As the face-off in Ibadan royal rumble continues, members of Olubadan-in-Council have said Olubadan of Ibadanland, Oba Saliu Adetunji, also enjoyed some of the benefits of the review of Olubadan chieftaincy declaration which made them kings. The promoted kings said asking them to remove their crowns was hypocritical because it was the same chieftaincy … Read more
Despite crude oil production cut by the Organisation of Petroleum Exporting Countries, OPEC, to boost the prices of crude oil, fresh indications have emerged that the combination of supply and demand side factors are muting crude oil price rise to the target of $80 per barrel. This came as crude oil prices in the international market … Read more
Nollywood actor, Duke Oliver a.k.a Silvanus of the popular TV series, Do good, has died in an auto crash while returning from his mother’s burial. The burial took place on Friday in Akwa Ibom State and Oliver was heading back to his base in Lagos when the accident occurred. We pray God will comfort the … Read more
Union Bank has recorded 33 percent growth in profit before tax (PBT) to N18.5 billion for the year ended December 31, 2018. The bank’s financial report for the period released yesterday on the Nigerian Stock Exchange, NSE, showed that gross earnings fell to N145 billion from N168 billion in 2017, representing 11 percent decline over … Read more
… as witnesses deny seeing him in exam hall Hearing on the examination malpractice charge the Police levelled against Senator Ademola Adeleke has been adjourned till June 10 by the Abuja Division of the Federal High Court, yesterday. The Police had, in a seven-count charge it entered before the court, alleged that Adeleke, the … Read more
Founder of Huawei has described moves by the United States of America’s President Donald Trump to ban Chinese companies in Europe as being politically and economically motivated. In a statement, Zhengfei maintained that his firm does not spy for China. While he accused the US of making such moves in levelling criminal charges against … Read more
FSDH has proposed hike in Value Added Tax (VAT) rate and recommended measures for increasing VAT revenue by 218 percent. The bank, in its monthly Economic and Financial Market Outlook, stressed that the proposed increase in VAT rate to 10 percent from five percent will reduce household consumption and compliance with tax payments. Speaking at … Read more
Viacom Inc signed a content distribution agreement with T-Mobile US Inc, under which the media company’s brands including MTV and Nickelodeon would be available to the wireless carrier’s 80million customers, the companies said on Wednesday. The deal enables T-Mobile to bring together live feeds of Viacom’s channels as well as a broad range of … Read more
The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Nigeria and called for a removal of fuel subsidy and for the Federal Government to increase its spending on the poor, as a means of reducing poverty in the country. In a statement yesterday the IMF said: “Phasing out implicit … Read more
Socialite and club owner, Pretty Mike claims begging is now a lucrative form of business and social media is the current Headquarters and also lists celebrities who are also beggars. Names of celebs he listed includes; AY Makun, Mr jollof, Ushebebe, Tope Solaja,Regina Chukwu,Amarachi Igwe and others. Begging…..This is now a lucrative form of business … Read more
Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple. The supply deal would mark Japan Display’s foray into the OLED display market, the two sources familiar with the … Read more
Former House of Representative member, Mr. Ned Nwoko, has said no country can survive without harnessing the potentials in the tourism sector. Nwoko, Chairman of “Project Tourism’’ disclosed this during the formal unveiling and launch of the project organised by Linas International Ltd in collaboration with the Nigerian Tourism Development Corporation (NTDC) in Abuja. … Read more
Herdsmen, late Tuesday night, invaded Mondo village in Ukemberagya in Logo Local Government area of Benue State, killing five persons and sacking the entire village. A local chief, Joseph Anawa, who confirmed the development, hinted that invaders stormed the village at about 11p.m. when the people had gone to bed. His words: “They came … Read more
An escalation of the United States and China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed yesterday. The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, … Read more
Clashes between Black Axe and Klans cultists in Calabar, Cross Rivers State, Tuesday night and the early hours of yesterday, has claimed three lives. An eyewitness said the killing of one of the victims at about 11p.m. on Tuesday on Ambo Street set the stage for the clashes, adding “we had just finished a church programme at about … Read more
A widow, Mrs Bukola Shitu, whose building was demolished alongside others at Magboro community in Ogun State, has cried out to the state government to come to her aid, saying she and her children had been sleeping in the cold. The widow’s building, a worship centre operated by her late husband, Mudashiru Shitu, was demolished … Read more
Former Chief of Army Staff, General Ishaya Bamaiyi, yesterday, told a Lagos High Court sitting in Ikeja that he agreed with the suggestion by Fred Ajudua to bribe Justice Olubunmi Oyewole who was then handling his trial in 2006, because he wanted to regain freedom. Bamaiyi stated this under cross-examination by counsel to Ajudua, Olalekan Ojo(SAN). Ajudua, being prosecuted by the Economic and Financial Crimes … Read more
National Vice Chairman, South-West of Peoples Democratic Party, PDP, Dr Eddy Olafeso, yesterday disowned Segun Adewale as the Lagos State Chairman of the party. Olafeso in a statement in Akure said Adewale “did contest the last Ekiti State governorship election on the platform of ADP, therefore to that extent, still a member of that party … Read more
Nigerian music superstar, Davido, is among a star-studded line up of acts to perform at the 2019 edition of Hot 97 Summer Jam in New York. Said to be one of the biggest musical concerts held during the summer in the United States, the event is billed to hold on June 2 at … Read more
Nigerian musician, Victor AD, has revealed going through unimaginable hardship when he took the decision to relocate to Lagos yeara back. The “Wetin We Gain” singer, who said he came to the Centre of Excellence like many young people in search of greener pastures, advised his followers to keep working hard and hoping … Read more