Author: Npo_report
Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial. Another 15% in its parent company, FGP Topco, will be sold to French-based private equity fund Ardian. Ferrovial, which has owned a stake since 2006, announced that the deal was worth £2.37bn ($3bn). The transaction is still subject to regulatory conditions, according to the firm. If approved, the deal would end Ferrovial’s investment in the UK airports’ operator which started at 56% but was reduced to 25% by 2013. Other stakeholders in FGP Topco include Qatar Investment Authority, Caisse…
By Kamil Opeyemi Minister of Solid Minerals Development, Dr. Oladele Alake has offered investiors wishing to get involved in the vast Nigerian mining sector lower production cost. Among other incentives, Alake, while speaking at the Mines & Money Conference which opened in London, United Kingdom on Tuesday, said cutting red tapes which slow business transactions are some of the actions being taken to encourage investors. Alake, in his speech pitched for more investments in Nigeria as he listed what he called unique advantages that await them in the billions of dollar untapped minerals. He quoted recent reports by audit firm…
By Halimah Olamide The Lagos State Domestic and Sexual Violence Agency has on Tuesday declared a man who narrated how he raped a lady in a now viral video.
By Halimah Olamide The opposition Labour Party has accused the Supreme Court of failing in its constitutional responsibility to deliver a separate judgment with respect to its appeal in the presidential election petition. The party said the appeals of both the Peoples Democratic Party and the LP were heard separately and without any consolidation, different issues were raised for the court’s determination. The LP said the only exception was the issue of 25% of votes in the FCT that was common to the two appeals filed by the PDP and the LP. In a statement made available to the NPO…
Israel says 12 more freed hostages – 10 of its own citizens and two Thai nationals – have left Gaza and are now in Israeli territory. Prison officials in Israel also say they’ve released another 30 Palestinians – joining 150 others, mostly women and teenage boys, who’ve been freed since Friday. Tuesday was the fifth day of the temporary truce between Israel and Hamas, after a 48-hour extension was agreed. The son of Ada Sagi, who turned 75 while being held in Gaza, told the BBC he was “over the moon” at her release. Palestinian prisoners have alleged mistreatment while…
The trial of the former Governor of the Central Bank of Nigeria, Godwin Emefiele in the case of alleged procurement fraud has been adjourned to January next year. This was just as it appeared that the former CBN Governor is yet to meet the terms of the bail granted him last week as he was brought to court by officials of the Nigerian Correctional Service and taken away after the ruled adjourned the suit. Emefiele, who was accused of using his position to confer a corrupt advantage on Sa’adatu Yaro, a staff member of the CBN by awarding a contract…
*Berates JJ Okocha; Asks Tinubu to Intervene •By Halimah Olamide An unidentified man has called on President Bola Ahmed Tinubu to come to the aid of youths in Nigeria by ending the culture of betting. The man, whose voice was heard over a viral video said there is a recent upsurge in betting in his town. The video showed the man to be at a gambling center at around 1am in the midnight. The video also showed other gamblers looking devastated as it seemed they had lost their wager. He called on the government to come to the aid of…
Peter Rufai, Ex-Super Eagles goalkeeper, says errors in the goalkeeping department of the national team should be urgently attended to before the 2024 African Cup of Nations (AFCON) in Cote D’Ivoire. Rufai gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Rufai, who was capped 65 times for the Super Eagles said he was optimistic about the quality of the players, but noted that there was more to be done. “I sincerely believe in the Super Eagles, although they are not in their best form right now due to some certain circumstances.…
The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, believes that by working together, Nigerians can achieve a brighter future in healthcare. Pate said this on Monday in Abuja at the Universal Health Coverage (NHA) forum in Nigeria on “the new health sector development blueprint.” The News Agency of Nigeria (NAN) reports that the forum was an opportunity for civil societies to engage with and understand the health policy priorities, and collaboratively develop a position paper and action plan to promote shared ownership of the emerging health policy agenda in the country. The minister said collaboration and teamwork…
By Halimah Olamide The Appeal Tribunal has on Tuesday affirmed the victory of the Governor of River state, Sim Fubara. The Appeal tribunal dismissed the appeals of the candidate of the All Progressive Congress in the state, Tonye Cole and that of Dumo Lulu-Briggs. Details later…