Adisa Receives Media Friendly State Lawmaker Award

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

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 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 For reciting the Nigerian National Pledge in pidgin English, four patriotic citizens of the country have received N1 million from Heritage Bank. The four winners; Idowu Ilesanmi (Lagos), Christiana Chukwu (Lagos), Onovo Chukwuebuka (Edo) and Paul Eze (Abuja) partook in the October 1, 2020, contest to celebrate Nigeria’s 60th Independence Anniversary and got N250, 000 each for their efforts. Heritage Bank put up an online competition for customers to make videos recitation of them presenting the National Pledge in Pidgin English. This was to commemorate the independence and inculcate patriotic spirit in the citizens on the importance

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. The downward momentum on Wall Street comes amid uncertainty about the outcome of today?s highly anticipated midterm elections. The elections will decide control of both the House and Senate and could have a major impact on President Donald Trump?s ability to enact his pro-business agenda. Democrats are seen with an easier path to retaking the House than the Senate but could still be a significant thorn in

By Adedapo Adesanya An oil producer, Guyana, has said it is not interested in joining the Organisation of the Petroleum Exporting Countries (OPEC) following an invitation from the cartel. According to Reuters, the Guyanese Vice-President, Mr Bharrat Jagdeo, confirmed this development. The South American country looks to rapidly boost production and attract new operators, with an oil auction coming up in the next couple of months in hopes it can bring in other oil and gas companies. Currently, an Exxon Mobil Corporation-led consortium controls all offshore output in Guyana under a production and sharing agreement in which Exxon decides the

By Edwin Uhara I read the scurrilous remarks contained in the letter addressed to the Minister of Interior, retired Lieutenant General Abdulrahman Bello Dambazau (CFR) by one Tope Oriola with amusement. I tried to locate the central theme of the letter but could not because apart from the fact that it was laced with many lies, unfounded claims and imaginative assumptions, the letter also betrayed logic and lacked coherence, substance and clarity of ideas and facts. For Example, Mr Oriola claimed in his letter of infamy that he contemplated having General Dambazau (PhD and Associate Professor) invited to the University

By Adedapo Adesanya The key parameters of the NASD Over the Counter (OTC) Securities Exchange closed unchanged on Friday, October 4, 2019, the same level they have remained since Wednesday, when the market return from Tuesday’s break to celebrate Nigeria’s 59th Independence Day. Business Post reports that at the close of business yesterday, the market capitalisation of the NASD Exchange closed at N502.64 billion, while the NSI also stayed flat at the 699.63 points. However, the volume of trades recorded by investors at the exchange on Friday declined by 99.2 percent or 1,049 units to 701 units from 1,750 units

By Adedapo Adesanya Companies operating in Nigeria paid N3.48 trillion in Value Added Tax (VAT) and Company Income Tax (CIT) in the first half of 2023 (H1 2023) compared with the N2.97 trillion in the corresponding period of 2022, representing a 17 per cent increase, according to the latest data from the National Bureau of Statistics (NBS). VAT is added to a product at every point of the supply chain where value is added to it while CIT is a tax levied by federal and state governments on business profits. The breakdown showed that VAT revenue stood at N1.49 trillion

By Modupe Gbadeyanka The real impact of the coronavirus (COVID-19) pandemic would be felt in the Nigerian economy in the second quarter of 2020. This was the submission of the Nigeria Employers Consultative Association (NECA) in a statement it issued on Monday in reaction to the Gross Domestic Product (GDP) figures released yesterday by the National Bureau of Statistics (NBS). The bureau had said in the first quarter of this year, the growth rate of the nation’s economy slowed by 1.87 percent, with the non-oil sector contributing over 90 percent to the GDP. The crashing of the price of crude

By Modupe Gbadeyanka A new campaign designed to reward customers of United Bank for Africa (UBA) Plc who refer their diaspora friends/relatives to open a UBA account has been introduced by the lender. A statement issued by the pan-African financial services institution disclosed that this campaign will last for three months with the referrer getting N5,000 for every successfully opened new and funded account. For instance, new and existing customers who refer friends and relatives in the Diaspora to open new UBA accounts will be eligible to grab the reward for as many times as the number of people they