News

News

MTN Nigeria raises N75.18 billion in oversubscribed commercial paper issuance

MTN Nigeria Communications PLC has formally notified the Nigerian Exchange (NGX) and the investing public of the successful completion of its Series 11 and Series 12 commercial paper issuances, raising…

AyobamiBlog November 19, 2024

News

Indian’s Prime Minister honoured with Nigeria’s 2nd highest National award

Nigeria has conferred its second-highest national honour, the Grand Commander of the Order of the Niger (GCON), on Indian Prime Minister Narendra Modi. The award, presented by President Bola Ahmed…

AyobamiBlog November 17, 2024

News

Lagos govt seals Ikeja GRA restaurant for loud music, infractions

The Lagos State Government has sealed Ile Iyan, a popular restaurant offering Nigerian dishes in Ikeja GRA, over allegations of noise pollution and environmental infractions. Officials from the Lagos State…

AyobamiBlog November 16, 2024

News

Deji Adeyanju Blasts FCT Minister Wike: Stop Grabbing People’s Land

Human rights lawyer, Deji Adeyanju, has slammed the Minister of Federal Capital Territory (FCT), Nyesom Wike, asking him to “stop grabbing people’s land” and giving them to his cronies. Adeyanju…

AyobamiBlog November 16, 2024

News

Nigeria plans to issue $1.7 billion Eurobond to fund 2024 budget

The Federal Government has announced plans to raise approximately $1.7 billion through the issuance of Eurobonds to help finance the revenue shortfalls of the 2024 budget. The Minister of Finance…

AyobamiBlog November 15, 2024

News

Lagos govt revokes state-allocated housing units left vacant for more than two years

The Lagos State Government has announced the revocation of state-allocated housing units left unoccupied for over two years. This decision is part of efforts to ensure equitable distribution of housing…

AyobamiBlog November 14, 2024

Gist

NNPC signs 10 years deal to supply gas to Dangote Refinery to boost local production  

The Nigerian National Petroleum Company (NNPC) Limited has signed a 10-year gas supply agreement with Dangote Refinery, marking a significant boost for local production and industrial growth in Nigeria. The…

AyobamiBlog November 14, 2024

News

EFCC linked frequent national grid collapse to corrupt contractors in power sector

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has attributed the frequent collapse of Nigeria’s national grid to corrupt practices by contractors. Olukoyede made…

AyobamiBlog November 13, 2024

Entertainment

MultiChoice Nigeria Loses 243,000 DStv, Gotv, Subscribers In Six Months Over Inflation, Price Hikes

MultiChoice attributed this decline to Nigeria’s high inflation rate, which exceeds 30%, driven by the rising costs of food, electricity, and fuel, causing many customers to disconnect. The South African…

AyobamiBlog November 13, 2024

News

Lagos State requires $14bn to $33bn investment to meet energy needs

The Lagos State Government has projected an investment requirement of $14 billion to $33 billion to address its energy generation needs by 2030. This was disclosed by Mr. Kamaldeen Balogun,…

AyobamiBlog November 12, 2024