Author: Ayo

The Securities and Exchange Commission has approved the extension of Access Holdings Plc’s N351 billion rights issue to August 23, due to the recent nationwide protests that disrupted business operations. The extension provides shareholders with ample opportunity to subscribe to their rights, according to a statement signed by Group Company Secretary Sunday Ekwochi. The rights issue, which commenced earlier, offers 17.772 billion ordinary shares at N19.75 each. Acting Group Chief Executive Officer Bolaji Agbede stated that the offer for subscription will expand the group’s growth strategies and financial strength. “The commencement of the Rights Issue subscription is an important step…

In a surprising turn of events, the P-Square twin brothers, Peter and Paul Okoye, have put aside their differences and reunited. This comes after a public feud between the two, with Peter denying allegations that he petitioned the EFCC to arrest his brother. The reconciliation meeting was facilitated by none other than the Labour Party’s presidential candidate, Peter Obi. A photo of the trio has gone viral, with Rudeboy posting it on his Facebook page and thanking Peter Obi for his intervention. The meeting marks a new chapter in the relationship between the twin brothers, who had been at odds…

President Bola Tinubu has given his nod to the National Policy on Health Workforce Migration, a comprehensive strategy aimed at managing, harnessing, and reversing the exodus of healthcare professionals from Nigeria. Prof Muhammad Pate, Coordinating Minister of Health and Social Welfare, made the announcement on Monday. The policy seeks to create a thriving workforce that is well-supported, adequately rewarded, and optimally utilized to meet the healthcare needs of all Nigerians. It envisions a system where healthcare workers are recognized and rewarded, especially in rural and underserved areas. The policy tackles push factors driving healthcare workers out of the country, including…

The Niger Delta Development Commission (NDDC) has refuted allegations of diverting funds to support the All Progressives Congress (APC) gubernatorial candidate in Edo State. Mrs. Seledi Thompson-Wakama, Director of Corporate Affairs, described the claims as fabrications by mischief makers. Thompson-Wakama emphasized that the commission does not finance political parties or candidates, and its sole focus is on accelerating development in the Niger Delta. “The NDDC board and management is now more than ever determined to positively impact the lives of Niger Delta people.” The NDDC spokesperson highlighted the commission’s commitment to transparency and accountability, citing the recent engagement of KPMG…

The much-anticipated rollout of petrol from the Dangote Petroleum Refinery may not happen on Monday as earlier projected. Despite assurances from top officials that the refinery is set to begin production this month, findings suggest that the 650,000 barrels per day capacity refinery might face delays due to ongoing crude supply crisis. The refinery, which awaits 29 million barrels of crude oil from the Nigerian Upstream Petroleum Regulatory Commission, is ready to release petrol this month. However, the low supply of crude may impact the process. “We will start the sale of PMS this August, though the low supply of…

As the Edo State Governorship Election approaches, the Independent National Electoral Commission (INEC) has identified electoral offences as a major threat to free, fair, and credible elections in Nigeria. INEC’s Head of Legal Department, Mrs. Rita Amadi, emphasized the need for youths to understand electoral laws and penalties to mitigate electoral offences. Amadi, represented by Mrs. Oba Agbonifo, presented a paper titled “Electoral Offences and Penalties” at a one-day engagement with youth groups in Edo State. She noted that prosecuting electoral offences is a challenging task due to the inefficiency of criminal investigations in Nigeria. Amadi stressed that ending impunity…

In a shocking turn of events, Napoli’s prolific striker Victor Osimhen has expressed his desire to leave the Serie A club. This revelation comes from Giovanni Manna, a high-ranking director at Napoli. According to Manna, Osimhen’s request to depart is not a new development, as the Nigerian forward could have left the club last summer. However, the absence of concrete offers has kept him at Napoli until now. Manna stated, “Victor Osimhen has asked to leave the club. He wants to go. The situation is clear; there were already chances for his exit last summer. Victor wants to leave. We…

Abia State Governor, Alex Otti, has addressed concerns surrounding salary deductions for civil servants, attributing the issue to the migration from the 2018/2019 tax rate to the current tax rate. Otti explained that the investigation revealed no evidence of salary pinching, but rather a difference in tax deductions due to the updated tax rate. The governor also addressed the issue of salary disparity in some Local Government Areas, stating that it was not true and attributed to tax deductions using the current rate. Additionally, Otti clarified that overtime allowance payments would only be made for civil servants who perform overtime…

A massive deployment of security operatives has been seen in major cities across the country as organizers of the #EndBadGovernance protest prepare for a one million-man march today. The protest, which has been marred by killings and attacks on protesters and journalists, demands a reversal of the fuel subsidy removal, an increase in the minimum wage, and an end to bad governance. Despite the increased security presence, organizers have vowed to press on with the protest, with the National Coordinator of the Take It Back Movement, Sanyaolu Juwon, stating, “It’s a nationwide one-million-man march. Nigerians have shown resilience in the…

In a significant move, Russia and China have agreed to enhance their collaboration in the exploration and use of outer space, prioritizing safety in these activities. According to a statement by the Russian Foreign Ministry on Friday, the two nations held consultations in Moscow to discuss peaceful space issues. The meeting saw deliberations on various topics, including the use and exploration of outer space for peaceful purposes, international legal regulation, and ensuring the long-term sustainability and safety of space activities. This development underscores the growing partnership between Russia and China in the realm of space exploration and utilization. By strengthening…