Fire Guts Nigeria’s Oil Minister’s Abuja Residence

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Dipo Olowookere No fewer than 15 Nigerian Small and Medium-sized Businesses (SMBs) will share the N75 million set aside by a tech giant, Google, in the 2023 edition of Hustle Academy Fund. The initiative was introduced in 2022 to provide equity-free funds to small business owners to scale up their operations and support entrepreneurial growth in Nigeria. Entries for the exercise opened on Thursday, September 28 and will close on Thursday, October 12, 2023, and to be eligible, businesses must be Nigerian-founded, operating within Nigeria for 1-5 years, and have a clear and scalable business plan. They should have

By Kester Kenn Klomegah Saint Petersburg, Russia’s second-largest city, has prepared all the necessary infrastructure and facilities for hosting UEFA Euro 2020 matches this June and through July, according to information emerging from the office of City Governor Alexander Beglov. The organizers assured that they would try to do everything to make the tournament as safe as possible. For those who have purchased tickets for football matches, it is enough to obtain a Fan ID. But before entering Russian territory, they will need to pass a coronavirus test. Fans who come to Russia for the European Championship will be able

By Fiona Hitchcock Financial inclusion is one of the most amplified ideologies in many geographical areas. This has led to the implementation of noteworthy efforts to build institutions and systems for the inclusion of diverse socio-economic classes. According to financial analysts, the past two decades have seen a rapid increase in the interest in financial inclusion, both from policymakers and researchers. It is evident that structural, as well as policy-related factors, such as encouraging banking competition or channelling government payments through bank accounts, play an important role in achieving financial inclusion. In Nigeria, the Central Bank of Nigeria (CBN) had

By Adedapo Adesanya Oil prices appreciated on Monday night after news of the release of fuel reserves by China, causing the Brent crude to rise by 81 cents or 0.97 per cent to $84.53 per barrel as the West Texas Intermediate (WTI) increased by 48 cents or 0.57 per cent to trade at $84.05 per barrel. China threw the market into confusion as it released petrol and diesel from its fuel reserve to arrest a price climb that has increased volatility in some parts of the country. According to Chinese authorities, the diesel and petrol rotated out of the reserves

By Dipo Olowookere The Kano State government has been urged to address issues surrounding the unhygienic way some pupils in the state were fed recently under the federal government’s school feeding programme. Few days ago, a disturbing video surfaced on the social media showing pupils of a public school in Kano State being served their daily meals in a sheet of paper on the floor. This sparked wild criticisms from Nigeria, who condemned the unhygienic way the kids were served their food. Reacting to the issue, the National Social Investment Programme Office (NSIO), which handles the National Home Grown School

By Dipo Olowookere A Portuguese company called Efacec Power Solutions (EPS) has been chosen to construct three new 200kV substations in Rwanda, expected to distribute electricity to the country’s rural areas, such as Rwabusoro, Mamba e Rilima. The technical abilities and skills of Efacec’s High Tension Substations area was the reason behind being chosen by the tender’s winning company – STEG International Services, from Tunisia – to implement the project of engineering, supply, supervision and commissioning of the three new substations on a turn-key basis. This contract is worth approximately 10.5 million euro and has an 18 months’ execution deadline.

By Dipo Olowookere Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced a joint venture to enable interoperable payments across the continent. The new platform, Mowali, a mobile wallet interoperability, makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost. Mowali will immediately benefit from the reach of MTN Mobile Money and Orange Money, bringing together over 100 million mobile money accounts and mobile money operations in 22 of sub-Saharan Africa’s 46 markets. Mowali is ready to enable interoperability

By Dipo Olowookere One of the majority shareholders in Ikeja Hotel Plc, OMA Investments Ltd, has raised its stake in the firm to 25.89 percent. This was confirmed by the management of the company in a statement released to the Nigerian Stock Exchange (NSE) and signed by its Compliance Officer, Olayiwola Osituwo. It was disclosed that OMA Investments, which used to have a total of 259,004,316 shares, now has a total of 538,109,194 shares. This followed the acquisition of 279,104,878 shares of the hospitality company from UBA Nominees Limited few days ago. Business Post gathered that the resultant shareholdings of

By Modupe Gbadeyanka All things being equal, a commodity pricing board may be established by the Federal Government next year to checkmate prices of commodities at the market. This was disclosed to newsmen in Abuja at a press conference by the Minister of Agriculture and Rural Development, Mr Audu Ogbeh. However, the Minister noted that before this was done, a public debate would be held to extract views of stakeholders on the matter. According to him, a minimum guaranteed price for crops was necessary to ensure balance for consumers, adding that some people were of the view that farmers were