Uncategorized 

EDITORIAL: NIGERIA’S SIGNIFICANT DIASPORA: A KEY RESOURCE BLOC THAT GOVERNMENT MUST EXPLORE FOR NATION BUILDING

Nigeria provides one of the largest pool of migrants to other countries of the world, with the Nigerian diaspora estimated to be in the region of 5 to 15 million people spread across virtually every continent of the world. Large swathes of Nigerians can be found in countries such as the United Kingdom, South Africa, United States of America among others, with London’s Peckham referred to as a mini-Lagos owing to the preponderance of immigrants from Lagos there.  The Nigerian Diaspora is also known for their excellence in all walks of…

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INVESTIGATION 

Guardian Reporter Went to Abuja House in London to Inquire About Buhari and This Happened

Domestic workers and aides in the Abuja House, London where President Buhari is reportedly staying have kept mom about his health status. President Muhammadu Buhari may have been in and out of hospital since arriving London to see his doctors exactly a fortnight ago, if feelers from Abuja House – the official residence of the Nigerian High Commissioner to the Court of St James’s – where he is staying, is anything to go by. But this could not be confirmed as The Guardian has met a wall of silence from…

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NEWS 

We Must Never Underestimate The Negative Effect Of Corruption – Buhari

President Muhammadu Buhari on Monday, in far away Rwanda, identified corruption and internal conflicts within the African region as the major challenges that should be tackled in a bid to actualize the 60-year dream of a regionally integrated Africa. Speaking at Africa’s Presidential roundtable tagged “The next sixty years in Africa: Looking for Wins” held at Intare Conference Arena, in the Rwandan city of Kagali, President Buhari said knowledge economy, artificial intelligence and delivery of ideas as well as serene policy environment have been identified as answers to Africa’s quest…

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BUSINESS 

University Press alerts investors on profit decline

University Press (UP) Plc has alerted investors that its performance may fall short of projection as the printing and publishing company struggles with declining demand and piracy. In a profit warning, directors of University Press stated that their review by the period ended November 30, 2019 already showed a shortfall of N800 million between the projected and actual turnover for the third quarter ending December 31, 2019. According to the company, preliminary review showed a turnover of N1.8 billion at the end of November, lagging considerably behind N2.6 billion projected…

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NEWS 

UTQEN supports Oyo govt’s clean-up effort in Ibadan

Union of Tipper and Quarry Employers of Nigeria (UTQEN), Oyo State chapter has supported the government clean-up exercise in Ibadan This was just as owners of abandoned trucks and containers on Ojoo-Iwo Road have been warned to take their vehicles off the road sides in the next 48 hours or risk sanctions from the Oyo State government Environmental Task Force Committee Chairman and Special Adviser to the Governor on Security, Fatai Owoseni, made this known yesterday, while monitoring the evacuation of heaps of refuse on the Ojoo-Iwo Road, organised by UTQEN.…

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BUSINESS 

International Breweries opens N164b rights issue

International Breweries has opened application list for its N164 billion right issue, in a major recapitalisation that will see the Belgian core investor investing some additional N123 billion in the Nigerian subsidiary. International Breweries is raising N164.39 billion through a rights issue of 18.266 billion ordinary shares of 50 kobo each at N9 per share. The rights issue is pre-allotted on the basis of 17 new ordinary shares of 50 kobo each for every eight ordinary shares of 50 kobo each held as at the close of business on November…

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NEWS 

CSOs Give Buhari 14-day Ultimatum To Release Sowore, Others

A Coalition of Civil Society Groups has given President Muhammadu Buhari a 14-day ultimatum to release Omoyele Sowore and all prisoners of conscience. The groups under the coalition include the Center for Democracy and Development, Transition Monitoring Group, Enough Is Enough, Concerned Nigerians, Civil Society Legislative Advocacy Centre and others. The groups said the shrinking media and civic space in the country calls for concern by all Nigerians. The coalition condemned the attack on judiciary and free speech aimed at silencing voices of dissent. Speaking at a briefing with journalists…

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Uncategorized 

CSOs Hand Buhari 14-Day Ultimatum To Free Sowore

A coalition of over 200 civil rights organizations on Monday issued a 14-day ultimatum within which President Muhammadu Buhari should show commitment to the rule of law face or face mass action and civil disobedience. They, therefore, demanded, among others, the release the publisher of SaharaReporters, Omoyele Sowore and others being held without justification. According to them, mass action was inevitable if the government failed to accede to their demands. Details later.

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BUSINESS 

Universal Insurance mulls new capital raising to boost capital base

Universal Insurance Plc is considering raising new equity funds to bolster its operations and strengthen its capital base ahead of deadline for new capital requirements for the insurance sector. The board of the insurance company is expected to meet shareholders next week to seek approval for a new capital raising exercise. At the annual general meeting scheduled for Lagos, the board is expected to table two resolutions before shareholders to facilitate the new fund raising. Shareholders are expected to authorise the board to raise additional equity capital up to the…

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BUSINESS 

How bad leadership, corruption fuel poverty in Africa

It’s a disturbing paradox. Despite their abundant human and natural resources, virtually all the development indices in Nigeria and other countries in Africa have remained abysmally poor. For instance, majority of Africa’s estimated 1.2 billion people continues to grapple with issues of high unemployment rate, income inequality and abject poverty, among others. Inept leadership and unbridled corruption by most governments in Africa are said to be holding the economic growth and development of the continent down. Rather than effectively harness their nature-endowed resources to develop their economies and become dominant…

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BUSINESS 

‘Market access, cooperation will unlock opportunities in energy’

In unlocking the next phase of transformation in Nigeria and other African countries’ energy sectors, market access and intra-Africa cooperation will be critical, particularly in oil and gas pipeline and infrastructure projects. The African Energy Chamber (AEC) made this known in its first annual “African Energy Outlook for 2020, launched last week. The report provides key insight on what sub-Saharan Africa’s oil and gas industry can expect to see next year. It also doubles as an overview of the role the energy sector stands to play in developing competing economies.…

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Editorial 

INTERNATIONAL ANTI-CORRUPTION DAY: IT IS TIME FOR NIGERIA TO UNITE AGAINST CORRUPTION

  “On this International Day, I urge people everywhere to continue to work on innovative solutions to win the battle against corruption and to ensure that precious resources serve the peoples of the world”, with these words the Secretary General of the United Nations (UN), Antonio Gutteres charged the world to confront the scourge of corruption. On the 9th of December every year the UN marks the International Anti-Corruption Day, and the ongoing multiyear theme “United Against Corruption”, accurately and aptly captures the position that Nigeria as a country, and…

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