Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, 26 January, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,964 Ordinary Shares of 50k each at N36.00 per share and Public Offer of 2,767,251,036 Ordinary Shares of 50k each at N36.50 per share. The Public…
Author: Abimbola Ogunaike
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Nigeria’s investment seeking delegation to China has concluded its visit to China with bags of goodies which include securing landmark agreements with top Chinese firms, paving the way for significant investments in critical sectors of the nation’s economy. The Nigeria-China Strategic Partnership (NCSP) undertook the tour of China to achieve the present administration’s plan to revitalize the economy. The NCSP, led by Director-General Joseph Tegbe, which has concluded its trip to China, where they reached agreement with a number of Chinese companies, including with Chilwee Group, China Communications Construction Company (CCCC), China Electronic Corporation, China Harbor Engineering Company, Huawei, and…
The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has appealed to the North East Development Commission (NEDC) to continue its commendable initiatives aimed at advancing the livestock sector and fostering general development in the region. KACRAN, which was established with the aim of minimizing conflicts between herders and farmers, and dedicated to promoting peace and unity across Nigeria, striving to protect the interests of Nigeria’s pastoralists, who often face challenges in accessing social services due to their nomadic lifestyle. The association also advocate for the inclusion of pastoralists in government policies and programmes, ensuring they benefit from the nation’s…
A 2.5 million egg per-day production poultry farm is to be built in Nigeria by the China Communications Construction Company (CCCC). This is one of the major highlights of the ongoing visit led by the Director-General of the NCSP, Joseph Tegbe to China. According to a statement on Monday, the delegation presently in China to attract investment to Nigeria scored a significant mileage during a visit to the China Communications Construction Company (CCCC) Headquarters, where they explored opportunities for replicating a 2.5 million eggs-per-day production poultry farm in Nigeria using innovative funding models. The statement read: “The Nigeria-China Strategic Partnership…
Departing Spanish Ambassador to Nigeria, Juan Sell, has said Nigeria is a country of great potential that owns the future. Sell gave this description during his sent-forth party at the Embassy of Spain in Abuja. The envoy said Nigeria, “What a potential! You own the future. It is only a matter of bringing that future to the present. “Of course, there are challenges. I have not met in these years a single Nigerian that would not come with his or her own list of proposals. And this is very good. My admiration always goes to Nations that are never satisfied…
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a consignment of Loud, a synthetic strain of cannabis, concealed in duvet, packaged for export to the United Kingdom through the cargo shed of the Murtala Muhammed International Airport, Lagos. The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday said two suspects: Adakole Sunday and Austin Balogun linked to the bid to export the consignment to the UK were promptly arrested following the discovery by NDLEA officers last Tuesday, adding that six parcels of the psychoactive substance with a gross weight of 3.5 kilogrammes were…
Kwara State Governor, AbdulRahman AbdulRazaq, and prominent Islamic scholars from within and outside the country are expected on Sunday, February 2, 2025, to attend the 11th Mawlid Anniversary of Maolana Sheikh Ibrahim Abdullahi NYAS. The Mawlid organised by NURUL FAYDA Tijanniya Group Tsaragi Emirates, Edu LGA of Kwara State, will commence with Zikiri Haylala Jumaat on 31st of January, follow by National zikiri night on February 1st and Maulod proper on February 2nd at Tsaragi Secondary School in Edu local government, Kwara State. The Annual Maolud will attract joint Mukadams and Muridis of Tijjanniyat Tsaragi Emirates and guests from different…
The Minister of Solid Minerals Development, Dr. Dele Alake has assured Nigerians that the establishment of the Nigeria Solid Minerals Corporation will significantly transform the mining sector and lay the foundation for its sustainable development. Speaking on Monday, 27 January, 2025, while receiving the British Deputy High Commissioner to Nigeria, HE Jonny Baxter, in his office, Alake disclosed that initial set up of the new corporation will be driven by the Ministry of Finance Incorporation (MOFI), with the structure patterned after the Nigeria Liquefied Natural Gas (NLNG) model. “The Solid Minerals Corporation will be an enduring legacy. No future government…
The trial of former Minister of Aviation, Hadi Sirika, continued on Monday, 27 January 2025, with the Fifth Prosecution Witness, PW5, Musa Odiniyan informing Justice S. C. Oriji of the Federal Capital Territory, FCT, High Court that the company, Al Buraq Global Investment was not qualified for the contract awarded for the repairs of Katsina Airport by the ministry under the leadership of the first defendant. The Economic and Financial Crimes Commission, EFCC is prosecuting Sirika and three others: Fatima Hadi Sirika, Jalal Sule Hamma and Al Buraq Global Investment on six -count amended charges bordering on contract fraud to the tune of N2.825 billion. The witness, during a cross-examination by counsel to…
By Abimbola Ogunnaike Kemi Adebayo, a house wife stood in front a food stuff seller’s shop in Iyana –Ipaja market in Lagos State on Saturday, 25 January , 2025. Adebayo, a mother of three, was in the market to buy rice, beans and garri. To her surprise, her budget of N30, 000 for the purchase of these items could not cover all of them. She lamented to thegazellenews.com that the prices of the food items are beyond her reach. “You can see that the amount cannot even buy a quarter of all these items because they are too expensive. What…