BREAKING: Eyitayo Jegede Emerges Ondo PDP Guber Candidate

By Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

By Adedapo Adesanya The federal government has declared Monday, October 2, 2023, a public holiday to celebrate Nigeria’s 63rd Independence Day, which falls on Sunday, October 1. The Minister of Interior, Mr Olubunmi Tunji-Ojo, made this known in a statement signed by the ministry’s Permanent Secretary, Mrs Oluwatoyin Akinlade, in Abuja on Thursday. Mr Olubunmi acknowledged the global socio-economic hardship, noting that Nigeria is not excluded. He, however, reasserted the government’s commitment to tackling the issues facing the country to reassure Nigerians. “It is today a known fact that difficult Socio-Economic and Security challenges are global, and Nigeria is not

By Bliss Okperan The Lagos State Waste Management Authority (LAWMA) has announced the immediate closure of the popular spare parts market, Ladipo Market, over an “unhygienic environment.” In a statement on Friday, the waste management agency said it shut down the market due to the unwholesome environmental practices by traders who refused to pay for waste services alongside the poor waste management. The Commissioner for Environment and Water Resources in Lagos, Mr Tokunbo Wahab, said the market would remain closed until the mandatory conditions of redress have been met by traders and market stakeholders. “It is imperative that markets in

By Dipo Olowookere The Nigeria Centre for Disease Control (NCDC) on Sunday announced 86 new cases of Coronavirus disease (COVID-19) in the country. This is the highest number of cases recorded in a single day so far in the country since its first case was announced on February 27, 2020. According to the NCDC, the 86 additional cases recorded yesterday have increased the total number of confirmed coronavirus cases to 627. “As at 11:50 pm of April 19, 2020, there are 627 confirmed cases of #COVID19 reported in Nigeria, [with 170 patients discharged after recovery and 21 deaths,] the agency

By Adedapo Adesanya The NASD Over the Counter (OTC) Securities Exchange was fortified with the necessary nutrients to have the energy for a smooth ride this week, thanks to a dairy company on the exchange, FrieslandCampina WAMCO Nigeria Plc. Business Post reports that on Monday, the unlisted securities market opened the week on the positive note by 0.37 per cent as a result of the performance of the maker of a popular milk product in Nigeria. As a result, the NASD Unlisted Security Index (NSI) appreciated by 2.75 points to finish at 738.59 points in contrast to 735.84 points it

By Adedapo Adesanya The federal government has explained why the Ibadan to Kano rail line project was yet to be done despite being approved for construction one year ago. The Minister of Transportation, Mr Rotimi Amaechi, while speaking on NTA Weekend Deal Programme in Abuja on Saturday, disclosed that China was yet to make available to Nigeria the $5.3 billion to be used to finance the project. He said the bilateral construction agreement between the Nigerian and Chinese governments through the China Civil Engineering Construction Corporation (CCECC) Limited was yet to commence because the funds had not yet come in.

By Modupe Gbadeyanka The decision of federal government of Nigeria to shut the land borders across the country has taken a huge toll on the performance of PZ Cussons Nigeria Plc. In the half year results of the company announced on Monday, the makers of several household products in the country said its revenue declined by 3.2 percent to N33.95 billion from N35.05 billion achieved in the first half of last year. The gross profit declared by the firm in the period ended November 30, 2019 broadly decreased by 34.4 percent to N5.79 billion from N8.83 billion. This was significantly

By Adedapo Adesanya University Press Plc has again recorded another loss in the first half of this year, having suffered a similar fate in the first half of last year, indicating that things are still not in the right shape in the company. The publishing house, which released its financial statements recently, recorded a higher comprehensive loss after tax, which stood at N144.5 million as at June 30, 2019 as against a N41 million loss recorded as at June 30, 2018. This indicated that the loss was expanded by 248.2 percent year-on-year. The company’s financial statements also showed that the

By Adedapo Adesanya The Sokoto State Governor, Mr Aminu Waziri Tambuwal, has revealed that the African Development Bank (AfDB) will soon facilitate the establishment of an Onion Commodity Exchange in the state. According to the Governor, this was part of the outcomes of a high-level meeting he and some of his Commissioners had with the management team of the bank last week in Abidjan, Côte d’Ivoire. A statement signed by his media aide, Mr Muhammad Bello, said the Governor made this known at the closing of a three-day training for budding entrepreneurs in the state last week, adding that his

By Modupe Gbadeyanka Recently, Ghana’s waste management mogul, Mr Joseph Siaw Agyapong, was on the My Worst Day with Peace Hyde. For those in Ghana, they know Mr Agyapong as a very successful businessman who many pray to be like. This is because he has built one of the most innovative enterprises in the country providing employment for over 250,000 employees in Ghana. However, what most of them do not know is that there was a time in his life when his business was almost crumbling. During the show, the respected water manager shared how things were going well with

By Adedapo Adesanya The African Development Bank (AfDB) has announced that the African Investment Forum has secured $15.6 billion of investment interests for the construction of the Lagos-Abidjan highway corridor. This was disclosed by Mr Akinwumi Adesina, the president of the Abidjan-based lender in a statement on Friday after a meeting with President Alassane Ouattara of Ivory Coast. Mr Adesina said that the investment would strengthen regional trade and integration in West Africa by linking the hinterlands of different Participating Member Countries (PMCs). In a tweet, he wrote, “Speaking to the press at the Presidential Villa, together with H.E. President