Investment
Senator Kalu: I’ll buy 35% stake in Arsenal FC
The representative of Abia North Senatorial District, Orji Uzor Kalu, has declared his interest in investing in Premier League club, Arsenal FC. The post Senator Kalu: I’ll buy 35% stake in Arsenal FC appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Nigeria ratifies membership of AfCFTA
The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...
EFCC arraigns banker for ‘N80 million fraud’
The Kano Zonal office of the Economic and Financial Crimes Commission (EFCC), has arraigned one Kolapo Oduwole before Justice Musa Danladi of the Katsina State High Court on a six-count charge of forgery and fraud in the sum of N80,000,000( Eighty Million Naira only). Oduwole, a staff of a bank (name withheld), allegedly forged signatures of Relationship Manager of the Bank on three fixed deposits certificates and presented same to some customers and subsequently got the customers to fix their money in fixed deposit accounts controlled only by him. It was further alleged that, after the money was fixed, the defendant transferred it into various accounts to conduct his personal businesses. One of the charges read that “You Kolapo Oduwole on the 3rd March, 2020 at Katsina, within the jurisdi...
ComercioPartners urges corporate organisations to leverage on pandemic opportunities
Investment banking company ComercioPartners has tasked fellow corporate organisations in the country to tinker their business model in order to take advantage of the opportunities provided by COVID-19 pandemic, The company said while other companies are lamenting the effects of the pandemic, it has leveraged on the new business environment, provided by the pandemic, to deepen its resources. Head, Financial Advisory of the company, Steve Osho, said: “Occurrences such as the pandemic brings an opportunity which forward-looking organisations leverage on to hit it big. “For us, even with the pandemic, we see a great future in Africa.” Osho, at a recent virtual investment lecture, stated that in Comercio, the dream of the future is better than the history of the past. He added that “by leveragi...
Premier League terminate £490 million TV deal in China
The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...
Governor Emmanuel: No cultist will succeed me in 2023
Akwa Ibom State Governor Udom Emmanuel has vowed never to allow a cultist to succeed him in 2023 so as not to plunge the State back into violence. Emmanuel has said he is not interested in a third term arrangement through surrogacy. The Governor, speaking at an open interactive session with the people of Akwa Ibom on Sunday in Uyo, said ‘for peace to reign and for Christ to have control, I am not interested in a third term through surrogacy. ‘The only thing you can help us do is to ensure that no cultist is allowed to emerge governor of the state. Some LGAs are highly volatile so if they nominate a cultist we would not permit such. Any cultist arrested would not be released. the only way to ensure peace is to make a way to eradicate cultism if you want to ensure peace.’ Governor Emmanuel a...
Pastor Ize-Iyamu: Governor Obaseki has failed Edo state
The governorship candidate of the All Progressives Congress (APC), in the September 19 election in Edo State, Pastor Osagie Ize-Iyamu, has said that governor Godwin Obaseki has failed in all sector of the state’s economy. Obaseki is the candidate of the Peoples Democratic Party (PDP) in next month’s election. Ize-lyamu made the allegation over the weekend at a media parley with journalists in Benin. He said, “from security, agriculture, investment, youths empowerment, education among other sectors, governor Obaseki has not made meaningful impact on the people and the state. He alleged that governor Obaseki was collecting N750 million as security vote yet the crime rate is very high in the state. “Obaseki made the state’s House of Assembly to increase his security vote from N500 million to ...
OECD: South Africa economy could contract 8.2% if second coronavirus wave hits
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. If a second wave of infections is avoided, the economy will contract 7.5% in 2020 before rebounding 2.5% next year, the OECD said in a report on Africa’s most industrialised economy. South Africa was in recession before the pandemic struck, with recurring power cuts by struggling state utility Eskom and weak business confidence dampening economic activity. President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change. “South Africa cannot afford to delay reforms. It is essential to undertake...
EU must focus on health, jobs now, fiscal matters later – Commission
European Union (EU) countries must now focus on investment in public health and protecting jobs and companies, and worry about fiscal sustainability later, the European Commission said on Wednesday. European Commissioner for Economic and Financial Affairs Paolo Gentiloni said that EU should coordinate its approach to economic recovery once the coronavirus pandemic subsides in its annual recommendations to the bloc’s 27 countries. Budget gaps in all EU countries except Bulgaria will widen well beyond the EU’s usual ceiling of 3 per cent of gross domestic product this year as governments use public money to prop up economies that are expected to plunge into their deepest recessions ever this year. Public debt is also going to rocket, breaching the EU’s normal requirement that it should be fa...
