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Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 trillion to reconstruct the wilful extensive damage of properties across the metropolis.

Speaker Gbajabiamila: This democracy must not fail

Speaker of the House of Representatives, Rep. Femi Gbajabiamila has said that Nigerians, from all walks of life, whether in government or as professionals, must rededicate themselves to the protection of democracy.

African Union hails US for ‘remarkable’ leadership on vaccine waiver

The Africa Union's health watchdog on Thursday praised the United States' support for a waiver on patent protections for Covid-19 vaccines as a "remarkable expression of leadership".
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

James Ibori’s kinsmen flay AGF, Britain on delay and £2.6 million shortfall in Delta...

The Oghara Development Union (ODU), Lagos branch, has asked the Attorney General of the Federation, Abubakar Malami, to tell Nigerians the truth about the delay in repatriating the proceeds of assets confiscated from the three ladies in the former Governor James Ibori money laundering trials.
But, in the news that will likely devastate large sections of the United fanbase, Joel and Avram Glazer seem set to stay.

Glazer family unmoved by protests against Manchester United ownership

Glazer family won’t be moved by the protests against their Manchester United ownership on Sunday.
The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS-Afolabi Sotunde-File Photo

MTN records increased revenue, reduced voice, data subscribers in Q1

According to the report of the results, its mobile subscribers declined by 5 million to 71.5 million due to the effects of customer churn and the regulatory restrictions on new SIM sales and activations.
Dangote Cement

Dangote Cement to pay N40.39 billion in corporate tax

Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021.
Amazon received Food and Drug Administration authorisation for a Covid-19 test made by itssubsidiary STS Lab Holdco, and it plans to use it for its onsite coronavirus testing programs.

Amazon posts record profits as AWS hits $54 billion annual run rate

Amazon.com, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.
Director-General of the Scheme, Brigadier General Shuaibu Ibrahim, made the appeal in his keynote address at the ongoing meeting of NYSC’s top management with representatives of the State Governments and the FCT administration, in Abuja.

NYSC chief advises Nigerian government to create trust fund for outgoing corps members

The Director-General of the National Youth Service Corps, Brigadier-General Ibrahim Shuaibu, has recommended the creation of a trust fund that would cater to the financial empowerment of all corps members as they pass out from the national service.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

National Assembly urged to pass Proceeds of Crime Bill, Witness Protection Bill, others

Stakeholders in the Nigerian project have asked the National Assembly to quickly pass Proceeds of Crime Bill, Witness Protection Bill, Federal Audit bill, Public Interest Disclosure & Compliant Commission Bill and other public interest bills to strengthen the fight against Corruption in the country as they are worried over damage caused by Corrupt acts.

Addax/Sinopec: Group faults President Buhari on restoration of OMLs

An oil industry group, Oil Industry Indigenous Capacity Action Committee, has faulted President Muhammadu Buhari’s order for the restoration of an earlier cancelled Oil Mining Licences (OMLs) 123, 124, 126 and 137 to Addax/Sinopec.
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

CSCS reiterates commitment to deepening capital market

The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth.

Spotify premium subscriber count increases to 158 million

Spotify now boasts 158 million premium subscribers and 356 million monthly active users, according to its latest earnings report released today. That’s a 21 percent and 24 percent year-over-year increase, respectively. It’s up from 155 million premium subscribers and 345 million monthly active users last quarter.
Dutch coach and pundit, Wim van Hanegem, has taken aim at Jurgen Klopp over Liverpool’s slide this season, saying things have ‘fallen’ apart for the club.

Liverpool announce pre-tax losses of £46 million

Liverpool have announced pre-tax losses of £46 million ($64m) as the financial impact of the coronavirus pandemic becomes clear at Anfield.

Nigerian Breweries shareholders approve N7.5 billion dividend payout

Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewer has approved the dividend payout of N7.52 billion for the 2020 financial year. The approval was given at the 75th Annual General Meeting of the company held at MUSON Centre in Lagos on Thursday, April 22, 2021, even as the company assured the shareholders of its commitment to continually improve the return on their investments.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank pumps N11.3 trillion loans into economy in five years

Leading Tier-1 deposit money bank (DMB), Zenith Bank Plc granted expansive facilities in loans and advances totaling N11.3 trillion in the past five years: 2016-2020, data from its annual reports has revealed.

Betway parent to go public in merger with acquisition firm

Super Group, the parent company of online bookmaker Betway, said on Sunday it has agreed to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of around $5 billion.
BUA Cement Plc has ruled out an increase in the ex-factory price of cement.

BUA: No plan to increase cement price

In a statement on Sunday, the company said it does not intend to increase its price of cement now or in the near future, barring any material and unforeseen circumstances.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

House probe illicit harvest, export of 7,200 male organs, other human parts to China

Piqued by reports of a seized cargo ship that sailed from Nigeria with 7,200 refrigerated male organs found in 36 boxes labelled as plantain at Shanghai port, known as Red Market in China, the House of Representatives yesterday resolved to probe the circumstances of the development.
2. Shareholders of FCMB Group Plc (www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value

AGM: Shareholders applaud FCMB, approve dividend of N2.97 billion

Shareholders of FCMB Group Plc (www.fcmbgroup.com) have restated their confidence in the financial institution to sustain its impressive performance and deliver more value.

IOM: Impunity makes human trafficking more profitable than small arms

The International Organization for Migration (IOM) says widespread impunity is making human trafficking more profitable for criminals than smuggling small arms.
A wholesale market in the central Chinese city of Wuhan played a role in the outbreak of the novel coronavirus in 2019, the World Health Organisation (WHO) said on Friday, calling for more research.

Chinese economy maintains stable recovery

China’s GDP grew 18.3 per cent year on year in the first quarter, hitting 24.93 trillion yuan (about $3.82 trillion), according to statistics released by the China’s National Bureau of Statistics (NBS) on April 16.
Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 trillion to reconstruct the wilful extensive damage of properties across the metropolis.

House speaker: Nollywood contributes 2.3 % to Nigeria’s GDP

The Speaker of House of Representatives, Femi Gbajabiamila, has said the film industry contributes 2.3 per cent to Nigeria’s Gross Domestic Product (GDP).

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two ‘killed’, one injured as robbers attack bullion van in Ondo

Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo governor commiserates with Pastor Adeboye over son’s demise

Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
1. Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the State House, Abuja.

VP Osinbajo: Nigeria’s unity must not be compromised

Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.

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The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: South-east unwilling to access credit facilities

The Central Bank of Nigeria (CBN) has expressed worry over the show of indifference by those in the South-east in accessing several credit facilities made available by the apex bank.

Cleric blames President Buhari over worsening security situation

The Ecclesiastical Justice Forum, EJF, has said that insecurity was getting worse in the country because President Muhammadu Buhari’s led administration is directly antithetical to the lofty ideals of democracy.
Nigerian National Petroleum Corporation (NNPC)

Rising oil price puts more pressure on NNPC’s finances

Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC) to contribute to the Federation Account.
Boko Haram - Islamic State-aligned militants have intensified attacks on army camps in recent weeks as part of a more than decade-long insurgency that has killed more than 36,000 people.

Terrorists attack two army bases in Borno, 8 killed

Nigerian jihadists have attacked two army bases in the restive northeast, overrunning one camp and killing at least eight people, military sources said on Sunday.
President Muhammadu Buhari is presiding over a high-level security meeting at the State House over the rising insecurity in the country. In attendance are Vice President, Yemi Osinbajo as well as Secretary to the government of the federation, Boss Mustapha, Ministers, Service Chiefs, acting Inspector-General of Police and Intelligence chiefs.

President Buhari mulls fresh strategy at security meeting

Amid deteriorating security across the country, caused by Boko Haram, bandits and other terrorists, President Muhammadu Buhari yesterday convened a meeting of the National Security Council at the State House, Abuja, to fashion out new strategies to stem the unending killings.