Second Youths Empowerment Scheme Begins In Ogun

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 Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent

By Dipo Olowookere The board of Capital Hotels Plc has announced the creation of an escrow account for the payment of about N1.6 billion to minority shareholders of the company. The hospitality firm is leaving the Nigerian Exchange (NGX) Limited after years on the nation’s main stock exchange. In a notice signed by Alex Ugwuanyi, the organisation said the account was created with CardinalStone Registrars Limited and has been sufficiently funded for payment “to shareholders” who “have accepted to exit” the firm by selling their holdings. Recall that in March 2023, shareholders of Capital Hotels approved the request of the

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 Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed the final trading session of the week on a positive note, with a 0.53 per cent growth on Friday, January 20. The market’s outcome was influenced by the gains in the share prices of four securities; FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing Systems (CSCS) Plc, UBN Property Plc, and Geo Fluids Plc. They added N4.87 billion to the NASD market capitalisation, closing at N928.96 billion compared with the preceding session’s N924.09 billion. In the same vein, the NASD Unlisted Securities Index (NSI) appreciated by 3.71 points to end the

By Modupe Gbadeyanka Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC), Ms Mary Uduk, has joined the board of the International Organisation of Securities Commissions (IOSCO). Ms Uduk was elected to the board of IOSCO as a representative of the Africa/Middle-East Regional Committee (AMERC) for a period of two years. The AMERC comprises securities regulators that are IOSCO members within the Middle East and North Africa as well as sub-Saharan African region. IOSCO is an association of organisations that regulates the world’s securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdiction or

By Dipo Olowookere The remains of a detective attached to the Special Anti- Robbery Squad (SARS), Ikeja, Lagos State Police Command, have been found in a shallow grave at the Ibeju Lekki area of the metropolis. The cop, identified as Inspector Musa Sunday, was abducted about six months bu=y some thugs, who tortured him and later buried alive while on illegal duty at Ibeju Lekki. Sunday and four of his men were alleged to have been drafted to guard a land, which was under dispute by their Admin Officer (AO), at Ibeju Lekki. The policemen were drafted to the disputed

By Sodeinde Temidayo David Subscribers of one of the leading network service providers in Nigeria, 9mobile, will soon begin to enjoy faster internet connection as the company has received the backing of YahClick and Hughes Network Systems. The collaboration between the firms is for the provision of satellite connectivity to 9mobile as it will enable connectivity to hundreds of cellular networks transmitting a signal from a remote site or network to another site, with high-speed lines capable of transmitting high bandwidth at very fast speeds. This will deliver 9mobile with a reliable and robust means of rural connectivity across its

By Dipo Olowookere Chairman of the Copyright Society of Nigeria (COSON), Mr Tony Okoroji, has called on lawyers across the country to re-exhibit courage in the battle against the factors that have militated against the progress of the Nigerian nation and ensure that they stand firm in promoting the values that that will see Nigeria through its present challenges. “No great nation in the history of mankind has been built by cowards and Nigeria will not be an exception,” he said. Mr Okoroji observed that it is beginning to appear that Nigerian lawyers who used to form a bulwark against

By Adedapo Adesanya A huge explosion has occurred around Grailand, Iju Ishaga, in the Ifako Ijaiye Local Government Area of Lagos State on Thursday. According to information reaching our news desk, it is believed to be a gas explosion, though Business Post could not independently verify this before going to press. However, from the video obtained by this newspaper, the fire was massive, shaking houses around the scene of the unfortunate incident this afternoon. From the video, those near the explosion were seen running to safety. This fire incident is coming just over 24 hours after a tanker carrying petrol

By Adedapo Adesanya The Federal Road Safety Corps (FRSC) has deployed over 30,000 of its officers and men to commence end of the year Special Patrol tagged Operation Zero Tolerance to Road Traffic Crashes in a move to save lives and ensure safe travels this yuletide season. The Corps equally set up 15 traffic control camps, 27 help areas, and 46 ambulance points, along critical routes of Nigeria to complement Operational and Public Education efforts. The routes to be covered are Akwanga-Lafiya-Makurdi, Jos-Bauchi-Gombe, Sokoto-Tambuwal-Jega-Birnin Kebbi corridor, Katsina-Kano-Wudil-Dutse-Azare-Potiskum corridor, Kaduna-Saminaka-Jos corridor, Abuja-Kaduna-Kano corridor, Okene-Ogori-Isua-Owo corridor, Makurdi-Otukpo-Obollo Afor-9th Mile corridor, Asaba-Abraka-Ughelli-Warri corridor, Ibadan-Ogere-Sagamu

By Modupe Gbadeyanka The Independent National Electoral Commission (INEC) on Thursday extended the deadline for the collection of Permanent Voters Cards (PVCs) by one week. The collection of PVCs was earlier scheduled to end on Sunday, January 22, 2023, but a statement issued yesterday by the National Commissioner and Chairman of the Information and Voter Education Committee of INEC, Mr Festus Okoye, said the new deadline is Sunday, January 29, 2023. In the statement, the spokesman of the commission disclosed that the decision to shift the deadline by one week was taken at a meeting on Thursday. He stated that