Author: Chronicle Editor

President Muhammadu Buhari will, Monday October 25, 2021, depart for Riyadh, Saudi Arabia, to participate in the investment conference organized by the Future Investment Initiative Institute. The President will be joined at the 5th edition of the flagship investment event by business executives from Nigeria, bankers, Captains of industry and energy experts to discuss issues on the future of investments across the globe. The three-day event, with the theme, Investment In Humanity, which will host global executives and asset managers, will deliberate on progress and prosperity with energy; true final frontiers in investments; science in action; and impact of climate…

Approves additional N50m for night traders Governor Babagana Zulum on Thursday night, went out on the streets, to see first hand, how the commercial town of Banki was going to seem after seven years of desertion. Zulum was impressed that at 10:30pm, the town was bustling with social and economic activities which made him to describe what he saw as one of his best moments since becoming Governor two years ago. Zulum, after interacting with night traders, approved the distribution of additional N50m to a number of them, to enhance their business with potential impact on the local economy. Banki,…

Resilience and fortitude of patriotic Nigerians will see the nation through the difficult times The Presidency has reacted to an article by The Economist describing the report of the international weekly magazine as flawed and anti-Nigeria. In a statement by Shehu Garba, spokesperson to President Muhammadu Buhari, the Presidency chronicled how the government has reacted to insecurity. “The Economist is correct: Nigeria faces four key threats to the stability and prosperity of the nation – namely: ISWAP/Boko Haram terrorism in the North-East; kidnapping and crime in the North-West; herder-farmer disputes in the central belt; and the delusions of IPOB terrorists…

Manchester United boss Ole Gunnar Solskjaer says he has “come too far to give up now” despite overseeing Sunday’s 5-0 thrashing by Liverpool at Old Trafford. Mohamed Salah claimed a hat-trick while Naby Keita and Diogo Jota also scored in the Reds’ dominant win. Solskjaer said the loss is his “darkest day” as manager but will carry on. “We know we are rock bottom, we can’t feel any worse than this. Let’s see where we take it,” he told Sky Sports. “I have come too far, we have come too far as a group. We are too close to give…

Real Madrid beat Barcelona in a new-look El Clasico to go top of La Liga and leave Ronald Koeman’s side down in eighth in the table. It was the first Clasico without Barca icon Lionel Messi or Real legend Sergio Ramos – who both joined Paris St-Germain in the summer – since 2004. David Alaba started and finished a counter attack for the first and Lucas Vazquez got a second in added time. Sergio Aguero scored his first Barca goal but it was almost the last kick. Alaba’s goal was the best of the game. The former Bayern Munich defender…

The management of the Federal Polytechnic, Bauchi has dismissed two lecturers Malam Abubakar Baba and Mr Adebusoye Sunday, who have been accused of sexually harassing their students. The lecturers’ dismissal was disclosed by the institution’s Rector, Mr Sunusi Gumau on Sunday while briefing journalists at the end of the 98th meeting of the council. He said that the victims had military background which hastened the exposure of the accused lecturers. “In the case of Baba, the father of the student involved is a military personnel while in the case of Sunday, the victim is a sister to a military woman.”…

Mohamed Salah scored a hat-trick and Paul Pogba was sent off as Liverpool embarrassed Manchester United at Old Trafford. Four of the Reds’ five goals were scored in a clinical first-half display as a mixture of poor defending and fine finishing humbled Ole Gunnar Solskjaer’s insipid side. Naby Keita rolled in the first from Salah’s through-ball to put Liverpool ahead after just five minutes before Diogo Jota slid in a second soon after. Salah then got his first, smashing the ball into the roof of the net as he scored for the 10th straight game before the Egypt forward made…

A human rights lawyer, Chief Gabriel Giwa-Amu, said Vice-President Yemi Osinbajo’s initiatives when he was Attorney-General and Commissioner for Justice in Lagos State saved many inmates at various correctional centres in the state. Giwa-Amu, who is also CEO of Stephen and Solomon Foundation, a Non-Governmental Organisation (NGO) that offers free legal services to indigents awaiting trials, disclosed this on Sunday in an interview with the News Agency of Nigeria (NAN) in Lagos while reacting to frequent jailbreak. He said that Prof. Osinbajo as Attorney-General and Commissioner for Justice in Lagos took the issue of decongession of correctional centres seriously. NAN…

Vice President Professor Yemi Osinbajo’s strong focus on his responsibilities, along with a decidedly non-desperate disposition towards the 2023 presidential race has further energized his support base nationwide, the Progressive Consolidation Group (PCG) has said. Dismissing speculations that the Vice President may have attended a meeting and renounced his 2023 bid to succeed President Muhammadu Buhari, the PCG emphasized that ‘such event only happened in the fertile imagination of mischievous persons’, adding that Osinbajo is yet to even accede to citizen-based calls to contest. In a statement issued in Abuja during the weekend, PCG’s chairman, Dr. Aliyu Kurfi expressed total…

Nigerian billionaire, Femi Otedola has reportedly acquired a major stake in First Bank of Nigeria’s parent company, FBN Holdings Plc. The acquisition was confirmed by the company secretary, Seye Kosoko. According to Kosoko, the former Chairman of Forte Oil Plc now owns 5.07% of FBN Holdings. “We refer to our communication to the market dated October 22, 2021 on the above subject wherein we stated that we would inform the public of any substantial acquisition, upon receipt of notification from the Shareholder,” the notice said. Osinbajo commends Otedola over N5bn donation “This morning, October 23, 2021, FBN Holdings Plc received…