Beware of Fake Accounts Using My Name – Fashola

By Modupe Gbadeyanka A key suspect in the Dangote Cement price slash scam, Mr Benjamin Ezeukwe, has been arraigned in court by the police in Lagos State. A statement issued by the spokesman of the Lagos Command of the Nigeria Police Force (NPF), Mr Benjamin Hundeyin, disclosed that the accused person was taken to court for prosecution after he was arrested in Rivers State. The Police Public Relations Officer, who is a Superintendent of Police (SP), disclosed that Mr Ezeukwe was picked up by police operatives on Thursday, October 19, 2023, in the Rumuolumeni area of Obio/Akpor local government area

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

By Adedapo Adesanya The Nigerian government has outlined its priorities for the upcoming 28th Conference of Parties (COP) in Dubai, the United Arab Emirates (UAE). Speaking to journalists at a pre-COP workshop organised by the National Council on Climate Change (NCCC), the Director General of the council, Mr Salisu Dahiru, said the country has a number of issues dear to its economy and journey towards climate resilience that it hopes to achieve at COP28. COP 28 is the United Nations Climate Change Conference taking place from November 30 to December 12. COP takes place every year and is the world’s

By Adedapo Adesanya Tourism recovery accelerated to reach 65 per cent of pre-pandemic levels, the World Tourism Organisation (UNWTO) has revealed. This is an estimated 700 million tourists travelled internationally between January and September. This equates to 63 per cent of 2019 levels and puts the sector on course to reach 65 per cent of its pre-pandemic levels this year, in line with UNWTO scenarios. Results were boosted by strong pent-up demand, improved confidence levels, and the lifting of restrictions in an increasing number of destinations. Highlighting the speed at which the sector has recovered from the worst crisis in

By Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has lamented the low production of wheat in the country, stating that only one per cent of annual domestic wheat consumption is met by farmers. However, it said efforts would be made to bridge this huge gap and ensure that the huge amount of foreign exchange used to import the product is saved for other useful purposes. The Governor of the CBN, Mr Godwin Emefiele, said the sum of N41 billion has been set aside to share to farmers across the country through Heritage Bank under the Wheat Seed Multiplication Project.

By Modupe Gbadeyanka Minister of Finance, Mrs Kemi Adeosun has advocated for a lower interest rates in order to boost domestic borrowing by the government. Mrs Adeosun made this known in an interview. The Minister said she was working with the Debt Management Office (DMO), the Sovereign Wealth Fund (SWF) and the pension industry to issue an infrastructure bond to raise money for road and housing projects. She noted that lower interest rates will allow the government to take on more local loans without increasing the burden of debt servicing. Mrs Adeosun expressed confidence that the government can spend its

By Dipo Olowookere Transactions remained bearish on the floor of the Nigerian Stock Exchange (NSE) at the midweek session, shedding 0.91 percent at the close of business. The All-Share Index (ASI) decreased at the trading day by 267.73 points to close at 29,110.90 points, while the market capitalisation went down by N138 billion to settle at N14.995 trillion, lower than N15.133 trillion it ended on Tuesday. It was observed that Zenith Bank was the most transacted equity on Wednesday at the stock market. The lender exchanged 46.6 million units worth N980.7 million. Unilever Nigeria transacted 25.0 million shares valued at

By Adedapo Adesanya Wema Bank has unveiled the 2020 edition of the Wema Hackathon tagged ‘Hackaholics 2.0’, which will mark the second edition of the innovative programme of the institution. The event will be hosting participants virtually in a two-day pitch competition from October 30 -31 to exhibit innovative solutions with excellent market potential, capable of solving essential, everyday business problems. This year’s edition will seek to provide innovative solutions under five major verticals – Agritech, Healthtech, Edutech, Fintech, and Gaming and startups can win up to $40,000 in prizes. The successful startups will proceed to a 4-week Accelerator Bootcamp

By Adedapo Adesanya The Naira weakened against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Monday, November 8. Data showed that the domestic currency depreciated at the spot market by 25 kobo or 0.06 per cent yesterday to close at N414.55/$1 compared with N414.30/$1 it traded at the previous session. This happened on the back of a 73.7 per cent rise in the demand for forex, according to data obtained by Business Post from FMDQ Securities Exchange. It was observed that the value of transactions for the trading session stood at

By Omoshola Deji Nigeria’s 2019 presidential election has ended, but the contest is ongoing at the tribunal. Politics is a mean game – and politicians devise every means to win. That ex-Vice President Atiku Abubakar is challenging the result doesn’t mean he won. He may have indeed lose and still be imploring the tribunal to return him elected. In the same vein, President Muhammadu Buhari’s insistence that he won doesn’t mean he actually did. He may have robbed Atiku and still be persuading the tribunal to pronounce him validly elected. Aside determining who really won, two major issues are before

By Adedapo Adesanya The Lagos State Governor, Mr Babajide Sanwo-Olu, has signed into law a bill empowering the state government to collect Value Added Tax (VAT). The Commissioner of Information and Strategy in Lagos, Mr Gbenga Omotoso, in a statement, said Mr Sanwo-Olu signed the VAT bill into law on Friday, September 10. “The Governor signed the bill for a law to impose and charge VAT on certain goods and services at about 11:45 a.m. today, after returning from an official trip to Abuja. “By this act, the bill has now become a law,” said Mr Omotoso. This signing is