Nine royal families which were excluded from the selection process of a new Alaafin have protested their exclusion from the process. The excluded royal families insist they are also entitled to the new seat. The Alaafin of Oyo stool became vacant as a result of the death of the 45th Alaafin, Oba Lamidi Atanda Olayiwola…
The majority shareholder of Geregu Power Plc, Femi Otedola, has sold over 2.8 million units of his shares in the power generation company, it was learnt. According to a corporate filing on the Nigerian Exchange Limited on Wednesday, Otedola offloaded the shares in transactions that took place on Monday and Tuesday. Otedola sold a tranche…
The Central Bank of Nigeria, CBN, has clarified that the Bank Verification Number, BVN, has no expiry date. CBN’s spokesman, Dr. Isa AbdulMumin, made the clarification in a statement last night. He was reacting to media reports that the BVN expires after 10 years. He said: “The attention of the CBN has been drawn to…
The Central Bank of Nigeria (CBN), has issued approved guidelines for the regulation of representative offices of foreign banks in Nigeria. This, it said, is in furtherance of the bank’s mandate to promote financial system stability. According to a statement obtained from CBN’s website, the Guidelines for the Regulation of Representative Offices of Foreign Banks…
The Ooni of Ife, Oba Adeyeye Ogunwusi, and ex-National Commissioner of the Independent National Electoral Commission, Prof. Lai Olurode, on Wednesday, congratulated Osun State Governor, Ademola Adeleke, on his victory at the Supreme Court which affirmed his election. A congratulatory statement signed by Ooni’s spokesperson, Moses Olafare, then urged Adeleke to develop a robust partnership…
The President-elect Bola Tinubu, on Wednesday, afternoon left Nigeria for Europe to avoid unnecessary pressures and distractions while he fine tunes transition plans and programmes, and also his policy options with some of his key aides. A statement signed by his media aide, Tunde Rahman, said the President-elect would also spend his stay in Europe…
Osun State office of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, on Wednesday, said it shut as many as 75 filling stations for various infractions in the state within one month. NMDPRA State Coordinator, Mr Kunle Adeyemo, who disclosed this while speaking with journalists on Wednesday on the activities of the agency in the…
Rapper Folarin Falana also known as Falz on Wednesday revealed that he had to undergo surgery to repair a major injury on his leg. Falz, in a video shared on his Instagram, revealed that the surgery, which took place on May 2, 2023, was to repair his torn Anterior Cruciate Ligament, an injury he had…
The Osun Police Command has arrested two suspects for stealing of 15 she-goats and one Lexus RX 300 jeep. The suspects; Naheem Segun, 46 and Suraju Isiaka, 33, were arrested for conspiracy, stealing and unlawful possession of 15 she-goats and one Lexus RX 300 jeep with registration no LSR 194 HE. In a release made…
The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, has condemned social media attacks on the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, and other individuals. Obi said that his supporters, popularly known as Obidients, were law-abiding citizens, noting that the opposition parties deploy such…
