Author: Olamilekan Botti

After a volatile session on Friday, the benchmark indices, Sensex and Nifty, ended with gains of nearly 1 per cent, concluding a winning streak of four consecutive weeks the longest such streak since July this year. The Sensex, after plunging 1,207 points, managed to stage a robust recovery to end the session up 843 points, or 1.04 per cent, at 82,133. The Nifty 50 also posted a gain of 220 points, or 0.9 per cent, closing at 24,768. This recovery was driven by strong performances from major stocks, especially Bharti Airtel, which was the top contributor to the Sensex’s gains. Bharti Airtel’s…

In a major development for the global aerospace and defense industry, the United Kingdom, Italy, and Japan have announced the launch of a groundbreaking joint venture aimed at creating a next-generation supersonic fighter jet. The advanced aircraft is set to replace the Eurofighter Typhoon, one of the most prominent combat jets in the world, by 2035. The venture brings together three industry leaders Britain’s BAE Systems, Italy’s Leonardo, and Japan’s Aircraft Industrial Enhancement Co. Limited (JAIEC) with each partner holding an equal 33.3% stake in the new project. The formation of this joint venture is a strategic collaboration that is…

Filmmaker and Award-winning actress Funke Akindele made a video about the rampant piracy plaguing Nigeria’s film industry. With her latest movie, Everybody Loves Jenifa, set to premiere on December 13, Funke Akindele made a passionate appeal to her fans to avoid engaging in piracy. Posting to her social media handles on Wednesday, she stated that recording videos in cinemas is piracy and significantly harms the industry. She highlighted the hard work and financial investment that went into the production and warned that anyone caught recording during screenings would be arrested. “Say no to piracy! Recording short videos at the cinemas…

A Kano State High Court has scheduled February 13, 2025, to hear all pending preliminary objections in the high-profile case involving alleged bribery and misappropriation of funds levelled against the National Chairman of the All Progressives Congress (APC), Dr Abdullahi Ganduje, and seven other defendants. The case, filed by the Kano State government, includes an eight-count charge accusing Ganduje, his wife Hafsat Umar, and others of bribery, misappropriation, and the illegal diversion of public funds amounting to billions of naira. Other defendants named in the suit are Abubakar Bawuro, Umar Abdullahi Umar, Jibrilla Muhammad, Lamash Properties Limited, Safari Textiles Limited,…

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Wednesday, received a delegation from the National Union of Road Transport Workers (NURTW) at his office in Abuja. Leading the delegation was the NURTW National President, accompanied by senior union officials, including National Secretary Kayode Agbeyangi and Sulaimon Ojora, also known as Kudeleti. Ojora serves as the Lagos State Council Treasurer and Chief of Staff to the National President. The National President of the National Union of Road Transport Workers, Alhaji Musiliu Akinsanya, popularly known as MC Oluomo, paid a courtesy visit on In the statement, MC Oluomo wrote: “Today,…

Mrs. Bamidele Abiodun, has called for enhanced support, care, and justice for victims of gender-based violence. She emphasized the urgent need to create a safe and supportive environment where survivors can access justice and necessary care to rebuild their lives. Mrs Abiodun expressed her support for the Ogun State government’s ongoing efforts to combat gender-based violence through initiatives such as the World Bank-supported Ogun State Economic Transformation Project. One of the key milestones of this initiative is the establishment of a Sexual Assault Referral Centre (SARC) in Ijebu Ode, which aims to provide comprehensive care and support for survivors of…

University of Ilesa, Osun, have issued a directive to staff members, instructing them to prevent any student dressed improperly from attending lectures or accessing university offices. This new policy aims to uphold the institution’s standards of decorum and discipline, ensuring that students adhere to the university’s dress code and maintain a respectful environment on campus. The announcement was made by the Vice Chancellor of the university, Prof. Taiwo Asaolu, during his address at the institution’s second matriculation ceremony held on Wednesday. The ceremony welcomed newly admitted students for the 2024/2025 academic session at the university’s Ilesa campus. Prof. Asaolu used…

The Governor of Oyo State, Mr. Seyi Makinde, has given his approval for the release of ₦214.15 million to fund the reconstruction of the official residence of the state’s Head of Service. This long-abandoned project is set to be completed within six months, marking a significant step in the revitalization of infrastructure for the state’s civil service leadership. This development was revealed on Wednesday through an official statement issued by the Commissioner for Information and Orientation, Prince Dotun Oyelade. The announcement followed the conclusion of the 14th State Executive Council meeting, which took place on Tuesday. According to Prince Oyelade,…

The strike led by the Nigeria Labour Congress (NLC) in the Federal Capital Territory (FCT) has stretched into its 11th day, with negotiations between labour unions and Area Council Chairmen deadlocked. The dispute centres on the timeline for implementing the N70,000 minimum wage. On Tuesday, Abdullahi Kabir, the FCT Chairman of the Nigerian Union of Local Government Employees (NULGE), provided updates on the ongoing discussions. According to Kabir, the Area Council Chairmen have proposed implementing the new minimum wage in January 2025. However, this suggestion was firmly rejected by the unions, which are insisting on a December 2024 start date.…

The Anambra State Police Command has apprehended a 42-year-old man, Friday Emenike, also known by the alias “Ekpo,” for allegedly renting firearms to criminals for illegal activities. This arrest highlights a significant step in the fight against crime within the state. According to a statement issued by the Police Public Relations Officer, Tochukwu Ikenga, the suspect hails from the Izzi Local Government Area of Ebonyi State. Emenike was taken into custody by operatives of the Anambra State Police Command following credible intelligence linking him to the illegal provision of weapons to criminal elements operating in and around Awka, the state…