Schneider Electric Pushes for Electric Vehicles Adoption to Tackle Fuel Challenges

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 federal government, as part of the effort to drive alternative fuelling options through the National Economic Council (NEC), has endorsed the proposed mass deployment of Compressed Natural Gas (CNG) vehicles to all states for public transportation. The Director of Information in the Office of the Vice President, Mr Olusola Abiola, in a statement, said the decision was part of resolutions reached at the fourth meeting of the Council, chaired by Vice President Kashim Shettima, at the State House Executive Council Chambers on Thursday. Mr Abiola explained that the decision was taken after a presentation by the

By Adedapo Adesanya The Nigerian Automobile Technicians Association (NATA) Lagos State chapter has lauded Hyde Energy following an assessment of the quality of lubricants produced and distributed in the Nigerian market as well as adherence to international best practices by Hyde Energy Lubricant business. This came as the executive members of the association visited the energy trading company’s lubricant blending plant located in Ijebu-Ode, Ogun State. The lubricant plant, one of the largest lubricant manufacturing facilities in Nigeria, has the capacity to blend 30,000 litres of lubricant per day. The lubricants produced at the Hyde Energy blending plant undergo stringent

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 Adedapo Adesanya Google and the Kaduna State Government have announced a partnership to train 5,000 women and girls in data science, artificial intelligence, and entrepreneurial application of digital technologies. Google’s Director for West Africa, Mr Olumide Balogun, said in a statement that the partnership was a significant move towards promoting technology inclusivity. Mr Balogun said that this initiative was part of a broader skills development programme supported by Google which aims to empower 20,000 more women and young people across Nigeria. He said that the women and girls would be empowered with 21st-century skills, positioning the trainees for opportunities

By Dipo Olowookere Mr Abubakar Abba Bello has been appointed as the new Managing Director and Chief Executive Officer of the Nigeria Export-Import (NEXIM) Bank. Mr Bello’s appointment was approved by President Muhammadu Buhari on Thursday. Also, the President approved the appointment of Dr Bala Mohammed Bello as the Executive Director in charge of Corporate Services at the bank as well as Mrs Stella Okotete as the Executive Director in charge of Business Development. According to a statement signed by the Director of Press in the Office of the Secretary to the Government of the Federation (OSGF), Mr Bolaji Adebiyi,

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. The downward momentum on Wall Street comes amid uncertainty about the outcome of today?s highly anticipated midterm elections. The elections will decide control of both the House and Senate and could have a major impact on President Donald Trump?s ability to enact his pro-business agenda. Democrats are seen with an easier path to retaking the House than the Senate but could still be a significant thorn in

By Adedapo Adesanya The beauty industry is one of the most promising and profitable enterprises for any one to invest their money in, especially in a country like Nigeria where there is a litany of events from weddings to birthdays to funerals and others. It is also a business that has many uses and not majorly for entertainment or ceremonial functions. Other opportunities include makeup for films and TV, for music videos, stage plays, television shows and advertisements and making models up to create specific impressions on the runaway. But before starting this profitable venture, there are some things you

By Adedapo Adesanya  The global manufacturing output growth slowed down by 1.2 percent in the third quarter of 2019, a report by the United Nations Industrial Organisation (UNIDO) has revealed. According to the report, the slow development was caused by rising tensions over international trade between major economies of the world as production declined in major industrialised countries including Germany, Japan, and the United States. Business Post gathered that in industrialised countries, manufacturing output fell by 0.7 percent, compared to the same quarter in the previous year, with the production of general machinery, electrical goods and automobiles the sectors mainly

By Dipo Olowookere The African Development Bank (AfDB), through the African Development Fund (ADF), has received a credit facility of $700.9 million from the Japan International Cooperation Agency (JICA) to assist in contributing to economic growth as well as poverty alleviation in Africa’s least developed countries. Both parties recently sealed the loan agreement designed to provide an Official Development Assistance (ODA) and part of Japan’s contribution to the ADF’s Fourteenth Replenishment (ADF-14). The loan will provide the African Development Fund with resources to support recipient countries during the ADF-14 period (January 1, 2017 to December 31, 2019). President of AfDB,

By Ashemiriogwa Emmanuel The average price per litre paid by Nigerians for National Household Kerosene increased by 0.7 per cent to N400 in August from N397.34 in July 2021, a report from the National Bureau of Statistics (NBS) has shown. The National Household Kerosene Price Watch for August 2021 also showed that the value of the commodity rose 15.4 per cent compared with the N346.53 recorded in August 2020. According to the NBS, the state with the highest average price of kerosene was Enugu, where the household oil was sold to consumers at N494.05 per litre. This was followed by

By Jerome-Mario Utomi Although the word deviance often carries negative connotations, it is not synonymous with dysfunctionality. Deviance is, at heart, a creative act-a way of searching out and inventing new approaches to doing things. Acts of deviance can point to areas where organizations/society/nations need to change and can result in fruitful alternatives. The chief thing to keep in mind here is that norms can have expectations. By challenging a particular norm, we can play a role in changing it. Without an iota of doubt, the above expression by Leslie Perlow aptly captures transformational leadership prowess demonstrated in the past