Author: News Room

Zichis Agro-allied Industries Plc has announced plans to list shares valued at N1.09bn on the Nigerian Exchange Limited through a listing by introduction on the Growth Board. The company plans to list 600m ordinary shares of 50 kobo each at N1.81 per share, translating to a market value of N1.09bn. The planned listing follows a board meeting held in Lagos with capital market regulators, financial advisers and shareholders. Financial advisers to the transaction include QCAPITAL Limited and Cordros Capital Limited. Speaking at the meeting on Tuesday, the chairman of Zichis Agro-allied Industries, Hezekiah Oshaba, said the company would be guided…

Chairman of Agege Local Government Area, Abdul-Ganiyu Obasa, has arrived in Rabat, the host city for today’s crucial 2025 Africa Cup of Nations semi-final clash between Nigeria and Morocco. With kick-off set for 9pm at the Prince Moulay Abdellah Stadium, Obasa is set to lend his support to the three-time AFCON champions as they push for a place in the final. The encounter marks the first AFCON meeting between both sides in 22 years and the second time they are facing each other in an AFCON semi-final. Boasting key players such as Victor Osimhen, Ademola Lookman, Alex Iwobi, Calvin Bassey…

Rulemaking involves individual regulators and agencies fleshing out the details of a law passed by legislators. It can include publishing proposed rules and seeking public comment.It could take many years for the crypto market structure bill to be implemented due to a lengthy rulemaking process, according to Paradigm’s vice president of regulatory affairs, Justin Slaughter.The market structure bill has advanced to the Senate committee stage with bipartisan text and ongoing negotiations. It’s set for a markup with the Senate Banking Committee on Thursday, while the Senate Agriculture Committee has delayed its hearing until Jan.27.If the House of Representatives and the…

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The Police Command in Rivers State has arrested a 26-year-old suspect, Goodnews Iberi, for his alleged involvement in the kidnapping and killing of Rita Eleonu in the state. The Command’s spokesperson, CSP Grace Iringe-Koko, disclosed this to journalist in Port Harcourt on Tuesday. She said that Ms Eleonu, 25, was abducted from her Rumuekini community in Obio/Akpor Local Government Area of Rivers. Ms Iringe-Koko, a chief superintendent of police, said the incident was reported to the police on 29 December, prompting the police to launch an investigation. According to her, Mr Iberi and four other accomplices lured the victim to…

Tony Elumelu ​Elumelu’s entry into Seplat is more than just a business transaction; it is the manifestation of the Petroleum Industry Act’s (PIA) highest aspirations. As he navigates the complex waters of the energy sector, there is high hope for future synergy between upstream assets and downstream refining. Tony Elumelu’s influence on the African business landscape is now undeniable, carrying a prestige comparable to global icons like Louis Vuitton, Gucci, or Nike in the fashion world. His track record is so formidable that it would likely impress even a figure of legend like King Midas. Ultimately, Elumelu’s ascent proves that…

The 2025 Africa Cup of Nations is racing toward its finish line. With just four matches left, Nigeria, Senegal, Egypt and hosts Morocco remain in the hunt for continental gold, and in less than 36 hours, one heavyweight will fall. For the Super Eagles, the numbers tell a story of control and conviction. Five matches played. Five wins secured. 14 goals scored. Two clean sheets kept. Nigeria have been flawless on Moroccan soil, growing stronger with each round. Across the dugout stand the hosts, Morocco, led by Walid Regragui. They have won four of their five games, drawing only once;…

Communities in Isa Local Government Area of Sokoto State are reeling from renewed bandit attacks, believed to be linked to gunmen loyal to the notorious bandit leader Bello Turji. The violence has forced residents to flee en masse, raising concerns over the expanding influence of armed groups along the Sokoto–Zamfara axis. The Sokoto State Police Command confirmed that two people were killed and an unknown number abducted during the latest attack in Bargaja village in southern Isa LGA. DSP Ahmed Rufai, the command’s spokesman, said a fuller account would follow once the Divisional Police Officer submits his field report. “Two…

Ahead of the 2027 general election, there’s rising political tension in Abia State, with some opposition leaders in the State hell-bent on stopping Governor Alex Otti’s re-election. The opposition figures, many of whom previously held power in the state, have threatened that Otti will not be reelected for a second term as governor in 2027. These figures also have been holding political meetings and issuing public statements against Otti’s administration. DAILY POST recalls that last week, two former Governors of Abia State, Senator Orji Uzor Kalu and Chief Theodore Ahamefule Orji, alongside other former political leaders, said they have formed…

Gunmen, who abducted eight residents of Imoga in Edo North last Friday, have reportedly reduced their ransom demand from N100 million to N40 million. The Okpahi of Imoga Kingdom, Oba Patrick Abudu, confirmed the development on Tuesday. According to the monarch, the kidnappers initially demanded N100 million but had lowered the amount to N70 million on Monday. Negotiations are ongoing, with hopes that the ransom could be further reduced to N20 million. Oba Abudu explained that all stakeholders and members of the community are on standby to raise the funds once a final agreement is reached with the abductors. The…