Africa Union, Ecobank Launch MSME Academy

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has written to the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds which may include loans obtained from the institution. In the letter dated November 25, 2023, the group specifically wants the bank’s President, Mr Ajay Banga, “to promptly, transparently and effectively conduct an investigation into the spending of loans and other facilities by the country’s 36 state governors and to suspend any loans and funding if there is relevant admissible evidence of mismanagement or diversion of public funds by any of

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

By Adedapo Adesanya As more efforts continue to enter into making Africa a stronghold for energy, problems still persist, with over 900 million people on the continent lacking access to clean cooking solutions. Ahead of the African Energy Week (AEW) 2022 next month, the African Energy Chamber (AEC) has reiterated that strengthening the supply and distribution of products such as liquefied petroleum gas (LPG) is critical. The AEC Executive Chairman, Mr NJ Ayuk said, “In 2022, over 900 million people lack access to clean cooking solutions. This is a crisis, one that directly affects the African population and will continue

By Dipo Olowookere The Nigerian Senate for the second time has rejected the nomination of Mr Ibrahim Magu as Chairman of the Economic and Financial Crimes Commission (EFCC). At the screening held on Wednesday at the National Assembly, the lawmakers said Mr Magu was unfit for the job having failed the integrity test. At the exercise today, the upper legislative chamber of the National Assembly confronted the Acting EFCC boss with a letter signed by the Director General of the Department for State Services (DSS). In the letter, it was alleged that Mr Magu would constitute “a liability to the

By Modupe Gbadeyanka Toshiba Tec Corporation has announced the availability of digital signage to its customer base with a focus on serving organizations in the sports and entertainment and retail industries especially in the United States and Europe. Toshiba Tec equips clients with all of the hardware, software and services required to implement best-in-class digital signage ranging from a single screen to large stadium displays. Through Toshiba America Business Solutions’ strong partnership with AEG, the leading sports and entertainment company in the world, Toshiba Tec currently implements digital signage in several stadiums and arenas. The company’s digital signage has been

There are indications that about N30 billion would be pulled out from distributable profits of 10 banks to honour Nigerian Bankers Committees’ (NBC) decision to fund the Central Bank of Nigeria’s, (CBN) export fund in 2017. The figure would be far above the N25 billion CBN had projected for the first year (2017) as last week’s Zenith Bank Plc’s results, the first to be announced so far, already show a significant overshoot of that estimate. The leading 10 out of 26 banks in the country are set to announce figures that would cumulatively overshoot the CBN’s estimate. NBC had last

By Dipo Olowookere This Future Market Insights report examines the flat panel display market for the period 2015–2020. The primary objective of the report is to offer updates on the advancements in FPDs that have given rise to FPDs adoption across globe. A Flat Panel Display is a very thin and light weight display screen used in laptops, monitors, televisions, smartphones, digital cameras and other portable devices. These displays are lighter and thinner than traditional CRT (cathode ray tubes). Flat panel size requirement varies as per the end device on which it is mounted. Flat panel displays mostly use LCD

By Adedapo Adesanya The Nigerian Ports Authority (NPA) has begun deliberate measures and investments for a fully digital ecosystem across the country by 2025. This was disclosed by the Acting Managing Director, Mr Mohammed Bello-Koko, at the 41st Ports Management Association of West and Central Africa (PMAWCA) Annual Council Meeting and 16th Round-table Conference of Managing Directors of PMAWCA in Douala, Cameroon. He stressed that as the international supply chain battles several disruptions, the agency would focus on port smartness level than its size, in order to optimise productivity and meet users’ expectations. In his presentation on Digitalisation Roadmap and

By Dipo Olowookere President Muhammadu Buhari has concluded plans to go on a 10-day visit to the United Kingdom, his Special Adviser on Media & Publicity, Mr Femi Adesina, has disclosed. In a statement issued on Thursday, Mr Adesina said the President will leave Nigeria for the “private visit” after his working visit today to Maiduguri, the Borno State capital. On Wednesday, Mr Buhari was in Lagos to commission a number of projects executed by the state government. During his official visit to Maiduguri today, the President is expected to commission developmental projects especially in the sectors of education, healthcare

By Dipo Olowookere Owner of a music outfit based in Lagos State, CashNation Entertainment Limited, Mr Oyerinde Babatunde Abidoun, has been arrested by officials of the Economic and Financial Crimes Commission (EFCC). A statement from the anti-money laundering agency disclosed that suspect, also known as Kashy, was apprehended in connection with an alleged internet fraud. In the disclosure, the EFCC said the record label owner was allegedly involved in cybercrimes and in order to quiz him and prosecute him if found guilty, he was picked up by its operatives. It was further disclosed that Kashy was arrested at his residence