Investogist
No Result
View All Result
Friday, July 3, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Reasons why Boris Johnson resigned as UK Prime Minister

Thursday, 7 July 2022, 3:09 pm
in News, World
2
Reasons why Boris Johnson resigned as UK Prime Minister
Share Share Share Share Send as Email

Boris Johnson on Thursday resigned his position as the British Prime Minister amid mounting scandals and mass resignation of ministers.

In June Johnson survived a no-confidence vote after threats to topple him emerged from within his own party.

He managed to garner the support of 211 out of 359 Conservative lawmakers, or 59%. This is  lower than Johnson’s predecessor, Theresa May, received after a similar vote in 2018. Theresa May resigned over six months later after the vote.

Johnson said he will stay in office until the Conservatives choose a new party leader, who will then take over as prime minister.

“Of course, it is painful to not to be able to see through so many ideas and projects,” Johnson said in front of the door of No. 10 Downing St. in London. “But as we have seen at Westminster, the herd instinct is powerful and when the herd moves, it moves.”

Here are the five things that led to the resignation of Johnson who led the conservatives to their biggest election victory less than three years ago.

The Chris Pincher affair

Chris Pincher who was the Conservative deputy chief whip went to a private members’ club in London on Wednesday 29 June. In his words, he “drank far too much” and “embarrassed himself.”

Pincher was accused of groping two men, leading to series of allegations, some dating back years. It set off a chain of events that ended with the prime minister’s downfall.

Initially, the Downing Street said the the Prime Minister Boris Johnson was not  aware of “specific allegations” about Mr Pincher before appointing him as deputy chief whip in February. However, Johnson later admitted that he had been informed about Pincher in 2019 following a BBC’s report. He then apologized for appointing Mr Pincher as deputy chief whip..

Partygate

Boris Johnson was in April cut up in scandal after it emerged he had attended parties that break the lockdown rule he imposed. He was fined for breaking lockdown rules, after attending a gathering on his birthday in June 2020.

Johnson who had December told the Commons that “all guidance was followed completely in No 10” also apologised for going to a “bring your own booze” party in the Downing Street garden during the first lockdown.

He is now being investigated by the Commons committee over whether he knowingly misled Parliament.

The cost of living crisis – and a tax rise

UK inflation is currently at 9.1% following to a sharp rise in 2022. The rise is being blamed on the Russian invasion of Ukraine which led to rise in oil prices and cost foods.

Despite the rising inflation that bites deep in peoples’ pockets, Johnson led government in April implemented a tax rise in April. It said the tax rise would be used to pay for health and social care.

“In the middle of the worst cost of living crisis for decades,” said Labour leader Sir Keir Starmer in April, “the government chooses to increase taxes on working people.”

Owen Paterson row

In October 2021, a 30-day suspension was recommended by the House of Commons committee for then-Conservative MP Owen Paterson who was accused of breaking lobbying rules, to try to benefit companies who paid him.

However, Conservatives – led by the prime minister – voted to pause Paterson’s suspension, and set up a new committee to look at how investigations were carried out.

Paterson later resigned following an outcry and Johnson admitted that he had “crashed the car” in his handling of the case.

Lack of Focus and ideas

Johnson has been accused by his critics and opposition that there is lack of focus and ideas in Downing Street.

In June, Conservative MP and former minister Jeremy Hunt accused Mr Johnson of lacking “integrity, competence, and vision,”  while speaking before a confidence vote, which Mr Johnson won.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • 20220707_104059
    Breaking: Boris Johnson to resign as British Prime Minister
  • Boris Johnson ME
    No additional oil supplies for Boris Johnson after…
  • Johnson & Johnson
    US calls for pause of Johnson & Johnson Covid-19…
  • Oil rising
    Reasons why oil prices are rising
Previous Post

Breaking: Boris Johnson to resign as British Prime Minister

Next Post

FG declares Monday and Tuesday public holidays

Next Post
FG declares Monday and Tuesday public holidays

FG declares Monday and Tuesday public holidays

Please login to join discussion
  • Trending
  • Comments
  • Latest
Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

CBN fines nine banks 150 million Naira each for failing to dispense cash

46 Microfinance Banks Shut Down by CBN: See Full List

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

FRSC to Begin Nationwide Recruitment July 3, 2026

FRSC to Begin Nationwide Recruitment July 3, 2026

Airtel Africa Announces Total Voting Rights and Share Capital

Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

CBN fines nine banks 150 million Naira each for failing to dispense cash

46 Microfinance Banks Shut Down by CBN: See Full List

PZ Cussons Nigeria profit Soars 388%

PZ Cussons Nigeria profit Soars 388%

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved