Kogi East 2019: Aidoko Hires 9 ‘Wise Men’ in Bid to Retain Seat

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 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has projected that its Industry Sustainability Initiative (NISI) will create over $575 billion in capital investment opportunities for Nigeria through the decarbonisation of operations. According to a statement, NMDPRA, while hosting a session on Nigeria’s Pathway to Energy Sustainability and NMDPRA’s Role at the UN Climate Change Conference 2023 (COP28) in Dubai, UAE, x-rayed Nigeria’s journey towards reducing carbon emission and achieving Net Zero by 2060. Speaking at the event, Mr Mustapha Lamorde, the authority’s Executive Director on Health, Safety, Environment and Community (HSEC), said the investment would be

By Adedapo Adesanya Bitmama Incorporated, a crypto exchange company, has confirmed the acquisition of Payday, a virtual card service provider. According to reports, the chief executive of Bitmama, Mrs Ruth Iselema, has offered PayDay investors $1 million worth of equity in the crypto company at a $30 million valuation. The news comes barely nine months after Payday announced its $3 million seed round and three months after its exploration of sale options was confirmed. Facilitated through Bitmama’s cross-border payments product, Changera, the acquisition marks a pivotal shift from earlier speculations, including a potential acquisition by lead investor, Moniepoint. Changera is

By Adedapo Adesanya Oil fell on Monday as traders approached the market with caution over plans by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) to cut production in the first quarter of 2024. Brent crude futures lost 85 cents or 1.08 per cent to finish at $78.03 a barrel while the US West Texas Intermediate (WTI) crude futures depreciated by $1.03 or 1.39 per cent to sell at $73.04 per barrel. OPEC+ announced voluntary production cuts at its meeting last week and this has raised doubts about whether or not producers would fully implement them. Investors

By Modupe Gbadeyanka A partnership aimed to upgrade a Sesame Farmers Academy in Gumel, Jigawa State, has been entered into between WACOT Limited and the Centre for Dryland Agriculture (CDA) at the Bayero University, Kano (BUK). Over the next four years, the institution will empower sesame farmers through capacity building, advanced training curricula, and essential certification programs. The partnership will also facilitate groundbreaking research on sesame varieties and crop technologies and initiatives for afforestation and the restoration of indigenous plants and trees. This collaboration has been described as a strategic complement to WACOT’s noteworthy achievement last year, obtaining ECOCERT certification

The only thing more annoying than an expired or soon-to-expire Nigerian passport is the time and energy required to renew it. If you’re looking for how to fast-track your passport renewal process this holiday season, then this is for you! Thankfully, the Nigerian Immigrations Service has made it super easy to get a new passport in just two weeks through the newly-launched special diaspora fast-track passport renewal programme. This ongoing programme will run from December 12, 2022, to January 31, 2023, spanning the entire period of stay during the yuletide season for Nigerians returning from abroad. What’s more? You get

By Dipo Olowookere Two new acts have been signed by RedAce Management Company, the talent management arm of Africa’s foremost PR/Media & Communication agency, The RedAce Company. The acts signed by the firm are Nigeria’s leading pencil artist, Alesh Akeem, and fast rising music sensation, Adejola Abayomi Olanrewaju a.k.a ‘96’. At a press conference organised in Lagos to unveil these acts, RedAce Management Company explained that it decided to work with the two in continuation of the tradition of producing talents of stellar quality in the Nigerian entertainment scene. Director of RedAce Management Company, Mr Olubunmi Adeyera, disclosed that the

By Modupe Gbadeyanka SES SA has announced on Monday that its SES Government Solutions (SES GS), a wholly owned subsidiary of SES, has been awarded a contract to provide an O3b Networks high throughput, low latency satellite communications solution for a US Department of Defence end-user. The O3b-enabled solution includes a satellite beam operating at less than 200 milliseconds per roundtrip, and will consist of a full duplex, symmetric 155 Mbps link, gateway access, a transportable 2.4m AvL terminal, terrestrial backhaul, installation services and 24/7/365 operations and maintenance activities. The contract also enables the US Government to order additional O3b

**Extends ‘Agric-Oyo’ to More Councils By Modupe Gbadeyanka Governor Abiola Ajimobi of Oyo State has approved the extension of the ‘Agric-Oyo’ to more local government areas of the state. It important to note that the ‘Agric-Oyo’ programme implemented in 2016 has raised the level of food production in the Oyo State by 27.5 percent and GSP by 1.5 percent. According to the government, this informed its decision to extend the programme to the remaining councils that have shown willingness to collaborate with the Ministry of Agriculture. Business Post reports that the Ministry will also kick start in the 2017 fiscal

By Olubori Oduntan One of Nigeria’s leading Quick Service Restaurant chains, Tantalizers Plc, has commenced a raining season promotion to reward valuable customers and appreciate their patronage to the brand. A statement issued by the firm disclosed that to participate in this promotion, interested customers must make product purchases worth minimum N2,500 from any Tantalizers outlet in Nigeria. According to the statement, this promotion will run in all Tantalizers outlets across the nation. Deputy Managing Director of Tantalizers Plc, Mr Gbolahan Labinjo, explained in the statement that the ‘Raining Season’ promotion is a national sales promotion which rewards customers with

By Dipo Olowookere Relief is on the way for the estimated over 7 million passengers plying Lagos roads on a daily basis, as Heritage Investment Services Limited (HIS) has signed a memorandum of understanding (MoU) with Tuchi Technologies Nigeria Limited to provide affordable mass transit for commuters in Lagos metropolis, which Heritage Bank Plc is the banker to the project. Besides HIS and Tuchi, other parties to the MoU are Solola & Akpana, legal advisers; Kedari Capital, financial advisers and Hedgestone Capital Partners Limited, one of the prospective investors in the project. The affordable mass transit allows passengers to make

By Adedapo Adesanya The Brent crude and the West Texas Intermediate (WTI) stood on opposite sides of the divide during Friday’s trading session at the global oil market. For the global benchmark, the Brent, it appreciated by 38 cents or 0.79 per cent to sell at $48.18 per barrel, while the United States’ benchmark crude, the WTI, pointed south by 19 cents or 0.42 per cent to trade at $45.52 per barrel. Earlier in the week, on Wednesday to be precise, both benchmarks finished at the highest level since March 5 and in this week, they have risen by more