Author: Ifetayo Adeniyi

Dangote retires as Board Chairman of sugar refinery in June Aliko Dangote Dangote retires as Board Chairman of sugar refinery Dangote Sugar Refinery Plc (DSR) has announced that its Chairman, Alhaji Aliko Dangote, will retire from the Board effective June 16. The announcement, made through a corporate disclosure to the Nigerian Exchange Ltd., stated that the decision aligns with principles of good corporate governance and succession planning. It reads, “Alhaji Aliko Dangote is one of the founding Directors of the Company, and has served with exceptional leadership, integrity, and vision since 2005. “Under his leadership, Dangote Sugar Refinery transformed, navigated…

Tinubu to unveil Abuja road Friday, FCT traders close shops FCT Tinubu to unveil Abuja road Friday, FCT traders close shops Residents and commuters in the Federal Capital Territory are advised to brace up for temporary traffic disruptions on Friday, as the Apo-Wasa Road will be closed from 11am to 4pm ahead of President Bola Ahmed Tinubu’s visit to inaugurate a major infrastructure project in the city. According to a statement issued on Thursday by the Senior Special Assistant on Public Communications and Social Media to the FCT Minister, Lere Olayinka, traders, mechanics, and shop owners at the Apo Mechanic…

Wema Bank Secures Ratings Upgrade from Fitch and Global Credit Ratings Fitch Ratings has upgraded Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT’s National Long-Term Rating to ‘A-(nga)’ from its previous ‘BBB(nga)’. In a similar move, Global Credit Ratings (GCR) upgraded Wema Bank’s National Scale long and short-term issuer ratings to BBB+(NG)/A2(NG), from BBB(NG)/A3(NG). Additionally, Fitch Ratings revised the Bank’s ‘Outlook’ to Positive from Stable, while affirming the Long-Term Issuer Default Rating (IDR) at ‘B-‘. GCR also measures Wema Bank to have a Stable Outlook. This significant vote of confidence from…

2025 DEMOCRACY DAY: Tinubu’s address at joint National Assembly session ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025 THURSDAY, 12TH JUNE 2025 Protocol: 1. With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people. 2. Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred. It was a blend of accomplishment and resolve. 3. I felt a sense of collective accomplishment when I realised…

As Sanwo-Olu opens 400m road project, housing estate in Ibeju-Lekki Lagos State Governor, Sanwo-Olu As Sanwo-Olu opens 400m road project, housing estate in Ibeju-Lekki … lauds the council chairman for the initiatives. Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, unveiled a series of infrastructural projects in Ibeju-Lekki, describing them as evidence of his administration’s commitment to grassroots development and inclusive governance. Among the projects were the newly paved 400-metre Babajide Olusola Sanwo-Olu Road, the groundbreaking of a new housing estate, the official opening of the newly constructed administrative block named “Bola Ahmed Tinubu House” and the completion of a modern…

CBN declares, BDC recapitalisation deadline will not be extended CBN declares, BDC recapitalisation deadline will not be extended The Central Bank of Nigeria has set aside claims in the media suggesting an extension of the deadline for the recapitalisation of Bureau De Change operators to December 31, 2025. In a statement on Wednesday, the CBN’s acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, dismissed the information as “false” and “misleading.” She reiterated that no such extension had been granted and that the official deadline remains set for June 3, 2025, as previously communicated. “The Central Bank of Nigeria…

FG to boost MSMEs, invests $50m in impact fund, creating job opportunities FG to boost MSMEs, invests $50m in impact fund, creating job opportunities The Federal Government, FG, has announced a $50 million investment in the Nigeria Wholesale Impact Investment Fund (WIIF), aimed at unlocking significant financing for micro, small, and medium enterprises (MSMEs) and generating jobs across priority sectors. The Federal Ministry of Finance stated this in a post on X, noting that the investment is to show the government’s commitment to fostering sustainable economic growth. According to the statement, the strategic initiative supports President Bola Tinubu’s vision of…

June 12 struggle: The Labour of Heroes past, present From left, Ken Narebor, an unknown Labour activist and late Chief Frank Ovie Kokori, strategizing during a tea break in one of the several meetings of the oil workers at the peak of the June 12, struggle. June 12 struggle: The Labour of Heroes past, present Today marks the 32nd anniversary of the June 12, 1993 Presidential election, won by the late Chief Moshood Kashimawo Olawale Abiola but annulled by General Ibrahim Badamosi Babangida. In this article, one of the labour leaders on the frontline of the struggle for the de-annulment…

As NIHOTOUR begins Hospitality Compliance Audit in Lagos As NIHOTOUR begins Hospitality Compliance Audit in Lagos National Institute for Hospitality and Tourism (NIHOTOUR) has launched a comprehensive compliance exercise across Lagos State, targeting hotels, restaurants and other establishments within the hospitality, travel and tourism sectors. The initiative, which began on Tuesday, is aimed at enforcing the provisions of the NIHOTOUR Establishment Act 2022 by ensuring that all personnel and operators in the industry are properly certified and registered with the Institute. According to the director of legal services at NIHOTOUR, Mariam Inuwa, the exercise is grounded in the agency’s statutory…

Campaign billboards: Anambra places N50m permit fee for governorship Members of the Anambra State Signage and Advertisement Agency during the press briefing As the campaigns for the November 8, 2025, governorship election in Anambra State kick off on Wednesday, the Anambra State Signage and Advertisement Agency has pegged ₦50 million as a permit fee for each political party before being allowed to mount billboards and other outdoor campaigning activities. The Managing Director of the Agency, Tony Ujubuonu, disclosed this to journalists during a press briefing at its headquarters in Awka, on Wednesday. Ujubuonu said the briefing became necessary to inform…