Bolt Provides Equal Opportunities for Women in Technology

By Adedapo Adesanya The former Governor of the Central Bank of Nigeria (CBN), Mr Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company (NNPC) Limited as he outlined certain restructuring of government organisations. Mr Sanusi, who made this known while delivering his remarks at The Bank Directors Summit at the Congress Hall of the Transcorp Hilton in Abuja, noted that this call was what cost him his job at the apex bank under the Goodluck Jonathan administration. Mr Sanusi, who was CBN governor from June 2009 to February 2014, also insisted that the President

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Dipo Olowookere No fewer than 50 persons in the payroll of Skye Bank have been asked to leave the company, Tribune is reporting. It was reported that the affected employees are in the outsourced and auxiliary functions of the financial institution, which according to a recent report by Bloomberg, was close to being insolvent. Reports say the dismissed workers were showed the exit door based on performance, disciplinary issues as well as right sizing. However, the numbers of the affected non-core staff were not stated since they are not direct employees of the bank. Most of the affected are

By Modupe Gbadeyanka On Thursday, December 29, 2016, Sokoto State Governor, Mr Aminu Tambuwal, presented a budget of N204.3 billion to the state House of Assembly. Mr Tambuwal informed the lawmakers that the 2017 appropriation bill is focused on sustainable economic development through substantial investment in critical sectors. To prove this, the education sector got the highest allocation of over N38.43 billion, representing 27.3 percent. This is the second year running the sector is getting the lion share of the budget. Also, works and transport sectors got N16.2 billion, while water resources and environment gulped N10.7 billion. In the same

By Reginald Onabu Modern medicine has made giant strides in the last 50 years. There has been appreciable progress in the evolution of healthcare and contemporary medical science. Today, the world is a much better place, in that regard. New technologies and research are helping to produce drugs and medicines to improve treatments, cures and solutions. Several illnesses and diseases that were formerly thought to be incurable such as poliomyelitis, arthritis and bronchitis, are now almost treatable, or at least better managed. Advances in modern medicine have developed to the point where doctors can perform virtual surgeries in different locations

By Dipo Olowookere The National Bureau of Statistics (NBS) on Tuesday said Nigeria recorded a total of $8.486 billion in capital importation in the first quarter of 2019. The stats office said this represents 34.61 percent increase when compared with the figures in the first quarter of 2018 and 216.03 percent growth when compared with the amount brought into the country in the fourth quarter of 2018. According to the NBS, the largest amount of capital importation by type was received through portfolio investment, which accounted for 84.21 percent or $7.146 billion of total capital importation, followed by other investment,

By United Capital Research March proved to be a month of “surprise” after the Nigerian equity market failed to recover in the wake of the Presidential and National Assembly elections. For better perspective, the market ended 2018 lower by a whopping 17.8 percent amid a seastorm of negatives; from tighter financial conditions (higher US interest rates and a stronger dollar) to political uncertainties in anticipation of what was expected to be the most unpredictable presidential contest. However, with all of 2018’s pressure points behind us, investors are clearly still having a hard look at the equity market considering the massive

By Adedapo Adesanya NASD Over-the-Counter (OTC) Securities Exchange has announced the full suspension of trading of Allianz Nigeria Insurance Plc shares on its platform. This was disclosed in a notice released by the bourse yesterday, where it confirmed that the last trading date of the underwriter’s securities on its platform was Tuesday, November 10, 2020. This means the shares of Allianz Insurance has been placed on full suspension from now on. The reason for the action was to allow the conclusion of the sale of the company’s stocks held by shareholders. “Further the appointment and application of Stanbic IBTC Stockbrokers

By Dipo Olowookere The Special Thanksgiving Service to cap the series of activities for Lagos @ 50 Celebrations earlier scheduled to take place at Chapel of Christ the Light, Alausa, Ikeja, has been moved to another venue. This comes after the Presiding Chaplain of Chapel of Christ the Light, Alausa, Venerable Femi Taiwo, was allegedly removed barely 24 hours after he failed to first anoint wife of the Governor, Mrs Bolanle Ambode, during an anointing service some days ago at the church. However, the state government has denied removing the cleric because of this issue as being reported in the

By Modupe Gbadeyanka The Zonal Office of the Nigerian Communications Commission (NCC) in Kano recently received members of the Association of Mobile Phones and Allied Products Traders of Nigeria (AMPAT) who came on a courtesy and familiarization visit. The AMPAT delegation made up of the members of its Board of Trustees and the Executive Council explained that the visit was to get better acquainted with the operations of the commission and establish areas of collaboration especially to ensure sanity in the segment of the telecom market where their members operate. At the moment, there are 24 specialised markets for downstream