
Japaul Gold slumps by 30%, after rallying to 52-week high of N1.67 on Monday

Multiverse forecasts N39.5 million profit in Q1 2021

GCR affirms Dangote Cement issuer ratings of AA+(NG) and A1+(NG)

CEO, CFO purchase additional 1.28 million units of United Capital Plc shares

Governor Sanwo-Olu says 24,000 students yet to resume in public schools

How Access Bank got Japaul to pay up N37 billion loan that had gone bad

Covid-19: FG launches Rapid Response Register (RRR) for urban poor affected by pandemic

Naira strengthens at NAFEX window despite 61% drop in dollar supply

McCaleb, co-founder of Ripple sells 28.6 million XRP

Oil prices rally high on incoming COVID-19 relief program
Obituaries
Zenith Bank Plc announces death of its Director, Professor Oyewusi Ibidapo-Obe
Zenith Bank Plc has expressed its condolence to the family of the late professor Ibidapo-Obe.

Published
2 weeks agoon

Zenith Bank Nigeria Plc has announced the demise of one of its Directors, Professor Oyewusi Ibidapo-Obe (OFR).
The disclosure is contained in a press release issued by the financial giant to the Nigerian Stock Exchange, seen by Nairametrics. The board and management of the bank expressed their condolence and prayed that God grants his family and friends the fortitude to bear the irreplaceable loss.
READ: Is Zenith Bank thriving on the strength of sound financial indices?
What you should know
- According to the press release, the late professor was a distinguished scholar of Systems Engineering and a past Vice-Chancellor of the University of Lagos.
- He joined the board of the bank on February 24, 2016 as an Independent Non-Executive Director and served in various committees of the board where he distinguished himself.
- The Professor was born on 5 July 1949, and died 3 January 2021, aged 71 years.
READ: Zenith Bank posts PBT of N177.3 billion in 9M 2020
What they are saying
Commenting on the recent developments, excerpts of the press release by the bank reads:
- “We write to notify the investing public of the demise of our esteemed Director, Professor Oyewusi Ibidapo-Obe OFR. On behalf of the Board and Management of the bank, we wish to express our sincere condolences to the family and pray for God to grant them the fortitude to bear the irreplaceable loss.’’
READ: Zenith Bank Nigeria Plc spends N12 billion in five years on CSR across Nigeria
Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion


Obituaries
Update: Former Military Administrator of Lagos, Rear Admiral Ndubuisi Kanu is dead
A former Military Administrator of Lagos, Rear Admiral Ndubuisi Kanu has passed on.

Published
1 week agoon
January 13, 2021
A former Military Administrator of Lagos and Imo states and a Chieftain of the National Democratic Coalition, Rear Admiral Ndubuisi Kanu (Rtd), is reportedly dead.
The 78-year-old retired Naval Officer and businessman was said to have died in a hospital on Wednesday morning after a brief illness.
According to reports, the sad development was confirmed by a source who worked closely with him at his Victoria Island Lagos office, used as a meeting point for Ndigbo in Lagos.
Kanu was highly respected and revered for his kindness as well as the development he attracted to his community, Ugwunta in Isuikwuato Local Government Area of Abia State.
What you should know
Retired Real Admiral Ndubuisi Kanu was a highly respected member of NADECO, the pro-democracy group, which fought for the revalidation of the June 12, 1993, presidential election which was believed to have been won by the late Moshood Abiola.
He was also among the eminent Nigerians, who signed an ultimatum calling on General Sani Abacha regime to revalidate Abiola’s mandate and hand over power which brought about one of the most vicious crackdowns by a regime in peacetime Nigeria.
The late Kanu was the chairman of NADECO’s Action Committee, which organised and participated in protest marches and public sensitisation activities.
During his distinguished military career, he was appointed by late General Murtala Mohammed in 1975 into the Supreme Military Council (SMC), the highest decision making organ of the then military government. He also served as military governor of old Imo State and later as military governor of Lagos State
Obituaries
Leadership publisher, Nda-Isaiah, is dead
Nda-Isaiah, publisher of Leadership newspaper died after a brief illness on Friday at the age of 58.

Published
1 month agoon
December 12, 2020
The publisher of Leadership newspaper, Sam Nda-Isaiah (58), has died after a brief illness on Friday.
A source from his family said, “Yes, it is true. I was just told now. He was ill briefly.”
READ: HealthPlus crisis: Partners allegedly attempt take over at head office despite court order
A staff of Leadership told Nairametrics that the late publisher was at the office on Thursday and didn’t show any sign of illness.
He said, “He did not show any sign of sickness when he appeared at the office on Thursday. Definitely, it was not coronavirus that killed him. Maybe it was cardiac arrest. It is indeed a sad day for us.”
READ: House of Reps calls for larger capital projects for the Army in 2021
What you should know
- The former pharmacist was a member of the Newspapers Proprietors Association of Nigeria; Chairman, Oakhouse Forte Limited; Chairman, Banana Republic; Chairman, Clayfields and Harrow; Director, Empire Securities Limited; Director, Societa Generale Fondazini; Director, Maitama Amusement Park Plc; Member governing council of Kaduna International School; Chairman, Robertsham Hotel and Group Ten Ltd, Johannesburg, South Africa.
READ: BHH Podcast: Leading your business through the chaos – Linus Okorie
Obituaries
Nigeria’s Ambassador to the United States, Sylvanus Nsofor, is dead
Outgoing Nigeria’s Ambassador to the United States of America, Justice Sylvanus Adiewere Nsofor, is dead.

Published
1 month agoon
December 12, 2020
The outgoing Nigerian Ambassador to the United States of America, Justice Sylvanus Adiewere Nsofor, is dead.
His death was confirmed in a statement which was issued by the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, through a series of tweet posts on his official Twitter handle on Friday, December 11, 2020.
According to media reports, the 85-year-old diplomat was said to have died on Thursday night in a hospital in Maryland in the US.
READ: US Government removes visa reciprocity fees for Nigerians from December 3
What the Presidential media aide is saying
Garba Shehu, in his statement, said, “President Muhammadu Buhari has expressed heartfelt commiserations with the family, friends, and associates of Nigeria’s outgoing Ambassador to the United States, Justice Sylvanus Adiewere Nsofor over his demise.
“In a telephone call to Jane, the widow of the retired justice in New York on Friday, the President described Ambassador Nsofor as an outstanding judge of rare courage and truth who is not afraid to give justice to whom justice is due.
READ: U.S Universities offer $2.17 million scholarships to 19 Nigerian students
“Apparently referring to the 2003 presidential election during which Justice Nsofor delivered a minority judgment as a member of the Election Appeal Panel in favour of Buhari as the candidate of the All Nigeria Peoples Party (ANPP), the President said the country would miss people with such exemplary pedigree.
“President Buhari, who has directed the Ministry of Foreign Affairs to work with Justice Nsofor’s family on the burial arrangements, prayed God to comfort all who mourn the departed jurist and grant his soul eternal rest.”
READ: Malabu Scandal: Netherland, Switzerland to send $200 million to Nigeria
What you should know
- Justice Nsofor, who died towards the end of his tenure as the ambassador to the United States, served as a justice of the Court of Appeal for 13 years until his mandatory retirement in 2005.
- He gave the dissenting judgement in favour of President Buhari who had challenged the election of the then President Olusegun Obasanjo who won his re-election as a candidate of the Peoples Democratic Party (PDP) in 2003.
- President Buhari nominated Nsofor to the Senate for confirmation as Nigeria’s ambassador to the US, years after the ruling.
- However, the Federal lawmakers rejected his nomination, due to concerns over his age and fitness. He was later renominated by President Buhari at the end of March 2017 and was confirmed as an ambassador on June 7 of the same year.
- Nsofor, who assumed office as the ambassador to the US on November 13, 2017, succeeded Professor Adebowale Adefuye who also died towards the end of his tenure.
READ: Reasons to hedge your investments with Grenada Citizenship by Investment
President Muhammadu Buhari has expressed heartfelt commiserations with the family, friends and associates of Nigeria’s Out-going Ambassador to the United States, Justice Sylvanus Adiewere Nsofor over his demise.
— Garba Shehu (@GarShehu) December 11, 2020
-
Get the scoops and market intelligence that can help
you make better investment decisions right in your
mailbox.