FCT Minister allocates 1500sq meters of land to Muhammadu Buhari trust foundation in Abuja
The so-called anti-corruption fight of President Muhammadu Buhari’s administration has further been dragged into the mud after Minister of Federal Capital Territory FCT, Muhammed Bello, offered 15000 square meters of land to the President to build his Trust Foundation. The parcel of land located in the highbrow Maitama area of
Nigerian labour congress to hold workers day rally on tuesday, May 2
The Nigerian Labour Congress has resolved to shift the 2022 Workers Day Rally till May 2 should the Eid-El- Fitr, otherwise known as Ramadan Sallah, be announced for May 1 by the Supreme Council for Islamic Affairs of Nigeria. NLC said it resolved to toe the path because of the
Consumers in Calabar beg Master Bakers not to increase price of bread
Consumers of bread in parts of Cross River State have lamented the ever-increasing price of bread and have appealed to master bakers not to carry out their threat to further increase product prices. Adaeventsnews held random interviews with consumers, Saturday morning following a radio programme where a general manager of
Flour Mills gets approval to acquire majority stake in Honeywell
Flour Mills of Nigeria Plc. (FMN) has obtained regulatory approvals to acquire a 71.69% stake in Honeywell Flour Mills Plc (HFMP), formerly a portfolio company of Honeywell Group, and a 5.06% stake in HFMP held by First Bank of Nigeria Limited. The acquisition was approved by the Federal Competition and
Heifer International unveil $1million Pay-as-you-go tractor financing for agriculture
Heifer International has announced that it is investing $1 million in the tractor booking platform, Hello Tractor will provide loans for tractor purchases-loans that can be repaid from revenues earned by leasing them to local farmers. This move is a way of seeking innovative ways to generate agribusiness opportunities for
Energy-intensive firms to get electricity bill help
Ministers said an Energy Intensive Industries Compensation Scheme will be extended for a further three years and its budget will be more than doubled. The support comes as firms and households are being hit by higher energy bills, driven by soaring global wholesale gas prices. UK Steel said the extension
Amazon sell-off ends dismal month for US shares
A sell-off in Amazon shares, after the firm reported a fall in online sales, helped drive the Nasdaq index down more than 4% on Friday. April was the worst month for the tech-heavy index since the 2008 financial crisis, with a 13% fall. But the market downturn is not limited
Five rescued from China building collapse
Five people were rescued from a collapsed building in China, authorities said Saturday after emergency teams overnight clawed through the rubble of a structure that housed a cinema and guesthouse. Authorities are yet to reveal how many people they believe are still buried underneath the six-storey building, which caved in
WhatsApp confirms issues have been fixed after more than 40,000 people in the UK report problems
WhatsApp confirms issues have been fixed after more than 40,000 people in the UK reported problems Facebook also seems to be suffering smaller problems, with more than 200 users reporting an issue with the social network. WhatsApp has confirmed it is running as usual after more than 40,000 people in
Mortein pushes prevention as cost-effective way against malaria
Mortein insecticide has identified prevention as one of the major cost-effective ways against the spread of malaria in Nigeria. In line with this year’s world malaria day theme, “Advance Equity. Build Resilience. End Malaria,” Mortein partnered with the Federal Ministry of Health through National Malaria Elimination Programme (NMEP) and other