Leadway, Total Sign Third Party Motor Insurance Deal

By Bliss Okperan An accident on Friday caused by the failed portion of the Odumodu Junction by Nteje, along the Onitsha-Awka Expressway, Anambra State, has left five persons dead. According to reports, the unfortunate incident happened at about 7:30 am when the container-laden truck fell on a commercial bus, whose driver was navigating through the failed portion of the road. The two vehicles involved in the road mishap were a Mitsubishi L300 commercial bus with registration number XE245AWK and a commercial Daf/Leyland truck with registration number T-19094LA. The acting Sector Public Education Officer for the Federal Road Safety Corps (FRSC),

By Adedapo Adesanya The Governor of Enugu State, Mr Peter Mbah, has appointed the co-founder and CEO of Kobo360, Mr Obi Ozor, as the Commissioner for Transport, a move that has sent ripples of joy across Nigeria’s tech sector. Mr Ozor was sworn in last Friday alongside 19 others by Governor Mbah. He is expected to bring his over six years of logistics and supply chain experience to drive the goals of the Southeastern state’s executive council. Speaking at the swearing-in ceremony, Mr Mbah said to the Commissioners, “Your selection was largely driven by your track records, your experience, your

By Modupe Gbadeyanka The Lagos State House of Assembly is considering regulating the multiple dues collected by transport unions in the metropolis to ease the burden on commuters, who are forced to pay higher by drivers. This was one of the issues addressed at the plenary on Tuesday by the state legislators. Another matter discussed by the lawmakers was the activities of some officials of the Lagos State Traffic Management Authority (LASTMA) in the state. On Monday, it was reported that a driver, who was allegedly being chased by officials of the traffic control agency, crushed to death two workers

By Adedapo Adesanya Indian car maker, Hinduja Group, has disclosed plans to invest in Nigeria’s automotive industry following talks with President Bola Tinubu in New Delhi, India, ahead of the G20 summit. President Tinubu is in the Indian capital meeting with delegates and investors on the sidelines of the event, which will be held between September 9 and 10. He was invited to the country by the Prime Minister of India, Mr Narendra Modi. At a meeting with Mr Tinubu, the Chairman of Hinduja Group, Mr Prakash Hinduja, said he is ready to sign a memorandum of understanding with the

By Kester Kenn Klomegah In this special Eurasia Review interview, David Shinn, an adjunct professor at the Elliott School of International Affairs, a former U.S. Ambassador to Ethiopia and Burkina Faso, and served previously as a Director of the Office of East African Affairs in Washington, explained some aspects of Russia’s engagement with Africa as well as the upcoming Russia-Africa summit planned this October in Sochi. a southern coastal city of Russia. Professor David Shinn spoke recently with Kester Kenn Klomegah from Eurasia Review and here are the interview excerpts: How do White House administration and American politicians interpret currently

By Adedapo Adesanya The Nigerian Air Force (NAF) has warned the unsuspecting public against the activity of a fraudulent recruitment scheme by a certain Olabisi Amoo, who claims to have the exclusive right to assist any applicant seeking employment with NAF schools. According to the Air Force in a press release by Air Commodore Edward Gabkwet, Director of Public Relations and Information, Mr Amoo had circulated the message on his social media platforms. The NAF described the information as a “callous and unpatriotic message.” He said the message being spread by Mr Amoo was clearly aimed at misleading and defrauding

By Adedapo Adesanya The difficulty in getting foreign exchange (FX) for transactions at the official forex window, the Importers and Exporters (I&E) segment, has deepened the woes of the Naira at the Peer-2-Peer (P2P) window. On Friday, the value of the Nigerian currency to its American counterpart depreciated by N6 or 0.98 per cent as it was traded at N619/$1 compared with the preceding day’s N613/$1. Business Post reports that at the spot market, the value of transactions stood at $78.86 million last Friday, just 2.9 per cent or $2.22 million higher than the $76.64 million reported a day earlier.

By Adedapo Adesanya The federal government, through the Small and Medium Scale Enterprises (SMEDAN), has commenced the training of 5,365 youth entrepreneurs across the country. This was disclosed by Mr Dikko Radda, the Director-General of the body, at the inauguration of the programme tagged National Business Skills Development Initiative (NBSDI) on Monday in Sokoto. He said that 145 entrepreneurs were selected in each of the 36 states and the FCT for the programme which is focusing on harnessing Micro, Small and Medium Enterprises (MSMEs) towards the entrepreneurial revolution in the agriculture and commerce industries. He noted that the programme was

By Dipo Olowookere The much-awaited financial statements of FBN Holdings Plc for the 2021 accounting year have been released to the Nigerian Exchange (NGX) Limited after approval from the Central Bank of Nigeria (CBN). The lender, according to an analysis of the results by Business Post, reported growth in both the top line and bottom line, resulting in the declaration of a dividend of 35 kobo to shareholders, who have longed for this. According to the company, its board of directors, pursuant to the powers vested in it by the provisions of Section 426 of the Companies and Allied Matters

By Investors Hub European stocks have fallen on Tuesday, as confused signals over U.S.-China trade talks as well as a broadly weaker dollar have prompted traders to take some profits after the previous session’s rally. Italy has continued to be in focus after the country’s Prime Minister Giuseppe Conte said the revised budget would be ready in the coming hours. The British pound has jumped after a senior EU law officer said the U.K. could halt Brexit by unilaterally revoking Article 50. While the French CAC 40 Index has fallen by 0.4 percent, the U.K.?s FTSE 100 Index and the

By Adedapo Adesanya As part of efforts to drive further adoption of energy alternatives, Schneider Electric, has shared sustainable approaches to providing resilient and clean energy in Nigeria and the world in general. The digital energy multinational at a recent innovation summit held in Maryland, US, hosted top pioneer companies in the microgrid space to discuss the way forward in the industry. Speaking at the event, Schneider Electric Group Chairman and CEO, Mr Jean-Pascal Tricoire, addressed how industry experts, through software and technologies, are making the digital, electric world a reality. He also posed that organisations across the world can