Kosofe News

Stock market gains N1.5tr on Tinubu’s policy direction The Nigerian stock market yesterday gave a rousing welcome to President Bola Ahmed Tinubu’s policy direction. Intense bargain-hunting for Nigerian equities rallied the market to a net capital gain of N1.51 trillion, its highest gain in a day in two and half years. The naira also recorded a marginal gain in response to the Presidential policy enunciation. The benchmark index for the Nigerian stock market, the All Share Index (ASI), posted an average return of 5.23 per cent, its highest gain since November 12, 2020.  The gain by ASI, a value-based index that tracks all quoted shares at the Nigerian Exchange (NGX), was equivalent to N1.51 trillion. The rally, on the first trading day after Tinubu’s Monday Inauguration Day address, pushed the average year-to-date return for Nigerian equities to 8.77 per cent, putting Nigeria back on the world’s chart of top stock market returns. The aggregate market value of all quoted equi

Corrupt police sergeant dismissed over N98,000 extortion. Lagos State Police Command has announced the dismissal of Sergeant Ekpo Shimuyere from the Sogunle Division for extorting N98,000 from a young man. The Lagos State Police Command’s spokesperson, SP Benjamin Hundeyin, disclosed on Wednesday that Shimuyere was dismissed and disrobed by the Provost Department of the command for extorting N98,000 from a young man. Shimuyere, it was reported, collected the young man’s phone and used a POS operator to transfer N98,000 out of the N100,000 in the young man’s bank account. Hundeyin stated that the policeman’s actions were against the ethics of the profession. “Police got the complaint from the victim and the officer denied the crime when he was contacted. The command placed him under detention so that he will not tamper with the evidence. “We wrote to his bank and obtained his statement of account. We were able to trace the money to where the POS operator transferred it befor

On Friday, 25th of May, 2023, Special Adviser on Special Duties & Intergovernmental- Relations to the Governor, Ogunlede (RAK) handed over to the Ministry of Special Duties and Intergovernmental Relations. It has been a great privilege to be part of the Governor. Babajide Olusola Sanwo-Olu led administration to serve the people of Lagos State as the Special Adviser to the Governor on Special Duties & Intergovernmental Relations. The journey has been so beautiful with so much of passion, dedication, experience and result driven mindset knowing that Mr. Governor is so committed to serving the people of Lagos State. Thank you so much, it’s been a pleasure serving the people of Lagos State. - *Mobolaji Ogunlende (RAK)* Former Special Adviser To Lagos State Governor on Special Duties and Inter-Governmental Relations.  #RisingStar

FAREWELL SPEECH BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT AND COMMANDER-IN-CHIEF, FEDERAL REPUBLIC OF NIGERIA (SUNDAY, 28/05/23) My fellow Nigerian brothers, sisters and friends of Nigeria. 2. I address you today, in my last assignment as a democratically elected President of our great and well endowed nation, with a deep sense of gratitude to God, a great deal of appreciation to the Nigerian people and a modest sense of fulfilment. 3. Today we mark and celebrate another peaceful transition of power from one elected government to another in our steady march to improve and sustain Nigeria’s democracy. 4. This year we witnessed the most keenly contested Presidential Elections since the first Republic and this demonstrates that our democracy is getting better and more entrenched with each election. 5. We must as a nation improve and sustain gains we make in the electoral process, on an incremental basis for Nigeria to take its rightful place among Nations. 6. Our democrac

REV & PASTOR (MRS) TUNDE OKE GIVES OUT DAUGHTER IN MARRIAGE AT AKUTE, OGUN STATE  By Comrade Taiwo Fadipe. The joining together of the new couple in town took place on Thursday, the 18th, and Saturday, the 20th 2023 respectively at Ishasi Akute at the prestigious Event Center, Yisrael Hall in Ojodu-Berger, in an elaborating wedding ceremony. What God has joined together "let no man put asunder" as the entire families of Reverend & Pastor (Mrs) Tunde Oke and Late Mr & Asst/ Pastor Mrs. Samuel Adeniyi Ayodele flaunted a Stylish and epic wedding for their loving daughter and son, Faith Oluwatosin & Emmanuel Oluwatayo. The wedding attracted a large turnout of guests, family members, pastors, traditional rulers, friends, church members, and business ass