Plentywaka Expands Transportation Service to Delta

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 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 The Lagos State Government has announced that the first phase of the Blue Rail Line will commence operations on Monday, September 4. The Managing Director of the Lagos Metropolitan Area Transport Authority (LAMATA), Mrs Abimbola Akinajo, made this known at the Marina Train Station on Wednesday. Mrs Akinajo also noted that the first train ride would kick off by 9 am with Governor Babajide Sanwo-Olu on board, along with other passengers, from Marina to Mile 2 Train Station. Mrs Akinajo explained that for the first four weeks, the rain will run only 12 trips with the locomotive

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 Adedapo Adesanya The deepening trade war between the United States and China could deal a double shock to the fragile oil market. Top listed crude like the West Texas Intermediate (WTI) dropped by $1.17 to trade at $54 per barrel. Brent also followed as it traded below $59 per barrel showing a deficit of 98 Cents. The tit-for-tat tariffs have already sent crude prices plunging because of fears of a severe global economic slowdown or even recession in the United States that could dent already anemic demand for oil. US oil prices have tumbled by nearly 7 percent since

In its report highlighting the impact of women on Nigeria’s economic development, PwC Nigeria, Advisory Partner and Chief Economist, Andrew Nevin, indicated that women account for 41 per cent of the ownership of micro-businesses in Nigeria, with 23 million female entrepreneurs operating within this segment. The strong entrepreneurial spirit of women no doubt makes them a major force in the contribution of the micro business sector to Nigeria’s GDP. 90 per cent of Nigeria’s retail market transactions according to reports are estimated to be worth $100 billion out of which the food and consumer goods retail market alone accounts for

By Aduragbemi Omiyale A new report has revealed that Tether’s reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits. This latest report demonstrates the commitment of Tether Holdings Limited to transparency and highlights a $300 million reduction in secured loans, more than $700 million net profit added to Tether reserves in the last quarter of 2022, and the highest percentage to date of assets allocated in US Treasury Bills, with direct exposure of over 58 per cent. The Tether’s Consolidated Reserves Report (CRR), which breaks down the assets held

The Nigerian National Petroleum Corporation (NNPC) has asked the over 1,000 graduate trainees recently recruited by the agency to resume on Monday 4 May, 2020. A statement issued by the Group General Manager, Group Public Affairs Division of the NNPC, Mr Kennie Obateru, stated the trainees are to assume duty first, virtually, while the corporation monitors the COVID -19 situation and the federal government’s directives to determine a date of physical assumption of duty. The release said the option of virtual assumption of duty was necessitated by the need to comply with extant protocol on social distancing and reduced number

Amazon has announced the launch of Kindle Lite, the lightest reading app for Android smartphones in Kenya. Designed specifically for smartphones with limited storage that run on slower networks, the app is only 2 MB and provides you with a great reading experience even over 2G/3G networks. The Kindle Lite app is free and includes features readers love, like an integrated dictionary for users to easily look up the definition of a word. The app also makes it easier to browse and read from a collection of over 5 million eBooks, including thousands of free eBooks. Kindle Lite is available

By Modupe Gbadeyanka Equity transactions on the Nigerian Stock Exchange (NSE) on Thursday closed on a strong note with some blue chips sustaining price rally. The All-Share Index (ASI) appreciated by 83.27 points or 0.30 per cent to close higher at 27,725.40 against the 27,642.13 achieved on Wednesday. Also, market capitalisation, which opened at N9.49 trillion, rose by N28 billion or 0.53 per cent to close at N9.52 trillion. According to the News Agency of Nigeria (NAN), Total Oil led the gainers’ table with N8.92 to close at N250 per share, while Seplat came second on the gainers’ chart with

By Dipo Olowookere Activities at the local stock market closed bullish on Tuesday, thanks to the gains posted by MTN Nigeria and 12 other stocks. The market closed 0.36 percent higher to expand the year-to-date gain to 3.84 percent. During the session, the All-Share Index (ASI) increased by 99.71 percent to 27,871.90 points from 27,772.19 points, while the market capitalisation jumped by N52 billion to N14.516 trillion from N14.464 trillion. Business Post reports that UBA was the most active stock at the market yesterday, trading 49.5 million units worth N381.7 million, while GTBank exchanged 41.4 million units valued at N1.2

By Dipo Olowookere Minister of Information and Culture, Alhaji Lai Mohammed, has disclosed that the money recovered from looters by President Muhammadu Buhari was not enough to revamp the country’s economy, which is presently at its low ebb. There have been questions on why the Federal Government has not used the recovered loot to revive the economy, especially funding the 2016 budget instead of looking from where to borrow money to fund it. But speaking on Friday on a News Agency of Nigeria (NAN) Forum in Abuja, Mr Mohammed noted that the amount of money recovered has always been made