Appeal Court Confirms Hyacinth Alia as Benue Governor

 By Adedapo Adesanya The Cross River Government has entered into a partnership with Oando Clean Energy on the provision of wind power in the state. Signing the Memorandum of Understanding (MoU) at the ongoing climate conference, known as COP28, in Dubai, Governor Bassey Otu of Cross River State said the collaboration signified the commitment of the state to spearhead the green economy, which he described as a significant milestone in his development objective for the state. Represented by the state Commissioner for Special Duties and Inter-Governmental Relations, Mr Oden Ewa, the Governor said the strategic deal with the energy company

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Dipo Olowookere The revenue generated by Dangote Cement Plc in the first six months of this year depreciated by 3.05 percent, details of the company’s financial statements for the period ended June 30, 2019 have revealed. In the results briefly analysed by Business Post, the cement manufacturer generated the sum of N467.7 billion in the period under consideration compared with the N482.4 billion raked in the same period of last year. This impacted on the gross profit posted by the market leader in the cement industry, which stood at N274.6 billion in H1 2019 against N284.8 billion in H1

By Dipo Olowookere      Some experts have disclosed that one of the most effective ways to fight poverty and boost economic development of any nation is through job creation. They have identified skilled manpower as the main driver of rapid industrialisation and economic development of any nation. The pointed out that in the case of Nigeria, the absence of skilled manpower has led to the loss of millions of naira in capital flight to experts from other countries. The gap in skills has constrained economic and social development, limiting the ability of individuals to get jobs and improve their living

By Dipo Olowookere It was a positive week for the NASD OTC Market as it finished last week strong with the market indices growing more than three percent week-on-week. Specifically, the NASD USI increased by 3.4 percent, closing at 688.31 points as against 665.79 points it recorded in the previous Friday. Also, the total market capitalisation gained 3.4 percent last week, closing higher at N465.80 billion compared with N450.56 billion in the last session. FrieslandCampina WAMCO Nigeria Plc was the week’s biggest price gainer after increasing by 10 percent to N165 per share from N150 per share, while Food Concepts

By Adedapo Adesanya The federal government has said it was still considering coming up with a national carrier and may be possibly launched in the third quarter of 2020. Minister of Aviation, Mr Hadi Sirika, who made this disclosure after the weekly Federal Executive Council (FEC) in Abuja on Wednesday, stated that the airline would take-off with restricted operations only within Nigeria at the initial stage. The Minister also spoke on other issues in the Nigerian aviation sector, stating that the difficulties in acquiring quarry dust for the rehabilitation of the Akanu Ibiam International Airport in Enugu State was the

By Adedapo Adesanya Police in the United States has made a progress in the case of the gruesome murder of Gokada CEO, Mr Fahim Saleh, on Tuesday. On Friday morning, the police arrested the former personal assistant of the deceased, Mr Tyrese Devon Haspil, in connection with the killing. The 21-year-old Mr Haspil was arrested on Friday morning and is expected to be charged with second-degree murder, among other crimes. Speaking on the motive, the authorities said they believe that Mr Haspil killed Mr Saleh after he (deceased) realized that the former PA had stolen tens of thousands of dollars

By Modupe Gbadeyanka Some Nigerian youths on Thursday stormed the head office of MTN Nigeria in Abuja, ransacking the firm and attacking its customers. The angry protesters also demanded the relocation of the South African company and South Africans from Nigeria. It was gathered that today’s attack is in retaliation for the xenophobic attacks on Nigerians and their businesses in South Africa. During the demonstration, the National Association of Nigeria Students (NANS), which organised the protest, gave South Africans living in Nigeria 48 hours leave the country or face further attacks. President of NANS, Mr Aruna Kadiri, informed Reuters that,

By Modupe Gbadeyanka A move has been made to deepen capacity to help drive liquidity and enhance the visibility of the Nigerian financial market to domestic and international investors. On Friday, July 27, 2018, world’s leading source of intelligent information for businesses and professionals, Thomson   Reuters, and Nigeria’s foremost debt capital and OTC Exchange, FMDQ OTC Securities Exchange, signed a deal to ensure this goal is met. Managing Director/CEO of FMDQ OTC Securities Exchange, Mr Bola Onadele Koko, stated that, “We are pleased to be formalising our partnership with Thomson Reuters as we cooperate towards the development of the Nigerian

By Modupe Gbadeyanka In a major boost to its Corporate Social Responsibility profile, Dangote Cement Plc, Ibese Plant, has announced a multi-million Naira educational scholarship award for 115 students from its 15 host communities for the 2017/2018 academic session. The cement maker said the scholarship has become an annual event meant to contribute to the educational development of the people and the area and position them in right place in the scheme of things in Ogun state and Nigeria in general. Acting Plant Director of Dangote Cement at Ibese, Mr Louis Raj, while speaking during the presentation of cheques to