Category: Uncategorized

  • NIDF: NGX Lists Additional 303,059 Units, Holdings Hit 1.197 Billion

    NIDF: NGX Lists Additional 303,059 Units, Holdings Hit 1.197 Billion

    The Nigerian Exchange Limited (NGX) has admitted an additional 303,059 units of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) to its Daily Official List, increasing the fund’s total outstanding units to approximately 1.197 billion.

    The listing followed the implementation of the fund’s first-quarter 2026 scrip dividend programme, according to a market bulletin issued by the Exchange.

    With the admission of the new units, the total number of issued units in the infrastructure-focused fund increased from 1,196,654,417 units to 1,196,957,476 units, further strengthening the fund’s presence on the Nigerian capital market.

    NGX notified Trading Licence Holders of the development, stating that the additional units arose from the distribution of scrip dividends to eligible investors who elected to receive additional units in lieu of cash dividend payments.

    The NIDF, managed by Chapel Hill Denham Management Limited, is Nigeria’s first and largest listed infrastructure debt fund. The fund was established to mobilise long-term capital for financing critical infrastructure projects across sectors including power, transportation, energy, and industrial development, while providing investors with stable income and capital preservation opportunities.

    Market analysts note that scrip dividend issuances are increasingly being utilised by collective investment schemes and listed entities as a means of rewarding investors while preserving cash resources for future investment and portfolio expansion.

    The latest listing is expected to enhance liquidity in the fund’s units on the Exchange and reflects continued investor participation in infrastructure-linked investment vehicles amid growing interest in alternative asset classes.

    As one of the flagship infrastructure investment products in Nigeria’s capital market, the NIDF has continued to attract institutional and retail investors seeking exposure to long-term infrastructure assets backed by predictable cash flows and relatively stable returns.

    The increase in the fund’s outstanding units also underscores the growing role of the capital market in mobilising domestic savings for infrastructure development, a key priority in Nigeria’s efforts to bridge its significant infrastructure financing gap.

    The Nigerian Exchange said the newly listed units are now available for trading, enabling investors to buy and sell the additional units through the secondary market alongside existing holdings.

    NIDF: NGX Lists Additional 303,059 Units, Holdings Hit 1.197 Billion is first published on The Whistler Newspaper

  • Oyo govt, stakeholders seek stronger partnership to improve education

    Oyo govt, stakeholders seek stronger partnership to improve education

    Oyo State Government and stakeholders in the education sector have called for stronger collaboration between government, alumni bodies, and

    The post Oyo govt, stakeholders seek stronger partnership to improve education appeared first on Tribune Online.

  • Israel Accuses Hezbollah Of Ceasefire Violation, Strikes Beirut

    Israel Accuses Hezbollah Of Ceasefire Violation, Strikes Beirut

    Israel has struck a building in Beirut’s southern suburbs, killing at least one person and injuring four others, after accusing Hezbollah of launching three projectiles towards northern Israel in what it described as a blatant ceasefire violation.

    The Israeli military said Hezbollah’s projectiles violated the ceasefire, coming hours after Israel issued forced displacement orders for residents of more than two dozen towns in southern Lebanon.

    Israel said it was responding to Hezbollah missiles and drones.

    The Israeli military carried out the strike on Beirut after three Hezbollah drones hit northern Israel earlier in the day.

    The strike targeted an apartment that the Israel Defense Forces said served as a Hezbollah command centre. Lebanon’s National News Agency reported that at least one person was killed and four were injured in the strike.

    A senior Iranian parliament member reacted sharply to the strike, with Ebrahim Rezaei, spokesperson for the parliament’s foreign policy and national security committee, writing on social media: “If you seek an agreement or understanding, you must discipline the Zionist regime. If this rabid dog is not controlled, it will bite your leg before the ink is dry on the agreement.”

    Tehran has said that any Israeli attack on Beirut would violate its ceasefire with the U.S. and could trigger an Iranian response.

    Israel continues to attack Lebanon despite Iran saying the country is included in a proposed memorandum of understanding with the U.S. to end the war in the region.

    The escalation follows Hezbollah’s rejection last week of a ceasefire proposal agreed between Israel and Lebanon after U.S.-led negotiations.

    Hezbollah leader Naim Qassem said the group was “concerned only with a comprehensive cessation of aggression, a ceasefire, and the withdrawal of Israel,” rejecting the proposal as fulfilling “the enemy’s objectives.”

    Israel’s Defence Minister Israel Katz said the Israeli military would continue “its fire and activity in the area at this stage” and would “remain in the security zone in Lebanon… without the return of the Lebanese population.”

    The latest exchange comes amid a broader pattern of hostilities between Israel and Hezbollah in recent days.

    Hezbollah said it repelled two Israeli ground incursions and carried out 19 attacks targeting Israeli troops in southern Lebanon on Friday and Saturday.

    Israel Accuses Hezbollah Of Ceasefire Violation, Strikes Beirut is first published on The Whistler Newspaper

  • NYSC Halts 2026 Batch B Stream I Orientation In Niger

    NYSC Halts 2026 Batch B Stream I Orientation In Niger

    The National Youth Service Corps (NYSC) on Sunday announced the suspension of the 2026 Batch B Stream I Orientation Course for prospective corps members deployed to Niger State.

    NYSC disclosed this on its official X handle, stating that the suspension was due to ongoing renovation work at the orientation camp.

    It further stated that affected prospective corps members would be informed later of new arrangements for the exercise.

    “This is to notify the General Public and Prospective Corps Members (PCMs) deployed to Niger State for the 2026 Batch B Stream I Orientation Course that their Orientation Course Exercise is suspended for now due to ongoing renovation work at the Orientation Camp,” the statement on X read.

    It added, “PCMs affected should note that they will be contacted at a short notice on where and when to report for their Orientation Course.

    “The Management regrets all inconveniences to the affected PCMs and their parents.”

    This makes it the second time this year. The scheme’s suspension of orientation activities in Niger is linked to infrastructure challenges.

    Earlier in 2026, a severe windstorm damaged key facilities at the State camp in Paiko, Paikoro Local Government Area, including male hostels, the multi-purpose hall, kitchen, and staff quarters.

    Reacting, Governor Mohammed Bago directed immediate repairs.

    The 2026 Batch B Stream I orientation exercise which commenced on Wednesday, June 10, 2026, was scheduled to run through Tuesday, June 30, 2026, nationwide.

    NYSC Halts 2026 Batch B Stream I Orientation In Niger is first published on The Whistler Newspaper

  • 2027: How NDC leaders are fighting to keep coalition together

    2027: How NDC leaders are fighting to keep coalition together

    Barely four months after its formation, the Nigeria Democratic Congress (NDC) is facing what many consider its first major test of

    The post 2027: How NDC leaders are fighting to keep coalition together appeared first on Tribune Online.

  • World Cup 2026: Vinicius makes promise after Brazil fail to beat Morocco

    World Cup 2026: Vinicius makes promise after Brazil fail to beat Morocco

    Brazil winger Vinicius has vowed that Carlo Ancelotti’s side will improve in their next match after failing to beat Morocco in Saturday’s World Cup encounter.

    Vinicius scored Brazil’s only goal of the match after Ismael Saibari had put Morocco in front.

    The World Cup opener ended in a 1-1 draw after 90 minutes as both Brazil and Morocco got a point each.

    In a post on Instagram after the game, the Real Madrid star wrote, “Thank you God, we want more and will improve. Let’s go together, Brazil.”

    Brazil’s next World Cup tie is against Haiti on Saturday, June 19.

    They will face Scotland in their final game of the group stage on June 24.

    World Cup 2026: Vinicius makes promise after Brazil fail to beat Morocco

  • Promote unity among Muslims – Islamic cleric charges Chief Imam of Ilorin designate 

    Promote unity among Muslims – Islamic cleric charges Chief Imam of Ilorin designate 

    An Islamic cleric and the first Muqaddamul Wai’zeen of Oyo State, Fadeelatus-Sheikh Abdul-Mu’min Shehu Usman,, has enjoined the Chief Imam of Ilorin designate, Sheikh Muhammad Bashir Dasuki Imam Fulani, to try his best to promote unity and peace among the Muslim Ummah. 

    Usman made the call in a statement congratulating the Chief Imam-designate. 

    The Ogbomoso-based Islamic cleric in the congratulatory letter explained that the selection of the Chief Imam designate is a testimony of his deep-rooted knowledge, humility, and lifelong dedication to Qur’an and Sunnah.

    He prayed to Almighty Allah to make the new Chief Imam a man of guidance and a lamp in darkness and urged him to promote unity among the Ummah, champion progress and development. 

    Usman, in the statement, said, “It is with a heart brimming with joy and gratitude to Allah that I, Fadeelatus-Sheikh Abdul-Mu’min Shehu Usman, Muqaddamul Wai’zeen of Oyo State, write to rejoice with you, your esteemed family, the Ulama Council of Ilorin, and the entire Muslim Ummah on your appointment as the Grand Chief Imam of Ilorin Emirate by the Emir of Ilọrin.

    “I humbly implore you to use this blessed position to promote Unity Among the Ummah. Champion progress and development. Encourage education, skills, entrepreneurship, and service to humanity. Let our mosques be centers of knowledge, welfare, and solutions for our people’s challenges.  

    “Speak with wisdom and mercy. O Allah, make him an Imam of guidance and a lamp in darkness. Unite the Muslims through him, soften their hearts, make his opinion sound, and bless his knowledge, deeds, life and offspring. Make him a key to good for the Ummah and a lock against evil. Ameen.

    “The eyes of Nigeria and beyond are on Ilorin. With your leadership, I am confident the Emirate will shine brighter as a beacon of scholarship, peace, and progress. The bond between other Cities and Ilorin Ulamā’ remains strong, and I pledge my sincere du’as and cooperation for the sake of Islam”. 

    Promote unity among Muslims – Islamic cleric charges Chief Imam of Ilorin designate 

  • Gov Ododo vows to flush criminals out of Kogi’s forests

    Gov Ododo vows to flush criminals out of Kogi’s forests

    Kogi Governor, Alhaji Ahmed Ododo, has reaffirmed his administration’s determination to reclaim the state’s forests from

    The post Gov Ododo vows to flush criminals out of Kogi’s forests appeared first on Tribune Online.

  • Heavy rain triggers first flash floods in Adamawa communities

    Heavy rain triggers first flash floods in Adamawa communities

    The town of Ganye has experienced a major flood incident that heralds the onset of rains in the usually hot and dry Adamawa State.

    The flood extended from the southern Adamawa town to some parts of the capital, Yola, in what appears to have been a widespread rainfall.

    Witnesses who spoke from Ganye told DAILY POST on  Sunday morning that nearly every home in Ganye had a feel of flood water, at least by way of overflows from street gutters around them.

    “Dirty flood waters gushed out of drains and entered many houses, destroyed assets and made many roads impassable,” Miss Joy Julde who was in Ganye for the weekend said about the flood.

    She added that many houses that escaped the ordeal of having to vacate their abodes still had to deal with flooded street-sides.

    The town which is headquarters of Ganye LGA and seat of the Ganye Emirate was said to have experienced hours of continuous heavy rainfall, hence what has been described as severe flooding.

    There has been no report of any death, at least not by Sunday afternoon when this report was concluded, but  many Ganye residents reported several  losses.

    In Yola, parts of Jimeta, the political and commercial nerve of the state, the same reality of flood water overflowing drainages and rivers, as in Ganye, occuured, with the neighbourhood of the city’s main shopping centre, the Jimeta Modern Market affected.

    A lady who went to the market after the council election in the later part of the day, Martha Jeremiah, expressed surprise that the usually well-kept concrete grounds of the market were flooded.

    “I got to the Gate 1 area but had to return home because the whole entrance and inside were flooded,” Martha said.

    Heavy rain triggers first flash floods in Adamawa communities

  • 2026 World Cup: VAR failed – FIFA releases statement on controversial Switzerland goal

    2026 World Cup: VAR failed – FIFA releases statement on controversial Switzerland goal

    FIFA have released a statement, confirming that the technology providing VAR offside images went down, before Switzerland’s controversial opener vs Qatar.

    Breel Embolo opened the scoring from the penalty spot after Remo Freuler had been fouled following a collision with Qatari goalkeeper Mahmud Abunada.

    Freuler, however, looked as though he was offside.

    The incident was checked by VAR, but it was decided that Freuler was onside.

    FIFA did not provide a replay and has now revealed that the technology that generated the semi-automatic images had gone down.

    An official statement read: “During the Qatar vs. Switzerland match in the San Francisco Bay Area, a brief technical outage prevented the onside animation graphic from being generated ahead of the penalty awarded to Switzerland in the 14th minute. The issue was quickly resolved.

    “The workflow of the VAR was not affected by this issue and followed the normal procedure in checking the on-field decision. The lines used by the VAR to check the position of the relevant players did not show the attacking player to be in an offside position in either of the two situations immediately before the penalty decision.”

    2026 World Cup: VAR failed – FIFA releases statement on controversial Switzerland goal