Investors at the moment are in a joyous moodas the Nigerian stock market, on Monday, 30 December, 2024 recorded a significant gain of N987 billion, or 0.99 percent, in a single day. This comes as investors’ interest in MTN Nigeria, BUA Foods, FBN Holdings, and other advanced equities were the primary drivers of the overall market’s upward performance. Accordingly, the market capitalisation added N987 billion, or 0.99 percent, to an opening of N61.912 trillion on Monday, to close at N62.899 trillion. The All-Share Index, which opened at 102,133.30, also advanced by 0.99 percent, or 1,016 points, to settle at 103,149.35.…
Author: Abimbola Ogunaike
Jigawa State House of Assembly has passed the 2025 Appropriation Bill of N698.3 billion. Thegazellenews.com recalls that Governor Malam Umar Namadi presented a total of N698.3 billion as the 2025 budget before the state House of Assembly. The budget tagged, “Budget of Innovation & Transformation for Greater Jigawa,” is higher than the previous year’s 2023 estimate of N383.55 by 82%. Chairman House committee on appropriation, Hon. Hamza Ibrahim, who said the amount presented remained unchanged, said the budget reports presented contained over 62 recommendations in which the lawmakers unanimously adopted the reports after the third reading. According to him, the…
Ogun State Governor, Prince Dapo Abiodun, has announced plans by his administration to construct a brand new Anthony Joshua Indoor Boxing Ring in the state. Governor Abiodun also announced that the two-time former world heavyweight boxing champion would be lighting the Gateway Games National Sports Festival torch, which has been postponed to May next year. The Governor made this known on Monday when he hosted the two-time world heavyweight boxing champion in his office. “I want to openly request that, besides the fact that today we are going to officially confirm you as our sports ambassador, we want to request…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited(NNPCL), Mele Kyari, has disclosed that the 125,000 barrels per day Warri Refining and Petrochemicals Company (WRPC) has commenced operations, thegazellenews.com reports. Kyari made this disclosure during a tour at the facility on Monday, 30 December, 2024. Thegazellenews.com recalls that the latest development is coming a month after the rehabilitation of the Port Harcourt refinery situated in Rivers State. Addressing the team during the tour of the facility began on Monday, Kyari said, “This plant is running. Although it is not 100 per cent complete, we are still in…
The Lagos State Government has filed an appeal before the Supreme Court against the Court of Appeal’s judgment that nullified sexual assault conviction of the Managing Director of Optimal Cancer Care Foundation, Dr. Femi Olaleye. Olaleye, a medical practitioner, was charged with child defilement and sexual assault by penetration and was convicted by the Lagos Special Offences and Domestic Violence Court in October 2023 and sentenced to life imprisonment. However, in November 2024, the Court of Appeal overturned the conviction, citing errors in the lower court’s judgment. The appellate court deemed the evidence provided by the prosecution to be “tainted”…
A Non-Governmental Organisation (NGO), Democracy And Good Government Watch Initiative, has commended the Director General of the Lagos State Sports Commission (LSSC), Mr Lekan Fatodu, for turning around the fortunes of the commission within few months of assuming office. This is contained in a statement entitled; “Lekan Fatodu Brilliance and Visionary Leadership of Transformation at Lagos State Sports Commission,” signed by Comrades Gbenga Soloki and Nelson Ekujumi on behalf of the Leadership, dated Monday, 30 December, 2024. The group stated that ever since his appointment as “the Director General of the Lagos State Sports Commission (LSSC), Mr Lekan Fatodu has…
We write this letter with a deep sense of urgency concerning the unravelling situation within the All Progressives Congress (APC) in Lagos State, a party that once stood as a beacon of hope for many but now appears to be embroiled in a chaotic struggle for power and relevance. The current state of affairs raises serious concerns not only about internal party dynamics but also about the very principles of democracy and governance that should guide us as a state. As we approach the crucial local elections, the impending battle between the Lagos State Government and the Lagos State House…
President Bola Ahmed Tinubu has extended his deepest condolences to the government and people of the United States of America on the passing of former President Jimmy Carter, who died at the age of 100. President Tinubu described the late President Carter, 39th President of the United States, as a beacon of service to humanity, demonstrating to leaders worldwide the profound impact of dedication beyond the highest office during his lifetime. “As a Nobel Peace Prize Laureate and global statesman, President Carter devoted his post-presidential life to the causes of peace, democracy, and the eradication of tropical diseases. His unwavering…
Former President of the United States of America, Jimmy Carter, is dead, reports thegazellenews.com Carter, who was the 39th President of the US died early hours of Sunday, 29 December, 2024 at the age of 100. As at the time of his death, thegazellenews.com can report that he was the oldest lived US President in history and the first to reach the age of 100. Born on October 1, 1924, James Earl Carter, he was an American politician who served as the 39th president of the United States, from 1977 to 1981. A member of the Democratic Party, he served…
The Vice-Chairman Federal Competition and Consumer Protection Commission, FCCPC Abuja Dear Sir SOS ON MASSIVE EXTORTION OF CUSTOMERS BY IKEJA ELECTRIC DISTRIBUTION COMPANY, IKEDC This is to formally alert and seek your urgent intervention on the rampaging extortion drive by the above mentioned company. As the sole supplier of electricity in Ikeja where I live in government quarters, IKEDC recently began to deactivate the UNISTAR PRE-PAID METERS SERVING RESIDENTS OF LASG QUARTERS at 47 Sobo Arobiodu Street, Ikeja GRA.. The deactivation continued after the Federal Competition and Consumer Protection Commission, FCCPC, warned IKEDC against activities on the UNISTAR meters.( https://guardian.ng/news/respect-directives-on-obsolete-meters-fccpc-warns-discos/;…