July 2, 2024

Tag Archives

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... Read More

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... Read More

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... Read More

Zamfara Anti-Terror Operations: Troops Kill 3, Reclaim Looted Food and Rustled Animals

by on June 12, 2024 0
Troops of the Nigerian Army (NA), in collaboration with Zamfara State Community Protection Guards, successfully eliminated three terrorists and recovered various items, including rustled sheep, arms, and ammunition, during operations on Monday in Zamfara State. The Army stated, “In Rukudawa Village, Zurmi Local Government Area, troops launched an offensive operation targeting the hideout of... Read More
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