Ambode Pays N801m to 179 Retirees

By Adedapo Adesanya The return of the bears was averted at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday by Central Securities Clearing System (CSCS) Plc, which helped the alternative bourse close marginally higher by 0.03 per cent. This slight growth increased the value of the OTC exchange by N380 million, closing relatively flat at N1.165 trillion, as the NASD Unlisted Security Index (NSI) increased by 0.27 points to end the day at 859.58 points compared with the previous day’s 859.31 points. During the trading day, the value of CSCS Plc went up by 8 Kobo to settle at N17.08

By Adedapo Adesanya Nigeria will accept and work with a production quota of 1.5 million barrels of crude oil per day in 2024 as the country aims to grow on the back of its oil resources, following a revision done by the Organisation of the Petroleum Exporting Countries and its allies, OPEC+. According to a statement issued by the Press and Public Relations unit of the Ministry of Petroleum Resources, Thursday’s meeting of the 23-man group addressed crucial aspects, including the completion of assessments by independent sources (IHS, Wood Mackenzie, and Rystad Energy) on the projected production levels for Angola,

In furtherance of my sacred duties and obligations as President of the Federal Republic of Nigeria, it is my honour to be here today to present my administration’s 2024 Budget Proposal to this Joint Session of the 10th National Assembly. This moment is especially profound and significant to me because it is my first annual budgetary presentation to the National Assembly. Distinguished Senators and Honourable Members of the National Assembly, I commend your swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Your prompt action underscores your devotion

By Dipo Olowookere A week-long training workshop for analytical chemists in Africa, supported by GlaxoSmithKline and the Royal Society of Chemistry, has commenced in Addis Ababa, the Ethiopian capital. The programme, which first started in 2004, in Kenya, by Professor Anthony Gachanja and Dr Steve Lancaster, is holding at the Addis Ababa University from October 3–7, 2016. It is to train African scientists in the practical application of Gas Chromatography-Mass Spectrometry (GC-MS), a widely-used analytical technique, which is crucial in everything from environmental monitoring to drug development and combating counterfeit drugs. Now, with the help of a new five-year partnership

By Modupe Gbadeyanka One of the pay-TV service providers in Nigeria, StarTimes, is rewarding its numerous customers for their loyalty throughout the year by upgrading their subscription plans for free for two months. This offering is through its festive promo called Xmas Awoof and can be enjoyed by paying for two months at a go for a bouquet and then be upgraded to the next package for the same number of months. According to StarTimes, any customer that recharges for two months for the Nova bouquet will be upgraded to the Basic/Smart packages for two months. Also, Basic/Smart bouquet subscribers

By Jerome-Mario Utomi As a response to a recent intervention entitled Historical Perspectives on Nigeria’s Tertiary Education which among other things chronicled how Nigeria’s tertiary education originally got into trouble and with solutions on ways out of the debacle, I got several reactions/emails from esteemed readers. Indeed, all contributions were well appreciated, but two qualified as outstanding. The first queried; why can’t we as people forget the past and face the present/future? Why are you always in the habit of making reference to history? In my response, I started by quoting EH Carr’s observation that history is an unending dialogue

By Adedapo Adesanya Crude oil prices rose to the $80 per barrel level on Thursday on the back of demand concerns and a drop in war-risk premium. The price of Brent rose by 47 cents or 0.59 per cent during the session to $80.01 a barrel and the US West Texas Intermediate (WTI) crude gained 41 cents or 0.54 per cent to trade at $75.74 a barrel. According to analysts, the market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the balance. They noted that fears of Middle

By Modupe Gbadeyanka Not less than N150 billion has been generated as spectrum fee in five months by the Nigerian Communications Commission (NCC). A statement issued on Sunday by the agency’s Director of Public Affairs, Mr Ikechukwu Adinde, disclosed this amount surpassed the N36 billion projection by 400 per cent. The increase, according to the NCC, reflects a significant contribution to the revenue drive of the federal government. It was stated that the funds have been remitted to the government in line with the provisions of the Nigerian Communications Act (NCA), 2003, which mandates the commission to remit proceeds from

By Adedapo Adesanya A total of 13 companies have been flagged and placed under the red category by the NASD Over the Counter (OTC) Securities Exchange over their failure to comply with listing rules of the trading platform for unlisted securities in Nigeria. In its weekly newsletter last Friday, NASD said based on the information it compiled as at Thursday, October 31, 2019, it found out that 13 companies on its platform fell short of the requirements and have been placed under the red category. NASD said it carried out the categorisation following the mandate established by the Securities and Exchange

By Kester Kenn Klomegah The ways and means of invigorating bilateral relations in political, trade, economic, educational and humanitarian areas were the centrepiece of the first diplomatic encounter between Foreign Minister Marcel Amon-Tanoh of Côte d’Ivoire, also known as Ivory Coast, and his counterpart Sergey Lavrov of Russia, in Moscow. The two Foreign Ministers also exchanged views on major global and regional issues, such as crisis settlement and peacekeeping in Africa. Countering international terrorism and extremism in the context of collective efforts to neutralize these threats in Africa and beyond too topped their agenda. Promoting business partnerships in the energy

By Modupe Gbadeyanka President Muhammadu Buhari on Monday asked Governors of the 36 states of the federation to work closely with the Presidential Task Force (PTF) he constituted some weeks ago on COVID-19. Mr Buhari made this called when he held a virtual meeting with the governors through the Nigerian Governors’ Forum (NGF) headed by Mr Kayode Fayemi, the Governor of Ekiti State. The President said a cordial relationship between the Governors and the PTF will go a long way to overpower the global health pandemic. According to a statement signed by Mr Femi Adesina, Special Adviser to the President