APC Won’t Disappoint Edo People—Ajimobi

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has been chosen as the best federal government agency in Digital Transformation. This recognition came from the Presidency through the Bureau of Public Service Reforms (BPSR). In a statement, it was disclosed that the Director-General of the maritime regulator, Mr Bashir Jamoh, has been nominated to receive the distinguished GovTech Trailblazers Award for his exemplary leadership. The BPSR explained that the nominees were picked from a nationwide nomination and online voting process initiated by the bureau, as well as a detailed analysis of the performance of all government MDAs

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Modupe Gbadeyanka Last weekend, some African Heads of State and Government, Ministers of Health and Finance, business leaders and global partners gathered to launch a new initiative aimed at increasing commitments for health, improving the impact of spending and ensuring the achievement of universal health coverage across Africa’s 55 countries. With the 2030 Agenda for Sustainable Development just over a decade away, President of Rwanda, Mr Paul Kagame, who doubles as the African Union Chairman, convened the Africa Leadership Meeting: Investing in Health to encourage African governments and global partners to translate commitments into measurable actions, align spending with

By Dipo Olowookere African authors are now sure of reaching a wider audience with the recent collaboration between Nigeria’s digital content distribution company, Publiseer, and the leading digital retailer of ebooks and audiobooks in Poland, Empik. The deal between the two parties is part of Publiseer’s determination to expand its reach for the benefit of its clients. With this development, Publiseer will be sending every ebook and audiobook on its catalogue to Empik, giving authors an avenue to reach book-lovers in the country and Europe. Empik owns over 61 per cent of the digital-book market in Poland and this gives

By Dipo Olowookere The bearish trend on the floor of Nigerian Stock Exchange (NSE) ended today after the market breadth closed positive with 24 appreciating equities and 11 declining counters. The market finished 0.70 percent higher on Tuesday as a result of bargain hunting in reaction to the news around Access Bank and Diamond Bank merger plan. At the close of business, the All-Share Index (ASI) went up by 213.27 points to finish at 30,822.33 points, while the market capitalisation increased by N75 billion to settle at N11.256 trillion. Business Post reports that Mobil Oil Nigeria led the gainers chart

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Friday, with stocks likely to show a lack of direction following the strong upward move seen over the two previous sessions. Traders may take a breather following the upward trend seen in recent sessions, which lifted the Nasdaq and the S&P 500 to their best closing levels in almost two months on Thursday. Later in the day, traders are likely to keep an eye on Washington, as President Donald Trump is scheduled to deliver a speech on his plan to lower drug prices. Reports say

By Adedapo Adesanya The oil market fell on Monday over worries about China’s economy, even as the country has been projected to lead growth this year. Data revealed that Brent crude lost 48 cents or 0.6 per cent yesterday to quote at $76.13 a barrel, as the United States West Texas Intermediate (WTI) crude was down 49 cents or 0.7 per cent to $71.29 per barrel. Trading volumes were thin due to the Juneteenth holiday celebrated in the US every June 19. Both contracts ended last week with gains of more than 2 per cent. The market feared for China,

By Adedapo Adesanya The Chartered Institute of Bankers of Nigeria (CIBN) has disclosed that it would confer Fellowship Awards of the institute on the President of the African Development Bank (AfDB), Mr Adewunmi Adesina, alongside 200 distinguished bankers in the industry. The Head, Marketing/Corporate Communication and External Relations, Mr Nelson Olagundoye, in a statement, said that the honour was to recognise their meritorious services, commitment to professional responsibilities and valuable contributions, particularly to the industry and the economy. He said that the gathering, to hold on October 24 in Lagos, would reflect on the theme Financial Services in a post-COVID-19

By Modupe Gbadeyanka Nigeria’s Senate President, Mr Bukola Saraki, has revealed that owners of Small and Medium-scaled Enterprises (SMEs) employ about 88 percent of the country’s workforce. Mr Saraki made this disclosure at the stakeholders roundtable organised by the Senate to address increasing interest rates in Nigeria in Abuja on Tuesday. According to the Senate President, poultry and cassava farmers, welders, builders, fashion designers, filmmakers, shoemakers, furniture companies and other numerous SMEs deserve to be given a chance to stay alive and make a living for their families. He said it was important for government to come up with a

By Dipo Olowookere A mobile cancer clinic worth N365 million has been donated to a non-governmental organisation in the forefront of cancer awareness, Committee Encouraging Corporate Philanthropy (CECP), by the Lagos State government. The clinic was handed over to the organisation last Wednesday by Governor Akinwunmi Ambode for the diagnosis and treatment of residents afflicted with cancer-related diseases as well as increase advocacy to prevent the spread of the scourge. Speaking at the handing over ceremony held at the Lagos House in Alausa, Ikeja, Mr Ambode explained that the gesture was in fulfilment of his promise made in June 2016