Road Accident Claims Five Lives in Anambra

By Adedapo Adesanya The Federal Road Safety Corps (FRSC) has disclosed that during the second quarter of the year covering April to June 2023, it apprehended 8,592 traffic offenders for committing 179,165 offences. This is contained in a statement by the Corps Public Education Officer (CPEO), Assistant Corps Marshal (ACM) Bisi Kazeem, in Abuja on Monday. Mr Kazeem said that the arrests made during the second quarter of the year were pursuant to the corps’ commitment to making the highways safe. He said that 64,544 drivers were educated with 5,431 motor park rallies conducted, saying that the Corps organised 1,950

By Adedapo Adesanya After years of delays and extensions, the Lagos Blue Line Rail has begun commercial operations, with Governor Babajide Sanwo-Olu taking the first ride this morning (September 4). The first phase of the rail line extends from Marina to Mile 2 with five stations located in Marina, National Theatre, Iganmu, Alaba, and Orile. Operations commenced from Marina to Mile 2 Train Station, with Mr Sanwo-Olu taking the first ride at about 09:45 am. He was joined by some select persons, including the Commissioner of Police for the state, Mr Idowu Owohunwa; the First Lady, Mrs Ibijoke Sanwo-Olu; the

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 federal government has left some Nigerians confused over revelations by the presidency on Tuesday that the current pump price of N568 per litre in Lagos and N617/$1 in other parts of the country will remain despite concerns raised by oil marketers that the true price should be at N720 per litre. A few days ago, it was reported that the price of petrol may increase to N720 per litre because the landing cost and others were now at about N651 per litre. The tension caused by this forced the retail subsidiary of the Nigerian National Petroleum

By Modupe Gbadeyanka A derivatives consultant, Mr Charles Rubin, has highlighted the unique benefits of derivatives trading, saying the form of investment is known to increase the level of trading activity across markets. Mr Rubin made this known on Tuesday, September 8, 2020, when spoke at a webinar organised by the Nigerian Stock Exchange (NSE) themed Adopting Derivatives During Stressed Market Conditions. In 2014, the exchange began its journey to launching a standardised Exchange Traded Derivatives (ETDs) market with a feasibility study which showed that the Nigerian capital market was indeed ready for the more sophisticated investment products ETDs will

By Dipo Olowookere An opening has been created for budding writers in the country by foremost African financial institution, Guaranty Trust Bank (GTBank) Plc with the introduction of the Dusty Manuscript Contest (www.csr.gtbank.com/dustymanuscript). The platform is to allow writers win publishing deals for their finished, but yet-to-be published manuscripts. The contest was organized in partnership with publishing houses, Okada Books and Farafina, and it is part of the bank’s YouREAD initiative which is aimed at promoting the culture of reading. The Dusty Manuscript Contest is the latest in a long line of GTBank initiatives geared towards promoting the appreciation of

By Dipo Olowookere Come Friday, November 11, 2016, Governor Akinwunmi Anbode will launch the ‘Code Lagos’ programme of the state government. The initiative is part of efforts to make Lagos State the technology frontier in Africa and in line with the Smart City agenda of the current administration. Special Adviser to the Governor on Education, Mr Obafela Bank-Olemoh, at a press briefing in his office on Monday, said the ‘Code Lagos’ initiative is aimed at making coding curriculum accessible to every student in Lagos State. “Our goal for ‘Code Lagos’ programme is to teach one million students in Lagos State

By Dipo Olowookere It was another day in red for the Nigerian Stock Exchange (NSE) as selloffs in highly capitalized stocks like Dangote Cement and MTN Nigeria pushed the market downward further by 0.66 percent on Thursday. The announcement of a N1 per share interim dividend by Stanbic IBTC Holdings for the half year ended June 30, 2019 did nothing to push the market northwards and at the close of day, the All-Share Index (ASI) went down by 181.45 points to settle at 27,425.57 points, while the market capitalization decreased by N88.3 billion to close at N13.342 trillion. Dangote Cement

By Adedapo Adesanya To further establish the buy now pay later (BNPL) model in Nigeria, Lagos-based startup, Klump, has raised a $780,000 pre-seed funding round to help it launch its flagship product with select partners, offering BNPL solutions to customers and businesses. The new product name Pay with Klump will use the company’s proprietary credit eligibility and fraud detection engine to make an informed credit decision on a customer in less than three minutes, with a goal to further reduce the decision time to less than a minute. The pre-seed funding round was led by London-based investment firm Seedcamp, with

Dental implants are a popular and effective solution for replacing missing teeth, but the cost of dental implants can vary significantly depending on the location and provider. For patients seeking affordable options, Turkey has emerged as a sought-after destination for budget-friendly dental implants without compromising on quality. Affordable Dental Implants: A Cost-Effective Solution in Turkey One of the primary reasons why many patients choose dental implants in Turkey is the affordability factor. The cost of dental implants in Turkey is considerably lower compared to other countries, such as the United States, Canada, or Western European countries. This cost advantage is

All is set for the season 9 of Nigeria’s family dance show, the Maltina Dance All themed ‘Happiness Amplified.’ At a media parley in Lagos last week in Lagos, organisers of the programme promised not to cut short the expectations of the viewers. Maltina, the premium non-alcoholic malt drink famous for sharing happiness and promoting family values, promised that the activities and dance routines lined up for this season will heighten the excitement and happiness shared by competing families and viewers of the dance show. Mr Franco Maria Maggi, Marketing Director, Nigerian Breweries Plc, said at the parley that, “Maltina