Afreximbank President Benedict Oramah Wins Zik Prize in Leadership

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

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 Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya The NASD Over-the-Counter (OTC) returned to the positive zone on Wednesday as bullish price movement from two admitted securities lifted the bourse by 2.33 per cent. The gainers were led by FrieslandCampina WAMCO Plc, which ended the session at N120 per unit after rising by N3.83 or 3.2 per cent. At the previous session, it closed at N116.17 per unit. On its part, CSCS closed the session higher by N1.70 or 9.1 per cent to N18.70 per share from the previous closing price of N17 per share. The duo suppressed the 18 kobo or 0.9 per cent

By Dipo Olowookere Say VIS Only Conducting Random Vehicle Checks Operators of the popular car-hailing firm, Uber, have been warned by the Lagos State government to stop using blackmail to draw public sympathy. In a statement issued on Monday, the state government said it was totally false for the operators to claim that officials of the Vehicle Inspection Service (VIS) were disturbing its drivers, causing them various economic losses. According to the statement, the VIS officials are only performing their statutory duty of facilitating compliance with the road traffic laws by ensuring motorists possess the stipulated vehicle documents, such as

By Adedapo Adesanya Top music producer, Mr Michael Collins Ajereh, fondly known as Don Jazzy, is reportedly considering selling his music label, Mavin Records, for up to $200 million, according to a report from Billboard. The top label, which houses music stars like Rema, Ayra Starr, Crayon, and LadiPoe, among others, is also seeking an equity investment, with a few names being put forward for interest. According to sources cited in the report, bids have come from the Universal Music Group, HYBE as well as from music asset investors in the financial sector. The deal will be handled by Shot

By Adedapo Adesanya  Crude oil prices fell further on Wednesday as fears of disruption to supplies due to conflict in the Middle East receded a day as Saudi Arabia and Russia pledged to help stabilise the market. Brent futures dropped $1.83 or 2.1 per cent to settle at $85.82 a barrel while the US West Texas Intermediate (WTI) crude was down by $2.48 or 2.9 per cent to quote at $83.49 a barrel. Brent and WTI had surged more than 4 per cent on Monday as the clashes raised fears that the conflict could spread beyond Gaza but bounced off

By Ebun Ikenze Unless they cater specifically to an older niche, most brands want to grab the attention of young people. That makes sense too. Young people are tastemakers and the guardians of what’s cool and what isn’t. And, if you grab their attention while they’re still young, there’s a good chance they’ll stay loyal for a very long time. It is no wonder, then, that so many brands are showing an interest in Africa. As other major population centres age out and face stagnant (or even decreasing) birth rates, Africa remains home to a young and growing population. In

By Dipo Olowookere The application filed by one of the main insurance companies in Nigeria, AIICO Insurance Plc, to list on the Nigerian Stock Exchange (NSE) the shares sold to special investors via private placement has been approved. Private placement is the sale of a company’s stocks to private investors at a price agreed by parties involved in the transactions. These shares are not like those issued to the general public like it is done in an Initial Public Offering (IPO). This exercise is done when an organisation needs funds to carry out its operations and has probably initially sourced

By Dipo Olowookere No fewer than 5,916 unemployed youths from 23 states of the federation have been trained by federal government in agro-entrepreneurship. This disclosure was made on Thursday by the Federal Ministry of Agriculture and Rural Development headed by Mr Audu Ogbeh. The youths were given intensive training through the Fadama III AF Project, in line with its development objective and the current Government’s Agricultural Promotion Policy. According to a statement issued yesterday by the National Project Coordinator of Fadama III, the agency is presently making plans to provide starter packs to the 5,916 youths who underwent the training

By Adedapo Adesanya The Naira began the week on a positive note on Monday, appreciating against the US Dollar by N1.25 or 0.32 per cent to close at N388/$1 at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market. At the previous trading session, the domestic currency had traded against its American counterpart at 388/$1 at the same market window. The value of the Naira was boosted against the Dollar yesterday as a result of the ease in the pressure on the local currency at the market. During the day’s trading session, there was an 8.5 per