November 21, 2024

Otedola Takes Control: First Bank Stake Climbs to 11.63% After Fresh Share Purchase

by on June 25, 2024 0

Mr. Femi Otedola, billionaire businessman and Chairman of First Bank Nigeria (FBN) Holdings Plc, has acquired an additional 797,946,415 units of the company’s shares through the Nigerian Exchange Limited (NGX). This purchase, valued at N17.219 billion with shares traded at N21.58 each, further solidifies Otedola’s majority stake, raising his shareholding to 11.63%, the highest...

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Lagos Faces Cholera Crisis and Unregistered Tiger Nut Drink Concerns

by on June 25, 2024 0

A wave of cholera cases has been sweeping through Lagos, causing widespread anxiety, illness, and fatalities. The Lagos State Ministry of Health has reported 579 suspected cases and 29 confirmed deaths. While cholera outbreaks are common during the rainy season, this outbreak’s suspected source is surprising—tiger nut drink, a popular local beverage known for...

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Natural Disasters in Ivory Coast: Floods and Landslides Result in 24 Deaths

by on June 24, 2024 0

Meta Description: “Unusually intense rainfall and subsequent floods and landslides have claimed at least 24 lives in Abidjan, Ivory Coast’s largest city. With water levels rising dramatically, the West African nation faces significant devastation. News Article: Floods and landslides killed at least 24 people in 10 days in Abidjan, Ivory Coast’s largest city, authorities...

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Dangote Refinery vs. IOCs: Accusations of Operational Sabotage

by on June 23, 2024 0

In a startling revelation, Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies (IOCs) of deliberate sabotage aimed at crippling Dangote Refinery’s operations. Edwin claims these companies are inflating the prices of local crude oil, forcing the refinery to import more expensive crude from abroad. Edwin...

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Finally, Nigeria Named a Chronic Violator of Workers’ Rights by Global Organization

by on June 23, 2024 0

Nigeria Named a Chronic Violator of Workers’ Rights by Global Organization The International Trade Union Confederation (ITUC) has released its 2024 Global Rights Index, identifying Nigeria as a chronic violator of workers’ rights. This report, which includes input from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), places Nigeria among other...

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