PHOTOS: Gokada, Max Riders Protest Ban of Operations in Lagos

By Adedapo Adesanya The China Civil Engineering Construction Corporation (CCECC) Limited has promised to complete the Abuja light rail project in eight months, in line with the determination of President Bola Tinubu’s administration to enhance infrastructure development across the country. The Chinese construction firm gave this assurance after a meeting with the Vice President, Mr Kashim Shettima, at the Presidential Villa in Abuja. Mr Shettima described CCECC as part of Nigeria’s history, saying the Chinese construction giant has played a pivotal role in developing Nigeria’s landmark projects, adding that their commitment to the development of Nigeria and Africa is commendable.

By Bliss Okperan Users of ride-hailing mobile applications like Uber, Bolt, LagRide and others may have to submit their National Identification Number (NIN) for registration before using the services if the demands of the Amalgamated Union of App-based Transporters of Nigeria are granted by the federal government. The group has asked the government to force the ride-hailing companies to capture the NIN of passengers before ordering a ride. The drivers made this request because of the incessant killing of their colleagues by hoodlums across the country. In a statement made available to journalists, the ride-hailing drivers said if this demand

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 Dipo Olowookere Profit-taking in some large-cap stocks in Nigeria weakened the Nigerian Exchange (NGX) Limited by 0.44 per cent on Monday. Business Post reports that sell-off in equities like GTBank, Stanbic IBTC, Lafarge Africa, BUA Cement, MTN Nigeria and nine others contributed to the downfall of the market yesterday. Apart from the energy sector, which improved by 0.21 per cent, every other sector closed bearish with the industrial goods index down by 0.66 per cent, banking down by 0.59 per cent, insurance sector down by 0.29 per cent and consumer goods counter down by 0.09 per cent. At the

By Dipo Olowookere Founder and CEO of Africa Delivery Technologies (ADT), developer of the kwik app, Mr Romain Poirot-Lellig, has assured customers of the on-demand and last-mile delivery platform of improved services in Lagos, where it launched its operations two months ago. Since its launch in the metropolis, Kwik Delivery platform has reached 2000 verified customers and is already well on its way toward 3000 verified customers. Kwik verifies its customers through mobile phone OTP as well as email verification. In addition, corporate customers need to provide their corporate registration number and are brought on board by a dedicated team

By Modupe Gbadeyanka The trading suspension earlier placed on the shares of Sovereign Trust Insurance Plc has now been lifted, Business Post has learnt. The lifting of the suspension was confirmed on Tuesday, July 11, 2017 through a statement issued by the Nigerian Stock Exchange (SEC). In the statement signed by Mr Godstime Iwenekhai, the Acting Head in charge of Listings Regulation Department at the NSE, the stock market regulator explained that it removed the embargo after the insurance firm “submitted its audited accounts for the period ended 31 December 2016 on July 5, 2017.” Mr Iwenekhai said, “In view

By Investors Hub Asian stocks rose broadly on Wednesday after U.S. President Donald Trump said that Washington was in the “final throes of a very important deal.” Trump?s comment came after the Chinese commerce ministry said that top negotiators from the U.S. and China have reached a common understanding on resolving problems toward the signing of a phase one trade deal. Chinese shares fluctuated before ending lower after official data showed China’s industrial profits declined at a faster pace in October due largely to falling producer prices and slowdowns in production and sales growth. The benchmark Shanghai Composite Index slipped

By Dipo Olowookere In a bid to dominate the market and also satisfy the needs of its consumers, Flour Mills of Nigeria has introduced the 400g Golden Penny Pasta pack. This product will afford customers an invaluable opportunity of varied tasty nutritious pasta options in a period some of them are struggling with low purchasing power as a result of the harsh economy. According to the leading manufacturer of superior quality products, the new 400g pack will provide young families with midi packs designed to serve various purposes and needs. The notable player within the food and agro-allied sector explained

By Modupe Gbadeyanka China’s leading cross-border logistics company, 4PX, has tapped into the logistics infrastructure of Africa’s leading e-commerce platform, Jumia, to service its African customers. The Chinese recently partnered with Jumia to reach more businesses on the continent and expand its tentacles to the continent. Ranked as number 3 in China’s cross-border e-commerce market, 4PX has worked with more than one million sellers and its daily operation capacity exceeds 8 million parcels. Jumia’s logistics infrastructure boasts more than 3,000 drop-off stations and pick-up stations located across Africa. In 2021, the firm seamlessly processed more than 34 million packages with

By Dipo Olowookere Federal Government has revealed plans to one-stop shops across the country to facilitate smoother government regulation and interface between entrepreneurs and agencies like the National Agency for Food and Drug Administration and Control (NAFDAC), Corporate Affairs Commission (CAC), Standards Organization of Nigeria (SON), Federal Inland Revenue Service (FIRS), and others. This, it said, was in fulfillment of its mandate to significantly spur Micro, Small and Medium Scale Enterprises in Nigeria. The One-Stop Shop programme is part of the on-going Nationwide Micro, Small and Medium Enterprise Clinics for Viable Enterprises (MSME Clinics) initiated by the Presidency in January

By Dipo Olowookere A delegation of the Institute of Public Analysts of Nigeria (IPAN) recently paid a courtesy visit to the Standards Organisation of Nigeria (SON). The IPAN team was led by the Vice President, Mr Femi Oyediran, who commended the long existing collaboration between the institute and SON in areas of standards elaboration and capacity development. He advocated for improvement in the relationship and pledged the institute’s commitment to assisting SON achieve its mandate. Responding, the SON DG, Mr Osita Aboloma, welcomed the IPAN delegation and acknowledged the critical role of its members particularly in quality assurance of products.