Jigawa Governor Empowers Youths

By Dipo Olowookere The Nigerian Exchange (NGX) Limited commenced the first trading session in December 2023 on a bullish note, with a marginal growth of 0.08 per cent. Sustained buying pressure kept Nigerian stocks in the positive territory, extending the dominance of the bulls on Customs Street, though the turnover waned. Business Post observed that investors cherry-picked equities in the banking and the energy sectors during the session, leaving them rising by 1.14 per cent and 0.05 per cent, respectively. However, the insurance counter lost 1.10 per cent, the consumer goods index depreciated by 0.08 per cent, and the industrial

By Adedapo Adesanya The boards of insurance companies operating in the country have been charged by the National Insurance Commission (NAICOM) to embrace the measures put in place to tackle the challenges of unpaid claims. The Commissioner for Insurance, Mr Sunday Thomas, expressed worry over the number of outstanding claims in the sector despite efforts by the regulator to address the issue. Mr Thomas, who is also the chief executive of NAICOM, said the organisation, in collaboration with members of the Insurers’ Committee, has taken decisions and incepted measures designed to tame the menace of unpaid claims. Speaking at the

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) on Thursday asked Nigeria to produce about 1.5 million barrels of crude oil per day in 2024, lower than the 1.78 million barrels per day benchmark it proposed in the 2024 Appropriation Bill presented to the National Assembly on Wednesday for passage. The output ceiling was around 1.8 million barrels per day before it was cut down to 1.5 million barrels yesterday at the group’s virtual meeting, a huge blow to Nigeria’s revenue target for the fiscal year. OPEC had tasked three consultancies – IHS, Rystad

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Dipo Olowookere The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has advised any of his church member who intends to take the COVID-19 vaccine to go ahead, saying “safety belongs to God.” Addressing the congregation in the early hours of Saturday at the monthly Holy Ghost Night of Friday, October 1, 2021, the cleric said he has nothing against the vaccine as he can also take it if necessary. “I have not told you not to take the vaccine,” the respected man of God said shortly after mounting the altar to deliver his

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm on looming fuel scarcity in the country as all petrol depots in the country have shut down their operations. This happened as 10 petrol trucks belonging to its members were attacked across the country. The Chairman of IPMAN in Rivers State, Mr Joseph Obele, although did not confirm those behind the attacks on petrol tankers, said the association has constituted a committee to investigate the issue. Mr Obele, however, assured that IPMAN will not go on strike over the issue, as the association would not add

By Dipo Olowookere Shares of Forte Oil, Dangote Cement, Dangote Sugar and Dangote Flour all depreciated at the Nigerian Stock Exchange (NSE) on Friday after President Muhammadu Buhari appointed owners of the companies into his 2019 presidential campaign council. Mr Aliko Dangote and Mr Femi Otedola of Forte Oil were appointed into the council alongside some prominent politicians in the country, including Mr Bola Ahmed Tinubu, the acclaimed National Leader of the ruling All Progressives Congress (APC). The duo will serve in the Special Advisory Committee to President Buhari with Vice President, Mr Yemi Osinbajo; Mr Bola Ahmed Tinubu; Senate

By Adedapo Adesanya The Federation of International Football Association (FIFA) has disclosed that it is constantly tackling the main threats to football including corruption and crime. The president of the football governing body, Mr Gianni Infantino, made this known at the 14th United Nations Congress on Crime Prevention and Criminal Justice, where he asserted that FIFA would not only protect “just football and its institutions, but also the very people that practise the sport”. Mr Infantino said that, with a rock-solid commitment to good governance, the new FIFA has laid solid foundations to eliminate corruption from football. “Through the FIFA

By Investors Hub Asian stocks fell on Wednesday after U.S. President Donald Trump dangled the prospect of completing an initial trade deal with China ?soon,? but at the same time threatened further increase in tariffs if a trade deal is not reached. Worries about growing unrest in Hong Kong also kept underlying sentiment cautious. China’s Shanghai Composite Index dropped 9.58 points, or 0.3 percent, to 2,905.24 after Trump threatened to raise tariffs on China “substantially” if the two countries fail to strike a trade deal. Hong Kong’s Hang Seng Index plunged 493.82 points, or as 1.8 percent, to 26,571.46 after

By Adedapo Adesanya Leading Ghanaian healthtech startup, mPharma, has announced the closure of a $17 million funding round that will help it expand its foothold in Africa. The company is known for improving access of medicine to patients, pharmacies, and hospitals through innovative inventory financing solutions. The business operates on the approach of stocking pharmacy shelves without demanding any upfront payment. Lower prices are achieved through collective bargaining with the help of its network and also by using aggregative and predictive data analysis. The startup began operations in 2013 with the cooperation of its founders; Daniel Shoukimas, Gregory Rockson, and

By Modupe Gbadeyanka It was a mixed grill of nervous expectations at the 2017 edition of the City People Music Awards when sensational Islamic singer, Alhaja Rukayat Gawat-Oyefeso, beat other top Islamic musicians to clinch the ‘Best Islamic Artiste of the Year’ award. She got this year’s recognition is coming back-to-back from the last one she won in 2016 when she was also crowned as the Best Female Islamic Musician by the City People Magazine. Gawat, who became very famous after Ogbe Okan, produced about four years ago was described as the new face of the Islamic music by the

By Adedapo Adesanya The National Population Commission (NPC) has disclosed that its e-recruitment portal for ad hoc staff for the planned 2023 Population and Housing Census will be closed on Wednesday, December 28. This was disclosed by Mr Chidi Ezeoke, Federal Commissioner representing Anambra State in the commission, at the opening of a 10-day Zonal Level Training of Principal Trainers on Monday in Awka. Mr Ezeoke said the date was extended from December 10 to December 28 to give room for more interested persons to apply, advising qualified candidates to take advantage of the extension. “Earlier, we announced that the