Buhari Mourns Bisi Akande’s Wife

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

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 Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Investors Hub Asian stocks rose broadly on Thursday as easing political tensions in Hong Kong and Britain helped improve investors’ appetite for risk. Investors also cheered news that the U.S. and China have agreed to hold ministerial-level trade talks in Washington in early October. Chinese stocks closed higher on hopes that Beijing will cut lenders’ reserve requirements again to shore up the economy. The benchmark Shanghai Composite Index climbed 28.45 points, or 1 percent, to 2,985.86, although Hong Kong’s Hang Seng Index edged slightly lower after yesterday?s rally. Japanese shares hit a one-month high as the U.S. and China

By Modupe Gbadeyanka Despite recording 30.4 percent increase in its revenue in the 2017 financial year, which ended on September 30, 2017, one of the leading foam makers in Nigeria, Vitafoam, posted a huge loss in the period under review. In its audited financial results released to the Nigerian Stock Exchange (NSE) on Monday, January 08, 2018, the firm said its revenue grew from N13.57 billion in the 2016 financial year to N17.7 billion in 2017. This was boosted by some strategic initiatives put in place by the management to enhance the company’s earnings. However, the issue of foreign exchange

By Adedapo Adesanya The chief executive of the National Drug Law Enforcement Agency (NDLEA), Mr Buba Marwa, has called for collaboration to tackle the expected surge in substance abuse and illicit drug trafficking in Nigeria as the country’s youth population grows. He made this call when he held a meeting with the Governor of Delta State, Mr Sheriff Oborevwori, at the Government House in Asaba, the state capital during his three-day working visit which ended last Friday. He stated that for Nigeria to defeat the twin evil of substance abuse and illicit drug trafficking, Nigerians must rise in unison to

By Dipo Olowookere Investor sentiment was weak on the floor of the Nigerian Exchange (NGX) Limited on Thursday as traders struggled to regain their confidence in the bourse. This affected the local stock market indices, which were depressed by 0.02 per cent at the close of transactions due to sustained profit-taking, especially in large and mid-cap equities. The news of a billionaire businessman, Mr Femi Otedola, acquiring about a 5.5 per cent stake in Transcorp to become one of its largest shareholders could not lift the spirits yesterday. The development only triggered buying pressure on Transcorp stocks, which appreciated during

By Dipo Olowookere Last week, trading in Sterling Bank, Zenith Bank and Meyer accounted for 752.4 million shares worth N3.3 billion in 4,039 deals, contributing 49.03 percent and 28.82 percent to the total equity turnover volume and value respectively. During the week, the Nigerian Stock Exchange (NSE) recorded a total turnover of 1.5 billion shares worth N11.3 billion in 18,928 deals compared with 1.5 billion shares valued at N14.9 billion that exchanged hands the previous week in 21,828 deals. It was observed that financial stocks led the activity chart with 1.1 billion units valued at N7.1 billion traded in 12,225

By Modupe Gbadeyanka Two operators of the capital market have received life ban from the Securities and Exchange Commission (SEC), the market’s regulator, for alleged misconduct. SEC announced on Wednesday that the two operators, Mr Taofik Lawal and Mrs Iyabode Lawal, both directors of WT Securities Limited, were barred from operating in the Nigerian Capital market for life after they were found culpable of mismanaging stocks belonging to Mrs Opral Mason Benson. The industry’s regulator further said Mr Lawal and Mrs Lawal have also been blacklisted. Members of the public have therefore been warned not to transact any business with

As electioneering campaigns gain momentum towards the 2019 general elections, Nigerians have been urged to look out for leaders that have the pedigree for entrenching development in the country irrespective of party affiliations. African Action Congress candidate for House of Representatives, Sapele, Okpe and Uvwie Constituency in Delta State, Prince Omonigho Sadjere stated this during a debate and fundraising dinner in Abuja to officially kick-start his electioneering campaign. Mr Sadjere who said he is on a restoration mandate for his constituency noted that moneybags and greedy politicians for too long have taken the people and their expectations for granted because

By Dipo Olowookere The Code of Conduct Tribunal (CCT) has cleared the Senate President, Mr Bukola Saraki, of the false asset declaration charges brought against him by the Federal Government. In the wake of his election as the Senate President in 2015, the former Governor of Kwara State was accused of lying about his assets while he governed the state. His trial at the CCT was then viewed by some observers as pure political witch-hunt because he was never the choice of his party for the number three position in the country. And Mr Saraki also made several efforts to