Dangote stakes N10 Billion into Flour Mills' buy back deal, saves 3,000 jobs

Following a re-acquisition exercise that saw a buy back of 65.7 per cent stake in Dangote Flour Mills, the President of Dangote Group, Aliko Dangote, has staked N10 billion to restructure the firm for profitability, as well as to align with the group’s investments strategy.

Besides, Dangote has unveiled plans to invest in the production of wheat, using the milling firm to drive the agenda, with a target of 900,000 metric tonnes every year.

Dangote also explained that his buy-back strategy is expected to save 3000 jobs that would have been lost due to lack of investments in the mill.

He had sold the company to South Africa’s Tiger Brands in 2012 for $200 million.

However, the South Africans, despite injection of millions of dollars, claimed not to have recovered their investments in the company, which they rebranded in the last quarter of 2015, with Dangote and three other directors resigning from the board.

Sad Tale: Man sold everything to raise money for wife's cancer surgery in France; They boarded crashed Egypt Air Flight MS804

EgyptAir flight MS804 with more than 66 people on board crashed during a flight from Paris to Cairo. 

Among the dead was a husband and wife who sold everything to pay for life saving cancer treatment and now leave behind their three young children as orphans. 

Controversial SA pastor rides on a female church member's back.... na wa oo

 Controversial South African pastor of End Times Disciples Ministries rode his church member like a horse...According to the church 

Court orders FG, Former Finance Minister to account for allegedly missing N30 trillion

The Federal High Court sitting in Lagos has ordered former Minister of Finance, Ngozi Okonjo-Iweala and the Goodluck Jonathan led administration to  account 
for N30 trillion said to have been missing or unaccounted for while they were in government. 

Hashimu, the Trekker debunks regret reports, declares 'I will run again for Buhari'

Popular Buhari trekker, Suleiman Hashimu have debunked rumor that claimed he is ‘disappointed’ with President Buhariadministration so far, saying he is currently planning a march with youth in support of the president’s administration so far.

Hashimu receiving an award from president Buhari

when speaking to News Agency of Nigeria, he denied reports that he has lost faith in the president, saying the reports are mischievous and misleading.

Communities in Delta State give Military 72hours to release Chevron alleged to be Niger Delta Avengers

Communities in Delta state hosting the facilities of Chevron Nigeria Limited (CNL) have given Nigerian soldiers 72 hours to produce Chevron staff in their custody.

The Communities also dismissing claims by the military that the five persons arrested over the weekend were militants bombing oil and gas facilities in the area.

Armed men attack police station in Kogi, loot armory and free hostages

Two officers were reportedly killed in an attack carried out by 12 gunmen in Osara police station in Adavi Local government area of Kogi state today May 19th. According to The Nation, the gunmen stormed the police station at about 2am this morning with the purpose of stealing from the station's armory and also set free one of their colleagues who was in jail.

Egypt Air Flight from Paris to Cairo confirmed to have crashed

Officials have confirmed that,the EgyptAir flight headed to Cairo from Paris late Wedesday crashed into the Mediterranean Sea halfway between Egypt and Greece.There we 66 aboard with  56 passengers  including one child and two babies ,and 10 crew members.

Trekker regrets trekking for Buhari

Hashimu Suleiman, the man who trekked from Lagos to Abuja in celebration of President Muhammadu Buhari’s victory in 2015 presidential election has described his action as a big mistake.

Suleiman said he regretted trekking for Buhari who has now made life unbearable for the masses.

Alleged Human Rights Abuse: 'Block sale of warplanes to Nigeria', New York times advises Obama

Fourteen months after the election of President Muhammadu Buhari in Nigeria, the Obama administration is considering selling his government 12 warplanes. It is a thorny decision because Mr. Buhari is an improvement over his disastrous predecessor, Goodluck Jonathan, and is fighting Boko Haram, the Islamist extremists who have terrorized the region. But he has not done enough to end corruption and respond to charges that the army has committed war crimes in its fight against the group. Selling him the planes now would be a mistake.

My Dear President Buhari, Shame on You -Ayo Sogunro

As I have suspected for a while, the unsolicited trekking I undertook from Yaba to Ojota to protest the 2012 subsidy removal is now just an intensive workout session. President Buhari and his team of economic wanksters have taken a leaf from Jonathan and his team of economic wanksters. Worse, the new economists in town have outdone Jonathan’s
ambitions of N141/l; they have pushed the price up to N145/l—in spite of Fashola’s touted logic on falling crude oil prices.

Groom divorces wife for spending wedding night texting friends

A Saudi Arabian husband filed for divorce hours after wedding because his bride spent her wedding night texting her pals instead of consummating her marriage.

NLC protest kicks off in Abuja

Factional leader of NLC, Ayuba Wabba and his loyalists in NLC are presently holding a protest on the streets of Abuja. They are calling for the immediate reduction in price of petrol. More photos after the cut...

'Ronke Shonde didn't die from marks of violence' - Preliminary autopsy report

A preliminary autopsy report on late Ronke Shonde has said the victim was not killed by the marks of violence on her.

PUNCH Metro learnt that the result, which was still sketchy, showed that the cause of the death might be more complex than earlier thought.

ASUU begins indefinite strike over fuel price increase

Members of the Academic Staff Union of Universities (ASUU) have been directed to join the NLC in the strike action over the increased pump price of petrol.

UPDATE: One of the Missing Chibok girls found

Activists and the Chairman of Chibok Community - Abuja, Tsambido Hosea Abana, have confirmed that one of the abducted Chibok girks named Amina Ali Nkek, was found by a vigilante group yesterday in Kulakaisa area, at the fringes of Sambisa Forest. 

ECOWAS court orders FG to justify Dasuki's detention

The Economic Community of West African States Court has ordered the Federal Government to justify the detention of a former National Security Adviser, Colonel Mohammed Sambo Dasuki (rtd), in one day.

The court also ordered the detained retired army officer to make out his case against government challenging his detention since December last year in one day.

The Presiding Judge of the regional court, Justice Friday Chijioke Nwoke, gave the order in Abuja on Tuesdayat the resumed hearing in a legal action instituted by Dasuki challenging his alleged unlawful detention, unlawful seizure of properties and infringement on his fundamental rights to freedom of liberty.

CCB Chairman abducted by gunmen in Military uniform

The Chairman of the Code of Conduct Bureau (CCB), Mr. Sam Saba, was abducted by unknown gunmen who were dressed in military uniforms along Kaduna- Abuja road on Monday night. A highly placed source told New Telegraph that Saba was flagged down by the kidnapers around 8p.m. and the bureau chairman stopped for them, thinking the abductors were security men.

Although the Police Public Relations Office (PPRO) of Kaduna Command, said that he was not aware of the incident, the source said that Saba was whisked away in his own vehicle. However, it was not clear whether the chairman was driving alone or he was with a driver when the ab- duction took place.
The source said that the kidnappers are yet to demand any ransom from the family as at press time yesterday. When New Telegraph contacted the spokesperson of the Bureau, Muhammed Idris, he confirmed that the Chairman travelled out of Abuja on an official assignment. He, however, denied that the CBB chairman was kidnapped.

According to him, “Please it is a rumour as the chairman was on official assignment outside Abuja.”

When asked whether he has been able to speak to the chairman since he left Abuja, Idris said his (chairman’s) phone has been switched off. He, however, asked New Telegraph to call him back by 10a.m. today to ascertain the position of things.

Buhari weeps as UK exposes Amaechi's loot

A leading Newspaper in the United Kingdom, UK, ‘The Mail Daily’ , has on Sunday, May 15, published a report revealing how the former Governor of Rivers State and current Transportation Minister, Rotimi Amaechi, looted Nigeria’s treasury.

The report added, that President Muhammadu Buhari’s ‘fantastically corrupt” friend, spent over $140 million on the president’s 2015 campaign and has been accused of stealing £500 million.

Cookie of Empire falls in love with Fela and Wizkid's music

Empire star actress, Taraji .P.Henson gushed over Nigerian music she was recently introduced to.She took to instagram to share her playlist which includes Caro by L.AX and Wizkid alongside, the legendary Fela's music..

FG to begin payment of N5,000 stipend in a matter of weeks

To pacify Nigerians over the increase in the price of premium motor spirit to N145 a litre, the Muhammadu Buhari administration has rolled out palliative measures running into half a trillion naira.This disclosure was made last night by the Senior Special Assistant for Media & Publicity to the President, Mr. Laolu Akande, in an interaction with the press in Abuja.

Nigerian troops capture leaders of Niger Delta avengers

The Nigerian army on Sunday captured some leaders of the new militant group, Niger Delta Avengers, after a raid on Oporoza, the traditional headquarters of Gbaramatu Kingdom in Delta State.

The raid, according to sources, came after the militant group bombed another oil facility belonging to Chevron Nigeria Limited.

It would be recalled that President Muhammadu Buhari had ordered the military to capture the culprits by all means. Following this order, the military invaded Oporoza twice within a week.

England names 26 man squad for Euros

England Head-coach Roy Hodgson today named his provisional 26 man team for the EURO 2016 tournament to be held in France this summer and Man U's 18 year old Marcos Rashford was the surprise entry while Arsenal's Theo Walcott and Jermain Defoe the surprise exclusions. 

'Nigerians now know the differebce between PDP and APC' -David Mark

Senator David Mark speaking at the North -Central zonal congress of the PDP held in Abuja, at the weekend, said Nigerians know that the PDP was the best party for them.

FG to propose N45,000 minimum wage

Reports indicate that the Federal Government of Nigeria will propose a minimum wage of N45 000 to Labor leaders in a meeting scheduled to hold today.

The President of the Nigeria Labour Congress (NLC), Ayuba Wabba confirmed the scheduled meeting saying he got a text message inviting him and other labour leaders to the meeting, The Guardian reports.

'Women can get pregnant via anal sex'

Doctors have disproved the idea that women can't get pregnant by having anal sex .

Urologist Dr Brian Steixner revealed he treated a patient who conceived after having sex with her partner.

She had a rare condition called 'cloacal malformation' which affects one in 50,000 people.

It happens when the rectum, vagina and urethra fail to separate into three tubes and bodily fluids drain into one channel.

Mirror.co.uk

US to return $350 million stolen by Nigerian Generals

The United States government has promised to return at least $350m of stolen money from Nigeria.

US Secretary of State, John Kerry, made this pledge during the Anti-corruption Summit Plenary at Lancaster House London, United Kingdom.

Company Boss given the photoshop treatment after sleeping on duty

Zeev Farbman, 36, the CEO of a Jerusalem-based sharing and editing app Lightricks fell asleep in between back to back meetings. Colleagues took a photo of him and sent him on a dreamy journey via Photoshop. The photographs, originally shared on Bored Panda went viral, see the CEO transformed into various characters from film, television and art...see the photos after the cut...

LIB

FIFA President to visit Nigeria soon

New FIFA President Gianni Infantino has told the Nigeria Football Federation (NFF) president, Amaju Pinnick, about his intention to visit the country very soon.

Read this before dating a colleague at work

It can be quite tasking balancing a relationship with a full-time job, especially if he has a different job from yours. Some of us, whether as a first or last resort, take to dating a co-worker.This can be very easy to fall into, because the more time you spend in the office together, the more likely it is that you get close to this your male co-worker. It is a natural process and happens a lot. However, some people go beyond a friendship and start dating their co-worker. Many women like to keep their affair under wraps and away from the office right? So what could be the reason for it? Well, whatever the reasons,INFORMATION NIGERIAhas put together in this piece the cold truth about dating a co worker.

'Four fantastic men of God to take over Buhari's Economic team

At wake of hard economic realities, bad roads, poor infrastructure, lack of tourist attraction cities in Nigeria, coupled with the sporadically increase in fuel pump price from N86 to N145 per litre, it has become apparent that President Muhammadu, MUST consult some men of God, who have travailed in difficult times with practicable lucrative ideas and initiatives, capable of making Nigeria great again. These men of God have excelled in their own little way and within their own little space over the decades and have been a point of reference around the world.

Revert fuel price now, RENAN tells FG

As more reactions continue to trail the removal of fuel subsidy and increase of pump price on Premium Motor Spirit (PMS) from N86.50K to N145.00 per litre by President Muhammadu Buhari, the Rescue Nigeria Anti-corruption Network (ReNAN), has rejected the increment and calls for reversal.

This was stated by National Coordinator, ReNAN, Hon. Engema Jumbo, while expressing his view about the reasons behind the removal of fuel subsidy and hike of petrol pump price, where he said there was no transparency by the Buhari-led government in this regard.

Fuel prices will go down in a few months -Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has told Nigerians to bear with government over the recent increment in price of petrol, saying in few months’ time, the price will go downwards.
“You will be amazed at what will happen to your N145 price because it will go downwards”, Kachikwu said Thursday when he appeared as a guest on Channels Television breakfast programme, Sunrise Daily.
The Minister on Wednesday announced the removal of subsidy on petroleum products and an increment of the price of premium motor spirit to N145 a litre. He, however, advised the Nigerian National Petroleum Corporation, NNPC, retail outlets to sell the product at a lower price than N145, but he did not specify the amount.

Buhari wants to see less of Chibok parents for his emotional balance

President Muhammadu Buhari has disclosed why he tries to limit his meetings with the parents of abducted Chibok girls.

In an interview with CNN’s Christine Amanpour in London, the president said he had met twice with the families of the missing schoolgirls but said he tries to limit his meetings with them for his own “emotional balance.”..He said

Buhari tricked Nigerians -Falana

Mr. Femi Falana, SAN, human rights activist and lawyer has expressed his dissatisfaction concerning the new fuel price regime handed down by the Federal Government describing the development as illegal and lacking statutory power because the government is yet to constitute a body empowered to take such decision.

Jamal of Empire allegedly fired for demanding more money

At least that's what MediaTakeOut is claiming. Jussie Smollet announced yesterday that his time on the hit show is done a day after he took a bullet for his dad in the show and people have been wondering why he's leaving. Read what MT O claims happened after the cut..

Dalung denies 'begging Buhari for Accomodation'

Youth and Sports Minister, Barr. Solomon Dalung has denied a report by SIGNAL which fingered him as the spokesperson of a team of ministers who sought audience with President Muhammadu Buhari last week over concerns relating to accommodation for members of the Federal Executive Council.

In a post on his official Facebook page on Wednesday, the minister described the report as a fabrication by his enemies.

I survived on water for seven days -Anisulowo

Former Minister of State for Education, Senator Iyabo 

Anisulowo, has narrated her experience during her seven-day ordeal in the hands of her abductors.

Speaking to journalists after she arrived the Government House, Abeokuta, Ogun State on Tuesday night, Anisulowo said she survived solely on water, adding that she did not eat throughout the seven days of her captivity.

'I have nothing to fear' -Fani Kayode

The former aviation minister ad PDP presidential campaign chairman shutting down reports he is on the run from EFCC over campaign funds linked to armed scandal

'How one masquerade can create jovs for 1000 Nigerian men' -Lai Mohammed

Lai Mohammed

 

Speaking at the sectoral debate of the federal house of representative in Abuja on Tuesday, the Minister of Information and Culture, Lai Mohammed, said dressing masquerades could create a thousand jobs per week for Nigerian men, adding that most states in Nigeria have one festival or the other.

Leicester City players to be rewarded with £32,670 Mercedez Benz B class for winning EPL

Players of Leicester City will be rewarded with Mercedes cars worth £32,670 each after they beat the odds to win the 2015/2016 premier league title.

'Our Northern naughty Governors' - Emmanuel Onwubiko

Since independence on October 1st 1960, one question that has continued to be asked without appropriate response is: why is Nigeria so cursed with poor leadership? Another corollary to this interrogatory is: What is the leadership recruitment process in Nigeria? These key questions are germane and hold the magic wand to the bigger question of why Nigeria is in rapid decline from all indexes of human development.

Kanye fires bodyguard who talked to Kim K

Kanye West has allegedly fired a security guard after he caught him trying to talk to his wife shortly before Monday night's Met Gala in New York City.

The  rapper reportedly flew into a fit of rage and dramatically sacked Steve Stanulis after he was seen chatting with Kim outside her hotel room at the Waldorf Astoria.
A eyewitness told the New York Daily News'Confidenti@l column: 'Something happened at the Waldorf Astoria where Kanye just lost it.'
 Kanye locked horns with Stanulis - who has previously protected the likes of Leonardo DiCaprio after he came out of his room on the 36th floor of the establishment and saw him handing Kim a package that had arrived at reception for her.

According to a second source, an assistant from Kim Kardashian and West’s camp called down to the pair’s security detail, asking that one of them bring up a package that was slated to arrive from a local store around 1:30 p.m. When Stanulis volunteered for the task, West, who was in an adjacent room in the same hallway, was heard asking loudly why the muscle for hire was chatting with his wife outside her door and saying, “This isn’t right!”

The bodyguard, formerly a member of the New York Police Department, was reportedly dropped from the team a few hours later but has since quashed rumours he was flirting with the reality TV star in front of her husband.

'Beyonce and Jay Z have had silent separations' -Cousin

Beyonce 's cousin has claimed she and husband Jay Z have endured a number of "silent separations" over the years. 

The Pope condemns paedophilia, as details of murder and rape of 6 year old girl emerge

Pope Francis used his weekly Sunday message to denounce paedophilia, following the emergence of new details surrounding the alleged rape and murder of an Italian girl- child in 2014.

Bad Economy: Femi Otedola loses $400 million in 9 weeks

Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period.

In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share.

However, as at close of trading today (Tuesday), its share price has dropped to N193.46 after recording consistent daily losses over the past few weeks. Otedola, who is the company’s controlling shareholder, has seen his paper net worth drop from $1.6 billion when FORBES published its annual ranking of the World’s Billionaires in March, to $1.2 billion today, according to the FORBES’ real-time billionaire scorecard.

Another attack looms in Benue as Fulani herdsmen finger Agatu indigenes as responsible for '80 missing cows'

There are fears that Agatu may soon come under serious attack from suspected Fulani herdsmen following a recent media speculation that over 50 cows belonging to the cattle breeders were reportedly killed by Agatu people while trying to cross to Nasarawa State last weekend.

Fayose blasts Buhari again, berates his Government for lacking ideas

The Ekiti State Governor Ayodele Fayose on Tuesday said his criticisms of President Muhammadu Buhari was not borne out of his hatred for him but out of his conviction that at 73, Buhari was not strong enough to lead a complex country like Nigeria.

The governor, who spoke at an event organised by the Oyo State chapter of the Nigeria Union of Journalists to celebrate the World Press Freedom Day in Ibadan, said those who voted for Buhari in the last presidential election did not know who he was.

He stressed that in the last one year, Nigeria had never had it so bad, noting that the fuel crisis, exchange rate of dollar to naira, killings by Fulani herdsmen and power situation were indices that showed that Buhari’s government lacked the idea to rule the country.

6 signs your relationship is the perfect marriage material

Wondering if your relationship is the real deal or not? You probably feel like you urgently need to know so you wouldn’t be wasting your time and emotions. You’re already considering backing out because you feel it might not be real. Just before you make the move, let’s re-evaluate your man. Let’s see if he has any of these qualities that says your relationship might actually last forever.

1. Your partner isn’t afraid to challenge you.
Constantly disagreeing on almost everything could mean you’re headed for a break-up. But if your partner is willing to kindly voice his or her opinions in order to challenge you to change yours, that could be a sign that you are headed for marriage. Chances are you are in the right relationship if your partner is comfortable enough with you to lovingly call you out privately when they feel you are wrong.

2. You’re one another’s biggest inspiration.
A relationship both parties are committed to bringing out the best in each other could spell marriage. If they constantly encourage your growth, and give support to your dreams and career; then, he or she has plans for you. If one of you succeeds, you both win, and that level of strength over time can be a telling sign that engagement is on the horizon.