Author: Khadijah Olowode

The Nigerian Stock Exchange (NSE) has disclosed that it recorded a N132 billion market capitalization gain at the close of trading on Wednesday, 5 June, 2024. NSE also disclosed that the market capitalization opened at N56.031 trillion and closed at N56.163 trillion, representing a 0.24 percent or N132 billion gain. The All-Share Index is up by 0.24 per cent or 233.4 points, to close at 99,284.38 compared to 99,051.02 posted on Tuesday, 4 June, 2024. As a result, the Year-To-Date (YTD) return rose to 32.78 percent. NSE disclosed top gainers as Zenith Bank, FBN Holdings and Stanbic IBTC, Fidelity Bank,…

By Emmanuel Udom Debo Adeniran, President, Committee for the Defence of Human Rights, CDHR, on Thursday, 6 June, 2024, in Lagos, lamented that the transportation system in Lagos, regarded as a mega-city, seems to be going from bad to worse, if the feelings of Lagosians are anything to go bye. Debo explained that from land to sea, rail to air, people in the state seem not to be getting optimum values for their money, as far as commuting from one part of Lagos to the other, daily. “Some of the roads are bad and deplorable and some transporters capitalize on…

The Minister of Transportation, Senator Saidu Ahmed Alkali, on Thursday, 6 June, 2026 disclosed that President Bola Ahmed Tinubu will flag off Lagos- Kano cargo train. Alkali, who made this disclosure in statement issued on same day, said it the freight services will resume on the old narrow gauge rail line from Lagos to Kano on Thursday following the completion of rehabilitation. The Minister stated that President Bola Tinubu will be officially launching the reopening of the corridor for freight. According to him, the ministry had conducted a trial run moving import containers from Apapa Port in Lagos to Dala Inland Dry…

Renowned Nigerian singer and songwriter, Adedamola Adefolahan, addressed as Fireboy DML, has released a music video for his hit single ‘Everyday’. Fireboy DML, who took to his social media platforms to announce the release of his hit song, attributed the glory to God for making it possible for him to achieve such a feat. The musician urged his fans and lovers of music to sit tight and enjoy every bit of the song, adding that his best is yet to come. “‘Everyday’ out now! produced by @iamblaisebeatz lyric video out on YouTube, make una no chop mouth directed by the one and…

Barely 48 hours after President Bola Ahmed Tinubu’s directive, the Minister of Finance, Wale Edun, on Thursday, 6 June, 2024 submitted the estimated cost implications of implementing a new national minimum wage to him. Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, handed Tinubu the cost implication of the new minimum wage in his office at the presidential villa in Abuja, Nigeria’s seat of power The Finance Minister speaking with State House correspondents after meeting with the President, said, “There is no cause for alarm.” Recall that Tinubu had ordered Edun to come up with the cost…

A Federal High Court sitting in Kano presided over by Justice Abdullahi Muhammad Liman, has fixed June 13 for ruling on the issue of jurisdiction in the case of Kano emirate tussle. The Court adjourned the sitting following a heated argument between counsel. Recall that the applicant, Aminu Babba Dan Agundi, Sarkin Dawaki Babba of the Kano Emirate, had approached the court, asking it to restrain the respondents from enforcing, implementing and operationalizing the repealed law. The respondents in the suit are Kano State Government, Kano State House of Assembly, Speaker, Kano State House of Assembly, Attorney General of Kano State, Kano…

The foremost political group in Lagos State, Justice Forum, showcased its grassroots strength on Wednesday, 5 June, 2024, when its members converged on Macaulay Street in Mushin for the inaugural meeting of joint Mushin LG and Odiolowo/Ojuwoye Local Council Development Area of the group, reports thegazellenews.com. The street was filled to the brim as over 10,000 members of the group attended the inaugural meeting. The meeting took place at the Secretariat of the group, 16 Macaulay Street. Members of the groups from both sides started trooping in to the venue as early as 11:00 am. The Apex Leader of the group…

The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC Limited, Mr. Adedapo Segun, at the Company’s 34th Annual General Meeting held in Lagos, on Friday. The Board Chairman explained that NETCO recorded a 101 per cent revenue increase in the year 2023, reflecting a turnaround in operating results, which rose by 137 per cent reversing the previous year’s deficit. …

A large number of passengers were left stranded on Wednesday, 5 June, 2024, when a Kaduna-bound train from Abuja derailed at Asha station in the federal capital territory (FCT). According to The Cable, a passenger, who didn’t want to be named, said that the train derailed at about 3:52 pm —less than 30 minutes after it departed Kubwa station in Abuja. “Passengers are currently stranded as there are no signs of authorities being notified,” the passenger said. This is the second time in two weeks that the train has run off its tracks. On May 26, a train that departed…

The Federal High Court sitting in Lagos on Wednesday, 5 June, 2024, granted an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the embattled former CBN Governor, Godwin Emefiele. Justice Chukwujekwu Aneke made the order sequel to a motion ex parte filed and argued by the counsel to the EFCC, Senior Advocate of Nigeria, Rotimi Oyedepo, who led Bilkisu Buhari-Bala and Chineye Okezie in the proceedings. The court ordered the interim forfeiture of the properties to the Federal Government. Oyedepo informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the…

Medical sources in the Palestinian territory has claimed that Israeli airstrikes attack on central Gaza killed at least 62 people including women and children, just as the Israel Defence Forces (IDF) said they were investigating. Earlier, the IDF said it began targeted operations in al-Bureij in central Gaza and areas in the east of Deir al-Balah on Tuesday, 4 June, 2024. The IDF carried out airstrikes targeting military compounds and Hamas weapons depots, as well as underground infrastructure belonging to Palestinian Islamist group Hamas. “Several Hamas terrorists were eliminated in the attacks,’’ the IDF said. Israeli soldiers had previously been deployed…

The National Institute for Educational Planning and Administration (NIEPA-NIGERIA) has expressed great worry over a recent report indicating that 70 per cent of children in Nigeria cannot read with meaning or solve simple mathematical problems. The finding was part of the Nigeria Measuring of Learning Achievement report which highlighted significant deficiencies in the country’s education system. Director General of NIEPA, Dr David Shofoyeke, made this disclosure while opening a seven-day training workshop for 60 head teachers, education officers and principals on effective school management in the 21st Century for the North West. Represented by Dr Grace Tolulope, Dr Shofoyeke emphasised that…

By Abimbola Ogunnaike Assistant Inspector General of Police, Yetunde Longe, has made history by becoming the first female Force Secretary. Longe was appointed into that position by the Inspector-General of Police, Kayode Egbetokun, The Force Public Relations Officer, Olumuyiwa Adejobi, confirmed the appointment of Longe through a statement issued on Wednesday, 5 June, 2024. Adejobi said the appointment was in furtherance of the vision to ensure gender inclusivity and equality in all aspects of appointments and operations within the Nigeria Police Force. According to the force image-maker, Longe brings a wealth of experience and expertise to her new role and has demonstrated…

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has charged the National Youth Council of Nigeria, NYCN, to brace up to the challenge of fighting economic and financial crimes and other acts of corruption in the overall interests of the nation and their future. He made the call in Abuja on Wednesday June 5, 2024 while receiving a delegation of the Council that paid him a courtesy visit at the headquarters of the Commission. According to him, reform-minded youths should no longer wait until the deleterious effects of corruption form brick walls against their future. …

Director-General of the Oyo State Agribusiness Development Agency (OYSADA) and Executive Adviser on Agribusiness to Governor ‘Seyi Makinde, Dr Debo Akande, has stated that a French firm, SEMMARIS-Rungis International Market, is set to support the establishment of an international wholesale agribusiness market in the state. Akande stated this on Wednesday, when a delegation of the firm, including its Head of International Projects, Timothée Witkowski and Consultant-Market Specialist, Steve Allen, paid a courtesy visit to the governor in Ibadan. According to the OYSADA DG, the investors plan to complement the Makinde administration’s efforts in the agribusiness sector with the establishment of…

The African soccer governing council, Confederation of African Football (CAF) has disclosed that 2025 Africa Cup of Nations (AFCON), scheduled to take place in Morocco will now be take place in January 2026. The tournament will be delayed by six months, as it clashes with the expanded 32-team Club World Cup. The soccer competition was originally scheduled to take place in June, but the Club World Cup is set to be played in the United States from June 15 to July 13. CAF’s General Secretary, Veron Mosengo-Omba, who made this disclosure during an interview with BBC, said that the AFCON…

Borno State Government has said over 100 schools were built in the last five years by the present administration of Governor Babagana Zulum. The state Commissioner for Education, Science, Technology and Innovation, Engineer Lawan Wakilbe said this during the inauguration of six newly built schools by the state Governor. He said: “The state government has since 2019 under the Zulum led administration built over one hundred schools to provide access to quality education for Borno children. Wakilbe assured of continued unwavering commitment towards the revamping of the education sector in Borno State. Zulum during the commissioning said it was part…

Indian Prime Minister Narendra Modi on Wednesday, 5 June, 2024 tendered his resignation to the country’s President Droupadi Murmu, after his cabinet recommended the dissolution of the lower house of parliament Lok Sabha. Murmu accepted the resignation of Modi and the council of ministers, requesting Modi to act as the prime minister till the new government is formed, an official of the President’s House said. Modi’s resignation was a part of the protocol followed before the formation of the next government in the country. The Election Commission of India released the official data on its website early Wednesday, suggesting that…

Benue State Governor , Hyacinth Alia has clarified that there are no plans by his administration to repeal the state’s anti-open grazing law, dispelling rumours circulating in some quarters. Through a statement issued by his Technical Adviser on Media, Publicity and Strategic Communication, Solomon Iorpev, Alia stressed that the anti-open grazing law would instead be strengthened for better implementation. The statement was in response to allegations by the Peoples Democratic Party (PDP) that his government was considering repealing the law. The statement reads in part: “There is no plan by this administration whatsoever, no matter how remote, to repeal the…

The House of Representatives has condemned organised labour, comprising the Nigeria Labour Congress(NLC) and Trade Union Congress,(TUC) for feeding the public about what it described as “fake earnings” of its members. It said that the attempt was made to stoke public resentment against the lawmakers and undermine the credibility of the legislature. It warned that such acts could stoke public resentment against lawmakers and undermine the legislature’s credibility, calling for the actors sabotaging the nation’s economy to be brought to justice. made this known in a statement signed by The House Spokesperson, Akin Rotimi, stated this through a statement issued…