Nigeria news today headlines : Monday 3rd June 2024
These are the Nigeria news today headlines updates from Nigerian newspaper .
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International Breweries Launches Rights Issue, Urges Shareholders To Take Up Their Rights
International Breweries Plc (IBPLC), a member of AB InBev, has announced the launch of a rights issue offer of 161,172,395,100 shares to its shareholders at the offer price of N3.65 per share. The rights being offered are six new Ordinary Shares for every one Ordinary Share held as of May 2, 2024. Each Ordinary Share
Nigeria Needs Improved Synergy Of Fiscal, Monetary Authorities To Stop Inflation – Analysts
LAGOS – Analysts say the outcome of the third Monetary Policy Committee (MPC) decision to further tighten the MPR due to unfavourable foreign exchange market dynamics, energy price volatility, and uncertainty in external markets is not a complete arsenal needed to successfully fight inflation They advised that improved synergy between the fiscal and monetary authorities
Nigerian Breweries Plc Completes Acquisition Of Distell Nigeria
Nigerian Breweries Plc, has officially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria). The completion of the transaction follows the approval of the South Africa Reserve Bank (SARB) for the acquisition by Nigerian Breweries Plc, of the shares of the South African entity, Distell International Limited
Labour Leaders Should Quit Honourably
“Leadership is the ability to define the issues without aggravating the problems.” Warren Bennis, 1980, VANGUARD BOOK OF QUOTATIONS, VBQ p 125. When Edo State workers started jubilations over the offer of N70,000 Minimum Wage offered by out-going Governor Obaseki, it was clear that the last nail on the coffin of Organised Labour’s ambitions regarding
Rivers State Political Crisis, Threat To Democracy
The lingering political crisis in Rivers State is becoming terribly messy and extremely dangerous, which could ultimately destroy the entire state if not quickly resolved. Unprecedented and extremely worrisome political developments in the state had already assumed dangerous and alarming dimension even as the warring parties were busy digging further deep in their political trenches
A Multi-Pronged Approach To Tackling Inflation In Nigeria
In response to Nigeria’s alarming inflation rate of 33.69% in April 2024, the Central Bank of Nigeria’s Monetary Policy Committee, during its 295th meeting held on the 20th and 21st of May, 2024, opted to raise the benchmark interest rate by 150 basis points, a decision consistent with global practices aimed at addressing inflationary pressures.
Bad Leadership Our Bane, Not National Anthem
Last week, the political class again chose to chase shadows rather than attack the real bane militating against the growth and development of the nation. They opted for cosmetic surgery rather than chemotherapy in treating a cancerous wound at a time the people are in severe pains and a state of hopelessness after an unbroken
Deep Blue Project As Catalyst To Nigeria’s Maritime Development
Activities in the seas and oceans is a growing concern for the global community, as it serves as a veritable source of economic development and wealth creation, owing to the numerous resources embedded therein, thereby necessitating the need to ensure the sustainable use of these resources for nature and humanity. Undoubtedly, the seas and oceans
ASR Africa Kicks Off Construction Of World-Class Research Laboratory For FUL, Kogi State
LAGOS – The Abdul Samad Rabiu Africa Initiative (ASR Africa) has commenced the construction of a world-class research laboratory for the Federal University Lokoja( FUL), Kogi State. This is in continuation of ASR Africa’s various strategic commitments to the nation’s tertiary education interventions. The world-class research laboratory is one of its many interventions under its
EKEDC’s Light Up Agbara Project Set To Energise Industrial Hub
LAGOS – Eko Electricity Distribution Company (EKEDC) yesterday had the groundbreaking ceremony of the ‘Light Up Agbara Project’. According to the company, the initiative was aimed at enhancing power supply to industrial clusters across Nigeria. The event, which was held in Agbara, Ogun State, according to EKEDC, marked the commencement of construction activities for the
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