Author: Akintayo Adams

Nigerian National Petroleum Corporation (NNPC) no longer owns a 20 per cent stake in the refinery, according to a statement by Aliko Dangote, Chairman of Dangote Group. He made this known while briefing journalists in Lagos State on Sunday. “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery,” he said. In August 2021, the Group Chief Executive Officer of NNPCL, Mele Kyari, informed lawmakers that the company had acquired a 20 percent…

A fresh legal tug-of-war might be brewing in the ancient city of Ìbàdàn over alleged plans to prevent the Ọ̀tún Olúbàdàn of Ìbàdànland, High Chief Ràshídì Adéwọ̀lú Ládọjà, from becoming the Olúbàdàn when the time comes. As known by everyone, dead or alive, Ládọjà, a former Senator and Governor of the state from 2003 – 2007, is the most highest ranked Chief in Ìbàdàn as at today and the Civil Line, where he belongs is the line to produce the next Olúbàdàn. A crisis erupted in Ibadan shortly after the demise of the 41st Olúbàdàn, Ọba Saliu Adetunji. It resurfaced…

Carlos Alcaraz has bagged his second Wimbledon men’s singles title after beating Novak Djokovic for the second year in a row. The 21-year-old once again denied Djokovic in his bid to win a record-equalling eighth Wimbledon men’s title, as the 37-year-old fell short in his attempts to win a 25th grand slam. A year on from his epic five-set triumph, Alcaraz produced a masterclass and claimed a fourth grand slam title with a one-sided destruction of most successful men’s player of all time. Alcaraz dominated from the start and came through a nervy third-set tiebreak after squandering three match points to win 6-2 6-2…

Manchester United have confirmed the signing of Joshua Zirkzee from Bologna. This was announced through an official statement on the club’s website. Upon signing, Zirkzee said: “Having had discussions with the manager and the leaders of the club I know how exciting the future is going to be here and I cannot wait to play my part in achieving success for Manchester United. ”I am a player who has always dedicated everything to winning; I’m ready for this next challenge, to go to another level in my career and win more trophies. “It is a privilege to join such an iconic…

The Ogun State Police Command has arrested two suspected kidnappers allegedly responsible for numerous kidnappings and killings in Ijebu Igbo and surrounding areas of Ijebu North Local Government Area. Five other members of the gang are still at large. According to the state Commissioner of Police, Abiodun Alamutu, the seven-member kidnap gang was involved in the abduction and subsequent killing of a 71-year-old father of five and another 37-year-old man, whose bodies were found buried in shallow graves at different locations. Accompanied by officers and health officials, the Commissioner of Police led the operation to the bushes where the victims…

Sheikh Mohammed bin Rashid Al-Maktoum, the ruler of Dubai, announced on Sunday that he has appointed his son, the crown prince of the emirate, as the Deputy Prime Minister and defense minister of the United Arab Emirates in a cabinet reshuffle. “In a cabinet reshuffle, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has joined the UAE government as Deputy Prime Minister and has been assigned the role of Minister of Defence,” Sheikh Mohammed, who serves as the UAE’s prime minister, stated on X. Sheikh Hamdan, aged 41, is the second son of Sheikh Mohammed and has held the position…

A Nigerian man recently shared his reasons for ending his relationship after discovering that his girlfriend had secretly bought several plots of land without informing him. Expressing his frustration online in a message sent to an anonymous social media handler, he lamented feeling deceived by her actions, especially since he prides himself on open communication within their relationship. He mentioned he had been on the brink of proposing to her before learning about the undisclosed purchase, which shattered his trust in her. Consequently, he decided to terminate their relationship, citing his inability to continue trusting someone who kept such significant…

The Central Bank of Nigeria (CBN) has sold USD 122,671,000 to 46 authorized dealers as part of its efforts to promote stability and reduce market volatility in the foreign exchange market. In a statement signed by Dr. Omolara Duke, the Bank’s Director in charge of Financial Markets, it was disclosed that USD 67,500,000 was sold to 27 authorized dealers. Additionally, USD 2.5 million was purchased from one authorized dealer on July 10, 2024. The range of the bid for the July 10, 2024, sales was ₦1,480.0/US$-₦1,500.0/US$, with a value date for payments of July 12, 2024, following the settlement cycle…

The Ọọ̀ni of Ifẹ̀, His Imperial Majesty, Adéyẹyè Ẹnitàn Babátúndé Ògúnwùsì – CFR, Ọ̀jájá II, in partnership with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), unveiled a ₦1 billion endowment fund on Saturday to support female entrepreneurs in the country. The initiative, named the Alhaja Habibatu Mogaji Tinubu Endowment Fund in honor of President Bola Ahmed Tinubu’s mother, was part of this year’s Royal African Young Leadership Forum activities, where 100 youths from across the continent received awards. The Revered Monarch, joined by SMEDAN Director General Charles Odii, unveiled the fund at the event held in Oduduwa…

The Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Mr. Hassan Bello, has stated that the organization is facing challenges with the Bank Verification Numbers (BVN) of Heritage Bank’s corporate customers. However, he disclosed that the NDIC has started paying the insured amount to the bank’s depositors. He said: “As you know, the Central Bank of Nigeria revoked the licence of Heritage Bank Limited in June and it was handed over to the NDIC for liquidation. “The NDIC has already taken over the assets of the bank with the readiness to pay all the claimants – the depositors and…