, disclosed that Odeleye was arrested on May 24, …
Read More »Many escape death as 5-storey building collapses in Ebonyi
Umahi A five-storey building has collapsed in Abakaliki, Ebonyi State capital, the state police command confirmed on Wednesday. The building, which was under construction, is located in the Presco area of Abakaliki metropolis. Reports said the construction workers ran out of the building a few minutes before it went down. …
Read More »Access Bank to acquire Kenya’s Sidian Bank in N15bn deal
Access Bank Access Bank Plc, Nigeria’s largest bank by assets base, says it has entered into an agreement to acquire the entire 83.4 percent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15 billion ($37 million). Access which …
Read More »consensus fails, 14 aspirants on ballot for APC presidential ticket
Wife of the President, Hajia Aisha Buhari (right); President Muhammadu Buhari; Vice President Yemi Osinbajo and President of the Senate, Ahmad Lawan during the All Progressives Congress (APC) Special Convention at the Eagle Square, Abuja… yesterday. • Akpabio, Amosun, Fayemi, four others step down for Tinubu • Osinbajo defies …
Read More »Atiku: PDP Will Win More States In 2023
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP says the party will still win in all the state under its control in next year’s election. The PDP controls 13 out of the 36 states in the country, while the APC controls 22 states. The only state not …
Read More »UBEC to spend N2bn on schools’ personnel audit
Hamid Bobboyi Hamid Bobboyi, executive secretary of the Universal basic Education Commission (UBEC), says N2bn has been earmarked for the 2022 National Personnel Audit (NPA). According to him, the audit had commenced in 17 states in the South East and South South; while the northern phase, covering 19 states and …
Read More »Nigeria’s public debt grows by N2.04trn to N41.6trn in Q1 2022 – DMO
DMO Nigeria’s total debt stock rose to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December 2021, according to figures from the Debt Management Office (DMO). This covers the total domestic and external debt of the federal and state governments, and the Federal Capital Territory. …
Read More »Resolving manufacturers, distributors’ challenges through technology
The scope of business in Nigeria is being redefined by business to business (B2B) e-commerce platforms as the popularity of digital technology is largely driving the adoption of e-commerce in Nigeria. It is recorded that between January 2020 and January 2021, 50 percent of Nigeria’s population that is 104.4 million …
Read More »Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June
Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund …
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