AXA Mansard Walks to Stop Gender-Based Violence in Nigeria

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

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 Dipo Olowookere Another sale of treasury bills will take place on Wednesday, October 12, 2022, and traders will expect the Central Bank of Nigeria to raise the stop rates again like it did in the preceding exercise. Two weeks ago, the apex bank increased the stop rates for the three maturities of T-bills it sold at the primary market auction due to a higher inflation rate and monetary policy rate (MPR). The National Bureau of Statistics (NBS) disclosed last month that inflation in August 2022 rose by 20.52 per cent, and in September, the CBN increased the MPR to

By Kestér Kenn Klomegâh Despite its sudden exit from the United Nations-brokered agreement that allowed Ukraine to export grains, Moscow says it will continue to consolidate efforts and deliver its grains uninterruptedly to the world markets. With most African countries in need, Moscow offered its assurances and would further negotiate agreements at the forthcoming summit in St. Petersburg. At the media briefing, the Russian Foreign Ministry also offered similar assurances on the African leaders’ gathering. African countries will receive Moscow’s assurances concerning food supplies at the Russia-Africa summit, which will be held in St. Petersburg, Deputy Foreign Minister Sergei Vershinin

By Dipo Olowookere The 36 State Governors of the federation have stated what would make them offset the backlog of salaries and pension arrears owed civil servants in the country. According to the Governors, they will only clear the backlogs as soon as the next tranche of payment from the Paris-London Club loan refunds were made. This decision was arrived at in Abuja at a meeting hosted on Thursday night by Chairman of the Nigeria Governors Forum, who doubles as the Governor of Zamfara State, Mr Abdulaziz Yari Abubakar at his Maitama residence. The Governors met in anticipation of the

By Sodeinde Temidayo David About N84.6 billion has been approved by the Federal Executive Council (FEC) for the completion of road and airport projects across the country. The Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr Femi Adesina, confirmed this when he addressed newsmen at the end of the FEC meeting in Abuja on Wednesday. He said at the meeting presided over by his boss, over N5 billion was authorised by the council for various contracts in Lagos, Abuja, Kano and Katsina airports. According to Mr Adesina, the Minister of Aviation, Mr Sirika Hadi, presented a memo

By Adedapo Adesanya Oil prices edged lower on Tuesday, spurred by a stronger US Dollar and signs of profit-taking. Brent crude futures settled at $84.91 a barrel after it went down 52 cents or 0.6 per cent, as the US West Texas Intermediate (WTI) crude futures closed at $81.37 a barrel after it fell by 43 cents or 0.5 per cent. The Dollar index, a measure of the greenback against six major currencies, rose 0.40 per cent. A stronger Dollar makes crude more expensive for investors holding other currencies. This is coming amid predictions that global oil demand will grow

By Dipo Olowookere Shareholders of Chams Plc have authorised the board of the company to raise N500 million from rights issue. This approval was given by the investors at the organisation’s Annual General Meeting (AGM) held on Thursday, July 16, 2020, at the Function Room of the Muson Centre, Onikan, Lagos. During the meeting, the board asked the shareholders to approve the exercise, which is aimed to support the recapitalisation of the company. When the matter was tabled before the investors, the board was authorised to “raise capital of N500 million by way of a rights issue of ordinary shares

By Dipo Olowookere Nigeria’s Senate President, Mr Bukola Saraki, has lost his bid to return to the Senate after two terms of four years each in the red chamber of the National Assembly. The former Governor of Kwara State lost his seat to Mr Ibrahim Oloriegbe in the February 23, 2019 senatorial election conducted by the Independent National Electoral Commission (INEC). While Mr Saraki contested the Kwara Central Senatorial District seat under the Peoples Democratic Party (PDP), Mr Oloriegb flew the flag of the All Progressives Congress (APC). Professor Olatunbosun Owoyomi from the University of Ilorin, who was the Returning

By Destiny Ugorji A civil society organization, Media Initiative against Injustice, Violence and Corruption (MIIVOC) has warned Nigeria’s Federal Government to immediately act on the report of the Committee to harmonize issues around the Nigeria Financial Intelligence Agency Bill, to save the nation from imminent expulsion from the Egmont Group of Financial Intelligence Units. Executive Director of MIIVOC, Dr Walter Duru, who gave the warning while addressing newsmen in Abuja, Tuesday, expressed shock at what he described as the desperation of the Economic and Financial Crimes Commission (EFCC) to retain control of the NFIU, against the interest of the country