Nigeria news today headlines : Monday 3rd June 2024

Nigeria news today headlines : Monday 3rd June 2024

These are the Nigeria news today headlines updates from Nigerian newspaper .

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Nigeria Newspaper Monday 3rd June 2024

International Breweries Launches Rights Issue, Urges Shareholders To Take Up Their Rights

International Breweries Plc (IBPLC), a member of AB InBev, has announced the launch of a rights issue offer of 161,172,395,100 shares to its shareholders at the offer price of N3.65 per share. The rights being offered are six new Ordinary Shares for every one Ordinary Share held as of May 2, 2024. Each Ordi­nary Share

Nigeria Needs Improved Synergy Of Fiscal, Monetary Authorities To Stop Inflation – Analysts

LAGOS – Analysts say the outcome of the third Monetary Policy Committee (MPC) decision to further tighten the MPR due to unfavourable foreign exchange market dynamics, energy price vola­tility, and uncertainty in external mar­kets is not a complete arsenal needed to successfully fight inflation They advised that improved syn­ergy between the fiscal and monetary authorities

Nigerian Breweries Plc Completes Acquisition Of Distell Nigeria

 Nigerian Breweries Plc, has offi­cially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria). The completion of the trans­action follows the approval of the South Africa Reserve Bank (SARB) for the acquisition by Nigerian Breweries Plc, of the shares of the South African entity, Distell International Limited

Labour Leaders Should Quit Honourably

“Leadership is the ability to define the issues with­out aggravating the problems.” Warren Bennis, 1980, VANGUARD BOOK OF QUOTATIONS, VBQ p 125. When Edo State workers started jubilations over the offer of N70,000 Minimum Wage offered by out-going Governor Obaseki, it was clear that the last nail on the coffin of Organised Labour’s ambi­tions regarding

Rivers State Political Crisis, Threat To Democracy

The lingering political crisis in Rivers State is becoming terribly messy and ex­tremely dangerous, which could ultimate­ly destroy the entire state if not quickly resolved. Unprecedented and extremely worrisome political developments in the state had already assumed dangerous and alarming dimension even as the warring parties were busy digging further deep in their political trenches

A Multi-Pronged Approach To Tackling Inflation In Nigeria

In response to Nigeria’s alarming in­flation rate of 33.69% in April 2024, the Central Bank of Nigeria’s Mon­etary Policy Committee, during its 295th meeting held on the 20th and 21st of May, 2024, opted to raise the bench­mark interest rate by 150 basis points, a decision consistent with global prac­tices aimed at addressing inflationary pressures.

Bad Leadership Our Bane, Not National Anthem

Last week, the political class again chose to chase shad­ows rather than attack the real bane militating against the growth and development of the nation. They opted for cosmetic surgery rather than chemotherapy in treating a cancerous wound at a time the people are in severe pains and a state of hopelessness after an unbroken

Deep Blue Project As Catalyst To Nigeria’s Maritime Development

Activities in the seas and oceans is a growing con­cern for the global com­munity, as it serves as a veritable source of economic devel­opment and wealth creation, owing to the numerous resources embed­ded therein, thereby necessitating the need to ensure the sustainable use of these resources for nature and humanity. Undoubtedly, the seas and oceans

ASR Africa Kicks Off Construction Of World-Class Research Laboratory For FUL, Kogi State

LAGOS – The Abdul Samad Rabiu Africa Initia­tive (ASR Africa) has commenced the construction of a world-class research laboratory for the Federal University Lokoja( FUL), Kogi State. This is in continuation of ASR Af­rica’s various strategic commitments to the nation’s tertiary education inter­ventions. The world-class research laboratory is one of its many interventions under its

EKEDC’s Light Up Agbara Project Set To Energise Industrial Hub

LAGOS – Eko Electricity Distribution Company (EKEDC) yesterday had the groundbreaking cere­mony of the ‘Light Up Agbara Project’. According to the company, the initiative was aimed at en­hancing power supply to indus­trial clusters across Nigeria. The event, which was held in Agbara, Ogun State, according to EKEDC, marked the commence­ment of construction activities for the

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