Month: August 2022

Why Lasaco Assurance Didn’t Pay Dividends In 2021 – MD

ADEOLA YUSUF

“We’re Committed to Your Needs,” Insurance giant tells stakeholders The management of Lasaco Assurance says the firm is committed to responding to the needs of its shareholders and clients. Platforms Africa reports that the company’s managing director and chief executive officer, Razzaq Abiodun, while speaking at the unveiling of the 2021 annual reports and financial statements, revealed the reason dividends weren’t paid to shareholders in the 2021 business year. READ ALSO: U-TURN: Buhari Awards Tompolo Multi-Billion Pipeline Protection Contracts Lasaco Recorded N10.94bn GPW In 2020, Says Chairman, Philips, at 41st…

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Nigeria Energy Returns To Lead Dialogue On West Africa’s Evolving Sector

ADEOLA YUSUF

Held under the patronage of Nigerian Federal Ministry of Power, Nigeria Energy Exhibition and Conference, the region’s gathering of energy professionals, featuring world-renowned, innovative power companies, will be making a long-awaited in-person return to Landmark Center in Lagos, Nigeria. Visitors will, according to organisers, be able to discover the full range of energy products, from conventional power generation through to transmission and distribution (T&D), renewable energy and energy consumption and management in West Africa. READ ALSO U-TURN: Buhari Awards Tompolo Multi-Billion Pipeline Protection Contracts Oil Theft: Fact And Figures Of…

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Obasanjo Speaks As Owu Gets 300-Man Committee For Matemilola’s Coronation

ADEOLA YUSUF

Why the ex-Military governor of Ondo State, Major General Ekundayo Opaleye-led Committee may hold installation ceremony of the new monarch and the year 2022 Odun Omo Olowu celebration at the same period   Against the background of the current economic situations in the country, former President, Chief Obasanjo on Thursday, tasked members of the planning committee for the installation ceremony of the new traditional ruler of Owu land, Abeokuta, Oba Engr.. Saka Matemilola to be frugal in their sendings. Obasanjo made this disclosure at the formal inauguration of the about…

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U-TURN: Buhari Awards Tompolo Multi-Billion Pipeline Protection Contracts

ADEOLA YUSUF

Buhari who stopped a similar contract initiated by his predecessor, Goodluck Jonathan, reverses self as Nigeria’s loss to crude theft surpasses $40 million every 24 hours   Nigeria’s President Muhammadu Buhari has awarded the former militant leader and Commander of the defunct Movement for Emancipation of Niger Delta (MEND), Government Ekpemupolo, better known as Tompolo, a pipeline surveillance contract. Platforms Africa reports that this came as the Nigeria’s losses to oil theft surpasses $40 milliin every 24 hours. Buhari who stopped a similar contract initiated by his predecessor, Goodluck Jonathan,…

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Adam Al-Ilory: Man of Markaz And His Memorabilia Among Muslims

ADEOLA YUSUF

“I have always bellyached to no end over the poor visibility and recognition the late Sheikh (and his peers) enjoys in mainstream Nigerian media,” African journalist, Oladehinde Olawoyin, documents one of the best memorabilia for the Man of Markaz   From Babatunde Jose, described as ‘the legendary doyen’ of Nigerian journalism by the Guardian and for me the most consequential figure in Nigerian media history, through to Prof. Ishaq Oloyede, the JAMB helmsman, and everyone in-between, Markaz must have produced the highest number of (Yoruba) Muslim professionals across disciplines in…

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Why Nigeria Returned Interest Rate On Intervention Loans To 9% – CBN

ADEOLA YUSUF

The apex bank, had in March 2020, following the outbreak of COVID-19, announced measures to reduce the negative impact of the pandemic on businesses and households, including the reduction of interest rates on the bank’s intervention facilities from nine percent to five percent per annum for one year   The (CBN) has reversed the five per cent interest rate on all its intervention facilities to nine per cent per annum, effective September 1, 2022. Platforms Africa reports that this was contained in a circular signed by the Director of Financial…

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Come To Rivers To Meet Me Or Lose, Wike Sounds Latest Warning To Atiku

ADEOLA YUSUF

“The days of playing Father Christmas with the votes of Rivers State are over,” the governor who appears ready to play a “spoiler” declares   Governor of oil-rich Rivers state, Nyesom Wike, has given latest warning to presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, to come over to meet him or suffer defeat in the 2023 election. Platforms Africa reports that Wike who spoke for the umpteenth time on the riveting crisis within the party, since he lost the bid for the ticket to represent the party at…

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Pay Salary Backlog Or Forget Unfinished Academic Sessions, ASUU To Buhari

ADEOLA YUSUF

The Academic Staff Union of Universities (ASUU) has insisted on the payment of the salary backlog to lecturers, maintaining that without the move, unfinished academic sessions should be forgotten. President of the union Professor Emmanuel Osodeke made the remark on Friday, explaining that though public varsities have been shut since February, the lecturers should be paid since they have to teach to make up for time lost during the closure. READ ALSO: ASUU Replies Adamu On Students’ Compensation Comment ASUU Must Compensate Students For Wasted Time – Minister Of Education…

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Ogun Confirms Four New Cases Of Monkeypox

ADEOLA YUSUF

The Ogun State Government has confirmed four new cases of Monkey Pox, bringing the total of cases recorded in the state to seven. This was disclosed in a press statement by the Commissioner for Health, Dr. Tomi Coker, in Abeokuta. According to the release, two cases were discovered in Ota, within Ado-Odo/Ota Local Government Area while Abeokuta North and Abeokuta South had one case each. READ ALSO: Nigeria Confirms 157 Cases Of Monkeypox BREAKING: Nigeria Revokes Licenses, Shuts AIT, SilverBird TV, Others WHO Declares Monkeypox Outbreak ‘Global Health Emergency ’…

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BREAKING: Nigeria Revokes Licenses, Shuts AIT, SilverBird TV, Others

ADEOLA YUSUF

Why we did it – NBC The National Broadcasting Commission (NBC) has revoked the broadcast licences of Silverbird TV, AIT, Raypower FM, and Rhythm FM amongst others over failure to renew their broadcast licences. Director General of the NBC Mallam Balarabe Shehu Ilelah also directed its state offices to liaise with security agencies to ensure the shut down of the operation of these stations within the next 24 hours. He, thereafter, directed NBC’s state offices to liaise with security agencies to ensure the shut down of the operation of these…

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