5th Periscope Focuses on Improving Digital Skills

By Adedapo Adesanya Nigeria has put the presidential aircraft, Falcon 900B, up for sale with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft. It was not disclosed how much the craft would be sold, according to a tweet on the official Nigerian Air Force page on X, formerly known as Twitter, where it said the aircraft was put up for sale following the federal government’s approval. “The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” NAF said in a

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Adedapo Adesanya Akwa United was on Sunday crowned champions of the 2020/2021 Nigeria Professional Football League (NPFL) after defeating Mountain of Fire Ministries (MFM) FC with one game left to play at the top-flight competition. The Promise Keepers defeated the Olukoya Boys 5-2 on home soil at the Godswill Akpabio Stadium, Uyo, Akwa-Ibom to secure their first-ever league title. The star of the match was Charles Atshimene who scored a hat-trick of goals to leave MFM FC winless in their last eight away matches. Atshimene opened the scoring in the 24th minute followed by Alimi Adebayo’s own goal on

By Dipo Olowookere Nigeria is returning to the Sukuk market to offer for sale N250 billion worth of the Islamic financial leasing instrument to investors. The exercise is to be conducted by the Debt Management Office (DMO) and it would be from Thursday, December 16, 2021, to Wednesday, December 22, 2021, according to a circular issued by the agency. In September 2017, the DMO started the issuance of sovereign Sukuk to raise funds aimed to support the development of infrastructure, promote financial inclusion and deepen the domestic securities market. The Sukuk is a direct, unconditional and unsubordinated obligation of the

By Adedapo Adesanya Nigeria has emerged the top consumer of Liquefied Petroleum Gas (LPG) also known as cooking gas in West Africa as consumption of the commodity reached over one million metric tonnes (MT) in 2020. According to the Petroleum Products Pricing Regulatory Agency (PPPRA), this was the first time in the history of the country the consumption was hitting such. In a statement issued in Abuja on Wednesday by the Executive Secretary of the agency, Mr Abdulkadir Saidu, it was disclosed that Nigeria’s LPG consumption improved significantly from the 840,594.37 MT recorded in 2019. He added that the 2019

By Dipo Olowookere The payment of N1 per ordinary share of 50 kobo has been approved by shareholders of Flour Mills of Nigeria Plc. This decision was made in Lagos at the firm’s 57th Annual General Meeting (AGM) held on Wednesday, September 6, 2017. Speaking at the AGM, Chairman of Flour Mills, Mr John Coumantaros, said the company will continue to make investors smile. He attributed the progress made by the firm to better price management and improved cost control, promising that the management will not rest on its oars. According to him, the company will continue to improve and

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, May 24, after the market capitalisation remained at N1.001 trillion and the NASD unlisted securities index (NSI) intact at 723.26 points at the close of transactions. Business Post reports that this happened as trading data showed a reduction in the volume, value, and number of deals. Investors traded just 51,910 units of securities, in contrast to the 324,782 units of securities transacted in the preceding session, indicating a fall of 84.0 per cent. Equally, the value of shares exchanged by the market participants depreciated by 97.8 per

By Dipo Olowookere On Thursday, the Central Bank of Nigeria (CBN) intervened in the treasury bills market by mopping up N190 billion from the system. The central bank mopped up this cash with the sale of the government instrument via the Open Market Operations (OMO). Business Post reports that the N190 billion raked from the exercise was significantly lower than the total amount offered by the CBN, N400 billion. This amount, N190 billion, was also lower than the total amount of T-bills that matured at the market yesterday, N327 billion. It was observed that generally, the treasury bills market traded

By Dipo Olowookere One of the best airline operators in Africa, Kenya Airways, has begun a non-stop flight from Nairobi to New York, becoming the first airline to carry out flight operations between East Africa and the United States. Already, the airline operator has started selling tickets for the inaugural flight scheduled for October 28th this year. Kenya Airways at the moment serves Africa, Europe, Middle-East, Indian sub-continent and Asia. The opening of the US destination completes an essential piece for Kenya Airways’ network, cementing its position as one of the leading African carriers. With over 40 American multinationals located

By Adedapo Adesanya About four weeks ago, Business Post raised an alarm over the declining rate of the amount in Nigeria’s Excess Crude Account (ECA), which stood at $321.4 million as at January 20, 2020. However, a month after, what is left on the account will leave many asking several government they hope the government of the day will provide answers to. As you read this piece, what is left in the ECA is just $71.814 million, yes, $71.814 million. At the end of a Federation Account Allocation Committee (FAAC) retreat held in Lagos on Wednesday, the Permanent Secretary in