Adeniran Eyes Oyo South Senatorial Seat

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Dipo Olowookere The stock market in Nigeria maintained its upward movement by 0.22 per cent on Wednesday on the back of sustained positive investor sentiment. Business Post reports that the market breadth further closed positive yesterday with 13 price losers and 23 price gainers as the buying interest intensified. Unlike the previous sessions, all the five key market sectors closed bullish, with the insurance index rising by 0.61 per cent. The banking sector appreciated by 0.49 per cent, the energy counter rose by 0.35 per cent, the consumer goods space grew by 0.14 per cent, while the industrial goods

By Adedapo Adesanya The Naira closed weaker against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Friday, December 16, amid a significant increase in the value of FX transactions. According to data from the FMDQ Securities Exchange, the turnover for the last trading session of the week stood at $355.12 million. This put pressure on the domestic currency as it depreciated by 92 Kobo or 0.04 per cent to trade at N451.50/$1 compared with the previous day’s rate of N450.58/$1. However, in the peer-to-peer (P2P) segment of the forex market, the Nigerian

By Adedapo Adesanya The pharmaceutical company, GSK, has been awarded a contract to produce the world’s first malaria vaccine so that millions more children will be protected against the killer disease. This was announced by the UN Children’s Fund (UNICEF). The value of the deal is about $170 million and will lead to the production of 18 million doses of the RTS,S vaccine being available over the next three years, potentially saving thousands of young lives annually. Malaria remains one of the biggest killers of children under five. In 2020, nearly half a million boys and girls died from the

By Adedapo Adesanya The General Electric Foundation has announced a donation of $100,000 to provide immediate relief to Nigeria after several months of heavy rain and devasting flooding. The donation will fund the international humanitarian agency CARE to support local emergency response authorities and volunteers in Kogi State. Specifically, the donation will help address the immediate food security and hygiene needs in the region for approximately 800 households, including up to 2,500 individuals. Speaking on this, Ms Linda Boff, the President of GE Foundation and Vice President of GE, said, “We are proud to work with our humanitarian relief partner

By Adedapo Adesanya It was not a good day for the domestic currency at the different segments of the foreign exchange (forex) market on Thursday as it depreciated against the United States Dollar. At the Peer-to-Peer (P2P) window, the Naira lost N3 against the American currency to trade at N745/$1 in contrast to the previous day’s value of N742/$1. Also, at the Investors and Exporters (I&E) segment of the FX market, the Nigerian currency depreciated against the greenback yesterday by N1.16 or 0.26 per cent to close at N441.83/$1 versus Wednesday’s exchange rate of N440.67/$1. It was observed that the local

By Jerome-Mario Utomi ‘The easy accessibility individuals have to publish ideas on the Internet has led to the emergence of a new meritocracy of ideas that is similar in some ways to the public forum that existed during the time of America’s founding. It has several structural characteristics that make it particularly useful and powerful as a tool for reinvigorating representative democracy,’ AL-Gore, former Vice President in the United States, once said. If there is a single factor/occurrence that has redefined information management and promoted citizen Journalism across the globe, it is the dawn of Internet/social media. As citizens participate

By Modupe Gbadeyanka Recently, Ghana’s waste management mogul, Mr Joseph Siaw Agyapong, was on the My Worst Day with Peace Hyde. For those in Ghana, they know Mr Agyapong as a very successful businessman who many pray to be like. This is because he has built one of the most innovative enterprises in the country providing employment for over 250,000 employees in Ghana. However, what most of them do not know is that there was a time in his life when his business was almost crumbling. During the show, the respected water manager shared how things were going well with

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded by 0.28 per cent on Wednesday, following renewed bargain-hunting by investors. The demand for mid and large-cap stocks, especially in the industrial goods and banking sectors, contributed to the lifting of the stock market in the midweek session. As a result, the All-Share Index (ASI) improved at the close of transactions by 134.50 points to 48,988.04 points from 48,853.54 points, while the market capitalisation increased by N74 billion to N26.683 trillion from N26.609 trillion. Business Post reports that the industrial goods space grew by 1.46 per cent and the banking index