First Bank Holding Plc is planning to seek shareholders’ approval to raise N150 billion additional capital at the group’s Annual General Meeting scheduled for August 15, 2023. In an amended notice of the AGM, the capital raise transaction shall be by way of a Rights Issue, on such terms and conditions and on such dates as may be determined by Read More
The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has listed the importance of Environmental, Social, and Governance (ESG) compliance and the democratisation of data in attracting investments and enhancing stock liquidity in the Nigerian capital market. Chiemeka disclosed this in Lagos on Friday during a panel session titled “ESG and Sustainable Finance; The Future of Investments,” Read More
The National Hajj Commission of Nigeria (NAHCON) observed with dismay how some media outlets, for whatever reasons, have carried on with campaigns of calumny against the commission despite several press briefings and press releases clearly explaining reasons and solutions to hitches encountered in the 2023 Hajj operations. In its bid to carry the press along, who in turn it is Read More
2023: Lagos leads as Nigeria’s foreign capital inflow hits $1.13bn in first quarter Lagos state received the largest share of the $1.13 billion foreign capital inflow into Nigeria in the first quarter of 2023, receiving $704 million, representing 62 per cent of the total investment capital into the country. According to the latest report by the Nigerian Bureau of Statistics, Read More
The recent report released by National Bureau of Statistics witnessed a modest increase in total capital importation during the first quarter of 2023. The statistics from NBS showed that Nigeria attracted a total of $1.13 billion in capital inflows, reflecting a 6.78 per cent growth from the last quarter 2022. This amount represents a significant decline of 28 per cent Read More
Stakeholders in Nigeria’s capital market have emphasized that excessive tax burdens discourage both local and foreign investors from participating in the capital market, calling for harmonization of taxes to create an attractive investment environment. Recall that the President had stated during his inauguration speech that his government would review all the complaints of local and foreign investors about multiple taxations Read More
Nigeria topped South Africa, Kenya and Egypt as the continent attracted $4.9bn billion in investment deals, accounting for the lion share compared to funds received by other countries on the continent. The $4.9 billion was secured in more than 480 deals which was led by Nigeria on the country segment, and Financial Technology (Fintech) on the market category. According to Read More
With recurrent expenditures gulping the larger shares of yearly budgetary allocations, many fear that capital projects execution may for a long while continue to suffer; BENJAMIN UMUTEME takes a look at the development. For several decades, Nigeria has continued to suffer from dearth of infrastructure occasioned partly by falling revenue and majorly from a lack of maintenance culture. And with governments Read More
The Osun state Commissioner of Police, Olawale Olokode, Thursday confirmed that the two girls whose mother dumped inside well water in Osogbo, the state capital, have been evacuated. The girls, Darasimi (8) and Desire (5), were dumped inside the well water by their mother, Omowumi, Monday evening. The CP who spoke through the command’s spokesperson, SP Yemisi Opalola, said the Read More
Delegates from the 34 states in Nigeria have trooped into Abuja, the nation’s capital ahead of much talked about National Youth Conference (NYC) scheduled to begin on Monday November 1, 2021. The conference organised by the Ministry of Youth and Sports Development will take place inside the Moshood Abiola National stadium whose Velodrome is hosting what promises to be an Read More
Nasarawa state House of Assembly Monday, passed N 5.98billion 2021 supplementary budget into law. Speaker of the House Hon. Ibrahim Balarabe Abdullahi, announced the passage of the bill into law after Hon. Tanko Tunga, the majority leader of the house moved a motion to that effect during the house proceedings in Lafia. “The total size of the supplementary budget stand at N5, Read More
Former Senate President and chieftain of the All Progressives Congress (APC) Senator Ken Nnamani, has revealed how he aborted the planned to amend constitution to allow for third term in office during former President Olusegun Obasanjo. Nnamani said his model of legislating was shaped by the debate about whether the legislator is an agent or a trustee. Speaking Thursday in Read More
A pressure group based in the Federal Capital Territory, Coalition for Good Governance and Change Initiative (CGGCI) has staged protest against some persons allegedly trying to blackmail President Muhammad Buhari through his appointees. According to the group, those making the attempts were targeting key appointees of the president using fake news. Staging a protest Wednesday in Abuja, the group urged Read More
The Coalition of United Political Parties (CUPP) has taken a swipe at the 2022 budget presented by President Muhammadu Buhari at the National Assembly on Thursday. The President had on Thursday presented a budget of N16.39 trillion to the National Assembly. The CUPP, in a statement by its spokesman, Ikenga Imo Ugochinyere, said that the budget only highlighted by more Read More
The union of communication, an association based in Zamfara state has decried how the shutdown of telecom sites by the National Communications Commission (NCC), in Zamfara state for the past four weeks crippled their business activities within the period. This was made known by the state vice chairman of the association, Comrade Nura Muhammd Gusau, in an interview with Blueprint Read More
The House of Representatives, has mandated its Committee on the Federal Capital Territory to investigate alleged sharp practices in the operational activities of public health Institutions in the FCT. This was fallout of a motion presented on Thursday, by Hon. Mohammed Jatau, who noted that the health institutions were established to control, manage and remedy healthcarechallenges of Nigerians who have Read More
Worried by the outbreak of cholera in some states of the federation, health officials in Ondo state have embarked on massive operations to sensitise residents on how to prevent cholera and other epidemics in Akure, the Ondo state capital as well as other towns and villages. Director of Environmental Services, Akure South local government area, Sanitarian Ayo Bello, who spoke Read More
Osun state government received N14,725,950,020.87 as Value Added Tax (VAT) from the federal government in the year 2020, it was gathered. The VAT, according to the audited financial accounts of the state for the 2020 fiscal year presented by the state Auditor General, Folorunsho Adesina, Tuesday, was part of N31,298,936,478.49 total amount received as statutory allocation for the year. The statutory allocation Read More
A group, Make Jos Great Again Forum (MJGAF) condemned all acts of violence and appealed for peaceful coexistence in Plateau state. MJGA in a statement by Chairman of the Board, Chief Samu’ila Makama and other members of the board, Tuesday, explained that “as a group of like minds, we members of Make Jos Great Again (MJGA) Forum refer to themselves Read More
Fear has gripped many residents and passersby after tanker filled with fuel exploded in Felele area of lokoja, Kogi state capital on Thursday night. The cause of the fire is yet unknown. As at the time of filling this report, the state fire service were yet to visit the scene. Similar incidence had happened some months ago. Details loading…
Motorists in Osogbo, Osun state, Friday morning, lamented hardship faced following the closure of major road in front of the secretariat of All Progressives Congress (APC), in the state capital. While some vehicles were diverted to one way leading to gridlocks as early as 8am, vehicles were prevented from entering a bank very close to the party secretariat. When our Read More
A commercial motorcyclist, Wednesday, killed himself by jumping into Osun river in Osogbo, Osun state capital. The incident happened around 4:15pm at Gbodofon bridge, old governor’s office, along Ibadan road, Osogbo. It was gathered that the motorcyclist came down on his motorcycle and jumped into the river. Eyewitness account revealed that he was receiving call immediately he parked his motorcycle Read More
Osun State Police Command, Monday, arraigned a 31-year-old woman, Adekunle Adefisayo, before a Magistrate court sitting in Osogbo, the state capital, for allegedly exposing her house help, Olatona Opeyemi, to hatred and damaged her reputation by sending her photograph on social media and declared her wanted. The defendant was said to have committed the purported crime on August 19, 2021 at about Read More
For not showing interest in the development of the herbal medicine sector that has the capacity to create jobs, foreign exchange and generate income for the states, the Director General of the National Institute for Pharmaceutical Research and Development (NIPRD), Dr. Obi Adigwe, has described most state governors in Nigeria as being lazy. He said instead of developing the herbal Read More
Osun state police command, Monday arraigned a caretaker Aecretary of the All Progressives Congress (APC), Hon Rasaq Salinsile, former Chairman of the party, Reverend Adelowo Adebiyi, and five others before a Magistrate court sitting in Osogbo, the state capital, for alleged conspiracy and assault. Others are: former Commissioner for Works and Transports, Engr. Kazeem Salami, former Commissioner for Youth, Sports Read More
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