Category: News

Britain’s Duchess of Cambridge Dances With Paddington Bear

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Kate, wife of Queen Elizabeth’s grandson Prince William, Britain’s Duchess of Cambridge, danced with the famous Paddington Bear on Monday (October 16), delighting children on her return to royal duties after suffering acute morning sickness. Kate, last week made her first public appearance since it was announced in September she was expecting the couple’s third child. On Monday, she joined her husband and his brother Prince Harry at London’s Paddington station where they met children from charities they support who were heading off on a special trip on the Venice…

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Fidelity Bank records largest new Eurobond issue, liability offering

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In what has been described as the largest combined new issue and liability management offering ever by a Nigerian issuer, Fidelity Bank Plc, on October 11, 2017, priced a successful $400m five-year Eurobond with a 10.50 per cent coupon. Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited managed the deal, which included an any-and-all cash tender offer for the early redemption of its $300m 6.875 per cent notes due May 9, 2018. The bank, in a statement on Monday, said the tender offer was very successful with the repurchase…

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killer herdsmen strikes again, kill over 25 in Plateau, Delta

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Suspected Fulani herdsmen strikes again in Nkei-Dongwro near Miango in Bassa Local Government Area, Plateau State with no fewer than 29 people allegedly killed. A dusk-to-dawn curfew had earlier been imposed on Bassa following a series of attacks in the area. But the gunmen have been defying the curfew as the attacks usually take place in the night. The National President of Irigwe Development Association and former member of the Plateau State House of Assembly, Sunday Abdu, confirmed that 29 people mainly women and children were killed by the gunmen.…

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UBA gross earnings hit N333.92bn in 2017 Q3

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United Bank for Africa (UBA) Plc on Monday announced gross earnings of N333.91 billion for the third quarter ended Sept. 30, 2017. This is according to the company’s third quarter result released by the Nigerian Stock Exchange (NSE). The report showed that the gross earnings represented a growth of 25.75 per cent when compared to N265.53 billion posted in the comparative period of 2016. Also, the company’s profit before tax during the period under  review increased by 33.2 per cent or N19.53 billion to N78.33 billion as against N58.79 billion…

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Fela Statue Unveiled In Lagos

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Lagos State government unveiled a statue of the late Fela Anikulapo-Kuti at Allen Roundabout, Ikeja, on Sunday, October 15, 2017. The unveiling of the statue which was titled “the Liberation” was in honour of the iconic Afrobeat legend Fela Anikulapo Kuti to celebrate his posthumous birthday. He was born on the 15th of October 1938. Fela was a musician, human right activists, panafricanist, polygamist, political maverick, which was the reason he was labelled “Abami Eda”. He was also the pioneer of the Afrobeat music genre. The legend had a mystic…

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Conte questions Chelsea’s ability to defend EPL title

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Antonio Conte has warned that Chelsea will find it difficult to defend the title after their shock defeat by Crystal Palace and questioned whether his squad is strong enough to compete on several fronts. In an echo of his frustration in the summer about the club’s failure to acquire a number of key transfer targets in preparation for their involvement in the Champions League Chelsea’s manager bemoaned his team’s lack of depth after an insipid performance away to the Premier League’s bottom side led to the champions slipping nine points…

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Danbatta: Why Bankers Won’t Disclose Fraudsters

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The Nigerian Communications Commission (NCC) has said that there has been an increase in banking fraud in the nation more than what banks are willing to disclose. Executive Vice Chairman of the Commission, Professor Umaru Garba Danbatta said this yesterday in Minna while presenting a paper titled ‘Promoting Regulatory Framework for Safety and Security on the Internet’ at the North Central Zonal Internet Governance Forum. According to him: “Banks are unwilling to discuss the fraud that happens within the banks due to the fear of liquidation and loss of customers.…

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DELTA STATE TEACHER EMERGES 2017 MALTINA TEACHER OF THE YEAR

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Mr. Felix Udochukwu Ariguzo, a teacher with Mastercare International School, Asaba, Delta State, has emerged the Maltina Teacher of the Year for 2017 in the highpoint of the competitions grand finale held in Lagos on Thursday. For the feat, Ariguzo was rewarded with N1 million in addition to N500,000 he received as Delta State champion. He will also receive N1 million every year for five years, a training programme abroad and a block of six classrooms built at his school. Ariguzo, a Biology and Chemistry teacher, revealed that he draws…

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OGD Congratulates Owa Obokun on 80th Birthday

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Former Governor of Ogun State, Otunba Gbenga Daniel has congratulated His Royal Majesty Oba (Dr.) Gabriel Adekunle Aromolaran, the Owa Obokun and paramount ruler of Ijesaland on the occasion of his 80th birthday anniversary. In his letter of congratulation, he described the revered monarch as an astute administrator, prolific writer and publisher  imbued with great virtues in professionalism, dedication, integrity, courage and service. “Your Majesty’s love for the people, endless service and wise leadership has brought great political, economical and social success to Ijesaland, making it prosperous and peaceful. As…

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Labour Rejects N30,000 Minimum Wage Offer By House Of Representatives

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The organised labour on Saturday rejected the resolution of the House of Representatives seeking the upward review of the minimum wage for Nigerian workers to N 30 , 000 from the current N 18 , 000 The President of the Trade Union Congress , Bobboi Kaigama , said that the organised labour is demanding N 56 , 000 . He stated that the labour unions were awaiting the executive arm of government to set up a committee to speed up the process. “The procedure is for the tripartite body to…

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