Author: Akintayo Adams

For the year ending in December 2023, Lafarge Africa’s Board of Directors has proposed a dividend of N1.90 per unit of its shares, or N30.60 billion. Compared to the N32.22 billion dividend it gave out the year before, this was less. According to a corporate notice submitted on Thursday to the Nigerian Exchange Limited, shareholders must first approve the proposed dividend at the company’s next annual general meeting. “A final dividend of 190 kobo per unit of 50 Kobo ordinary share, payable from the Pioneer Reserve, will be paid to shareholders whose names are in the register of members as…

Shina Peller, a former member of the House of Representatives, and thousands of other members of the Accord Party in Oyo State’s Oyo North Senatorial District defected to the People’s Democratic Party on Thursday, the state’s ruling party. The state governor, Seyi Makinde, who was accompanied by his deputy, Bayo Lawal, gave him a formal welcome in Ode-Oba, Iseyin, in the state’s Iseyin Local Government Area. Peller left the All Progressives Congress in 2023 to obtain the Accord Party’s senatorial ticket for Oyo North. However, he was defeated by APC candidate Fatai Buhari. Peller had been elected in 2019 under…

On Thursday, President Bola Tinubu slammed the nation’s labor unions and urged them to uphold peace. Two days after the Nigeria Labour Congress (NLC) staged a statewide protest against the nation’s economic suffering, the President took aim at the unions in Lagos on Thursday during the state’s Red Line Rail service’s inauguration. Speaking to the inauguration attendees, President Tinubu first requested permission to make a jab before sending a message to the Trade Union Congress (TUC) and the NUC, which make up the majority of the Organized Labour. “The Labour Union should understand that no matter how long we cling…

On Thursday, President Bola Tinubu reaffirmed the administration’s efforts to combat the nation’s problems with corruption and smuggling. Speaking on Thursday at the inauguration of the Lagos Red Line Train, Tinubu stated that his administration’s economic policies cannot be reversed. “I agree smugglers will fight back, corruption will fight back. We will fight them to ruin. Corruption will go away, save the money for you to educate our children, to pay for the healthcare system of our people, to pay for the modern transportation system that works for highest number of people, not those few smugglers,” Tinubu said. “We said…

To examine the possibility of choosing a consensus candidate, the Peoples Democratic Party (PDP) leadership in Ondo State called a meeting with all of the party’s candidates ahead of the November 16, 2024, gubernatorial election. Kennedy Peretei, the state press secretary for the party, disclosed that this measure was implemented to enable a seamless primary poll involving the nine candidates seeking the PDP ticket in Ondo State for governorship. According to Peretti, the state’s party officials have been in contact with each candidate to explore the prospect of coming to an agreement as the best course of action to prevent…

The 37-kilometer Lagos red line rail project was put into service by President Bola Ahmed Tinubu on Thursday. The 37-kilometer Red Line rail project would connect Agbado, Ogun State, with Marina. Along the way, there will be 13 stations along the way, including Agbado, Iju, Agege, Ikeja, MMIA International, MMIA Domestic, Oshodi, Mushin, Yaba, Ebute meta, Iddo, Ebute Ero, and Marina. It is anticipated that it will enable 37 journeys every day, carrying about 500,000 passengers. The Red Line will use a diesel-powered system called the Diesel Multiple Unit (DMU), in contrast to the Blue Line’s electric power. Opening day…

According to sources, Paul Pogba, a midfielder for Juventus, tested positive for testosterone and received a four-year anti-doping sentence. Pogba, 30, was placed on provisional suspension back in September 2023 following the discovery of DHEA in his blood, a hormone that can increase testosterone levels and boost an athlete’s stamina. His B sample came back positive, and in October 2023, it was determined that he had failed the drug test. After Juventus’ match against Udinese in August of last year, the former Manchester United player was chosen at random for testing. He saw no action as a substitute in Juve’s…

A Ukrainian man was sentenced to 12 years in jail by a court in a Russian border region on Thursday on espionage charges related to providing military intelligence to Ukraine’s secret services. Since it began its full-scale military attack in February 2022, Russia has detained and imprisoned dozens of people on suspicion of working with the army and intelligence services of Ukraine. “The court found that the defendant was engaged by the Ukrainian intelligence services to collect and transfer information about the presence of Russian armed forces on the territory of the Bryansk region,” the court said in a statement…

12,873 new students were admitted to the Lagos State University in Ojo, Lagos, on Wednesday for the 2023–2024 academic year. According to Prof. Ibiyemi Olatunji-Bello, the university’s vice-chancellor, more than 50,000 people applied. According to the News Agency of Nigeria, Prof. Adenike Boyo, the Deputy Vice-Chancellor (Administration), represented Olatunji-Bello at the function. She gave the matriculating youngsters advice on how to concentrate on their studies in order to not lose the excellent chance to attend a university. “It is important for me to mention that LASU is a student-centred university. “It is a place for the grooming of generational leaders.…

On Thursday (Today), President Bola Tinubu will leave Nigeria on an official two-day visit to the State of Qatar. According to a statement from Tinubu’s Special Advisor on Media and Communications, the visit would “further strengthen cooperation between the two nations in several areas, including security, cultural exchange, and economic development.” It is being made at the invitation of Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar. “President Tinubu honours invitation to visit Qatar and participate in business and investment forum” is the title of the announcement. “During the visit, President Tinubu will witness the signing of several…