Author: Khadijah Olowode

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and marketleadership in spite of the challenging macroeconomic environment. According to the Bank’s unaudited third-quarter financial results presented to the NigerianExchange (NGX), the triple-digit growth in the topline also led to an increase in the bottom line,as the Group recorded a 99% Year on Year (YoY) increase in profit before tax, growing fromN505 billion in Q3 2023 to N1.0 trillion…

Suave, young billionaire behind Sujimoto Homes, Sijibomi Ogundele, has had himself embroiled in a fraud case! The high-profile businessman was recently detained at the Force Criminal Investigations Department (FCID) in Abuja but has since been released on bail. The drama unfolded after a petition from human rights lawyer, Pelumi Olajengbesi accused Ogundele of fraudulently taking a staggering $325,000 from one Kabiru Ibrahim. The matter dated back to November 5, 2020, when Ogundele allegedly convinced Ibrahim to make a hefty down payment for what was promised to be a luxurious three-bedroom flat in the upscale Leonardo estate—a property that was supposedly…

By Enejo Shaibu Mr. Olanipekun Olukoyede was appointed Chairman of the Economic and Financial Crimes Commission (EFCC) by President Bola Ahmed Tinubu on October 12, 2023. This month marks one year since he assumed leadership of Nigeria’s most frequently scrutinised agency. Since its inception, the EFCC has never faced such intense backlash. The unprecedented level of resistance to the EFCC’s efforts reflects both the deep entrenchment of corruption and the boldness of those facing accusations. The EFCC’s first chairman, Nuhu Ribadu when the commission was created in 2003, took on corruption with unrelenting dedication, often focusing on the political elite,…

Lagos State House of Assembly has decried the absence of power supply to communities within the Badagry West Constituency I since 4 years ago as well as other parts of the country. Badagry West hosted 2 international border Seme and Owode which serve as gateway to Lagos State and ECOWAS corridor. The Speaker of the House, Rt. Hon. (Dr) Mudashiru Obasa, directed the Assembly’s Committee on Energy and Mineral Resources to investigate the issue surrounding the power outage and report back in one week. The decision of the Speaker followed a ‘Matter of Urgent Public Importance’ raised by Hon. Bonu…

As parts of efforts to deepens teachers knowledge in a technologically driven environment, the Teaching Service Commission today flagged off a two-day capacity building workshop at Owutu, Ikorodu. Speaking at the opening ceremony of the workshop, the Chairman Teaching Service Commission, Mrs. Victoria Mopelola Peregrino, implored the participants to be ready to invest in themselves in this changing technological system if they must remain relevant in the new world order. She noted that the teaching world has reach a great milestone that has never been achieved in history with the advent of technological innovations and emergence of digital platforms. Mrs.…

BUA Foods Plc, makers of BUA Sugar, BUA Rice, IRS Flour, IRS Pasta, and IRS Semolina, has released its unaudited financial results for the nine months ended September 2024, marking a year-on-year performance leap.The company’s revenue for the nine months grew by 104% to N1.07 Trillion, a significant jump from the N524.42 billion reported in the same period last year. Gross profit surged by 82%, hitting N333.82 billion compared to N183.78 billion in 9M of 2023, further consolidating the company’s standing in Nigeria’s food manufacturing industry. Its profit after tax increased by 91% to hit N201.38 billion, rising from N105.61…

The Minister of Power, Chief Adebayo Adelabu, has attributed the current blackout in the northern part of the country to sabotage and vandalisation of the infrastructure of the ministry and not grid collapse. The Minister spoke on Tuesday, 29 October 2024, when he appeared before the Senate Committee on Power at the National Assembly in Abuja. He told the lawmakers that urgent measures must be taken to secure the nation’s assets from being ruined by bandits and terrorists. He also said that serious efforts are ongoing to restore electricity to the north and this would be achieved within 72 hours.…

The Federal Government has fulfilled its promise to restore power to the northern part of the country that has been in darkness for more than 10 days. Restoration was achieved on Wednesday, 30 October, 2024 as bulk power supply was restored through the 330kV Ugwuaji-Apir transmission line 1 as of 4:56pm, following the completion of repairs on the vandalized section of the line and in line with the Minister of Power, Chief Adebayo Adelabu’s promise that power would be restored within three days. He gave the promise on Tuesday while speaking with the Senate Committee on Power. The blackout which…

By Olanrewaju Fatunmbi Without being judgmental, it is now more understandable why genuine patriots in Ogun West will want Senator Solomon Olamilekan Adeola (aka Yayi) to throw his hat in the ring for the 2027 governorship election. They are sincerely and convincingly canvassing for him as the best option available among others to present to the State for the epic contest. In doing so, they are taking a cue from the wisdom of elders that often informs the common saying that “it is more humane to proceed from the known with caution than a giant stride into the unknown”. Arguably, Adeola…

Slippery forward Kparobo Arierhi netted a brace as champions Nigeria successfully defended their WAFU U20 title on Wednesday night after a 2-1 defeat of regional rivals Ghana in this year’s final in Lome. The Flying Eagles dominated large swatches of the encounter, but it turned out a game of two halves and Nigeria were imperious in the first half and Ghana turned on the heat in the second. Harcourt came up with a clever palm-down when the Ghanaians broke through from the left with a cross and a header in the 14th minute, and then punched the ball away after…

The Inspector-General of Police, Kayode Egbetokun, has ordered an investigation of the attacks on Ogbe-Ozoma Quarters of  Okpanam in Oshimili North Local Government Area of Delta State by suspected land grabbers. Consequently, he directed the Deputy Inspector-General of Police, Force Criminal Investigation Department, and Commissioner of Police, Delta State Police Command Headquarters to decisively investigate all criminal infractions committed against the community and consolidate all pending petitions. The elated indigenes of Ogbeozome Quarters of Okpanam made the submissions in a statement signed by Chief Felix Okafor, Sunday Nwanze, Lucky Abuah and Chinedu Ofuani for and on behalf of Oshimili North LGA of…

The Chairman of Odiolowo/Ojuwoye Local Council Development Area, Honourable Rasaq Olusola Ajala has inaugurated a block of offices rehabilitated by his administration at the Mushin General Hospital at Oliyide Street, Mushin. The building, Block D, was fully rehabilitated for the use of staff of the General Hospital. It was formerly in a state of dilapidation before the intervention of the Ajala administration. “We rehabilitated this block for the use of the staff of the Mushin General Hospital. It is our contribution to the improved welfare for staff, medical staff and patients at the hospital,” he said. Ajala also assured that…

Vanuatu, an island nation which comprises of 83 islands in the South Pacific ocean, about 800 kilometres west of Fiji and 1800 kilometres east of Australia, has reached out to IPADA Initiative, through its Trade Commission in Ghana. The Vanuatu Trade Commission in conjunction with the African Diaspora Central Bank (ADCB) has rolled out a mega support for IPADA Initiative that will see the contemporary knowledge of Al impacted to over 5 million Africans in the next one year. H. E. Amb. Prof. Dr. Hugh Aryee, Vanuatu Trade Commissioner to Ghana, while breaking this news via a letter written to…

The Nigerian Content Development and Monitoring Board (NCDMB) is gearing up to launch new Contracting Cycle Guidelines for the oil and gas industry in compliance with the Presidential Directives on Local Content announced by President Bola Ahmed Tinubu in March 2024 to accelerate oil and gas contract timelines, incentivize investments in the sector and increase Nigeria’s crude oil production. The Executive Secretary of the NCDMB, Engr Felix Omatsola Ogbe announced this at the two-day Contracting Cycle Guidelines Sensitization Workshop organized in Lagos by the Project Certification and Authorization Directorate (PCAD) of the Board for international and indigenous operating oil and…

President Bola Ahmed Tinubu, speaking Tuesday, 29 October, 2024 in Abuja, commended the Implementation Committee on the Naira-based sales of crude oil and refined products and asked the members to resolve any teething problems. In a review meeting at the State House, the President said that using the Naira was conceived to remove the exchange rate hurdle. “Whatever solution we proffer in crude oil and refined products sales in Naira should not take us back to our experience in the last 40 years. “There can be cost and revenue adjustment in the oil sector, but the issue is that the…

After spending 16 consecutive years in the Lagos State House of Assembly, ex-Lawmaker Rotimi Emmanuel Olowo is seeking to become the next Chairman of Somolu Local Government Area, thegazellenews.com can exclusively reveal. Olowo represented Somolu State Constituency I in the state Assembly between 2007 and 2023, spanning four terms and totalling a total of 16 years. Thegazellenews.com can also revealed that Olowo was Chairman of various committees consider as juicy when he was in the House such as Finance, Budget/Appropriation and Local Government Affairs committees. He left the House of Assembly in 2023 after failing to win the ticket for the All…

A landlord, identified as Obong Ete, whose house is on Waddel Street Calabar South of Cross River State, has been beaten to a state of coma by his tenants and neighbours for robbing them. The neighbourhood flogged the landlord with horse whips and canes; hit him with planks and severely beat him up. The incident happened on Sunday, 27 October, 2024 just when his tenants and other neighbours were about to depart for Sunday worship. Residents of the area complained that Obong Ete, in his 30s, a bachelor, was in the habit of terrorising them almost every night One of…

Gunmen on the evening of Sunday, 27 October, 2024 abducted Reverend Father Thomas Oyode, Rector of the Immaculate Conception Minor Seminary, Ivhianokpodi, Etsako East Local Government Area of Edo State. Following the abduction, the Catholic Diocese of Auchi is seeking the assistance of law enforcement agencies in securing the release of the priest. A statement by the Director of Communications of the diocese, Reverend Father Peter Egielewa on Monday, 28 October, 2024 disclosed that priests and seminarians of the Immaculate Conception Minor Seminary, Ivhianokpodi, were observing their evening prayers and benediction on the evening of Sunday, 27 0ctober, 2024 when…

Operatives of the Federal Capital Territory (FCT) Police Command arrested a lawmaker, Alex Mascot Ikwechegh for assaulting a driver in the nation’s capital. The FCT Police Public Relations Officer, Josephine Adeh, confirmed that Alex Mascot Ikwechegh “is at the Maitama Police Station undergoing questioning”. In a statement on Monday, 28 October, 2024,  the Command said the Bolt driver, Stephen Abuwatseya reported the matter to the Command. In a now-viral video, the House of Representatives member was seen slapping the Bolt driver. Ikwechegh represents Aba North & South Federal Constituency in the Green Chamber on the platform of the All Progressives Grand Alliance (APGA). Thegazellenews.com recalls…

The traditional ruler of Aguda in Ojodu Local Council Development Area of Lagos State, His Royal Majesty, Oba Akeem Agbaosi Ewe Obaja I has described the representative of Ikeja Federal Constituency in the House of Representatives, Honourable James Abiodun Faleke as a worthy representative who has committed himself to the improvement of residents of his constituency, reports thegazellenews.com The traditional ruler spoke on Sunday, 27 October 2024 during the grand finale of the 3-day free medical check-up programme facilitated by Honourable Faleke for residents of the constituency. The three-day event kicked off on Friday, 25 October 2024 at the palace of…