358 Retired Lagos Civil Servants to Share N1.01bn

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Adedapo Adesanya The management of Ikeja Electric Distribution Company (IKEDC) has cautioned customers not to load the energy tokens purchased during a recent upgrade glitch which left customers unable to buy and load much-needed electricity tokens on their prepaid meters. In a statement on Friday, the distribution company said, “We apologise for the inconvenience experienced when loading your energy token during the TID rollover upgrade. The issue has been resolved and we thank you for your patience and understanding.” The issue commenced when the company instructed customers to link their respective prepaid meters to the National Identification Number (NIN)

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Adedapo Adesanya Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ) following the signing of a fresh arrangement. The agreement was signed in the presence of the Managing Director of Tata International Limited, Mr Anand Sen, by the Managing Director of Tata Africa Holdings Pty Ltd, Mr Len Brand. This move will help Tata International build on its existing relationship in the country since 2006 when it established operations in Nigeria. “As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to

By Modupe Gbadeyanka Larsen & Toubro Infotech Ltd, a global technology consulting and digital solutions company, has launched its new brand identity as LTI. Encapsulated in the tagline ‘Let’s Solve’, LTI looks to partnering with clients to help them compete better in a world where digital and physical are converging. The core idea of the brand, ‘Pioneering Solutions in a Converging World’ drives entire organization to design, innovate and invest in solutions that help clients accelerate digital transformation. The new brand identity of LTI exemplifies the rapid progress made by the company across all dimensions during last several quarters. The

By Dipo Olowookere As part of efforts to make the dividends of democracy available to the people, the Caretaker Chairman of the Oyo East Local Government Area of Oyo State, Mr Saheed Arowosaye, has embarked on some projects aimed to bring succour to the residents. It was gathered that these projects, including the rehabilitation of boreholes, purchase of generators and temporary repairs of bad roads, would be situated in each ward of the council. The council chief said the projects were selected using a bottom-top approach and were also in response to the series of requests by the various communities,

By Adeniyi Ogunfowoke Hackers are having a field day in this present digital era because many organizations are moving their businesses from offline to online. This automatically makes them susceptible to hackers especially if their security is weak. Regardless, before hackers have access to your network, there must be a loophole which they will take advantage of. Oftentimes, than not, it is the online activities of some employees that allow hackers easy access to your network. Jumia Travel, identify 5 things employees do that expose your network to hackers. You can put checks in place to streamline the online activities

By Modupe Gbadeyanka The board of Lagos-based Continental Reinsurance Plc announced on Monday, November 26, 2018 that it has received an offer from CRe African Investments Limited, which intends to acquire all its outstanding and issued shares listed on the Nigerian Stock Exchange (NSE). According to the insurer, CRe Investments wants to acquire the company in order to make its much needed restructuring exercise a reality. Continental Reinsurance plans to reposition itself as one of the top players in the insurance industry in the country and it said this acquisition will make this dream come true. The board of the

By Dipo Olowookere The treasury bills market was traded bearish on Tuesday amid massive selloff seen in the short tenured instruments. This was as the Central Bank of Nigeria (CBN) conducted another Open Market Operations (OMO) exercise yesterday. During the auction, the apex bank sold N21 billion of the N30 billion worth of the 191-day bill it offered for sale to investors. The bill cleared at 14.40 percent. However, the N10 billion worth of the 93-day bill offered at 12.60 percent received no subscription from traders at the market. Business Post reports that the average T-bill yields on Tuesday appreciated

By Dipo Olowookere The Naira made its first fall eight days after the Central Bank of Nigeria (CBN) introduced a new foreign exchange policy that gave the local currency a bit of strength at the parallel market against world’s major currencies. The Naira had closed on Monday at N450 per Dollar at the parallel market, but lost N5 on Tuesday to finish at N455 to the Dollar. It was observed that the local currency was traded at its opening rate of N450 per Dollar for most part of the day until in the evening, when it crashed by N5. However,

By Dipo Olowookere The equities market closed on a positive note for the third straight session on Monday, appreciating by 0.45 percent to reduce the year-to-date loss to 4.66 percent. This came despite the initial loss recorded at the early stage of the day’s session. Also yesterday, the management of the Nigerian Stock Exchange (NSE) suspended trading for some hours as a result of a glitch on its system, but resumed later after the issues were resolved and the trading day extended by one hour. The growth achieved during the session was buoyed by gains recorded by Dangote Cement, which

By Dipo Olowookere The maiden edition of an MSME Business Webinar Series will take place on Thursday, October 15, 2020, at 11am, the organisers have announced. The programme is put together by the Credit Bureau Association of Nigeria (CBAN) in collaboration with MSME Africa Online and is themed The Role of Credit Bureaus in Business Recovery and Sustainability and participants can register for it via bit.ly/CBANMSMEWEBINAR. The conveners of the webinar are Mr Seye Olurotimi, the founder of MSME Africa Online and Mr Oladimeji Peters, the acting MD/CEO of FirstCentral Credit Bureau & CBAN Chairman. A statement issued by the