Remi Babalola resigns as First Bank Chairman after Otedola increased shares

Femi Otedola’s increased shares in First Bank Holding may have contributed to the resignation of Remi Babalola as Chairman. Babalola quit from his position as the current chairman of FBN Holdings, owners of First Bank on Friday December, 16 2021, a Nairametrics report says. The resignation is yet to be confirmed by the bank or the Nigerian Stock Exchange but analysts believe Otedola’s influence is responsible for Babalola throwing in the towel early after he was appointed by CBN governor, Godwin Emefiele in April 2021. Emefiele announced Mr. Babalola as Chairman of the…

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Stock Exchange to roll out derivatives on major stocks

The Nigerian Exchange (NGX) is concluding arrangements to roll out its first set of derivatives on its largest stocks in a move expected to deepen the stock market and provide investors with new investment instruments A report from the NGX indicated that the NGX will launch its Exchange Traded Derivatives (ETDs) segment with the rollout of the seven derivatives recently approved by the Securities and Exchange Commission (SEC). The seven derivatives contracts include Access Bank Plc Stock Futures, Dangote Cement Plc Stock Futures, Guaranty Trust Bank Plc Stock Futures, MTN…

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Mo Abudu makes Forbes list of world’s 100 most powerful women

EbonyLife Chief Executive Office, Mo Abudu, has been named one of the world’s 100 Most Powerful Women by Forbes magazine, the world’s most authoritative source on business and finance. She placed 98 on the list, joining a select group of women of colour led by US Vice-President Kamala Harris (no. 2), and including billionaires Oprah Winfrey (no. 23) and Rihanna (no. 68), entertainer Beyoncé Knowles (no. 76), filmmaker Ava DuVernay (no. 80), and tennis star Serena Williams (no. 85). The only other African women on the list are Ngozi Okonjo-Iweala, Director-General of the WTO…

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Every artist wants to be like Wizkid -Samklef

Music producer-cum-singer, Samuel Oguachuba, aka Samklef, has said other artists want to be like Wizkid. While revealing that Starboy is his favourite artist, the “Molowo Noni” singer said Big Wiz is fearless and a pace setter. “My favourite till date is still Wizkidayo. He no dey fear. He dey create patern others dey follow. “Every artist wants to be like Wizkidayo,” he wrote. Samklef produced a large portion of Wizkid’s widely acclaimed album Superstar, thereby contributing to the success of the album.

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I will return to farming after leaving office -Buhari

Major General Muhammad Bukhari (retired) confirmed his desire to return to agriculture after the end of his term in 2023. Buhari announced this in Turkey, where he is celebrating his 79th birthday which coincides with his participation in the Turkey-Africa Partnership Summit hosted by Turkish President Recep Tayyip Erdogan. In a statement signed by Garba Shekho, the chief special assistant to the president for media and publicity. The President expressed his appreciation to the Guard Brigade, who presented a parade in celebration of his birthday. He also expressed his willingness…

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Disaster Averted as Landing Plane Narrowly Misses Moving Car on MM2 Runway

A major air accident was averted on Wednesday as a Max Air plane, which landed on the 18 liter runway at Lagos Airport, almost collided with a malfunctioning vehicle that was being tested on the runway. Aviation sources revealed that a truck belonging to the Federal Airports Authority of Nigeria Civil Administration had developed a fault, and officials had to call in an auto technician from outside the airport to fix it. The source further said that FAAN workers have resorted to bringing in a technician from the city because…

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Engr. Funmi Ayinke Honoured with Woman of the Year Award

It was another night of glory for Engr. Amb. Dr. Fumilayo Ayinke Waheed – Adekojo as she bagged the ‘Woman of the Year’ Award. Nigeria News honoured Engr. Funmi Waheed-Adekojo Funmilayo with the award of excellence in Abuja. The event  which was held Thursday, 16th of December 2021 at the NAF Conference Centre in the nation’s capital city, had in attendance dignitaries such as the the Governor of Yobe State, His Excellency Mai Mala Buni;  Senator Ayim Pius Ayim, the Former Senate President and Secretary of Government of Federation; The Governor of Kogi State, His…

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Julius Berger Delivers Top-Notch Infrastructural Projects To Rivers State

Rivers State Governor Nisom Wake described the work of Julius Berger Nigeria Plc as an enviable standard of engineering proficiency, strong technical ability, and a firm commitment to delivering excellent and lasting quality. Governor Wike said this with gusto in Port Harcourt last week as newly constructed and rehabilitated bridges and roads began to operate amidst their pomp and grandeur. This was just as Julius Berger Nigeria PLC Managing Director, Dr Lars Richter expressed the company’s appreciation to the state government and people for trusting the company as a project…

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How to Spoof an Entire Career: The Curious Story of Kemi Olunloyo -by David Hundeyin

A middle-aged Nigerian woman was deported from Canada in 2012. What happened next illustrates how far tall tales and sheer audacity can take one in Africa’s largest country. David HundeyinDec 16 “This is the Facebook fan page of Ms Olukemi Omololu-Olunloyo aka Snitchlady. It’s either you call my whole name or it’s MsKemi or Snitchlady, a Music Industry Executive in Music Journalism and Publicity. SNITCHLADY aka “Mskemi” Ms Olukemi Omololu-Olunloyo is a Publicist, Journalist and retired Pharmacist and the CEO of Keminications Media and PR and the Kay Jeezy Kids…

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APC’s Circle of Doom and Bisi Akande’s Day Dream of a Washed Out Politrickcian – By Dare Adeleke

It is totally evil for a political party which has brought untold sufferings to Nigerians to continue to spite the people by throwing mud in their faces. 15 million Nigerians have now realised their tomfoolery in ushering in the Pandora’s Box called APC. Alas the Pandora Box has opened and all sorts of monsters have crawled out to torment and unleash untold sufferings on Nigerians. Indeed, since the APC took over the reins of power in 2015, Nigerians have come to know the real meaning of tyranny, depravation and excruciating…

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