NSCDC Returns Diverted 50,000 Litres of Petrol to Oil Marketer

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.6 per cent appreciation on Friday, December 8, as investors gained about N19.12 billion to push the valuation of the unlisted bourse to N1.202 trillion from the N1.182 trillion it closed in the preceding session. This achievement was influenced by the gains recorded by the trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc. Data showed that Aradel Holdings Plc improved its value by N30 to settle at N900.00 per unit compared with the previous day’s N870.00 per unit, FrieslandCampina Wamco Nigeria

By Aduragbemi Omiyale Moody’s outlook on Nigeria has been upgraded from stable to positive after the federal government implemented a few economic reforms. In a statement on Friday, the rating agency said the decisions to remove the costly petrol subsidies, devaluation of the Naira and the unification of the foreign exchange (FX) market were good for the economy. When Mr Bola Tinubu assumed office in May 2023, he announced an end to the payment of subsidies on premium motor spirit (PMS). A month later, the Central Bank of Nigeria (CBN) announced the unification of the forex market, while the Naira

By Adedapo Adesanya  The Central Bank of Nigeria (CBN) has disclosed that the total value of the country’s merchandise trade experienced an increase of 1 per cent to $7.8 billion in August 2023 from the $7.72 billion that was quoted in July. This was disclosed by the apex bank in its latest monthly economic publication, where it disclosed that despite the rise month-on-month, Nigeria’s merchandise trade value in the period was almost 20 per cent lower compared to the value in August 2022 due to a significant decrease in import trade value. The total merchandise trade comprised an export trade

By Modupe Gbadeyanka Four drug barons have been arrested in Lagos by the National Drug Law Enforcement Agency (NDLEA) over their connection with the seizure of cocaine worth N194.8 billion ($278.3 million). On Monday, September 19, 2022, the Director of Media and Advocacy of the NDLEA, Mr Femi Babafemi, disclosed that a major warehouse with 1.8tons (1,855 kilograms) of the illicit drug was busted by operatives of the agency in a secluded estate in the Ikorodu area of Lagos. The statement said a Jamaican and the manager of the warehouse were among the four suspects arrested by the NDLEA in

By Adeniyi Ogunfowoke Having a baby can be an exasperating experience. So, it is important for you to seek knowledge especially if you are a Nigerian mother. With this online trend of Googling everything, expecting mothers have access to thousands of materials at your fingertips. Hence, you have to be careful with the information you get online. And, you may have problems sieving the information. In order to prevent any confusion, Jumia Travel a list of authentic baby websites where soon-to-be Nigerian mothers can get information. It important to add that you must visit your doctor regardless of the information

By Dipo Olowookere The N5 million business grant set aside by the Seyi Tinubu Empowerment Project (STEP) has been won by Staff Bus Nigeria, a tech startup solving the challenges commuters face daily in Lagos. Staff Bus Nigeria emerged winner of the pitch at an event held on Tuesday in Lagos. Co-Founder of Staff Bus Nigeria, Mr Oludayo Olujekun, said the STEP initiative was already changing the game in the tech sector by providing a strong support for tech startups who solve real life problems through technology in Nigeria. “I feel excited for the future of Nigeria through STEP because

By Adedapo Adesanya The Lagos State Government has launched the Lateef Jakande Leadership Academy, a leadership and mentorship programme. As part of activities commemorating Worker’s Day, Governor Babajide Sanwo-Olu announced that the state government was introducing the programme with the vision to develop tomorrow’s leaders today for public service and governance in Africa by equipping them with the requisite skills to influence the public service and instilling the ethics and values of purposeful leadership through direct mentoring and on-the-job training. The one-year non-partisan and meritocratic fellowship will offer first-hand experience in the process of governance at the state government level

By Modupe Gbadeyanka The Chairman of Stanbic IBTC Plc, Mr Basil Omiyi, has urged organisations to migrate to cleaner energy sources for their operations because of the capacity to reduce the impact of emissions on the environment. According to him, the adoption of clean energy will help keep the environment stable to support economic and social activities, noting that for development in Nigeria to be sustainable, there must be a balance that guarantees that the environment and society are not negatively affected by economic activities now and in the future. “Green energy is devoid of carbon emissions (unlike fossil fuel

By Adedapo Adesanya Ahead of the reopening of airports for the resumption of flights, the World Health Organization (WHO) has urged Nigeria and other African nations to take effective measures to mitigate the risk of a surge in coronavirus infections. The global health body said while the opening of borders is vital for the free flow of goods and people, its initial analysis found that lockdowns along with public health measures reduced the spread of COVID-19. It said even with border restrictions, imported cases have sometimes brought back COVID-19 to countries which had not reported cases for a length of

By Adedapo Adesanya A six-member Project Investment Committee (PIC) aimed at improving Industrial Energy Efficiency (IEE), Resource Efficiency and Cleaner Production (RECP) through pragmatic and innovative approaches has been set up by the Bank of Industry (BOI). Members of the team inaugurated on Tuesday at the BOI office in Lagos included BOI, Manufacturers Association of Nigeria (MAN), United Nations Industrial Development Organisation (UNIDO), and Chartered Institute of Bankers Nigeria (CIBN). Others are the Federal Ministry of Trade and Investment (FMITI), and the Nigerian Investment Promotion Commission (NIPC). Speaking at the event, Mr Olukayode Pitan, Managing Director of BOI, said that

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