Author: Ifetayo Adeniyi

Oil and gas, Oando’s return to profitability to strategic acquisition The recent acquisition of Nigerian Agip Oil Company could be transformative for Oando, potentially boosting its production capacity and shifting its revenue mix towards more stable and profitable sources. Last year, Oando’s stock delivered an impressive 159% year-to-date gain. The momentum continued into 2024, albeit with a modest start, as the share price increased by 14% in Q1. However, following the release of its 2023 financial results on May 31, 2024, which revealed a significant turnaround with a pre-tax profit of N104.1 billion compared to a pre-tax loss of N61.8…

Lagos announces five-month traffic diversion for Lagos-Badagry Expressway reconstruction starting August 26 The Lagos State Government has announced a five-month traffic diversion plan, from August 26, 2024, to January 31, 2025, as part of its ongoing efforts to reconstruct the Lagos-Badagry Expressway. The plan involves strategic diversions implemented in phases to minimize inconvenience for motorists while the extensive roadwork is carried out. This phased approach is designed to ensure that the reconstruction progresses smoothly while minimizing disruption to traffic flow along this vital transportation corridor. This announcement was made through an official statement on the X (formerly Twitter) handle of…

Critical National Information Infrastructure: FG involves NIBSS, BVN, NIN databases Critical National Information Infrastructure as Federal Government chooses NIBSS, BVN, NIN databases The federal government has designated the Nigeria Inter-Bank Settlement System (NIBSS), the Bank Verification Number (BVN), and the National Identification Number (NIN) databases as critical national information infrastructure (CNII). This is contained in the ‘Designation and Protection of Critical National Information Infrastructure Order, 2024’, an official gazette recently signed by President Bola Tinubu. The designation means that anyone who attacks any infrastructure listed in the gazette commits an offence and is liable to prosecution. In addition, the gazetted…

Napoli remains resolute as Osimhen’s week wage stands at £500,000 Chelsea’s chances of getting Osimhen appear almost impossible, given their efforts to reduce the wage bill and the presence of other potential targets. Osimhen is seeking a £500,000-a-week salary – SunSport, which would make him the highest-paid player in the Premier League, a figure the Chelsea board is unwilling to meet. The Blues have been in negotiations with Napoli and Osimhen representatives throughout the summer but have yet to reach an agreement. Despite ongoing discussions, Chelsea has struggled to align with Osimhen’s financial expectations. The club has explored various options,…

Ibrahim Chatta gave insight to how he was able to complete his film village project, costing N1.4bn Ibrahim Chatta gave insight to how he was able to complete his film village project, costing N1.4bn Ibrahim Chatta gave insight to how he was able to complete his film village project, costing N1.4bn saying his breakthrough was divine intervention. He expressed gratitude to God for the timely assistance. Veteran Nollywood actor, Ibrahim Chatta, has opened up on the incredible story behind how he made the money to build his viral N1.4billion film village in Oyo state. In a recent video that has…

Ogiame Atuwatse III Will Kick-off Delta Expanded Ethnic Football Competition “Star prize winner would smile home with N2m, runners up with N1.5m, third place winner with N1m, and the fourth would bag N500,000, totalling N5m. Olu of Warri, His Majesty, Ogiame Atuwatse III, is to kickoff the expanded Delta Ethnic Peace and Unity Cup football tournament at Ode-Itsekiri as the Royal Father of the Day. The tournament is created to promote peaceful co-existence among ethnic groups in Delta central and Delta south senatorial districts of the state. The competition, scheduled to commence on November 16, 2024, at Ode Itsekiri, had…

Japanese Ambassador honours Prof. Ogbonna with prestigious award Mba describeb him as a shining light and a good example for Enugu indigenes. He was recognized for immense contributions to academic cooperation and mutual understanding between Japan and Nigeria. The Japanese Ambassador to Nigeria, Matsunaga Kazuyoshi, has conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon on Prof. Chukwuma Ogbonna former Deputy Vice-Chancellor at the University of Nigeria, Nsukka. He is one of the recipients of the Japanese government’s 2024 Spring Conferment of Decorations on Foreign Nationals. The award recognises Prof. Ogbonna’s immense contributions to academic cooperation and…

Olu of Warri Confers Awards on Vanguard Publisher, Amuka-Pemu, Pinnick, Others The Olu of Warri Kingdom in Delta State, His Majesty, Ogiame Atuwatse, Saturday decorated 10 notable Itsekiri sons and daughters for their patriotic contributions to the development of the Warri Kingdom and Nigeria at large. The recipients include the Publisher of Vanguard Newspapers, Sam Amuka-Pemu, and Nigeria’s representative on the FIFA Council, Amaju Pinnick.Other recipients of the awards include Mr. Felix Omatsola, Ade Mabo, Julius Dediare Rone, Mr Alfred Temile, Dr Ajorutsedere Awosika, Mr Eworitsewarami Justin Wilbert, Mrs Oritsemeyiwa Eyesan, and Misan Harriman. In his speech, the monarch lauded…

Finishing Ipswich, Haaland netted a hat-trick, Man City’s victory – EPL Haaland struck with a low drive from distance late on to complete his hat-trick. Erling Haaland scored a hat-trick as Manchester City defeated Ipswich 4-1 at the Etihad Stadium, demonstrating the challenges of life in the Premier League. The Tractor Boys are back in the top flight for the first time in 22 years, and they had a dream start against the defending champions when Sammie Szmodics scored on his full debut, squeezing a shot through the legs of Ederson after seven minutes. However, the joy was short-lived as…

Pastor W. F. Kumuyi disproves the cliche ‘A fool at 40 is a fool for ever.’ Kumuyi and his wife Esther “Don’t give up purpose in your life that you will not defile yourself with what they are saying,” Kumuyi said. Pastor William Kumuyi, the General Superintendent, Deeper Christian Life Ministry, has revealed how he met his wife, Esther when she was 65 years. At the programme for the youths in Delta, Kumuyi had told the youths and young adults not to believe the cliché which says “A fool at 40 is a fool forever.” The man of God, who…