Local news – Page 1517

Sanwo-Olu Congratulates Marwa, Pedro On LASU’s Doctorate Awards

11.04.2025

Lagos State Governor, Mr Babajide SanwoOlu, has congratulated the Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brigadier-General Mohammed Buba Marwa (rtd), and former Deputy Governor of the State, Otunba Olufemi Pedro, for the Honorary Doctorate degrees conferred on them by the Lagos State University (LASU). Marwa, a former Military Administrator of...

Legislators Protest N’east Exclusion From FG’s $530m Agro-project

11.04.2025

The North East National Assembly Caucus yesterday protested against the Federal Government’s exclusion of the region from the Special AgroIndustrial Processing Zones (SAPZ). Addressing reporters after a meeting at the National Assembly complex, the Caucus led by Senator Danjuma Goje expressed shock that the zone was excluded despite Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe’s...

Chinese Govt Raises US Tariff To 125%

11.04.2025

Chinese government has said it would raise tariffs on United States (US) goods to 125 per cent but would ignore further levies by President Donald Trump because it no longer makes economic sense for importers to buy from America. New Telegraph reports that Beijing’s latest round of retaliation announced on Friday, April 10, brings its...

Prada Acquires Versace For $1.4bn In Major Luxury Fashion Deal

11.04.2025

Luxury Italian fashion house, Prada has acquired Versace from multinational fashion luxury group, Capri Holdings, for an enterprise value of €1.25 bn. Founded in 1978 in Milan, Versace, an iconic brand, is one of the leading international fashion design houses. “Versace stands as a distinctive asset in the luxury landscape. The brand displays potential to...

FY’24: Naira Devaluation Wipes N1.8trn Off 7 Corporate Giants’ Earnings

11.04.2025

In a year marked by monetary turmoil and macroeconomic recalibration, seven of Nigeria’s largest corporations bore the brunt of a historic currency collapse—incurring a staggering N1.794 trillion in foreign exchange losses. This extraordinary erosion of corporate value follows the naira’s unprecedented depreciation, a direct consequence of the Tinubu administration’s foreign exchange unification policy introduced in...

Enugu Electricity Commission Issues Fresh 5MW Power License

11.04.2025

In yet another milestone in its regulatory efforts to boost electricity supply in the state, the Enugu State Electricity Regulatory Commission, EERC, has issued a 5MW power generation license to Tempo Power Solutions Ltd to set up a gas-fired plant. This brings to a total of 15MW, the worth of power generation licenses issued by...

Lagos Inaugurates Emergency Flood Measures As FG Warns Of High Risk

11.04.2025

The Lagos State Government has launched emergency measures aimed at safeguarding vulnerable communities following the warning of imminent floods. This follows the Federal Government’s classification of Lagos among states at high risk of experiencing significant flood events this year. Following reports of flooding across several parts of Lagos Island— including Aroloya Street, Ojo-Giwa, Binuyo, and...

UNILORIN VC Hails Ali On Turbanning As First Kuliya Of Ilorin

11.04.2025

The Vice Chancellor of the University of Ilorin, Wahab Olasupo Egbewole, has congratulated renowned Ilorin-based legal practitioner, Yusuf Olaolu Ali, on his turbanning as the first Kuliya Ngeri of Ilorin. The historic ceremony took place on Friday, April 11, 2025, and was performed by the Emir of Ilorin and Chairman of the Kwara State Council...

Ndhlovu: Philanthropist Making Purposeful Impact

11.04.2025

In an era where the headlines are frequently dominated by stories of excess and corporate self-interest, South African billionaire Xolane Ndhlovu is quietly scripting a different kind of narrative — one defined by empathy, generosity, and purposeful impact. As chairman of DAFRIGROUP LIMITED, Ndhlovu is widely recognized for his strategic brilliance in business. But beyond...

Chocolate City Featured In New Report On African Creative Companies

11.04.2025

A new report titled “Success Stories in the Creative Industries in Africa and Other Emerging Markets” highlights Nigeria’s Chocolate City Group as one of the success cases in Africa’s growing creative industries. The report, prepared by PwC Nigeria, Restless Global, and TFCC for Proparco and the European Union’s CreatiFI program, examines 12 successful African creative...