Author: Akintayo Adams

South African corporation, MultiChoice declared today that it had turned down a takeover bid from the French media conglomerate Canal+. Canal+, which already owned a 30% share in MultiChoice, has terminated negotiations, citing a severe undervaluation of the company. Canal+ made an offer of 105 rand, or roughly $5.5, per share, for the remaining MultiChoice shares. The South African business asserted, meanwhile, that a recent valuation significantly increased its value. In a statement, MultiChoice said “Following careful consideration, the board concluded that the proposed offer price significantly undervalues the Group and its future prospects.” “Therefore, while the board is open…

The President’s wife, Mrs. Oluremi Tinubu, has called on parents and guardians everywhere to defend the rights, vulnerabilities, and general welfare of girls in the nation. In honor of the International Day of Zero Tolerance for Female Genital Mutilation (FGM), Tinubu made this declaration in a statement that was signed on Tuesday under the heading “Her Voice, Her Future: Investing in Survivors Led Movements to End Female Genital Mutilation.” She pointed out that the anniversary of FGM serves as a further reminder to parents and guardians of their duty to defend the rights of all Nigerian girls. “We are once…

Professor Bernard Matau, the vice chancellor of Plateau State University, has lost his position. It was discovered that the vice chancellor, whose term has not yet ended, was removed from office along with four other state-appointed heads of higher education: the provosts of the colleges of health technology in Pankshin, Zawan, and Barkin Ladi, the rector of the Plateau State Polytechnic, and Gindiri, the provost of the college of education. The development was announced on Tuesday by a statement released by Samuel Jatau, the Secretary to the State Government. Partly, the statement reads “His Excellency, the Executive Governor of Plateau…

On Tuesday, the House of Representatives implored the Federal Government to release the food stocks right away and provide grain to Nigerians in need. The representatives stated that this is to address the issue of hunger in the nation. The resolution was adopted after Mr. Ibrahim Isiaka, the member representing the Ifo/Ewekoro Federal Constituency in Ogun State, filed a motion of national urgent concern. Isiaka, who chaired the discussion, bemoaned the rising cost of cement while pointing out that Nigerians now face extreme hardships in living expenses “even though we have all the raw materials for the production.” Speaking, he…

In order to combat insecurity in the area, South-West governors have been urged by Mr. Morayo Lebi, a prominent member of the All Progressives Congress in Ondo State, to provide contemporary equipment to the South-West Security Network Agencies, also referred to as Amotekun. Two monarchs were slain in Ekiti State, and a group of suspected gunmen seized no fewer than twenty-five schoolchildren and four staff members in the Emure community of Ekiti State, adding to the worrying wave of violence plaguing the southwest. Lebi noted that even if the victims have been freed, security organizations like Amotekun and others need…

The Nigerian federal government is actively investigating ways to slow down the country’s skyrocketing flight costs. Festus Keyamo, the minister of aviation and aerospace development, recently stated in an address in Abuja that the government is committed to resolving the matter. Keyamo emphasized the significance of putting in place all-encompassing measures to lessen the load on travelers. Keyamo stated, “We will see what happens. I don’t want to predict doom, but we will try all we have to do, not only the dollar issue or exchange issue but within the sector and other surrounding issues within the aviation sector, to…

As per Rishi Sunak’s statement to the BBC, King Charles III’s cancer was “caught early” and regular correspondence between the monarch and No 10, a way of referring to the UK Prime Minister is still ongoing. Despite being “shocked and sad” by the diagnosis, the PM said he still communicates with the King on a daily basis. Charles started “regular treatments” for his ailment on Monday and has since canceled all public engagements. Few more information have been made public, but the Palace announced that he does not have prostate cancer. Mr. Sunak expressed his hope that meetings between the…

Commercial flights from the Niger Republic to Nigeria and from Nigeria to the country’s northern neighbor have been suspended by the federal government once again. This was one of the resolutions passed by the Economic Community of West African States (ECOWAS) against the Niger Republic. On July 26, 2023, a coup de état removed Mohamed Bazoum, the country’s legitimately elected president, and installed General Abdourrahamane Tchiani, head of the military junta. One of the restrictions was that no commercial flight from Niger could cross over into Nigerian airspace, and no flight from any state in Nigeria could cross over into…

On Tuesday, Nigerian members of the Distillers and Blenders Association will demonstrate against the prohibition on producing, distributing, and retailing alcoholic beverages in PET bottles and sachets. In a statement released by the association, they threatened to storm the National Agency for Food and Drug Administration and Control’s Lagos office to protest the decision. This was in response to the declaration made on Monday by Prof. Mojisola Adeyeye, the Director-General of NAFDAC, that the organization had started enforcing the prohibition on alcoholic beverages in sachets, PET, and glass bottles with a capacity of less than 200ml. She said : “As…

Theophilus Ebonyi, the general overseer of Faith On The Rock Ministry International, has been detained by the Economic and Financial Crimes Commission on suspicion of defrauding Nigerians and church members. The pastor was detained, according to an EFCC spokesman Dele Oyewale, who revealed this in an announcement on Monday in Abuja. The preacher was accused of using fraudulent funding from the Ford Foundation totaling N1,319,040,274.31. In the released statement, it was revealed that “Ebonyi was arrested for defrauding his victims, comprising non-governmental organisations and individuals by advertising an intervention project through his NGO, Theobarth Global Foundation, claiming that the Ford…