Connect with us

latest

Champion Breweries Makes History With ₦30 Billion Maiden Bond Issuance.

Published

on

According to Nivo News, Champion Breweries Plc has successfully completed its inaugural ₦30 billion 5-year Fixed Rate Senior Unsecured Bond issuance at a coupon rate of 19.50%, under its ₦45 billion Bond Issuance Programme. This historic transaction marks the first bond issuance by a company in Nigeria’s breweries sub-sector, reflecting Champion Breweries’ commitment to diversifying its funding sources, strengthening its capital structure, and positioning itself for sustainable growth in a competitive market.....KINDLY READ THE FULL STORY HERE▶

Nasarawa Police Deny Herdsmen Attack, Reveal Incident Was Robbery.

Despite being launched amid a volatile interest rate environment, the bond attracted strong demand from a wide range of institutional investors, including Pension Fund Administrators, Asset Managers, Trustees, banks, registrars, and high-net-worth individuals, underscoring confidence in the company’s creditworthiness and long-term growth strategy. Proceeds from the bond will be allocated to enhancing operational efficiency, modernizing production infrastructure, and supporting long-term value creation for stakeholders.

Dollar Trades at ₦1615 on Black Market Amidst Continued Forex Pressure

Chairman of Champion Breweries, Mr. Imo-Abasi Jacob, described the bond issuance as “more than a financing milestone; it is a statement of intent,” emphasizing the company’s resilient business model and strong governance. CEO Dr. Inalegwu Adoga highlighted that the capital raised would be deployed to drive operational efficiency and consolidate the company’s leadership in Nigeria’s beverage market.

DHQ Confirms US-Nigeria Joint Airstrikes Target ISIS Terrorists in Northwest.

Rand Merchant Bank Nigeria Limited (RMB Nigeria) acted as Lead Issuing House and Bookrunner for the bond, with Executive Director Chidi Iwuchukwu noting the transaction as a significant milestone for both the company and the breweries sub-sector, reflecting the depth and sophistication of Nigeria’s debt capital markets. CEO Bayo Ajayi added that the successful issuance demonstrates the growing confidence of investors in long-term funding opportunities within the sector and sets a precedent for future bond offerings.

Nigerians React As INEC Voice Out Concern Over Prolific Litigation And Conflicting Court Judgments In Nigerian Elections

Advertisement

latest

Wizkid: He Cannot Measure Up To Fela Even If He Were To Live Ten Times – Ojudu.

Published

on

Former presidential aide Babafemi Ojudu has strongly criticized a Nigerian musician for comparing himself to the late Afrobeats legend, Fela Anikulapo-Kuti.....KINDLY READ THE FULL STORY HERE▶

Naija News reports that Wizkid recently clashed online with Seun Kuti, Fela’s son, claiming he was greater than the Afrobeat pioneer.

In a detailed Facebook post on Wednesday, Ojudu described Fela as an unparalleled cultural and musical icon whose influence transcends generations.

Dollar Trades at ₦1615 on Black Market Amidst Continued Forex Pressure

“Is it true that a Nigerian youngster said he is greater than Fela? I sincerely hope he was misquoted,” Ojudu wrote. “Even if he were to live ten lifetimes, his art and his life could not measure up to Fela Anikulapo-Kuti.”

Ojudu highlighted Fela’s monumental contributions to music, activism, and African consciousness, calling him “a movement, a conscience, a revolution in human form.”

Nigerians React As INEC Voice Out Concern Over Prolific Litigation And Conflicting Court Judgments In Nigerian Elections

“Fela was not just a musician; he was a movement, a conscience, a revolution in human form. His music gave birth to Afrobeat—a genre now studied in universities worldwide, sampled by global superstars, and performed on the world’s greatest stages,” he added.

The former aide praised Fela’s courage and originality, emphasizing how his music challenged oppression and corruption during Nigeria’s military era.

Niger State Governor Mohammed Umaru Bago Leads Road Reconstruction Efforts With Groundbreaking Ceremony

“Fela stood alone, fearless in the face of military dictatorships, unapologetic in resisting oppression. He used his music as a weapon against injustice, corruption, colonial mentality, and state violence. He was arrested over 200 times, brutalized, imprisoned, tortured, exiled, and silenced, yet never broken,” Ojudu said.

He also recalled the personal sacrifices Fela endured, including the murder of his mother, the burning of his home—the Kalakuta Republic—and the seizure of his property, yet he remained defiant.

Oshiomhole Dismisses Blame On Tinubu For Economic Woes In Buhari's Government 

“His mother was murdered by the state. His house was burned to the ground. His property seized. He was flogged, beaten, and jailed from Alagbon to Panti, hounded by police and soldiers alike. Yet after every assault, Fela returned with sharper lyrics, deeper rhythms, and more defiant truth,” Ojudu wrote.

APC, Civil Groups Clash As Ondo Legislature Becomes One-Party Chamber.

In a sharp warning, he said anyone daring to compare themselves to Fela “must first walk the corridors of Nigerian jailhouses” and endure the persecution Fela faced.

“For any young person, musician or not, to compare himself to Fela, he must first experience police cells and military tribunals, lose everything, go into exile, and still return with his creative spirit intact,” Ojudu said.

Ogun Shines in Ball Games, Secures Spots in Six National Sports Festival Finals

He underscored Fela’s enduring legacy as “a multi-instrumentalist, composer, bandleader, philosopher, and cultural theorist” whose influence remains global.

“Fela did not chase acceptance. The world came to him,” he added.

Concluding, Ojudu dismissed Wizkid’s claim as unworthy of attention.

DHQ Confirms US-Nigeria Joint Airstrikes Target ISIS Terrorists in Northwest.

“So, whoever made such a claim should simply be ignored. He may be one of those who would flee the country the moment the police knock once on his car window in Ojuelegba. Fela did not run. Fela stood. Fela fought. And Fela remains immortal. Anikulapo, the man who carried death in his pouch,” Ojudu wrote.

Continue Reading

latest

“FCT Council Polls: Court Confirms INEC’s Decision To Bar Labour Party”.

Published

on

The Federal High Court in Abuja has upheld the exclusion of Labour Party (LP) candidates from the upcoming Area Council elections in the Federal Capital Territory, scheduled for February 21.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment on Wednesday, Justice Peter Lifu refused to compel the Independent National Electoral Commission (INEC) to accept or publish the list of candidates submitted by the Labour Party.

APC, Civil Groups Clash As Ondo Legislature Becomes One-Party Chamber.

The court dismissed the suit, filed by the Labour Party and its candidates against INEC under case number FHC/ABJ/CS/2110/2025, on the grounds that it was statute-barred.

DHQ Confirms US-Nigeria Joint Airstrikes Target ISIS Terrorists in Northwest.

Justice Lifu noted that the matter was a pre-election dispute under the 1999 Constitution (as amended) and was not filed within the legally required timeframe. While the Labour Party filed the suit on October 7, 2025, the cause of action—the exclusion of its candidates by INEC—occurred on October 22, 2025.

Nasarawa Police Deny Herdsmen Attack, Reveal Incident Was Robbery.

The judge referenced Section 285(14)(c) of the Constitution, which requires pre-election suits to be filed within 14 days of the cause of action. “Having not been filed within the statutory period, this court no longer has the jurisdiction to entertain the matter,” he ruled.

Dollar Trades at ₦1615 on Black Market Amidst Continued Forex Pressure

Justice Lifu also noted that a similar case involving the same parties was pending before a High Court in Nasarawa State, which he said suggested forum shopping and further weakened the Labour Party’s position.

Nigerians React As INEC Voice Out Concern Over Prolific Litigation And Conflicting Court Judgments In Nigerian Elections

The Labour Party had argued that INEC acted unlawfully by excluding its candidates and omitting its logo from the list of participating parties, despite sending letters to the INEC Chairman on September 8 and October 2, 2025, which went unanswered. The party maintained that without court intervention, it would be unfairly denied the chance to field candidates in the FCT council elections.

Aduku: Edo Queens Will Tackle Super Six with Championship Mindset

However, the court rejected all reliefs sought by the LP and dismissed the case entirely.

INEC’s decision to exclude Labour Party candidates was influenced by the ongoing leadership crisis within the party, which prevented the electoral body from recognising the list of candidates submitted by its rival factions.

Police: No Bombs Were Planted in Abuja.

Continue Reading

latest

Ex-Army General Reveals How ‘Boko Haram Leader’ And Terror Funding Suspects Were Freed.

Published

on

A retired Nigerian Army Major General, Danjuma Hamisu Ali-Keffi, has urged a thorough investigation into the release of 48 terrorism financing suspects, including a man identified by foreign intelligence agencies as a top Boko Haram leader, who were previously held by the military.....KINDLY READ THE FULL STORY HERE▶

Ali-Keffi, who in October 2020 was appointed by former President Muhammadu Buhari to lead the covert Operation Service Wide (OSW), described the circumstances surrounding their release as a major national security concern. OSW, which included personnel from the military, intelligence agencies, and legal officers from the Attorney-General’s office, was tasked with investigating terrorism financiers and collaborators.

Niger State Governor Mohammed Umaru Bago Leads Road Reconstruction Efforts With Groundbreaking Ceremony

In an interview with SaharaReporters, Ali-Keffi revealed that the task force collaborated with 33 countries, including the US, UK, and the EU, through the Nigerian Financial Intelligence Unit (NFIU). He alleged that the National Assembly failed to investigate the matter due to compromises involving a former Army chief.

Nigerians React As INEC Voice Out Concern Over Prolific Litigation And Conflicting Court Judgments In Nigerian Elections

According to Ali-Keffi, OSW had arrested 48 individuals tied to terrorism financing, including a principal Boko Haram leader as identified by Western and Middle Eastern intelligence agencies. He claimed that substantial counterterrorism funds were diverted to prominent military and government officials, including some National Assembly members, and suggested that putting the suspects on trial would have exposed this misappropriation.

Aduku: Edo Queens Will Tackle Super Six with Championship Mindset

Ali-Keffi further alleged that some of the suspects operated Bureau De Change firms as fronts to launder funds both for officials and Boko Haram operations. He specifically questioned the release of Hima Abubakar, whose $600 million offshore account was traced by the NFIU.

Oshiomhole Dismisses Blame On Tinubu For Economic Woes In Buhari's Government 

“Who ordered the release of these 48 terror financing suspects? Why were they freed without trial? And why did the government request the US to unfreeze Abubakar’s $600 million account despite prior indictments by the Committee on Defence and Arms Procurement (CADEP)?” he asked.

DHQ Confirms US-Nigeria Joint Airstrikes Target ISIS Terrorists in Northwest.

He also condemned the release of Alhaji Saidu Ahmed, aka Saidu Gold, identified as a top Boko Haram leader, despite intelligence linking him to recruits later jailed in Dubai for terrorism.

Nasarawa Police Deny Herdsmen Attack, Reveal Incident Was Robbery.

Ali-Keffi recalled that the late Chief of Army Staff, Lt-Gen. Ibrahim Attahiru, had started a forensic audit into counterterrorism funds and unfinished procurement projects but died days before acting on the findings, which he claimed were suppressed.

Dollar Trades at ₦1615 on Black Market Amidst Continued Forex Pressure

He called for a full-scale investigation into terrorism financing and the handling of counterterrorism funds, warning that a public release of OSW’s findings would implicate many military and government officials, including lawmakers.

Continue Reading

Trending

Copyright © 2023 NIVONEWS