Business Telecommunications Top Story

MTN Group sells 575 million ordinary shares in Nigerian business

The MTN Group has announced plans to sell 575 million shares in MTN Nigeria. This is contained in a notice signed by the Company Secretary, Mrs Uto Ukpanah on Thursday in Lagos. The statement said the public offer would be by way of book build to institutional investors and fixed prices to retail investors. “Today Read More…

Legal Metro Top Story

All receipts, contracts issued without NIPOST stamp denotation are now illegal

It is now illegal for receipts or documents to be issued without the stamp denotation of the Nigerian Postal Service (NIPOST). This was declared on Thursday when NIPOST officially launched the stamp denotation implementation for traders at the Alaba International Market, Ojo, in Lagos, according to a News Agency of Nigeria (NAN) report. Dr Ismail Read More…

Metro Top Story

Fatalities at collapsed building now 39, owner among the dead

A report by the News Agency of Nigeria (NAN) says the casualty figure at the collapsed 21-storey high-rise building at Gerrard Road, Ikoyi, now stands at 39. Among the dead, according to NAN quoting a reliable source, is MD/CEO Fourscore Homes, owner of the collapsed building, Femi Osibona. The report says the bodies retrieved from Read More…

Metro Top Story

Lagos govt declares 3-day mourning as death toll from Ikoyi 21-storey high-rise collapse is now 32

In picture above: Lagos State Governor, Mr. Babajide Sanwo-Olu (second right), Commissioner for Special Duties & Inter-Government Relations, Engr. Tayo Bamgbose-Martins (right) and Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Femi Oke-Osanyintolu (left) during a revisit to the site of the Ikoyi building collapse, on Thursday, November 4, 2021. Credit: LASG The Lagos State Read More…

Metro Top Story

Rising figures trail casualties at Ikoyi collapsed highrise as Lagos Govt orders probe

In picture above: People react as they gather at the site of a collapsed building in Ikoyi, Lagos, Nigeria, November 1, 2021. REUTERS/Temilade Adelaja Various sources are citing increasing casualty figures as salvage work at the collapsed 21-storey highrise building continues. While the Lagos State government on Tuesday said 14 people were dead as at Read More…

Metro Top Story

Several workers trapped under collapsed highrise in Ikoyi

A luxury residential highrise under construction in Ikoyi collapsed on Monday, and witnesses say that several workers were trapped under a pile of concrete rubble According to workers who escaped the collapse, it is possible that about 100 people were at work when the building came crashing down. Building collapses have become frequent in Lagos, Read More…