Author: Ifetayo Adeniyi

Legendary Maradona’s 1986 World Cup Golden Ball Trophy for Auction The Aguttes auction house announced on Tuesday that the item had resurfaced and they expect it to be sold for “millions”. Diego Maradona’s “stolen” Golden Ball trophy, awarded for being named the best player at the 1986 World Cup, has been found and will be auctioned off in France on 6 June. Maradona, who died in 2020, won the award after leading Argentina to World Cup victory in Mexico. “There are a lot of stories and legends, like it was stolen by the mafia to make gold,” the Aguttes auction…

Kainji Hydropower plant aims to add 320,000kw/hr by 2027 when fully restored – Audu The Chief Executive Officer, Mainstream Energy Solution, Lamu Audu, has revealed that the Kainji Hydropower plant would elevate its capacity from 760 megawatts to 980 megawatts. This expansion will result in an extra 320,000 kilowatt-hours of electricity supply per hour. Upon the anticipated completion of the ongoing repair works by 2027, Audu noted that the Kainji Hydropower station is poised for full restoration, expansion, and upgrade. Kainji dam. Source: Google In March, a team of 23 Chinese divers embarked on a meticulous repair mission at Kainji…

Unilever Nigeria to pay shareholders N4.3bn dividend in 2023 Unilever Nigeria, a manufacturer and marketer of consumer products has approved to pay its shareholders N3.31 billion dividend payment at 75 kobo per share for the 2023 financial year. The firm recorded an after-tax profit of N16.4 billion in 2023 from N5.4 billion in 2022 while revenue increased by 51.3 percent to N103.9 billion from N68.6 billion. Shareholders approved the dividend at 75 kobo per share, an increase from the 25 kobo declared in 2022 during the company’s 99 Annual General Meeting, which was held in Lagos. Micheal Ikpoki, the acting…

Telecommunication:Airtel mobile money announces going public in 2025 Airtel Africa has announced plans to take its mobile money arm public in 2025 and expand its services to other countries in Africa, beyond the fourteen countries where it currently operates. “We will list next year. We will continue to bring additional countries into the envelope. We are still a year from that IPO,” said Olusegun Ogunsanya, chief executive officer of Airtel. He, however, did not speak on the prospective stock exchange for the listing. Airtel Money, Airtel Africa’s fastest-growing arm, has a potential valuation of about $4 billion. This IPO move…

Ambassador of the Republic of Turkey pay courtesy visit to the First Lady of Nigeria in her office at the State House Abuja L-R Ambassador of Republic of Turkey to Nigeria Hidayet Bayraktar, First Lady of the Federal Republic of Nigeria Senator Oluremi Tinubu and the Deputy Head of Mission Mr Imdat Karakoc after their courtesy visit to the First Lady at the State House Abuja on Thursday 9th May, 2024. This was contained in a statement signed by Busola Kukoyi, Senior Special Adviser on Media to the First Lady of the Federal Republic of Nigeria, on Thursday 9th…

Owotuga Foundation donates 300-seater Lecture Theatre, Aiyedatiwa expresses satisfaction The Ondo State Governor, Lucky Aiyedatiwa, has hailed the Late Matthew Omodayo Owotuga Foundation on its recent donation of 300-seater lecture theatre at Olusegun Agagu University of Science and Technology (OAUSTECH) in Okitipupa, Ondo State. The donation, which is intended to immortalise late Matthew Omodayo Owotuga, stemmed from a deep-seated commitment to honoring his legacy of love for education and philanthropy. Governor Lucky Aiyedatiwa, who was represented by his Special Adviser on Education, Olawunmi Ilawole, expressed gratitude to the Owotuga family for their generous donation. Speaking on behalf of the family,…

Oil & Gas: FG paid Lagos N3.9bn as derivation for being oil producing state – LASG From left: Permanent Secretary Ministry of Energy and Mineral Resources, Engr(Mrs ) Sholabomi Shashore; Special Adviser to Governor on Mineral Resources, Engr. Abiola Olowu; Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye and Commissioner for Information and Strategy, Mr. Gbenga Omotoso, during the Ministerial Press Briefing by the Ministry of Energy and Mineral Resources. Commemorate of First Year of Second Term in Office of Mr. Babajide Sanwo-Olu Governor of Lagos State, at Press Center, Alausa, Ikeja, Lagos.  The Lagos State Government says N3.911…

Processing fees: CBN extends suspension on cash deposits to Sept. 30 CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on deposits within some thresholds. This is according to a statement by Adetona Adedeji, acting Director, Banking Supervision Department on Wednesday in Abuja. Adedeji said the suspension of two per cent and three per cent previously charged on cash deposits above N500,000 for individuals and N3 million for corporates has now extended to Sept. 30. “Consequently, all financial institutions regulated by the CBN should continue to accept all cash deposits from…

Japan govt to confer national honour on Nigerian Prof. Ogbonna Prof . Chukwuma Ogbonna The Japanese government has identified a Nigerian, Prof . Chukwuma Ogbonna, as the recipient of a national honour. The award will be bestowed on Ogbonna at the forthcoming 2024 Spring Conferment of Decorations on foreign nationals. This is contained in a statement by Embassy of Japan on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that Ogbonna, a professor of microbiology, and a former Deputy Vice Chancellor at the University of Nigeria, Nsukka, is one of the recipients to receive the Order of the…

The Primacy of Truth (Part 2) He is wicked. He does not forgive. He lacks empathy; and a few more phrases that would not be appropriate in print are often deployed as cryptic language to express their frustration with Governor Godwin Obaseki who has refused to fleece the masses to fete the politically privileged. They prefer a free rein, a culture of impunity where there are absolutely no consequences for bad behavior because that culture serves the interest of a few with political access and relationship with power. But Rigoberta Menchú, the Guatemalan Indian human rights activist and 1992 Nobel…