Tantalizers Plc successfully completed a private placement, raising approximately N1.07 billion to support its restructuring efforts. Despite facing challenges with negative retained earnings and consecutive losses, the injection of fresh capital is expected to provide a much-needed boost. During the private placement, the company offered 1,788,372,094 ordinary shares at N0.60 each, achieving full subscription. Iron Global Markets Ltd acted as the sole issuing house for the transaction, with indications pointing to a single institutional investor acquiring all offered shares. The company’s fin ..read more

The newly appointed Speaker of the Rivers State House of Assembly, Victor Oko, has affirmed his allegiance to Governor Sim Fubara, emphasizing collaboration between the assembly and the people of the state. Oko, addressing reporters in Port Harcourt after his inauguration, pledged transparency and inclusivity in the assembly’s operations, ensuring public engagement and communication of proceedings. He directed the assembly’s Clerk to inform the governor of the leadership change and expressed readiness to serve the people of Rivers State under his leadership. Oko, known for his loyalty to Fubar ..read more

In memory of the AFCON ’80 heroes: Best Ogedegbe: Remembered for his confidence and skill both as a goalkeeper and field player. Emmanuel Okala: Known as ‘Man Mountain,’ his imposing presence in goal was unmatched. David Adiele: Now living in Houston, Texas, he still carries his enigmatic streetwise aura. Johnny Orlando: A mystery how he made it to the Nigerian team, but his performance was undeniable. Sylvanus Okpala: Dubbed ‘Quick Silver,’ his versatility and confidence made him stand out. Okey Isima: Passed away, his switch from attacking midfield to left back remains a puzzle. Mudashiru B ..read more

The Nigeria Labour Congress (NLC) has labeled the proposed cybersecurity levy by the Central Bank of Nigeria (CBN) on all electronic transactions as yet another financial strain on Nigerians. As per a circular sent to various financial institutions, including commercial, merchant, non-interest, and payment service banks, the CBN announced that the levy would be implemented within two weeks from May 6. This move has ignited widespread disapproval among Nigerians and civil society groups. NLC President Joe Ajaero rebuked the policy, highlighting its direct impact on workers’ disposable income an ..read more

Wayve, a driverless car start-up, has secured a staggering $1 billion investment from tech giants SoftBank, Nvidia, and Microsoft, aiming to accelerate the commercialization of its products. Founded by 31-year-old CEO Alex Kendall in 2017, Wayve initially took root in a humble garage in Cambridge. Kendall’s visionary leadership has propelled Wayve into the spotlight, with his stake in the company estimated at £420 million, solidifying his status among the UK’s top tech founders. His ambition to revolutionize autonomous mobility through embodied intelligence has garnered recognition, stemming f ..read more

The Speaker of the Edo State House of Assembly, Blessing Agbebaku, has suspended three lawmakers over allegations of an impeachment plot against him and other Principal Officers Council (POC) members. The suspended lawmakers include Donald Okogbe, Bright Iyamu, and Adeh Isibor. Agbebaku claimed that the suspended members were backed by external forces aiming to disrupt the house’s leadership. He also accused individuals of bringing native doctors into the assembly complex to perform rituals. During the session, the suspended lawmakers protested the unilateral suspension, demanding a vote on th ..read more

The Lagos State Government has announced plans to remove over 100 shanties under Adeniji Adele Bridge, citing unsightly conditions and criminal activity. The operation, set to begin on Monday, follows a 48-hour notice given to occupants to vacate the premises. Similar actions have already occurred in other parts of Lagos, including Ijora, Apongbon, Obalende, and Dolphin. Commissioner Tokunbo Wahab emphasized the government’s commitment to reclaiming ungoverned spaces, stating that the shanties present a distorted image of Lagos. He also addressed concerns regarding property removal in Mende, M ..read more

By John Adiasi YOKOHAMA, Japan – It was a moment of pure joy and unity as West African athletes celebrated together on the track at the World Relays, having all secured their spots in the 4x100m event at the upcoming Paris Olympic Games. The Nigerian, Ghanaian, and Liberian teams put on a display of camaraderie and sportsmanship that captivated the audience, showcasing the spirit of African athletics on the global stage. The Nigerian women’s 4x100m squad of Tianna Eyakpobeyan, Favour Ofili, Olayinka Olajide, and Tima Godbless kicked things off, winning their Olympic Round 2 heat in a Season’s ..read more

Edo State Governor swears in new Honourable Judges The Edo State Governor Godwin Nogheghase Obaseki on Friday 3rd May 2024 swore in new Honourable Judges into the Edo State Judiciary. Hon. Justice Osayande Hon. Justice Oniha Hon. Justice Otamere. Hon. Justice Obayuwana Hon. Justice Okon ..read more

A portion of Ilepo Market in Oke Odo, Lagos State, was engulfed in flames following a clash between hoodlums and traders over disputed betting winnings. Witnesses reported that the conflict began on Wednesday evening and intensified the next day, prompting police intervention to restore order. According to accounts, the dispute originated when a trader won ₦13,000 in a bet but received only ₦11,000, sparking tension over the withheld ₦2,000. Exploiting the chaos, nearby hoodlums seized the opportunity to loot shops and set fire to property, resulting in substantial financial losses for the mar ..read more