Month: July 2023

Nigerian Students Face Tough Times In UK, Tuition Soars By 60%

ADEOLA YUSUF

Many Nigerian students are facing tough times in the United Kingdom after the naira equivalent of their tuition fees increased by over 60 per cent following the recent move by the Central Bank of Nigeria to unify the nation’s foreign exchange rates. About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the apex bank decided to float the naira at the Investors and Exporters’ Window of the foreign exchange market. Since then, the naira has fallen from N471/dollar to N750/dollar and N589.4/pound to N957.2/pound.…

Read More

I’d Have Committed Suicide – Femi Otedola

ADEOLA YUSUF

WORD-FOR-WORD: Why I once thought of ending it all, Nigerian Billionaire opens up     Nigerian billionaire, Femi Otedola, has revealed that he almost committed suicide after losing $480 million in the diesel market in 2008. He spoke about his depressive episode during his business partner Akin Akinfemiwa’s 50th birthday celebration in London. “In 2005, I had a friend that worked in Oando, and she did mention to me that she had a colleague. READ ALSO: Nollywood Mourns Again As Actress, Cynthia Okereke, Dies First Bank: SEC Investigates Otudeko’s FBN…

Read More

Nollywood Mourns Again As Actress, Cynthia Okereke, Dies

ADEOLA YUSUF

Veteran Nollywood actress, Cynthia Okereke has died. Her death was announced by her colleague, Joseph Okechukwu, in a post on his verified Twitter handle on Wednesday. Okechukwu wrote, “REST IN PEACE, Nwanyi oma. I’m shattered beyond words. The fact that I was about to pay for your flight ticket to come to finish what we started only to hear you went to be with Lord just last night is one of the toughest things I’ve ever had to deal with in recent times. “I pray I’m able to recover from…

Read More

Six Students Score 01 As NECO Releases Common Entrance Results

ADEOLA YUSUF

The National Examinations Council (NECO) has announced the release of the results of the 2023 National Common Entrance Examination (NCEE) into unity colleges. Permanent Secretary, Federal Ministry of Education, David Adejo, while briefing newsmen after receiving the results from the Registrar of the National Examinations Council, Prof. Ibrahim Wushishi, said a total of 72,865 pupils registered for the exams. The News Agency of Nigeria (NAN) reports that  NCEE is for admission into Junior Secondary School (JSS 1) of Federal Unity Colleges and this year’s edition was written on June 3,…

Read More

First Bank: SEC Investigates Otudeko’s FBN Share Acquisition

ADEOLA YUSUF

The Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko, The PUNCH has confirmed. A source within the commission, who pleaded anonymity, confirmed to our correspondent that a probe of the contentious deal that which was published on the website of the Nigerian Exchange Limited of Friday, July 7 was currently being probed. The source said, “I am aware the Commission is looking into the transaction. A report has been made already and forwarded…

Read More

Why Tinubu Should Reconsider 7.5% VAT on Diesel – MOMAN

ADEOLA YUSUF

Oil marketers confirm ability to import petrol into Nigeria   The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has applauded the inauguration of a committee on fiscal policy and tax reforms ny President Bola Tinubu, appealing to th the government to reconsider the 7.5% VAT on diesel. Saying that the VAT would further burden Nigerians, Adeosun suggested its suspension on diesel until the impact of the petrol price increase is ochallenges. READ ALSO: Aboru Aboye Purely Yoruba Language, Not For Ifa Priests – Tope…

Read More

Aboru Aboye Purely Yoruba Language, Not For Ifa Priests – Tope Alabi

ADEOLA YUSUF

Popular Nigerian gospel singer, Tope Alabi, has reacted to the controversy trailing her viral video where she was heard singing in Yoruba language using the word ‘Aboru Aboye’, a form of greeting among Ifa initiates. In the viral video, Alabi referred to herself as ‘ebo’ literally meaning sacrifice, while also singing the words, “Abiye ni mi, Oruko mi ni yen. Mo de bo, mo ru, mo ye,” (I am a sacrifice, that’s my name. I am a sacrifice accepted by God, that’s my name). The lyrics had since triggered a…

Read More

Catholic Priest Dies Hours After Checking Into A Hotel With Lover

ADEOLA YUSUF

A 43-year-old Catholic priest was pronounced dead a few hours after he and his lover checked into a hotel. A local media outlet, on Sunday, disclosed that the deceased, identified as Joseph Kariuki Wanjiku, from St. Peters Ruai, checked into the Monalisa Hotel Delview in Gatanga with his lover, a 32-year-old woman identified as, Ruth Nduhi on Saturday evening. According to a police report, the lady informed the hotel management on Sunday morning that the clergy was experiencing dizziness and losing consciousness. READ ALSO: Reject Otudeko’s Share Acquisition, Ecobank Tells…

Read More

Reject Otudeko’s Share Acquisition, Ecobank Tells First Bank

ADEOLA YUSUF

Ecobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko. The bank raised the alarm in a letter written by its Legal Counsel, Kunle Ogunba & Associates, in which it stated that the business magnate, through his affiliated entities, owed the bank N13.5bn. The letter, dated July 7 and signed by the Principal Partner of the law firm, Oludare Amusan, said the bank had instituted several lawsuits against Honey Group Limited, Siloam Global Services Limited, Anchorage…

Read More

Subsidy Removal Failed To End Petrol Smuggling In Borders – Customs Boss

ADEOLA YUSUF

Customs CG rejigs border patrol, orders crackdown on fuel smuggling cartels •NNPCL intercepts Cameroon-bound vessel laden with 800,000 litres stolen crude oil The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday, vowed a heavy clampdown on oil thieves, insisting that the nation cannot “afford to let saboteurs take over our economy.” Adeniyi, who said there were still cases of smuggling of Premium Motor Spirit, popularly called petrol, at Nigeria’s border stations despite the removal of subsidy on the commodity, said the agency had adopted new border patrol…

Read More