How to Access Lagos State Fund for Looted Businesses 

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

By Modupe Gbadeyanka The three federal universities of agriculture in Nigeria have been charged to “scale- up plantations” over time in order to “earn income.” This charge was given last Tuesday in Abuja by the Minister of Agriculture and Rural Development, Mr Audu Ogbeh, when he received members of the governing councils of federal universities of agriculture. Mr Ogbeh noted that it was important for the institutions to be the “food basket” of their “respective host communities.” While commending the initiative of the schools in Abeokuta and Umudike on this subject matter, the Minister said, “You have huge parcels of

Turkish Airlines, flying to more countries than any other airline, was reported as the busiest operator in Europe last week after successfully restarting domestic and international passenger operations. On Wednesday, June 17, 2020, Turkish Airlines recorded 400 flights in Eurocontrol area; the highest number recorded in the area since Tuesday, March 24, 2020. The Pan-European civil-military organisation dedicated to supporting European aviation, Eurocontrol confirmed that Turkey’s national flag carrier operated 359 flights during the first week of June from its base at Istanbul Airport. On Sunday, June 14, three aircrafts took off simultaneously from Istanbul Airport’s third independent runway following

Private transport company owners under the aegis of Association of Private Transport Companies of Nigeria (APTCON) have called on stakeholders in the sector to tap into every potential the sector has to offer for its growth and development. Speaking on Sunday, the Convener of the association, Dr Henrietta Onwuegbuzie expressed the readiness of its members to energize the sector with trillions in fresh investments that will help grow the nation’s GDP. “It is our intention to fully mobilize and rally resources, both human and material, for the growth of the transport sector which has been identified by experts as capable

Forex trading is an exciting and money-making venture, whether you do it as a hobby or a full-time job. In this article, Traders Union (TU) experts will talk about becoming a full-time trader and its advantages and disadvantages. They will also explain how much you can earn. Main steps to become a full-time trader So how to become a full-time trader? There are different options. TU’s analysts will explain each one: Forex prop company Pros: Access to funding: you can get funding from the company to increase your capital. Zero risk: your risk is low because the company provides the

By Modupe Gbadeyanka Any cashless payment done for the purchase of essential products on the Jumia through Mastercard will attract a 10 percent discount, Jumia and Mastercard have announced. This is as a result of the partnership between both organisation, which is incentivising the use of cashless payments platforms as people look for safer ways to pay in the wake of the COVID-19 pandemic. The two organisations want online shoppers to safely transact using digital payment channels and avoid human-to-human contact, in line with recommendations from global and regional health authorities and governments. Business Post learned that the discount offers

By Modupe Gbadeyanka Governor Akinwunmi Ambode of Lagos State today commissioned the Abule-Egba Fly-Over Bridge tagged the ‘Jubilee Bridge.’ The Governor arrived at the event on Wednesday afternoon alongside his entourage and was welcomed by residents of the area, who applauded him for completing the project on time. Abule Egba is one of areas in the state having problems with traffic gridlock, which necessitated the project. Before arriving for the ceremony, the Governor had commissioned a similar project in the Ajah axis of the state. Present at the Abule Egba commissioning was the Speaker of the Lagos State House of

The continent of Africa is beautiful. Have you taken a tour round its major African cities? You can definitely tell why Africa is home to lots of beautiful and amazing tourist destinations. Indeed, the future of Africa’s economy is dependent on how the potential of tourism is properly harnessed. Jumia Travel, the leading online travel agency shares 5 interesting indicators of tourism becoming the biggest contributor to Africa’s tourism. Diversity of landscapes and cultural richness The continent is one of the most beautiful travel destinations in the world, if not the most beautiful. There are too many amazing destinations to

By Modupe Gbadeyanka Behind the strength of its 3-wave strategy, Lenovo’s business transformation continued to gain traction during the first quarter, delivering solid profitability in its core PC and smart devices business, and revenue and profit improvements in targeted growth areas, including the data center and mobile businesses. Fuelled by new investments in people and products, Lenovo’s Data Center Group (DCG) introduced the most comprehensive product lineup in its history, with the new ThinkSystem and ThinkAgile portfolio, and continued to build out its end-to-end sales organization. Similarly, Lenovo’s Mobile Business Group launched significant new products led by the Moto Z2