Author: Ifetayo Adeniyi

Share buyback program: Airtel Africa to start the second tranche worth $50 million The second tranche of the share buyback, which is anticipated to end before December 19, 2024, will amount to a maximum of $50 million. Airtel Africa has announced that it is commencing the second tranche of its share buyback program worth $50 million. The telecommunications giant published this information on the NGX disclosure page on August 19, 2024. It outlined plans for the buyback on February 1, 2024, and March 1, 2024, stipulating that 34,896,112 aggregate numbers of ordinary shares will be purchased from Citigroup Global Markets…

HSD to Confer “Emerging Leader in Philanthropy” Award on Osahon Okunbo The Chairman of Wells Carlton Hotels & Apartments, Abuja, and Founder of the Osa Okunbo Foundation, Mr. Osahon Okunbo, will receive the prestigious “Emerging Leader in Philanthropy” award from the Humanitarian Service Diamond Awards (HSD Awards) on Tuesday. Osahon, son of the late Captain Idahosa Wells Okunbo, has successfully carried on his father’s business legacy and philanthropic efforts. The award presentation will take place at the luxurious five-star Abuja Continental Hotel in Abuja, the nation’s capital. Other notable awardees are Prince Arthur Eze, Borno state Governor, Babagana Zullum, River…

Divine intervention is the answer to Nigerians request – MFM’s Olukoya Pastor Daniel Olukoya, General Overseer, Mountain of Fire and Miracles Ministries “What we need really is divine intervention. We need to pray for divine intervention. The General Overseer, Mountain of Fire and Miracles Ministries (MFM), Dr Daniel Olukoya, has urged Nigerians to continue to pray for God to lay His hands upon the whole nation and the country’s leaders so that they will take the right decisions and help the people. Olukoya said this while speaking with journalists at the end of the church’s 35th anniversary celebration and thanksgiving…

MTN gets permits to generate electricity, Others The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the commission, Golden Penny Power Limited got a licence to build six off-grid gas plants in Lagos, Oyo, Ogun, and Cross River states. The total capacity is 100MW. Also, MTN was granted a permit to…

NNPC to use the 2023 final dividends to cover the cost of petrol subsidies NNPC informed the president that, due to the subsidy payments, it is currently unable to pay taxes and royalties. President Bola Tinubu has approved the Nigerian National Petroleum Company (NNPC) Limited to use the 2023 final dividends owed to the federation to cover the cost of petrol subsidies. In addition, the president has approved a halt on the payment of 2024 interim dividends to the federation to help boost NNPC’s cash flow. Also, NNPC informed the president that, due to the subsidy payments, it is currently…

In A Bid To Empower Youths for Global Competitiveness, NITDA Drives Nigeria’s Digital Transformation CWAI also notes that NITDA’s efforts will increase the dividends of democracy, as a educated and healthy youthful population can provide a boost to economic development. NITDA’s Director-General, Kashifu Inuwa Abdullahi, recently outlined the agency’s vision for Nigeria, emphasizing the importance of technological innovation in driving inclusive economic growth. This aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes digital literacy and talent cultivation as one of its eight key pillars. In a bid to establish Nigeria as a globally renowned center and hub…

Though threatened, I added over 1,000MW of electricity to the national grid capacity in one year – Adelabu “We have raised the electricity generated capacity from 4,000MW to 5,155MW recorded on the 8th of August, 2024. In the past, it took the country over 25 years to achieve 2,000MW of power and it took between 1984 and today to achieve additional 2,000MW. Minister of Power, Adebayo Adelabu on Sunday disclosed that he receives threat calls from unknown forces in the power industry who are not happy with his policies which he noted to have been yielding positive results. Adelabu while…

As PDP wipes clean in Bauchi LG election, winning all 20 chairmanship seats The council election which was marred by voter apathy and late arrival of materials in most polling units, produced winners in PDP. The ruling People’s Democratic Party (PDP) in Bauchi State has won all the 20 chairmanship seats in Saturday’s local government election. The declaration was made by the chairman of the Bauchí State Independent Electoral Commission (BASIEC), Alhaji Ahmed Makama, in his office on Saturday after exercise . According to him, “After a successful conduct of the exercise and diligent collation and compilation of the results,…

A total of N1.358 trillion shared in July – FG, States, LGs This is contained in a communique issued after the meeting for August on Friday in Abuja. The Federation Accounts Allocation Committee (FAAC) has shared N1.358 trillion among the federal government, states and local government councils (LGCs) for July. According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion. It also comprised Value Added Tax (VAT) revenue of N582.307 billion and Electronic Money Transfer Levy (EMTL) revenue of N18.818 billion. Also included in the total distributable revenue is the Exchange Difference revenue of…

Buju Banton explains his Nigeria connection Buju Banton “Maroons are some of the Indigenous warriors on my Island. We fought the British relentlessly. We are called Blackmaroons. My generation originated from Nigeria. I am an Igbo man according to my bloodline. Mark Anthony Myrie, Jamaican dancehall legend, popularly known as Buju Banton, has given a rare insight into his connection with Nigeria. Appearing on the ‘Drink Champs’ podcast co-hosted by N.O.R.E and DJ EFN, Banton stated that his tribe, Maroons originated from the Igbo tribe of Nigeria. He lamented that their Indigenous land is now being threatened by the current…