Topnaija latest news updates for today, 19th Oct 2024

Good morning, Nigeria, and welcome to Topnaija.ng latest Nigerian news updates, including the newspaper headlines for today, Saturday, October 19, 2024.

Jigawa commissioner arrested for adultery in Kano State

The Kano State Hisbah Board arrested and imprisoned Jigawa Commissioner of Special Duties, Auwal Danladi Sankara, for reportedly committing adultery with a married woman, Tasleem Baba Nabegu.

The Jigawa Commissioner arrested for adultery was found red-handed with Nabegu in an unfinished building he owned. Read more here.

FBN Holdings revises rights issue proposal amid legal challenges

FBN Holdings Plc has submitted a revised application for its proposed Rights Issue to the Nigerian Exchange Limited (NGX) following the suspension of the original offer due to a court injunction from an aggrieved shareholder.

The updated proposal seeks to issue 5,982,548,799 ordinary shares at 50 kobo each, priced at N25 per share, replacing the earlier plan to offer 8,973,823,198 ordinary shares at N15.50 each. Read more here.

Nigerian exchange closes with marginal loss, ASI down by 0.01%

The Nigerian Exchange (NGX) closed its latest trading session with a marginal loss, as the All-Share Index (ASI) fell by 11.10 points, settling at 98,070.28.

This decline occurred following a modest uptick in the previous session, with market capitalization decreasing by N6.728 billion to N59.425 trillion. Read more here.

Chevron discovers new oil in Niger Delta – 17,000 BPD

Chevron Nigeria has announced a new oil discovery in the Niger Delta, with a production potential of up to 17,000 barrels per day.

The find was made in the Meji NW-1 well within Petroleum Mining Lease 49, a shallow offshore block operated in partnership with the Nigerian National Petroleum Company (NNPC). Read more here.

MTN Nigeria launches eco-friendly SIM cards

MTN Nigeria announced the launch of paper-based, biodegradable SIM cards on Friday, reinforcing its commitment to sustainability and reducing greenhouse gas (GHG) emissions.

This move aligns with the company’s ambitious Project Zero initiative, which aims for net-zero emissions by 2040. Read more here.

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