Category: Business

Nigeria’s Bank Of Agric In N3.2b Loan Racket

ADEOLA YUSUF

. Parliament Fumes As Bank Purchases Tractors For 10 Unnamed Vendors       The Senate has indicted the Bank of Agriculture in Kaduna over N3.2 billion loan disbursed to ten vendors to purchase tractors and other equipment for allocation to end users. The indictment was sequel to the 2016 report of the Auditor General of the Federation considered by Senate Public Accounts Committee chaired by Senator Mathew Uhroghide. READ ALSO: Sudan Crisis: Egypt Refuses To Open Border, Nigerians Heading To Port Sudan Real Estate Stakeholders To Brainstorm At Metro…

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Real Estate Stakeholders To Brainstorm At Metro & Castle ‘Realtors Hangout’

ADEOLA YUSUF

It is going to be a cool atmosphere for entrepreneurs, businessmen and women, intellectuals and customers alike at yet another opportunity to brainstorm about issues affecting the housing industry in a convivial environment, come May 6th 2023, as ‘Realtors Hangout 2.0’ holds in Lagos State. The big idea is being championed by one of the real estate giants in Nigeria, Metro & Castle Ltd, under the leadership of Adekunle Abdul. Poised to attract high flyers in the industry, the event billed to hold at Metro Homes, Atlantic Layout, Lekki Gardens.…

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Cancer-Causing Substance Allegedly Discovered In Indomie Noodles

ADEOLA YUSUF

Taiwan, Malaysia recall product, Nigeria begins probe as news spark global apprehension about safety + What to know about ethylene oxide allegedly inside Indomie special chicken” flavour.   The decision by Malaysia and Taiwan to recall Indomie’s “special chicken” flavour noodles has raised some concerns about the safety of the food globally, including in Nigeria. The development followed the detection of ethylene oxide, a substance known to cause cancer, in the product by the health institutions in the two countries. Nigeria has also reacted to the development as the agency…

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Otedola Surrenders Transcorp’s Top Ownership Tussle To Elumelu

ADEOLA YUSUF

Shares of Transcorp, owner of three power plants with 2,000 megawatts or more than 40 per cent of Nigeria’s total power-generating capacity, slumped 9.9 per cent on the Nigerian Exchange (NGX) in Lagos   Nigerian businessman Femi Otedola has sold his substantial shareholding of 6.3 per cent, a haul of 2.6 billion shares bought in separate transactions in Transcorp, to Mr Tony Elumelu. Earlier, within days of his acquisition of a substantial shareholding, Mr Elumelu had racked up his interest from 2.07 to 25.9 per cent. This is perceived by…

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Fidelity Bank Records 34.4% growth in Gross Earnings YoY to N337.1bn

ADEOLA YUSUF

▪️ Stellar Performance in FY 2022 is driven by 45.2% growth in interest and similar income to N295.6bn           Fidelity Bank Plc, a leading financial institution, has released its 2022 Audited Financial Statements on the Nigerian bourse. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. READ ALSO: IGP Hails Woman Police fighter Ukah For Emerging African MMA Champion Kogi APC Gov’ship Candidate Gets Buhari’s Blessings, Confident of Victory JAMB: 88 Blind…

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JUST IN: Nigerian Government Suspends Fuel Subsidy Removal

ADEOLA YUSUF

The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the Presidential Villa, Abuja. Ahmed said the Council agreed on the need for continued discussions on the issue adding that the FG, together with states and representatives of the incoming…

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Transparency, New Master Plan Vital For Niger Delta Development – Wabote

ADEOLA YUSUF

The enthronement of transparency, prudent management of financial resources, and deployment of a new master plan are some of the strategies that would attract the private sector to support the Niger Delta Development Commission (NDDC) and return the agency to the path of sustainable development of the Niger Delta region, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has canvassed. He made the submission in the keynote address he delivered at the NDDC Public-Private Partnership Summit 2023 held in Lagos on Tuesday,…

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143 Entries In Race For $100,000 Nigeria Prize for Literature

ADEOLA YUSUF

NLNG Sponsored Prize Records 61% Increase in Drama Cycle Entries     The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited (NLNG), has recorded a remarkable 61% increase in entries for Drama cycle, with 143 entries received for the 2023 edition against 89 entries in the last Drama cycle in 2018. The entrants will compete for a top prize of $100,000. This was revealed today at a ceremony in Lagos to hand over the entries to judges for the commencement of the adjudication process. NLNG, represented by its General…

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Former Twitter CEO, Jack Dorsey Launches Alternative App On Android

ADEOLA YUSUF

The alternative platform, Bluesky, promises to be a future-thinking “social internet” that allows users more choices and frees people from platforms. Jack Dorsey, the co-founder and ex-CEO of Twitter, has launched an alternative micro-blogging site available only on Android devices for now. The alternative platform, Bluesky, promises to be a future-thinking “social internet” that allows users more choices and frees people from platforms. READ ALSO: Ex-Manchester United Star Wes Brown Declared Bankrupt Elected Feb 25, Died April 22, Nigerian Incoming MP’s Hope Shattered How Female Lawyer Accused of Killing her…

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