Day: August 6, 2025

Edo State banning NURTW, RTEAN, and ANNEWAT

Editor

With immediate effect, the Edo State government on Wednesday outlawed the operations of Drivers on Wheels, ANNEWAT, the Road Transport Employers Association of Nigeria, and the National Union of Road Transport Workers. The unions are not permitted to collect any kind of dues, levies, taxes, or charges from drivers, dealers, or any other member of the public in the state, according to a statement made by Umar Ikhilor, the secretary to the state administration. The Edo State Government, led by Senator Monday Okpebholo, has noted with great concern the startling…

First HoldCo Plc set to dispose shares after Otudeko’s exit

Editor

Plans have been revealed by First HoldCo Plc to sell a 25% stake in the business that was recently transferred to RC Investment Management Ltd., a special purpose organization. During a recent investor conference call in Lagos, Wale Oyedeji, the managing director of First HoldCo, revealed the development, according to Bloomberg. “Those shares will be disposed of, and we have a variety of options,” Oyedeji stated. Without providing a timeframe, he continued, “In the end, you will see that those shares will be disposed of in the market.” About 10.43…

Nationwide alert: FG warns of five-day flooding in 19 states

Editor

Over a five-day period, the Federal Government has predicted severe rains that might cause flooding in 76 areas and 19 states. The Federal Ministry of Environment’s National Flood Early Warning Systems Centre issued the warning on Tuesday, urging citizens and stakeholders to take immediate preventative action. This occurs as disastrous flooding hit Ogun and Gombe states on Tuesday. The tragedy also devastated Lagos, Plateau, Anambra, and Delta states. Our correspondent was able to receive the center’s flood prediction, which states that between August 5 to August 9, 2025, rainfall is…