Edem slams critics after table tennis exits
Nigerian table tennis player Offiong Edem says Nigerians should offer more support and not criticisms to athletes representing the country at the ongoing Paris Olympic Games, following the exits of Quadri Aruna and Omotayo Olajide in the men’s singles on…
Transfer: Conte drops Osimhen for Napoli’s pre-season friendly
Napoli manager Antonio Conte has dropped Victor Osimhen from his squad to play Egnatia in a pre-season friendly on Sunday evening. Osimhen has been left out, with his future at the Serie A club still uncertain. Conte is waiting for…
Cement: BUA hints at price reduction
Prices of cement may likely be reduced, the founder and chairman of the BUA Group, Abdul Samad Rabiu has said. Rabiu who said the prevailing price of cement in the country is the most friendly compared to what obtains in…
Lagos government revokes all building permits; property owners directed to reapply
The Lagos State government has revoked all existing building permits and ordered builders to reapply for validation to continue construction. The special adviser to Governor Babajide Sanwo-Olu on e-GIS and Urban Development, Olajide Babatunde, said this during a visit to…
Dangote lost $651 million amid sell-offs in Dangote Cement and naira’s rapid fall
Aliko Dangote, Africa’s richest man, saw his wealth valuation dip significantly in dollar terms amid the naira devaluation and recent sell-offs in Dangote Cement. The Kano-born billionaire lost $651 million on Friday and is down by $1.3 billion this year….
Wema Bank unveils payment solution for MSMEs
Wema Bank has unveiled a payment gateway for Micro, Small and Medium Enterprises in the country. The platform named ALATPay, which offers a secure end-to-end shopping experience for customers and instant settlement for merchants, all via the merchant’s unique ALATPay…
Guinness Nigeria appoints ex-Agusto chief to its board
Guinness Nigeria Plc has announced the appointment of Mrs. Vivien Shobo, the former CEO of Agusto & Co. to its board as an Independent Non-Executive Director. The announcement was contained in a corporate disclosure on the NGX website. According to…
ELECTRICITY: NERC bars NBET from entering into new contracts
THE Nigerian Electricity Regulatory Commission, NERC, has barred the Nigeria Bulk Electricity Trading Plc from entering into new contracts for the bulk purchase and trading of electricity in the country. The Commission in an order, signed by its Chairman, Engr…
LH Telecoms acquires majority stake in 9mobile
Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile, has been acquired by LH Telecommunication Limited. According to a statement issued on Sunday by the company, the acquisition of majority shares in the Nigerian telecom company was approved…
Popular Nollywood Actress & TV Presenter, Lara Is Dead
A popular television presenter and Nollywood actress, Lara Olubo, is dead. Nollywood actress, Mercy Aigbe, announced the sad news on her Instagram page. Sharing the deceased picture, Aigbe wrote; “Hmmm. life. Still in denial. Adieu Omolara.” Details surrounding her death…