Multichoice Rejects Canal+ Takeover Offer: Valuation At $2.5 Billion Deemed Insufficient

Multichoice Rejects Canal+ Takeover Offer: Valuation at $2.5 Billion Deemed Insufficient

Multichoice, the prominent African pay-TV company, has officially rejected a takeover offer from Canal+, a leading French television provider. The proposal, which valued Multichoice at $2.5 billion, was turned down by Multichoice’s Board after thorough deliberation. In an official statement, the Board expressed its dissatisfaction with the offered price of R105 in cash, asserting that…

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Construction Unions Escalate Warning Strike, Demands Unmet In Face Of Employers' Resistance

Construction Unions Escalate Warning Strike, Demands Unmet in Face of Employers’ Resistance

Construction Workers Commence Three-Day Warning Strike Within the construction unions industry, workers have commenced a three-day warning strike, shedding light on employers’ apparent hesitance to implement the Federal Government’s wage award. This move has been jointly articulated by the National Union of Civil Engineering Construction, Furniture and Wood Workers (NUCECFWW) and the Construction and Civil…

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Tcn'S Tower 388 Vandalized: Urgent Recovery Actions, Legal Pursuits; Collaborative Security Measures Ensue For Strengthening National Power Grid

TCN’s Tower 388 Vandalized: Urgent Recovery Actions, Legal Pursuits; Collaborative Security Measures Ensue for Strengthening National Power Grid

TCN Tower 388 Vandalized The Transmission Company of Nigeria (TCN) faces a critical challenge as tower number 388 along the Jos–Bauchi, 132kV Single Circuit transmission line has been maliciously vandalized, resulting in a significant disruption to the power grid. In an official statement today, TCN disclosed the severe consequences of this act, emphasizing the urgent…

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Air And Ground Coordination In Kastina State Pays Off As Terrorists Neutralized And Enclave Destroyed

AIR AND GROUND COORDINATION IN KASTINA STATE PAYS OFF AS TERRORISTS NEUTRALIZED AND ENCLAVE DESTROYED

A meticulously planned and seamlessly executed joint operation in kastina states between the Air Component of Operation Hadarin Daji and the 17 Brigade of the Nigerian Army unfolded on January 30, 2024, marking a significant triumph in the ongoing efforts to combat terrorism. The focal point of this operation was the strategic Tora Hills in…

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Zamfara State, A Hotbed Of Banditry In Northern Nigeria, Witnessed Infighting Among Rival Bandit Groups

A Northern Senator Under Scrutiny: Allegations of Terrorism, Banditry, and Kidnapping Sponsorship

Security agencies in the country are closely monitoring an influential Northern Senator accused of spearheading terrorism, banditry, and kidnapping. This powerful lawmaker, concurrently leading a crucial committee in the Senate, has been identified as a key sponsor and financier of banditry and other terror-related activities in the North. Reports suggest an unholy alliance between the…

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Inec Halts Rerun Elections Amidst Turmoil Sparks Urgent Calls For Electoral Reforms And Collaborative Solutions

INEC Halts Rerun Elections Amidst Turmoil Sparks Urgent Calls for Electoral Reforms and Collaborative Solutions

INEC’s Decision to Suspend Rerun Elections The Independent National Electoral Commission (INEC) has taken a decisive step by suspending ongoing rerun elections in Enugu, Kano, and Akwa Ibom States. This pivotal decision stems from a cascade of disruptions and irregularities, further exacerbated by the alarming abduction of election officials. The move by INEC serves as…

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Federal Government Mulls Concession For Ajaokuta Steel Company'S Revival

Federal Government Mulls Concession for Ajaokuta Steel Company’s Revival

In a significant move aimed at revitalizing the dormant Ajaokuta Steel Company, the Federal Government, through the Ministry of Steel Development, is contemplating a concession process. This decision, disclosed by the Minister of Steel Development, Shuaibu Audu, during a press interaction in Abuja, is part of a broader strategy to expedite the revival of the…

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