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Magnus Abe

Magnus Abe: Politicians will plunge Rivers into violence

The Senator representing the Rivers South-East Senatorial District at the National Assembly, Senator Magnus Ngei Abe has warned politicians not to plunge Rivers State into the kind of violence and mayhem that characterized the 2015 general elections.

One feared killed as gunmen attack PDP rally in Rivers

One person was reportedly killed while the Chairman of Ikwerre LGA of Rivers State, Samuel Nwanosike, narrowly escaped death on Wednesday as gunmen attacked a rally organised by some chieftains of the People Democratic Party in Ipo community.
SAHCO

BPE facilitates SAHCO initial public offer

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.

Bharti Airtel to delay $8 billion Africa business IPO listing

Bharti Airtel Limited may delay its planned Initial Public Offering (IPO) of its Africa unit due to the turmoil in emerging-market stocks, a source close to the company said.

House of Reps summon SEC, past MDs of Capital Oil over firm’s collapse

The House of Representatives Committee on Capital Market and Institutions has summoned the leadership of the Securities and Exchange Commission (SEC) over its role in the alleged mismanagement of Capital Oil Plc, a Lagos based firm.
Members of the Sri Lankan web journalist association hold placards with the image of Saudi journalist Jamal Khashoggi during a demonstration outside the Saudi Embassy in Colombo on October 25, 2018, following Khashoggi's dissapearance on October 2 at the Saudi consulate in Istanbul. - Saudi Arabia's crown prince denounced the "repulsive" murder of journalist Jamal Khashoggi and vowed justice will prevail, in his first public comments on the case, without addressing US accusations of a monumental cover-up. (Photo by LAKRUWAN WANNIARACHCHI / AFP)

Saudi Arabia: Turkish probe shows Jamal Khashoggi murder ‘premeditated’

Saudi Arabia acknowledged on Thursday that the murder of journalist Jamal Khashoggi appeared to have been premeditated, based on information from Turkey, as it sought to draw a line under the crisis.
Rape

Man nabbed for allegedly raping 14-year-old mother

The police in Ekeki police division in Yenagoa Local Government Area of Bayelsa State has apprehended a middle-aged man, simply identified as Ifeanyi, for allegedly raping a 14-year-old girl at a popular hotel in the area.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN may suspend Nigeria’s IPO, considers options

MTN Group has said it may no longer seek to raise capital through an Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE) as previously planned, while considering the option of listing its existing shares.

Nigerians pull out of bitcoin as cryptocurrencies crash

With a crash in the value of bitcoin last week, Nigerians are pulling back to cut down on their losses in the cryptocurrency market as their stake in the market declined dropping to N1.09 billion as against N1.51 billion which it was at the beginning of August this year.

Man remanded in police custody for alleged murder

An Ado-Ekiti Magistrate’s Court, on Tuesday, ordered the remand of one Toyin Ajakaye, for alleged murder of a commercial motorbike rider, Omoniyi Are.

SEC tasks MTN Group on filing of IPO application for NSE listing

The Securities and Exchange Commission (SEC), on Friday tasked MTN Group on official filing of Initial Public Offering (IPO) which gathered media momentum in the last couple of months.

MTN sticks to 2018 plan despite complications to repatriate cash from Iran

MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new U.S. sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.
Share prices on the Tokyo Stock Exchange (bottom L) and a chart (R) of the bourse's three-month movement are displayed in Tokyo on August 3, 2018. Tokyo's key Nikkei index closed flat on August 3 as investors retreated to the sidelines over global trade frictions and ahead of the release of key jobs data. / AFP PHOTO / Kazuhiro NOGI

Tokyo shares end higher as Asian markets gain

Tokyo stocks ended higher Tuesday along with other Asian markets following overnight gains on Wall Street, but investors refrained from making major moves ahead of US-Japan trade talks.
Nigeria Air

Minister Sirika: How Nigeria Air’ll operate

Following a flurry criticisms by concerned Nigerians querying the alleged tardy process of floating a national carrier by the Federal Government in December, the Minister of State, Aviation, Hadi Sirika, on Tuesday, said no amount of sustained attack on the project can deter him from making it a reality.
Minister of State for Aviation, Hadi Sirika unveiling the Nigeria Air in the UK

Minister: Federal government not paying $300 million for 5% stake in Nigeria Air

Hadi Sirika, minister of state for aviation, says the federal government is not paying $300 million for a five per cent stake in Nigeria Air.

Police launch manhunt for ritual killers in Edo

Edo State Police Command has commence search for alleged ritual killers operating along the Upper Siluko axis in Egor local government area.

Shares in China’s Xiaomi dip on Hong Kong debut

Chinese smartphone giant Xiaomi fell on its Hong Kong stock debut Monday, following a long-awaited initial public offering overshadowed by China-US trade tensions and falling global markets.

SEC: MTN Nigeria yet to file application for initial offer

MTN Nigeria is yet to formally submit any application in respect of its planned initial public offer (IPO), the Securities and Exchange Commission (SEC) said on Sunday.

Recent Stories

Abdulrazaq Abdulrahman

Abdulrahman Abdulrazaq: Kwara by-election result foretells brighter days ahead

Governorship candidate of the All Progressives Congress (APC) in Kwara State, Alhaji Abdulrahman Abdulrazaq, has said that victory of the party’s candidate for House of Representatives for Isin/Oke Ero/Ekiti/Irepodun federal constituency, Alhaji Tunji Olawuyi, foretells brighter days ahead in the state.

Buruji Kashamu replaces Adeleke Shittu as Ogun PDP governorship candidate

The Senator representing Ogun East Senatorial District at the National Assembly, Buruji Kashamu, has replaced Adeleke Shittu as the governorship candidate of the Peoples Democratic Party (PDP) ahead of next year’s elections in the state.
The National Union of Textile Garment and Tailoring Workers of Nigeria held a peaceful protest in Lagos on Tuesday to mark the 40th anniversary of the organisation.

NLC: Vote out governors against new national minimum

The Nigeria Labour Congress (NLC) has urged electorate in the country to vote out en masse any governor that does not approve of the new agitated national minimum wage of N30, 000 monthly.

NFF thanks Aiteo after Super Eagles’ AFCON qualification

The Nigerian Football Federation (NFF) has lauded Aiteo Group, for the role the energy company played in redefining football in Nigeria and creating the enabling factors which have led to the qualification of the Super Eagles for the 2019 African Cup of Nations after two previous failed attempts.

NAQS: Sniper in beans, a weapon of mass destruction

The Nigeria Agricultural Quarantine Service, NAQS, has warned dealers in beans to desist from using “Sniper” to store the produce as the chemical is too toxic for human consumption.