FrontLineNews

  Today, Hon. Oluwaseyi Afeni - the Supervisor for Information and ICT in Yaba distributed 58 sallah rams to 58 different Muslims across Yaba LCDA and other communities in further celebration of the 58th birthday of the ever-compassionate and hardworking Governor of Lagos State, Mr. Babajide Olushola Sanwo-Olu  The beneficiaries, majorly; Muslim Clerics, Aged People, Widows and People Living With Disabilities, who were categorised and provided with vouchers, expressed their appreciation to *Hon. Oluwaseyi Afeni* , acknowledging the smiles that were brought to their faces during the Ileya season.   Oluwaseyi Afeni who has and still runs series periodical Food Support, Educational Support and Traders Empowerment programmes, in words said; "there is wrong in celebrating Mr. Babajide Olushola Sanwo-Olu. A man that has been making great and positive impacts in the lives of Lagosians, even before he became the Governor. However, the gesture is to enable the beneficiaries to abu...

Dangote No Longer Africa’s Richest Man As Devaluation Forces Forbes To Reshuffle Africa’s Wealthiest List Aliko Dangote, the visionary founder and chairman of Dangote Industries Limited, a leading conglomerate in Africa, has lost his long-held title as Africa’s richest man. Forbes, the prestigious business magazine, recently published an updated list of the world’s wealthiest billionaires, revealing that Dangote’s fortune plummeted by a staggering $3.4 billion in a single day due to the recent devaluation of the Nigerian naira against the U.S. dollar. This sharp drop has pushed him down from his long-standing spot atop Forbes’ list, making way for South African billionaire Johann Rupert, who now claims the throne with an impressive fortune of $12 billion. For years, Dangote held the title of Africa’s richest man, a position he has held since 2013. His financial achievements reached an unprecedented milestone in 2014 when his wealth surpassed the $20 billion mark, marking him as the fir...

    Hilton has signed Koko Beach Resort Ilashe Lagos into the Curio Collection by Hilton at the African World Hotel Conference in Nairobi on 13th June 2023, marking the first internationally branded resort on Nigeria’s Atlantic coastline! The Branding and Management Agreement (BAMA) with Hilton’s Curio Collection is for a new luxury destination in Lagos, Nigeria – Koko Beach Resort Ilashe Lagos! ????️ Due to open in 2025, this 60-room luxury resort, developed with Outposts Investment Limited, is currently under construction on the pristine Ibeshe/Ikaare beach and represents a new dawn for Nigerian tourism, particularly under President Bola Ahmed Tinubu’s progressive regime. With stunning sea views, private villas, diverse dining options, and an array of world-class recreational facilities and amenities, this project aims to promote domestic tourism and ease pressure on our foreign exchange reserves. A huge thank you to Governor Babajide Sanwo-Olu of Lagos State, whose support ...

   In a shocking development, the Nigerian Federal Government has suspended the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Sources reveal that Emefiele was arrested in Lagos by the Department of State Services (DSS) on June 10 and flown to Abuja for questioning which the DSS has now confirmed. The suspension is allegedly directly tied to a staggering $1 billion scandal that unfolded just before the inauguration. Startling revelations expose Emefiele’s borrowing of $1 billion from Afrexim Bank on April 24, 2023 after the elections, during preparations for the May 29 inauguration. Shockingly, within a mere two days of receiving the money, $750 million was swiftly transferred to Aliko Dangote’s Dubai accounts using a Form A. These explosive findings have rocked the nation, raising concerns of integrity, collusion, and abuse of power. It is alleged that the President-Elect was kept in the dark about this transaction. The magnitude and method of the transaction are mi...

  The ceremony around the planned visit by the Nigerian President to the Dangote Refinery on May 22, 2023, will peak with a cutting of the ribbon, inaugurating the 650,000 Barrels per stream Day Plant, located in the Eastern flank of Lagos, the country’s commercial city. Everyone, it seems, look forward to the production of petroleum products from the plant after that symbolic activity. But it will not happen. As President Muhammadu Buhari leaves office a week after commissioning one of the largest single train hydrocarbon processing plants on the planet, he could be forgiven for believing he had had his wish to be in such a large place but technology does not sit well with politics. The ongoing technical commissioning process has not gotten anywhere close to the point of introducing raw hydrocarbon into the plant, let alone delivering petroleum products. One key challenge of Nigeria’s chattering classes is that they hardly look up the regulation. Hydrocarbon will be introduced onl...

  In the midst of dwindling revenues and skyrocketing subsidy costs, Nigeria has taken a bold step by removing fuel subsidies, igniting controversy and unrest among its population. Despite the opposition’s claims that subsidy removal will disproportionately affect the poor, the government’s redirection of funds towards crucial sectors such as health and education paints a promising picture for Nigeria’s future. The recent World Bank loan of almost a billion dollars for palliative measures may provide temporary relief, but it is not seen a sustainable solution. However, the fate of the much-anticipated Dangote Refinery, meant to reduce Nigeria’s reliance on imported petroleum products, remains uncertain as unforeseen technical difficulties delay its completion.     The Dangote Refinery, announced in 2013 with an initial $3.3bn loan deal with local and foreign banks to fund the construction, was expected to transform Nigeria’s reliance on imported petroleum products and boo...

    The Federal Executive Council today approved the construction of four major roads in Kwara as part of the roads to be constructed under the Infrastructure Tax Credit Scheme( Executive Order 7). The roads are to be constructed by BUA Group at about 300billion Naira. Those involved are Kosubosu- Kaiama-Bode Saadu (130km); Bacita-Shonga-Lafiagi (83km); Eyenkorin-Afon-Offa-Odo Ottin (49km); and Okuta-Bukuro Road which connects to Benin Republic (32km). All the roads come to 294km. According to the State Government, ‘it is believed that upon completion, these projects will revolutionise road travels within KWARA and neighbouring States with huge potentials for development and food security. The Kwara State Government also believes that the approval of the road rehabilitation project is undoubtedly geared towards further opening up the state for economic growth. It therefore thanked President Muhammadu Buhari for the landmark development while also commending BUA Group for keyin...

   Forbes has released its list of world’s billionaires for 2023. The list, which came out Tuesday has a couple of surprises. This is more so since the last year has been full of falling stocks, wounded unicorns and rising interest rates which translated into a down year for many of the world’s richest people. One of the surprises however is the rise of BUA Group chairman Abdul Samad Rabiu. From 7.6Billion Dollars a few months ago, the Billionaire businessman and philanthropist’s rating in Forbes billionaires list has again shot up towering many to become the 249th richest person in the world and closing in on overtaking the third richest man in Africa, Nicky Oppenheimer who stands at 8.4billion Dollars. Rabiu’s latest worth is put at 8.2billion dollars. From 1.6billion Dollars in 2019, Forbes recorded that by 2022 his net worth was 6.9billion dollars and from there has jumped to 8.2billion Dollars in April 2023. 62-year old Abdul Samad Rabiu is essentially into cement and sug...

  Peoples Democratic Party (PDP) candidate in the Borno Central Senatorial election, Hon. Muhammed Kumaila has alleged that the Independent National Electoral Commission (INEC) are still thump printing ballot papers in its keep barely a month after the election. Kumaila who said this amounted to destroying and tampering with evidence that would be presented before the Election Petitions Tribunal, alleged that some adhoc staff of the commission in Borno were caught thumb printing and stuffing ballot boxes within the premises of Borno office of INEC in Maiduguri last Wednesday almost a month after the Presidential and National Assembly elections were held. Addressing journalists in Abuja on Saturday, Kumaila said following the outcome of the National Assembly election, where he lost to the candidate of the All Progressives Congress (APC), Kaka Shehu Lawal, he had filed a petition before the Election Petitions Tribunal sitting in Maiduguri.  He added that he subsequently obtained...

A Chieftain of the ruling All Progressives Congress (APC) in Ikeja Local government , Prince Adegboyega Kuku has distributed over 50  Joint Admissions and Matriculation Board (JAMB) forms to indigent but brilliant students in his constituency While presenting the forms on Friday at his Oregun office,the Accountant cum businessman enjoined the beneficiaries to ensure they pass their examination in flying colours to justify his investment and promised that he will continue to help the needy in his constituency Prince Kuku further posited that the beneficiaries of the scheme will be given free tutorial training by the foundation as well as other students who are children of party members in the constituency,stressing that the details will be posted on the website of his foundation  He equally posited that the problem bedeviling the country can not be left to government alone , but that privileged Nigerians should endeavour to plough back to the society  He assured that eithe...