Author: Ifetayo Adeniyi

President Tinubu sends best wishes to team Nigeria as 2024 Olympic Games begins The President specifically mentioned his excitement to watch Nigeria’s flagbearer. As the 2024 Paris Olympic Games officially opened on Friday, President Bola Tinubu has sent his warm wishes to Team Nigeria, consisting of 88 athletes who will be representing the country in 12 sports. In a statement released by his Special Adviser on Media and Publicity, Chief Ajuri Ngelale, on Friday, Tinubu expressed his full support for the athletes, assuring them of the backing of over 200 million Nigerians who will be praying and cheering them. The…

CAC issues guidelines for banks recapitalisation, merger The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its powers under Section 8 (1) (e) of the Companies and Allied Matters Act No. 3 of 2020, stressing immediate adherence to the policy. It said the new guidelines were issued to guide proper filing for new incorporations, increase in share capitals, mergers and upgrade or downgrade of licence authorisation. For new…

Globacom’s Glo 1 celebrates eight years of “uninterrupted service” Globacom’s Glo 1 submarine cable has reached a significant milestone, celebrating eight years of flawless operation. This is as the company boasted that the recent undersea cable disruption which affected network providers in Nigeria and some other neighbouring countries did not affect them. https://punchng.com/undersea-cable-cut-banks-scale-down-operations-as-engineers-battle-to-restore-services/ Since 2016, Glo 1 has provided seamless internet connectivity, ensuring that both personal and business users enjoy uninterrupted service and high-speed access, the company said in a statement. Glo 1 is the international submarine cable owned by Globacom. “Since its launch, Glo 1 has provided continuous connectivity…

N250m publishing house presented by BUA group to Babcock varsity The Managing Director and Chief Executive Officer of Abdul Samad Rabiu Initiative Africa, Dr Ubon Udoh, reiterated on Friday the commitment of BUA Group to coordinated efforts designed to advance the cause of humanity and make life more meaningful for people across Africa. Udoh disclosed this during the groundbreaking ceremony of the N250m Integrated Publishing House donated to Babcock University, Ilishan Remo by ASR, Africa, the foundation owned by the billionaire industrialist and Chairman of BUA Group, Abdul Samad Rabiu. Represented by Nakama Keri, Multilateral Coordination Specialist, ASR, Africa,…

Team Nigeria Special Cultural Attire For Paris 2024 Olympics  Ceremony Team Nigeria made a striking entrance at the Paris 2024 Olympics opening ceremony, donning vibrant cultural attire that exhibited the nation’s rich heritage. Flagbearer Tobi Amusan led the contingent in a traditional Yoruba outfit of Iro and Buba with Gele, representing her Ogun State roots. The team’s outfits, created by US-based sports apparel company Actively Black, featured a fusion of urban and traditional styles. The ensemble incorporated Nigeria’s green and white colours in a local ‘Adire’ pattern, paired with white fitted round-neck inner shirts. Co-flagbearer and team captain Anuoluwapo Juwon…

Team Nigeria Special Cultural Attire For Paris 2024 Olympics  Ceremony By Elegbede Abiodun The outfits were created by US-based sports apparel company Actively Black to feature a fusion of urban and traditional styles Team Nigeria made a striking entrance at the Paris 2024 Olympics opening ceremony, donning vibrant cultural attire that exhibited the nation’s rich heritage. Flagbearer Tobi Amusan led the contingent in a traditional Yoruba outfit of Iro and Buba with Gele, representing her Ogun State roots. The team’s outfits, created by US-based sports apparel company Actively Black, featured a fusion of urban and traditional styles. The ensemble incorporated…

Federal Gov says Oil revenue grew by 30% in first half 2024 …the growth due to the reconfiguration and improvement in government finances. The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024. This is contained in a statement by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Friday, in Abuja. According to the minister, the growth in government revenue is due to the reconfiguration and improvement in government finances. “The government’s determination to mobilise…

THE OLU OF WARRI IS A BLOOD RELATION OF THE OBA OF BENIN Oba of Benin and Olu of Warri kingdom The Warri Kingdom was established in the year 1480 by King Ginuwa l, one of the princes of the Benin king – Oba Olua, the 14th Oba of Benin. Titled as the Ogiame (an Edo word meaning ‘ruler of the sea or king of the waters’) the Olu of Warri is the cultural and traditional leader of the Itsekiri ethnic nationality, located in coastal parts of Delta State and some riverine parts of Edo State, in the Niger Delta…

Tinubu in a meeting with Ooni, Sultan, traditional leaders, says Nigeria’s economy on gradual recovery Tinubu with Sultan and Ooni President Bola Tinubu says the nation’s economy is on a gradual but steady path of recovery and assures citizens that his administration will do more to meet their needs. In a meeting with traditional rulers led by the Sultan of Sokoto, His Eminence, Muhammad Sa’ad Abubakar III, and the Ooni of Ife, His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, at the State House on Thursday, the President said the plight of citizens remains a deep concern, and will receive more…

In FG’s climate governance performance ranking, Gombe emerges second best Climate governance performance ranking Considering all parameters, Gombe State ranked high, reflecting its commitment to addressing climate change. Gombe State has received an award for emerging with an AA rating in the climate governance performance ranking among the 36 states of Nigeria. This recognition was bestowed on Gombe State by the Federal Ministry of Environment in collaboration with the Society for Planet and Prosperity (SPP) during a high-level event held in Abuja. The state was ranked second in the country, accumulating 128 points, just behind Lagos, which clinched the first…