Buhari Approves Request to Increase Pensioners’ Pay

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 Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

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 Adedapo Adesanya The National Information Technology Development Agency (NITDA) has restated the federal government’s plan to attain at least 95 per cent digital literacy by 2030 as it continues to support initiatives that are advancing the goal. This assurance was given by Mr Kashufu Abdullahi, the Director-General of the agency on Sunday at the graduation ceremony of 50 children, including 10 Almajiri children at the Engausa Global Tech Hub in Kano. The Engausa Global Tech Hub is an Incubation centre, currently working in collaboration with NITDA in Kano. The graduating children have been intensively trained at their early stage,

By Adedapo Adesanya The Brent crude returned to $40 levels on Tuesday despite resurgence of coronavirus in China, the world’s biggest crude importer. The international benchmark crude gained 94 cents or 2.37 percent to trade at $40.66 per barrel. Also, the US West Texas Intermediate (WTI) crude gained 81 cents or 2.18 percent to settle at $37.93 per barrel. There have been worries about a resurgence of coronavirus cases in some parts of the United States, China and in some European countries which could offset recovering of fuel demand as cases rose to more than 8 million worldwide. On Tuesday, Beijing

By Dipo Olowookere Kwara State government has attributed the N2 billion increase in the debt profile of the state to a loan obtained by the previous administration. In a statement issued on Wednesday night by Mr Rafiu Ajakaye, the Chief Press Secretary to Governor AbdulRahman AbdulRazaq, it was stated that when the previous debt profile was released by the Debt Management Office (DMO), the N2 billion loan was not included by the debt agency. Mr Ajakaye said since Governor AbdulRazaq was sworn into office on May 29, 2019, his administration has not borrowed money from any quarter, but has rather

By Dipo Olowookere Lagos State government has insisted that whistle blowing is the surest way to tackle the incessant building collapse in the State, adding that Lagosians must be willing to assist Government by raising alarm whenever they see any illegal development in any area of the state. Commissioner for Physical Planning and Urban Development, Mr Wasiu Anifowoshe, gave the charge at the site of the collapsed building at No 9, Daddy Alaja St. Idumota, Lagos Island, which was a defective three storey building under illegal renovation with occupants still residing in it. Mr Anifowoshe said: ” This is one

By Kester Kenn Klomegah Russia and African states have traditionally enjoyed friendly, time-tested relations, and a significant role was in the liberation of the continent, supporting the struggle of its peoples against colonialism, racism and apartheid. Today, the development and strengthening of mutually beneficial ties with African countries and their integration associations is one of Russia’s foreign policy priorities, thus on October 23-24, Sochi hosted the first Russia-Africa Summit. The idea to organise such an event emerged quite a long time ago; however, it has taken some time and considerable preparatory work to make this summit a starting point for

By Modupe Gbadeyanka Chairman of Capital Oil and Gas Industries Ltd, Mr Ifeanyi Ubah, has absolved his company from the alleged theft of about 100 million litres of petrol stored in its depot in Lagos by the Nigerian National Petroleum Corporation (NNPC). Mr Ubah, while reacting to the theft allegation on Sunday in Lagos, called for a reconciliation of the company’s account with the NNPC. He alleged that the NNPC has failed to tell the public that it also owed Capital Oil billions of Naira from their mutual business transactions, calling the allegation against his firm as mischievous and misleading.

By Dipo Olowookere The recent announcement by the United States government on the removal of travel ban on Sudan has been described as a welcomed development. The African Union Commission (AUC), in a statement today, said it looks forward to the full normalization of relations between the two countries. According to the statement, the AUC was perplexed by the imposition of a travel ban on some African countries as the free and legal movement of people is the foundation of a stronger and mutually enriching relationship between the African continent and the United States. While sharing the same concerns with

By Millie Clarke The disruption of technology is revolutionising industries across many levels. As businesses evolve during the unprecedented revolution in the workplace, appropriate operating models must be put in place to meet the continuous demands of clients and the world around us. The future workforce must be equipped with the necessary tools to allow them to easily adapt to the ever-changing world that will require digital skills, organisational adaptability and a different kind of leadership at all levels. The banking industry specifically, has faced significant disruption from changes in client expectations, geopolitical landscape shifts and development of artificial intelligence