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Monday

FG Laments Increase In Homosexuality, Wearing Of Dreadlocks and other major headlines you missed today...



Dear KFBers, we have got loads of interesting stories in tonight's #MajorHeadlinesYouMissed feature...enjoy!


FG Laments Increase In Homosexuality, Wearing Of Dreadlocks
The Federal Government says social values have been eroded, adding that Nigerian youths have embraced same sex marriage. .
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The government said some youths had even staged a protest before the National Assembly for the repeal of the Same Sex Marriage (Prohibition) Act which prescribes a 14-year jail term for anyone who enters into a gay marriage. .
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The Director General of the National Orientation Agency, Dr. Garba Abari, said this during a programme titled, ‘Anti-Corruption: The Role of Media as Change Agents’ in Abuja on Saturday. .
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The programme was organised by the Muslim Media Practitioners of Nigeria. The NOA boss also urged youths to stop wearing dreadlocks and saggy trousers. He said, “The wearing of tattoos, dreadlocks, sagging trousers and the painting of hair have become a vogue among our young men and women.
Our youths are now publicly clamouring for the legalisation of gay marriage and are about to boldly take the campaign to the hallowed chambers of the National Assembly to press for it as a fundamental human right.”





 FRSC redeploys Rivers sector commander who cut the hair of two female officers, 70 others

The Corps Marshal of the Federal Road Safety Commission (FRSC), Dr. Boboye Oyeyemi, has redeployed 71 senior officers nationwide for enhanced performance.

The redeployment, aimed at repositioning the commission, affected three zonal commanding officers alongside several sector commanders.
Amoung those redeployed is the Rivers State Sector Commander, Ayodele Kumapayi, who was recently recalled to Abuja for allegedly cutting the hair of two female officers.


Kumapayi now heads the Corps Safety and Transport Office at the National Headquarters, Abuja.

The redeployment also affected 70 other senior officers, a statement on Sunday by the media aide to the Corps Marshal, Mohammed Sani, said.




Raymond Dokpesi Unveils APDA Party
THE Founder of DAAR Communications, owner of African Independent Television (AIT) and a member of the Peoples Democratic Party (PDP), Raymond Dokpesi, has unveiled a new political party.

Named the Advanced Peoples Democratic Alliance (APDA), Dokpesi and Dan Anyanwu, former chairman of the Labour Party, unveiled the new party on Monday.

The occasion took place at Reiz Continental Hotels in Abuja.



Stock Exchange Rally: Dangote Makes $1.1bn In Six Days

Aliko Dangote, Africa’s richest man and president of Dangote group, has recorded a $1.1 billion increase in fortune over the last six days.

The increase in Dangote’s fortune is due to the rally currently being recorded at the Nigerian Stock Exchange (NSE) over the week.

TheCable understands that NSE has gained N1.06 trillion in June alone, and about 30 percent of that has gone to Dangote Cement.

Dangote, who owns a 91 percent stake in Dangote Cement, the largest company traded on the stock exchange, saw his fortune rise from $10 billion on May 30, 2017 to $11.1 billion as at the close of trading on Monday, June 5, 2017.

Within these days, Dangote Cement stock price has improved from N167.10 on May 30, to a 52-week high of N210 per share on Monday.

According to Bloomberg Billionaire Index , Dangote stands at the 123rd spot on the global billionaire ranking, and the richest man in Africa.

Dangote Cement is currently worth about N3,578,506,555,050 on the Nigerian bourse — about one third of the entire exchange.

Dangote, while unveiling the financial position of the company for 2016, said the cement company saw its revenue jump by 25.1 percent to clock N615 billion — in a recession.

“Looking back at the 2016 financial year, I am pleased to report that our cement sales volumes increased by 25.0 per cent to nearly 23.6Mt. Of this, almost 14.8Mt was sold in the Nigerian market,” Dangote had said.

“Revenues increased by 25.1 per cent to ₦615.1B, of which 68.3 per cent was generated in Nigeria (excluding eliminations) and 31.7 per cent from Pan-African operations. Our earnings before interest, depreciation and amortisation (EBITDA) decreased only slightly, to ₦257.2 billion, with Pan-African operations contributing ₦26.5 billion, excluding central costs.”

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