5 Things to Know Before Completing an Online Transaction

By Jerome-Mario Utomi Recently, precisely on Tuesday, November 21, 2023, I participated as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, Netherlands, a panel discussion on The role of multi-stakeholder engagement in achieving environmental justice. The gathering, which was held in Victoria Island, Lagos, formed part of training on Environmental Justice: Reducing Ecological and Social Inequalities through Effective and Participatory Land Governance. Essentially, in my private study/preparation for the programme, the need to domesticate the subject became paramount to me. To achieve this objective; the following questions came flooding; what is environmental justice?

By Michael Owhoko, PhD Any Nigerian with a rational and open mind knows that the complexity of governance in Nigeria today is rooted in the country’s political system, which by any stretch of imagination and logic, is unsuitable for a heterogenous society like Nigeria with over 250 ethnic groups that is characterized by incompatible cultures, varied history, background and interests. These ethnic groups were hitherto independent nations that ceded their sovereignty to the Nigerian state under federalism, a political system that took cognizance of their peculiarities and agreed upon by the country’s founding fathers. But ever since this system was

By Walter Duru, Ph.D It was Albert Einstein who once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are usually very authentic, emotionally intelligent, great listeners, results-focused, visionary, and self-aware. In just 100 days at the helm of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote has ushered in a new era of transformational leadership, leaving an indelible mark on the organization. Her eventual confirmation

By Sunkanmi Vaughan The reason is unusual and too technical for most people to understand, including most journalists who cover business and political news. As one with an understanding of that highly technical professional sector, I will break down the technicality in the Sanofi strategy for easy understanding and explain why the misunderstanding or misreporting occurred. In the business world covered by economy/business-reporting journalists, everything boils down to profit. It can be a real struggle indeed for the journalists to understand the priority of Sanofi. If you add the unpatriotic politics of disinformation, then you have a bigger problem to

By Adedapo Adesanya The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), saw a 92 per cent increase in the sales of white products in the month of October 2020 to the tune of N158.0 billion compared to N80.2 billion sales in September 2020. This was disclosed in a statement from the Group General Manager, Group Public Affairs Division of the corporation, Mr Kennie Obateru, on Thursday. According to the NNPC, the figure was contained in the October 2020 edition of the NNPC Monthly Financial and Operations Reports (MFOR). The report indicated that total

By FBNQuest Research Our look today at state governments’ internally generated revenue (IGR) shows a decline in the aggregate collection from N801 billion to N756 billion in 2015. Collection as a proportion of total revenue improved but perhaps the more important trend is that a minority of states is moving away from the rest. Both Ogun and Enugu joined Lagos in achieving a ratio for IGR/total revenue above 50 percent in 2015. One other state (Rivers) managed 40 percent, three 30 percent (Kano, Oyo and Abia) and five 20 percent. We are working with the data provided in the CBN

By Modupe Gbadeyanka The acquisition of Williams Electric Company, a privately owned, value-added firm specializing in control system integration, electrical and general contracting, and energy infrastructure solutions, has been announced by Parsons. Williams Electric is headquartered in Ft. Walton Beach, FL, with company offices in Virginia and Maryland and employees located at more than 100 customer sites in the United States and abroad. The company’s customers include numerous Department of Defense organizations and a wide range of other U.S. government agencies and organizations. “This acquisition should be viewed as the latest investment within Parsons’ strategy to grow our leadership position

By Adedapo Adesanya The price of the international crude benchmark, Brent crude, jumped to $90.04 per barrel on Tuesday after growing by $1.04 or 1.2 per cent as Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, raising supply worries. This was the highest level Brent has reached since November 16, 2022, as the US West Texas Intermediate (WTI) crude futures gained $1.14 or 1.3 per cent to settle at $86.69 a barrel. Saudi Arabia will extend its voluntary 1 million barrels per day crude oil production cut through the end of this year.

By Dipo Olowookere Local stocks closed 0.08 per cent higher on Christmas Eve on the back of renewed bargain hunting, especially in Union Bank as a result of the proposed takeover by Titan Trust Bank after the acquisition of 89.39 per cent stake held by the former majority shareholders. When the market closed by 12:30 pm on Friday, the share price of Union Bank rose by 9.90 per cent to N5.55, Consolidated Hallmark Insurance grew by 9.38 per cent to 70 kobo, Sovereign Trust Insurance rose by 8.33 per cent to 26 kobo, PZ Cussons appreciated by 7.20 per cent

**To Hold Forum By Modupe Gbadeyanka Concerned by the high interest rates charged by commercial institutions in Nigeria on loans and how this has negatively affected businesses as well as the economy, which is presently undergoing crisis, the Senate has concluded plans to hold a roundtable talks comprising stakeholders in the financial sector, with a view to addressing and finding a solution to this. The red chambers opined that pre-eminent position of the banking sector as the blood channel for sustaining the economy and the need to ensure that indices operating at all times were good for the survival of

By Christie Obiaruko Ndukwe Governor Nyesom Wike sacked his Commissioner for Environment, Mr Tamuno Igbiks, in the middle of a summit on the hazardous soot in Rivers State. It’s not a problem since he has the power to hire and fire. But the reason he gave for the sack is what I find amusing. Dr Tamuno Igbiks had allegedly written a letter asking Julius Berger to stop work all over their construction sites in the state. According to Governor Wike, the young man exhibited undue power not available to him as a Commissioner, and worse still, he failed to inform

By Modupe Gbadeyanka Operatives of the Economic and Financial Crimes Commission (EFCC) on Monday stormed the popular Balogun Market in Lagos and confiscated some amount of money totalling N250 million. It was gathered that the agency acted on a tip off from a whistle blower, who claimed there was a plan to move a huge sum of money and convert to foreign currencies. According to the EFCC, it swung into action and found the money in various currencies at the market as reported at the office of Bureaux de Change (BDC) operator. The monies include €547,730 and £21,090 as well