Renowned business magnate, Femi Otedola, has said that his choice of investment in Dangote Cement is determined by long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition. It will be recalled that Otedola recently acquired shares worth N6 billion in Nigeria’s largest company by market capitalization, Dangote Cement Plc. Dangote Cement…
Following the controversies surrounding the person of late prophet and televangelist Pastor, T B Joshua, famous Nollywood actress Ronke Oshodi Oke has revealed how the late founder of the Synagogue Church of All Nations (SCOAN), TB Joshua, healed her daughter of asthma. It will be recalled that BBC’s Africa Eye on Monday released a highly controversial and…
The Nigerian Communications Commission (NCC) has approved MTN’s request to partially disconnect Globacom (Glo) from its network over unpaid interconnect charges. The partial disconnection means that Globacom’s subscribers will be unable to place calls to any MTN number but can receive calls from MTN users. A memo titled ‘Pre-Disconnection Notice,’ and signed by the NCC’s…
The Economic and Financial Crimes Commission (EFCC) on Thursday stormed the headquarters of the Dangote Group of companies in Lagos over alleged foreign exchange allocation fraud. It was gathered that the Commission is probing the foreign exchange allocations made to about 52 companies, including Dangote Plc, during the tenure of the former Governor of the…
Senator Adams Oshiomhole, former national chairman of the APC, has revealed some of the events that led to his removal from office. The former chairman, spoke at the launch of a book “APC and Transition Politics”, authored by Salihu Lukman, a former national vice chairman (North-west) of the party, at the Shehu Yar’Adua Center in…
Governor Rotimi Akeredolu of Ondo State is dead. According to reports, Akeredolu died in Lagos on Wednesday. The Ondo governor died at the age of 67. It was learnt that he was managed by State House doctors up to his death because they could not fly him abroad. “Akeredolu is dead; he died in Lagos,”…
The Supreme Court on Friday upheld the treasonable charge filed against Nnamdi Kanu, the leader of the proscribed Indigenous People of Biafra (IPOB). It was reported that the federal government prayed the court to set aside an earlier judgment by the Court of Appeal, which quashed the treasonable felony charge against Kanu and ordered his…
The Minister of Solid Mineral, Dele Alake, has alleged that influential Nigerians behind illegal mining are also the ones behind armed criminality and banditry in the country. Alake disclosed this in Abuja when he appeared before the House of Representatives Committee on Solid Minerals for the defence of 2024 budget. He said “A lot of…
Hooded gunmen, on Wednesday, killed the Director of Finance to the Ogun State governor’s office, Taiwo Oyekanmi. It was gathered that the accountant was waylaid and shot dead on the popular Kuto Bridge in Abeokuta, less than three kilometres from a bank where he had withdrawn a large sum of money for government use. The…
A former Minister of State for Defence, Musiliu Obanikoro, on Wednesday, told Justice Nnamdi Dimgba of the Federal High Court, Abuja, that N1.219 billion was airlifted to the former Ekiti state governor, Ayodele Fayose. According to Obanikoro, the inability of a defunct commercial bank, Diamond Bank, to disburse the colossal sums of money prompted the…
