Acquisition
Access Bank set to acquire BancABC Botswana
Access Bank Plc on Monday disclosed that it had entered into a definitive and binding agreement with ABC Holdings Limited to acquire 78.15 per cent shareholding in African Banking Corporation of Botswana Limited (BancABC Botswana).
China and Taiwan’s arms build-up
Taiwan’s mass production of a long-range missile last month as part of the plan to modernise its military has once again underscored how large and real the Chinese threat of annexation of the island nation has become.
PAP boss urge Niger Delta youths to shun violence
The Interim Administrator of the Presidential Amnesty Programme (PAP), Col. Milland Dixon Dikio (Rtd) has said that the time has come for the youths of the Niger Delta to shun violence.
Naval chief: Navy offshore survey vessel a force multiplier
The Nigerian Navy new offshore survey vessel, the NNS LANA, will be a force multiplier in the force’s ability to project naval power for enhanced maritime security in the nation’s maritime environment and the Gulf of Guinea, the Chief of Naval Staff, Vice Admiral Awwal Gambo has said.
DPR: We’ve accurate record of crude production
The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known.
Nigerian Navy takes delivery of new offshore survey vessel in France
The Nigerian Navy yesterday took delivery of a new offshore survey vessel, NNS LANA, in Saint Nazaire, France.
Federal government okays N20.1 billion for Nigerian customs equipment
The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS).
Why NLNG vessels are not flagged in Nigeria – shipping firm
The management of the NLNG Ship Management Limited, NSML, the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, has given reason for putting its vessels in the Bermudian Ship Registry instead of the Nigerian Ship Registry.
Minister: Rail transportation awakening giant to help run government
Mr Rotimi Amaechi, Minister of Transportation, on Tuesday described the rail mode of transportation as the awakening giant that would run government.
Dangote Sugar denies involvement in price fixing
Dangote Sugar Refinery PLC (DSR) has denied an online publication claiming the company’s involvement in price-fixing and not transparently engaged in any Backward Integration Programme as claimed.
Lai Mohammed: We amended national broadcasting code to end monopoly
The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government amended the National Broadcasting Code to provide a level playing ground for all stakeholders in the industry to thrive.
Spotify to launch own Clubhouse competitor
Spotify has invested heavily in prerecorded podcast content, and now, the company is looking to host live audio conversations. The platform announced today that it’s acquiring Betty Labs, the company behind the live sports audio app Locker Room. Spotify didn’t disclose how much it spent on the purchase.
D’Tigers forward Al-Farouq Aminu joins Chicago Bulls
The Bulls via an official statement on their website also confirmed they acquired centre Nikola Vucevic in exchange for forward Otto Porter Jr. and centre Wendell Carter Jr., as well as two first-round picks with certain lottery position protections.
Germany’s move to return stolen Benin bronzes piles pressure on Britain
There are strong indications that the German authorities may hand over some Benin Bronzes to Nigeria in September, a development which observers said would put pressure on British museum to return its own share of the looted artefacts to the Nigerian government.
Everton get government green light for new 53,000-capacity stadium
Everton's plans for a new 53,000-capacity stadium have received government approval, the club announced on Friday -- a major stepping stone as they seek to compete with the Premier League's "Big Six".
Minister: NNPC to generate $600 million from marginal fields
The Minister of State for Petroleum Resources, Timipre Sylva, says his ministry is expected to generate 600 million dollars from its new Marginal Fields.
Senate asks FRC to refund N66 million spent on unoccupied building
The Senate Committee on Public Accounts has directed the Financial Reporting Council of Nigeria to refund to the Federation Account, N66 million the agency paid as a two-year rent to secure an accommodation which it never occupied.
Court orders extension of NIN registration deadline by two months
Justice M. A. Onyetenu of a Federal High Court sitting in Lagos has ordered the extension of the deadline for National Identity Number, NIN by two months.
Boko Haram: Adamawa governor procures drones for Nigerian Army
The Acting General Officer Commanding (GOC), 3 Division, Brigadier-General BA Mohammed has applauded Governor Ahamdu Umaru Finitiri for acquiring a high technological military drones to support the Nigerian Army in its quest to rid the state of terrorists,like Boko Haram, kidnappers, bandits and other dangerous gunmen hanging around the state.
David Moyes insists Jesse Lingard merits his England recall
Lingard’s performances since joining the Hammers on loan from Manchester United in January have earned him a Three Lions call-up for the first time in two years.
Leicester City announce decrease in turnover to £150 million in financial report
Leicester City Football Club have announced a decrease in turnover to £150 million its financial results for the year-ending – the first published measurement of the impact of COVID-19 on the Club’s finances.
150 Akwa Ibom youths to benefit from ECOWAS, EU disarmament programme
Economic Community of West African States (ECOWAS), European Union (EU) and Akwa Ibom State Government have teamed up on ‘Small Arms and Light Weapons (SALW) Control, a disarmament programme initiated to train repentant militant youths in various skills.
Recent Stories
Cape Verde’s ruling party maintains majority in parliamentary elections
Cape Verde’s ruling party has maintained its majority following a parliamentary election despite criticism from the opposition over its handling of the COVID-19 pandemic and the economy, partial results showed on Monday,
Leicester City boss: Kelechi Iheanacho, Jamie Vardy combination a real threat
Leicester City manager Brendan Rodgers has hailed the partnership between Kelechi Iheanacho and Jamie Vardy as a "real threat" to their oppositions.
Mai Tangale crisis: Gombe governor inaugurates commission of inquiry
Following the violent crisis that engulfed Billiri town in Gombe State between February 17 and 20, 2021 over the Mai Tangale stool tussle, leading to loss of lives and property, the Governor Muhammadu Inuwa Yahaya, on Monday, inaugurated an 11-man Commission of Inquiry to ascertain the immediate and remote causes of the crisis with a view to preventing future occurrence.
Minister: Nigerian government rejected governors’ request to borrow from central bank for March shortfall
The federal government turned down a request by state governors to borrow from the Central Bank of Nigeria (CBN) to augment the N50 billion federation account allocation committee (FAAC) shortfall in March.
GOC charges soldiers to be combat ready
Maj.-Gen. Taoreed Lagbaja, the General Officer Commanding, 82 Division, Nigerian Army, has charged soldiers to be combat ready and maintain physical fitness.
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Attacks: Plateau university, STF beef up security
The Plateau State University (PLASU), Bokkos, and STF have adopted new modalities to beef up security in and around the Ndar Students’ Village.
Ambassador Arapaja urged to instill more discipline in South-West PDP
Dr Adetokunbo Pearse, a chieftain of the Peoples Democratic Party (PDP) in Lagos State, has advised Amb. Taofeek Arapaja, the newly-elected National Vice-Chairman, South-West, to instill more discipline in the party.
SPW: Nigerian government commences partial payment of beneficiaries
The Federal Government has commenced partial payment of the N20,000 monthly stipend to the 774,000 beneficiaries of the Special Public Works programme.
Nigerian government, AfDB collaborate on special agro processing
As part of the Buhari administration’s efforts to transform agricultural productivity in the country, the Federal Government in partnership with the African Development Bank (AfDB) and other stakeholders are set to roll out a Special-Agro Industrial Processing Zones (SAPZ) programme aimed at concentrating agro-processing activities in demarcated areas to boost productivity and integrate production, processing and marketing of selected commodities.
NAFDAC sues for dialogue with striking workers
The management of the National Agency for Food and Drug Administration and Control (NAFDAC) has urged its aggrieved workers to call off their industrial action and embrace dialogue to address their concerns