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FBN Holdings seeks approval to raise N150bn additional capital

August 9, 2023 Segun Odunewu 0

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

ESG compliance critical to attracting investments in Capital Market – Chiemeka

July 28, 2023 Amaka Ifeakandu 0

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

Attention: Hajj not a capital flight

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

July 11, 2023 Segun Odunewu 0

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

2023: Nigeria capital importation drops by 6.8% in first quarter

July 11, 2023 Amaka Ifeakandu 0

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

Capital market operators highlight importance of harmonising multiple taxations

June 12, 2023 Segun Odunewu 0

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 leads as Africa attracts $4.9bn investment deals in 2021

January 5, 2022 Segun Odunewu 0

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

How capital projects suffer from over-bloated civil service

December 31, 2021 Admin III 0

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

Police evacuate girls dumped inside well in Osun

November 4, 2021 Lateef Ibrahim 0

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

Pictures: Excitement as delegates from 34 states storm Abuja ahead National Youth Conference

October 31, 2021 Editor 0

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 Assembly passes N5.98bn 2021 supplementary budget into law

October 25, 2021 Mohammed Yangida 0

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

How I stood strong, killed Obasanjo’s third term agenda – Ken Nnamani

October 21, 2021 Bode Olagoke 0

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

Group protests ‘blackmail’ of Buhari’s appointees, demand arrest

October 20, 2021 Bode Olagoke 0

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

2022: Budget of high sounding figures, CUPP reacts

October 7, 2021 Lekan Shehinde 0

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

We recorded huge loss to Zamfara telecom network shutdown – Unions

October 5, 2021 Sanusi Muhammad 0

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

Reps probe sharp practices in FCT public health institutions

September 30, 2021 Joshua Egbodo 0

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

Ondo begins war against cholera, seals off 18 buildings

September 22, 2021 Barnabas Olabisi 0

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

VAT: Osun gets 14.7b in 2020

September 21, 2021 Lateef Ibrahim 0

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

Plateau: Group condemns violence, appeals for co-existence

September 16, 2021 Abdulrahman Zakariyau 0

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

Heavy security at Osun APC secretariat causes panic, commotion

September 3, 2021 Lateef Ibrahim, 0

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

Commercial motorcyclist commit suicide in Osun, jumps into river

September 2, 2021 Lateef Ibrahim 0

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 police arraigns woman for declaring her house help wanted on social media

August 30, 2021 Lateef Ibrahim 0

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

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Herbal medicine: Most states govs are lazy- NIPRD DG

August 29, 2021 Helen Oji 0

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 APC crisis: Police arraign Aregbesola’s loyalists for assault

August 23, 2021 Lateef Ibrahim 0

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