Buhari Lauds Atiku, Dangote, Elumelu’s COVID-19 Donations

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Ahmed Rahma The Executive Head of Sustainable Finance at Standard Bank Group, Mr Nigel Beck, has described the share of Africa in the global sustainable finance market as “negligible.” However, he stated that the continent was starting to play catch-up as more corporates and investors recognise the benefits that these funding solutions offer, including getting lower funding rates if they achieve various predetermined ESG outcomes. He noted that sustainable finance could help drive Africa’s recovery from COVID-19 while also incentivising much-needed investments in the green economy and social development. Speaking on the issue, he disclosed that the global pandemic,

By Dipo Olowookere Reports from the Zimbabwean media have disclosed that the MMM Global Zimbabwe has collapsed; causing thousands of people in the country to lose their hard-earned money put into the scheme. In Nigeria, the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have warned Nigerians not to subscribe to the programme, calling it a Ponzi scheme. However, some Nigerians have ignored these calls, investing millions of Naira into the programme, which promises about 30% to 50% profit monthly. According to a Zimbabwe’s newspaper, IHarare, thousands of dollars have been lost by the country’s citizens

By Aduragbemi Omiyale Financial institutions operating in Nigeria have been warned to be very careful of transactions from the Benin Republic and should put measures in place to scrutinise them. This warning came from the Central Bank of Nigeria (CBN) via a circular dated April 11, 2022, stressing that the West African neighbour is gradually becoming a conduit for laundering illicit funds from drug trafficking. In the notice signed by the Director of Banking Supervision Department of the CBN, Ms Asuquo Evelyn, the apex bank said Nigerian lenders must not be used for such high-risk transactions. The central bank, therefore,

By Dipo Olowookere Activities on the floor of the Nigerian Stock Exchange (NSE) remained bearish on Wednesday despite the market breadth closing positive with 13 price gainers and 11 price losers. Business Post reports that the stock market depreciated by 0.16 percent at the session to expand the year-to-date loss to 15.78 percent. The All Share Index (ASI) went down by 41.45 points to settle at 26,472.20 points against 26,513.65 points of the previous session, while the market capitalisation N20.2 billion to close at N12.887 trillion in contrast to N12.907 trillion it ended in the previous session. Topping the losers’

By Ahmed Rahma The United Nations on Tuesday appealed for $266 million to help feed more than three million refugees and asylum seekers across East Africa, suffering extra hardship because of the coronavirus pandemic. The High Commissioner for Refugees (UNHCR) and the UN World Food Programme (WFP) in a joint statement stated that lockdowns and other measures to contain the contagion have made it more difficult for refugees to get food or earn money. “We’ve never had such a terrible funding situation for refugees,” said WFP’s regional director for East Africa, Mr Michael Dunford, adding that $266 million was needed

By Dipo Olowookere One of Nigeria’s most Innovative banking services providers, Heritage Bank, has rewarded 24 loyal customers in its on-going Happy Days Promo with 42-inch LED flat screen TV at a monthly raffle draws held in Lagos yesterday. The bank recently launched the six-month promo to reward customers who made N20,000 deposits into its account on a monthly basis with a 42–inch LED flat screen TV, a customer with N100,000 deposit at the end of April will be qualified to win N1 million while a customer with N500,000 deposit at the end of May will be qualified  to win