Thursday, May 2

NGX Group to Launch Digital Platform for Public Offers
2May By Mariam AbdullahiNo Comments
Headlines

NGX Group to Launch Digital Platform for Public Offers

Plans are underway at the Nigerian Exchange Group to introduce an online platform for public offers and to expand its reach across the African continent. This initiative was announced at the 63rd Annual General Meeting held recently in Lagos, where the group also revealed its acquisition of stakes in Ethiopia’s inaugural securities exchange back in early April. This strategic move into East Africa exemplifies the NGX Group's dedication to fostering growth and innovation in the African capital markets, as well as positioning itself as a major foreign institutional investor in the ESX. During the AGM discussions, it was unveiled that the group's digital transformation journey will involve launching an online platform for public offers and making substantial investm...
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2May By Isaac EghosaNo Comments
Entertainment

Peruzzi used to receive Davido’s pre-owned attire in exchange for writing his songs

Peruzzi, the singer and songwriter also known as Tobechukwu Victor Okoh, recently shared that he used to accept his record label boss Davido's hand-me-down clothes as compensation for composing songs for him. During an episode of content creator Bae U Barbie's show, Curiosity Made Me Ask, Peruzzi made this revelation. When asked by the host if it was true that Davido compensated him with his used clothing for writing songs, Peruzzi responded frankly, "I have to be sincere, I did indeed receive Davido's second-hand clothes as payment for writing songs for him." He added, "However, on one occasion, I wrote a song, and he compensated me with money instead, so I stopped accepting clothes as payment." Peruzzi also mentioned that this was something he used to do in th...
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Debating EFCC’s Authority in Prosecuting Individuals for Naira Abuse
2May By Mariam AbdullahiNo Comments
Headlines

Debating EFCC’s Authority in Prosecuting Individuals for Naira Abuse

A recent surge in the arraignment of individuals for naira abuse by the Economic and Financial Crimes Commission has triggered discussions within the legal community on whether currency misuse qualifies as an economic and financial offense, ONOZURE DANIA reports The Economic and Financial Crimes Commission presented Idris Olanrewaju, popularly known as Bobrisky, for naira abuse on April 5, 2024. Bobrisky pleaded guilty and was subsequently sentenced to six months imprisonment without the option of a fine by Justice Abimbola Awogboro of the Federal High Court in Lagos. Following Bobrisky's case, businessman Pascal Okechukwu, also known as Cubana Chief Priest, faced similar charges on April 17, 2024. He pleaded not guilty and was granted bail amounting to N10m. In a separ...
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The collaboration between NDPC, Gates Foundation, and KPMG for open banking
2May By Mariam AbdullahiNo Comments
Headlines

The collaboration between NDPC, Gates Foundation, and KPMG for open banking

The development of open banking frameworks by the Nigeria Data Protection Commission (NDPC), in partnership with the Bill and Melinda Gates Foundation and KPMG, aims to enhance financial inclusion in the country. During a meeting in Abuja, Vincent Olatunji, the CEO of NDPC, met with Anna Wallace from the Gates Foundation and John Anyanwu from KPMG to discuss the project. The focus of the collaboration is on creating open banking frameworks that involve granting third-party financial service providers access to bank account information through APIs. NDPC highlighted the importance of digital identity in the financial sector and open banking, underscoring the need to protect digital identities to build trust and confidence. Addressing challenges posed by digital lending firms, Olatunji me...
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Statement from Pakistan on the Recent Terror Attack at a Mosque in West Afghanistan
2May By Mariam AbdullahiNo Comments
News

Statement from Pakistan on the Recent Terror Attack at a Mosque in West Afghanistan

Expressing strong condemnation, the Pakistani Foreign Ministry has denounced the recent terrorist attack carried out by gunmen at a Mosque in the west Afghanistan's Herat province, which resulted in tragic loss of lives and injuries. In a released statement, the ministry conveyed its deepest sympathies towards the victims and their families affected by this horrific incident. During this time of sorrow, the ministry stated, “Our thoughts and prayers are with those affected by this tragedy. Pakistan's people and government stand in solidarity with the people of Afghanistan, offering heartfelt condolences.” Emphasizing on its stance against terrorism, the ministry affirmed that Pakistan stands united against all forms of terrorism and condemns heinous attacks, especially those targeting ...
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The indefinite strike by ASUU UniAbuja
2May By Mariam AbdullahiNo Comments
Headlines

The indefinite strike by ASUU UniAbuja

Commencing an indefinite strike, the University of Abuja branch of the Academic Staff Union of Universities aims to bring attention to issues concerning the union. At the conclusion of its congress, held at the institution's Permanent Site, the union announced its decision to go on strike. UniAbuja ASUU members have been in conflict with the outgoing Vice-Chancellor, Prof. Abdulrasheed Na’allah, and the Minister of Education, Prof. Tahir Mamman regarding the procedures for selecting a new VC. An advertisement appearing in a national daily on March 15, 2024, solicited applications for Na’Allah's replacement. However, ASUU members, during a conference, rejected the advertisement, deeming it “illegal” and clarifying that it did not originate from the governing council. The Chairm...
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Police parades four ex-convicts over conspiracy, armed robbery in Niger
2May By Mariam AbdullahiNo Comments
News

Police parades four ex-convicts over conspiracy, armed robbery in Niger

Four Ex-Convicts Paraded by Police for Alleged Conspiracy and Armed Robbery in Niger Following alleged involvement in a conspiracy and armed robbery incident in Minna, the capital of Niger State, the Police have paraded four ex-convicts. Reportedly, the suspects forcefully entered a residence in the Brighter area of Minna, where they robbed the occupant of a Honda Odyssey vehicle and various other valuable items. SP Wasiu Abiodun, the Police Public Relations Officer, revealed that the apprehension of these suspects was carried out on 15 April 2024, following a direct complaint from the Brighter area in Minna. The complaint stated that suspected armed individuals had raided a residence in the area, robbing the victim of a Honda Odyssey vehicle and other possessions. Acting on the comp...
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Security Agencies Urged to Crack Down on Fuel Hoarders, House of Representatives Insists
2May By Mariam AbdullahiNo Comments
Headlines

Security Agencies Urged to Crack Down on Fuel Hoarders, House of Representatives Insists

Calling upon security agencies to take action against those stockpiling Premium Motor Spirit (PMS) – commonly known as petrol – the House of Representatives Committee on Petroleum Resources (Downstream and Midstream) assured the public of ample petrol reserves, with efforts underway to address the logistical obstacles that have caused scarcity of the product. During a press briefing at the National Assembly Complex in Abuja on Wednesday, Ikenga Ugochinyere, co-chair of the committee and Chairman of the House Committee on Petroleum Resources (Downstream), emphasized that there is sufficient petrol supply to sustain the nation for approximately 30 days. Ugochinyere highlighted that distribution to marketers had been disrupted due to challenges in transporting vessel...
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Germany Legend Rudi Völler Praises Super Eagles Striker
2May By Ofomata EdidiongNo Comments
Sports

Germany Legend Rudi Völler Praises Super Eagles Striker

Super Eagles' Victor Boniface has been recognized as one of the standout players in Germany this season by football legend Rudi Völler. Völler commended Xabi Alonso for assembling a formidable squad that includes players like Boniface at Bayer Leverkusen. This season, Bayer Leverkusen secured their first Bundesliga title in history, positioning themselves to potentially achieve a historic treble by reaching the final of the DFB-Pokal and the semifinals of the Europa League. Joining the club last summer were Boniface, Nathan Tella, Granit Xhaka, Jonas Hofmann, Arthur, Matej Kovar, and Alejandro Grimaldo. Speaking to Spox.com, Völler praised the team's tactical superiority, stating, "Simon Rolfes, Fernando Carro, and Xabi Alonso have built an exceptional squad with a tactical approach t...
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The South-South Endorses the Lagos-Calabar Coastal Highway Project
2May By Mariam AbdullahiNo Comments
Headlines

The South-South Endorses the Lagos-Calabar Coastal Highway Project

President Bola Tinubu's initiation of the construction of the Lagos-Calabar Coastal Highway has received accolades from the Governors of Bayelsa, Rivers, Cross River, Edo, and Delta states. This highway, upon completion, will integrate coastal communities with major commercial centers across Nigeria. The 12th meeting of South-South governors, also referred to as the BRACED Commission Governor Council (comprising of Bayelsa, Rivers, Akwa-Ibom, Cross River, Edo, and Delta), was held in the conference hall of the Bayelsa State Government House in Yenagoa on Tuesday, April 31st. Chaired by Governor Godwin Obaseki of Edo State, together with Bayelsa State Governor, Douye Diri, and other representatives, discussions revolved around regional development and collaboration. After privat...
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