Appeal Court Quashes Innoson’s Preliminary Objections Against GTBank

By Bliss Okperan The Tincan Island Port (TCIP) Command of the Nigeria Customs Service (NCS) has created a mobile application to automate its bond and license unit, Transire. At the unveiling of the app on Thursday, the Customs Area Controller, Comptroller Dera Nnadi, said the need to automate the Bond and License Unit had become imperative for administrative and procedural ease of doing business in the command. Speaking at a sensitization program on the automation process, Mr Nnadi informed participants that the application was developed by Superintendent of Customs Samuel Bello, to reduce the volumes of documents being deployed in

By Adedapo Adesanya The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the regulatory framework for energy transition, decarbonisation, and carbon monetization for upstream operations in Nigeria. The Commission Chief Executive, Mr Gbenga Komolafe, unveiled the regulatory framework at COP28 in Dubai, the United Arab Emirates (UAE) themed Driving Sustainable Upstream Operations to Achieve Just and Equitable Energy Transition.  Mr Komolafe noted that the regulatory framework has Natural Gas shift, zero routine gas flaring and methane abatement, carbon market development, and upstream operations efficiency as its key pillars. Others include technology and innovation, incentive mechanisms, collaboration, and risk management. According

By Modupe Gbadeyanka To achieve sustainable development in Africa, efforts must be made to have an enabling policy environment and collaboration between the government and the private sector. This was the submission of the chief executive of Airtel Africa, Mr Segun Ogunsanya, at a COP28 side event co-hosted by the telecommunications giant and the African Business Leaders Coalition (ABLC). Mr Ogunsanya, who is a member of the United Nations Global Compact’s ABLC, stressed that African business leaders and governments to join forces to advance sustainable growth, development, and prosperity across the continent. “We stress the importance of an enabling policy

By Ebitonye Akpodigha On Tuesday, October 11, 2016, some youths numbering about 100 stormed the headquarters of the Central Bank of Nigeria (CBN) in Abuja, demanding for the resignation of the Governor, Mr Godwin Emefiele. The demonstrators accused Mr Emefiele of failing to take Nigeria’s economy out of recession as well as stop the consistence weakening of the Naira against the Dollar and other top foreign currencies. On Tuesday, the Naira was exchanged at 310 against the Dollar at the interbank market, while it traded for 470 to a Dollar at the parallel market. The youths carried placards conveying various

By Dipo Olowookere Though the International Monetary Fund (IMF) says it doubts Nigeria will quit recession this year, Minister of Budget and National Planning, Mr Udo Udoma, has stressed that the country was already moving out of its economic crisis with the adoption of the Economic Recovery and Growth Plan (ERGP). Speaking on Thursday in Abuja while inaugurating the Joint Planning Committee for the 23rd Nigerian Economic Summit (NES), the Minister noted that the Federal Government was only concerned about sustaining the present positive momentum. In the last five months, inflation rate has been on a steady decline after it

By Okechukwu Keshi Ukegbu Rumour and propaganda are serious antithesis to the development of a place. They are instruments usually deployed by debased minds and unscrupulous elements to achieve selfish ends. While rumour manifest in unfounded and unsubstantiated claims, half-truth, and outright lies, sometimes, propagandists manipulate these instruments to change and influence people’s beliefs, attitudes and perspective on issues and as a result persuade them to believe or see these as real. Rumours are assumptions or stories and statements in circulation without confirmation or certainty as to source or veracity. Rumours may or may not contain elements of truth, but

By Dipo Olowookere The Nigerian Stock Exchange (NSE) on Tuesday, October 15, 2019, announced that the amendments made to two new rules recently approved by the Securities and Exchange Commission (SEC) would become effective next week. In a notice to the market, the stock market regulator said Amendments to Dealing Members’ Rules Part IX-Rules on Online Trading Portas, which were approved by SEC on August 19, 2019, would take effect from Monday, October 21, 2019. Also, the Amendments to Dealing Members Rule 1.11 (Part XVII)-Dealing Member to Sponsor Application for Quotations, which was approved too on the same day, would

Climate change, to put it simply, will make wildlife conservation harder. With climate change, animals and plants throughout the world will be significantly impacted, which can cause the extinction of numerous species because they cannot find the basic necessities to live. Though there is a lot that conservation can do to help plants and animals, it’s going to be necessary to change and adapt as time goes by to keep up with climate change and the impact it will have. Some of the impacts climate change will have include; Animals Will Move Researchers are already seeing animals move further than

By Olga Arara-Kimani After years of having served as a senior communications practitioner, I’ve learned that the most important attribute of any effective communicator is being able to look at yourself – your people and brands – through the lens of your most important stakeholders. When we do that, we can ask ourselves: what do I need to be doing to instil trust, to inspire, to energise, or to re-assure? Communications is essential to doing all of these things –more so during times of uncertainty. Amid the current pandemic, communicators need to intimately understand how perceptions and expectations of their

By Adedapo Adesanya Nigeria’s active voice subscribers rose by 10.04 per cent to  206,449,125 in the second quarter of the year (Q2 2022) from the 187,611,501 recorded in the same period of 2021. The National Bureau of Statistics (NBS) said in its report titled NBS Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information Report for Q2. The agency said that on a quarter-on-quarter basis, growth stood at 3.45 per cent, an increase from the 199,558,540 subscribers recorded in Q1. Also, the report revealed a total of 151,332,090 active internet subscribers were recorded in Q2 compared to

By Modupe Gbadeyanka A new head office of Standard Chartered Bank in Zambia has been officially launched, with the commissioning carried out by the country’s President, Mr Hakainde Hichilema. The energy-efficient edifice located in the new business district of Lusaka, Zambia, is said to have gulped about $40 million. It is the first-ever EDGE certified building in Zambia. Mr Hichilema described the new head office as an immovable asset that becomes an integral part of the national balance sheet and underscores Standard Chartered Bank’s endurance, commitment and desire to build a better Zambia. In his speech, the Regional CEO of