archiveAugust 2020

Senate Chief Whip, Sen. Orji Kalu, has said that the ongoing audit of the operations of the Niger Delta Development Commission (NDDC), should focus on missing funds rather than projects awarded and completed by contractors. Kalu, who was Abia governor from 1999 to 2007, stated this in a statement issued...

FBN Holdings Plc has injected N25billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited. The capital injected represents part of the net proceeds of the company’s divestment from FBN Insurance Limited. With this fresh capital, the Capital Adequacy Ratio (CAR) of FirstBank has increased to 16.53...

Participants at the webinar on the African High-Speed Railway Project which was held on 29 July have called on African Union and leaders of the continent to fast track implementation of the high-speed rail to support the implementation of the continental free trade area. Moderated by Mr Olawale Rasheed of...

Players who deliberately cough at opponents or referees can be shown red or yellow cards under new guidelines issued by England’s Football Association (FA) amid the COVID-19 pandemic. The instructions to referees taking charge of games when COVID-19 restrictions are in place will come into force immediately and be applied...

Dele Adesina (SAN), one of the candidates in the recently concluded Nigerian Bar Association (NBA) presidential election, has asked the Board of Trustees of the association to cancel the results. He made the demand in a petition addressed to the Chairman, Board of Trustees of the Association on Monday. Olumide...

Nigerian Breweries Plc’s first half unaudited result for 2020, published on The Nigerian Stock Exchange (NSE) last week shows earning per share (EPS) decline of 57.3 per cent year-on-year. For the three months ended June (Q2), EPS declined 98.4 per cent year-on-year. EPS was impacted by lower revenue, weaker margins...

A study by Italian scientists has found that people can transmit the coronavirus SARS-COV-2 to cats and dogs. The study tested 540 dogs and 277 cats living in households in northern Italy, particularly in Lombardy, where someone was infected with the virus or in areas where there were many cases....

The Christian Association of Nigeria (CAN), South East Chapter, has urged the authorities to ensure security of lives and property in Kaduna. The South East CAN Chairman, Bishop Goddy Okafor, made the call in Aba on Sunday while addressing newsmen on the persistent bloodbath in Southern Kaduna. Okafor, of the...

Global football ruling body FIFA says there is no reason for Swiss authorities to launch criminal proceedings against its president, Gianni Infantino, who will continue in his role as normal. Swiss authorities said on Thursday that proceedings had been launched against the current FIFA boss by a special prosecutor. The...

South African retail company giant, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria. The megastore company with presence in virtually all states in Nigeria hinged this decision on the effects of coronavirus pandemic which it said has disrupted its businesses globally. This was contained in the...