Diageo Plc, the UK-based majority owner of Guinness Nigeria, looks to be exiting Nigeria after selling its 58.02% stake to Tolaram Group, the consumer food giant. Tolaram paid ₦81.60 for those shares, implying around a 60% premium on Guinness Nigeria’s Monday closing price of ₦50. Diageo will retain ownership of the Guinness brand it will be licenced to Guinness
#June12 : Millions of Nigerians living in IDP, VP lives in N21B Mansion
Bola Ahmed Tinubu is set to address Nigerians tomorrow being the 12th day of June already earmarked for the democracy day celebration. Meanwhile, majority of Nigerians aside few politicians, political jobbers and the suffering bigots are not eager to hear from him. Infact, some group of persons are planning on a peaceful protest tomorrow to
Kabe College Alumni Celebrates Rt.Hon. Sir Pius Chukwuma Okoye on 1st year in office
The entire members of the Kabe College Amawbia Pioneer Alumni set wish to congratulate the the 4th citizen of the state, Deputy Speaker of Anambra state House of Assembly, Hon. Pius Chukwuma Okoye who happens to be a strong Alumni member of the College. Hon. Pius Chukwuma Okoye is a strong ambassador of Kabe College who has
CBN Dissolves Board, Management of Another 3 Prominent Banks in Nigeria
The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. In a press statement signed by the Ag. Director, Corporate Communications, Sidi Ali, Hakama (Mrs.), the CBN said; “this action became necessary due to the non-compliance of these banks and their respective boards with the
EFCC Secures Final Forfeiture Of 20 Choice Properties, 10 Vehicles from Eze Brothers
The agency added that the recovered properties, 10 vehicles including three princely wristwatches, were from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze for a petitioner, Arthur Eze. The Economic and Financial Crimes Commission, (EFCC) has secured the final forfeiture of 20 properties and 10 vehicles of Arthur Eze, a Nigerian businessman and CEO of
Anambra Billionaire Oil Mogul, Boniface Madubunyi is Dead
Respected Anambra Business Mogul, Chief Boniface Madubunyi is dead. He died in London at 90 years. Dr Madubunyi is the Founder of Mabon Oil ,one of the earliest major players in the petroleum industry in the country. Despite founding Nigeria’s most successful hydrocarbon geophysical consulting firm and contributing significantly to the development of the oil
Old Enough Yet Unmarried – Episode 30
Yemi said she was too tired to leave the house and would rather stay home than settle any conflicts so I was left with no other option than to go by myself. I really didn’t feel like going either but I didn’t want to be held responsible for not doing anything to prevent murder so
NDIC, Heritage Bank , Shareholders And Depositors – All You Need To Know
NDIC, HERITAGE BANK, SHAREHOLDERS AND DEPOSITORS – ALL YOU NEED TO KNOW. Let me now break it down for you if you don’t get it. First, it is no longer news that CBN has revoked the operating licence of Heritage Bank plc. What does that mean? What it means is that as you and I
NLC fires back at State Governors after Unpatriotic statements on Minimum wage
SAVE THE COUNTRY FROM A CERTAIN DEATH We are alarmed by the statement credited to the Nigeria Governors Forum that state governments cannot even afford to pay N60,000 as minimum wage as “a few states will end up borrowing to pay workers every month”. We do believe the Governors have acted in bad faith. It
Terrorists Abduct Another Catholic Priest
Terrorists have abducted the presiding priest of St. Thomas Parish, Zaman Dabo Community, in the Zango Kataf Local Government Area of Kaduna State, Rev. Father Gabriel Ukeh. According to report, the parish priest was said to have been abducted at the parish rectory in the early hours of Sunday. The Vicar General (Pastoral), Rev. Fr.