EFCC Re-Arraigns 606 Autos Boss Over N209m

By Bliss Okperan The Third Mainland Bridge in Lagos will be closed for two Sundays to allow for repairs on the bad portions of the facility, the Lagos State government has said. The federal government is partnering with the state government to fix the bridge, which was built in 1990 by a former Military President, General Ibrahim Babangida. As a result of the repairs, the bridge will be shut down, with traffic diverted to other routes, according to a statement issued by the Ministry of Transportation in Lagos State. These measures were due to recurring accidents caused by potholes and

By Modupe Gbadeyanka The proposed repair works on the Third Mainland Bridge by the Lagos State government have been suspended indefinitely. The state government had planned to close the bridge for two Sundays, beginning today, Sunday, September 17, 2023, but due to the heavy downpour witnessed in the state on Saturday, the action has been postponed. A statement signed by the Lagos State Commissioner for Transportation, Mr Oluwaseun Osiyemi, did not disclose when work would resume at the bridge. However, it explained that the planned repairs had to be put on hold “due to the heavy downpour experienced” in the

By Bliss Okperan A mobility technology company based in Nigeria providing a platform to aggregate intercity bus transportation in Africa, Bus54, is seeking to pick the African spot at the forthcoming Startup World Cup in December 2023 in the United States. The Startup World Cup is a global conference and competition with the goal of bridging start-up ecosystems worldwide. The competition gives startup companies from all over the world a chance to win $1 million in the form of an investment. Bus54, which allows passengers to search, compare, book, and manage their journeys online, could make it to the tourney

By Adedapo Adesanya Ride-hailing service, inDrive, has announced an investment of over seven million Rand to acquire top-notch car seat covers across Africa to create comfort for its customers. The mobility and urban service headquartered in California, USA, has distributed this to drivers in one of its crucial market, South Africa. inDrive, has seen extensive distributions in major cities like Johannesburg, Pretoria, and Durban. According to a statement seen by Business Post, this underscores the company’s unwavering commitment to the drivers and passengers that constitute the backbone of the gig economy. “The local driver community has greeted this initiative with

By Dipo Olowookere Talking and browsing more on Airtel Nigeria has become easier as the leading telecommunications services provider has introduced a new package known as Ovajara. Through this plan, all new customers will enjoy an instant N1,000 bonus airtime upon activation of new lines and then receive an 800 per cent bonus on every recharge with airtime worth N100 and above. A statement issued by the company stated that the new Ovajara is the default tariff plan for customers who are acquiring an Airtel SIM for the first time. After registering and activating their newly purchased SIM cards, customers

By Adedapo Adesanya  Oil prices continued to head down alarmingly on Tuesday even as the Organization of the Petroleum Exporting Countries (OPEC) and its allies assured that the alliance was still working well in an effort to have options to rebalance the global crude market. At yesterday’s session, the Brent crude futures continued to trade down at $54.02 per barrel after losing $1.75 or 2.98 percent, while the WTI crude fell below the $50 mark, selling at at $49.88 per barrel on Tuesday night after shedding $1.55 equivalent to 3.01 percent. Prices of crude oil had been facing pressure from

By Dipo Olowookere Organisers of Africa’s premier oil industry event, Africa Oil Week, have announced speakers for the 2017 edition of the programme. Among the speaker is Mr Simbi Kesiye Wabote, the Executive Secretary of the Nigerian Content Development & Monitoring Board (NCDMB). Others are Jean-Marc Thystere-Tchicaya, Minister of Hydrocarbons for the Republic of Congo, Brazzaville; Thierry Tanoh, Minister of Petroleum, Energy and Development of Renewable Energies in Côte d’Ivoire; Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy in Republic of Equatorial Guinea; and Jerreh Barrow – Commissioner of Petroleum, Ministry of Petroleum & Energy for Government of

By Omoshola Deji Debate is a vital, far-reaching and inexpensive means of campaigning and earning the voters admiration before election. It is identical to an interview session wherein the employer (electorates) assess the job seekers (contestants) suitability for the job. In developed nations, candidates save debate dates and prioritize attendance over other political activities or duties. Participating in debates is not based on self-determined conditions or wish. It is an essential responsibility. Absence at debates is a political suicide that can break the backbone of a candidate’s political career or end it. In such climes, reeling out manifestoes, the implementation

By Kestér Kenn Klomegâh The Confederação Empresarial da CPLP (translated as the Community of Portuguese Language Countries) has been looking at multifaceted and diverse opportunities to strengthen the organisation and ultimately to improve mutual cooperation among the members and governments, which are geographically located in different continents. In efforts to connect these Portuguese-speaking countries, Macau province hosted three exhibitions on investment and business networking in October. In order to promote the four key industries, the 27th Macao International Trade and Investment Fair included three sub-exhibitions: the cultural and creative industry and science and technology. Reports show that the trade and

By Dipo Olowookere Nigeria’s Vice President, Mr Yemi Osinbajo, will be in the United Kingdom on Friday, October 12, 2018 to let the world know how the present administration of President Muhammadu Buhari is working hard to boost human capital development investments in the country. Mr Osinbajo is making the UK trip on the on the invitation of Oxford University, United Kingdom, where he would be inaugurating the International Advisory Board (IAB) of Oxford University’s African Studies Centre, under the School of Global and Area Studies (OSGA). Members of the board are eminent leaders from across the world including several

Betting, a popular leisure activity around the world, has found a passionate audience in Nigeria. With the increasing accessibility of online platforms and a thriving sports culture, many Nigerians are drawn to the excitement and potential rewards of betting. However, like any form of entertainment, betting comes with its own set of regulations and limitations. This article delves into the crucial aspects of betting limits in Nigeria, equipping enthusiasts with essential knowledge to make informed decisions and enjoy their betting experiences responsibly. Age Restrictions and Legal Betting Age In Nigeria, the legal age for engaging in betting activities is 18

By Dipo Olowookere In the third quarter of 2021, FTN Cocoa Processors Plc recorded an expansion in its loss before and after taxes despite recording an improvement in revenue. According to the financial statements of the company released on Monday, the revenue generated in the first nine months of this year was N278.2 million in contrast to the N227.3 million raked in the same period of last year. A critical look into this by Business Post showed that this increase in revenue was boosted by local sales of cocoa powder, cocoa liquor and cocoa cake, which all accounted for N144.8