Buhari Sends Military, Police After Kagara School Abductors

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Adedapo Adesanya Tuesday’s trading session at the NASD Over-the-Counter (OTC) maintained its positive status after appreciating by 0.35 per cent at the close of transactions. This happened as the stock price of FrieslandCampina WAMCO Nigeria further appreciated on the back of the successful take over of PZ Cussons’ dairy business. The company on Tuesday announced that it has completed the acquisition of PZ’s dairy production facility in Ikorodu, Lagos. In essence, the deal makes it the owners of Olympic, Coast and Nunu, PZ Nutricima’s range of milk products. FrieslandCampina WAMCO Nigeria Plc also produces Peak and Three Crown milk.

By Dipo Olowookere The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has promised to work towards the integration of the capital markets in West Africa. The SEC chief gave this assurance when he was chosen as the Chairman of the West African Securities Regulators Association (WASRA). Mr Yuguda became the WASRA Chairman on Monday, June 14, 2021, and succeeded Mr Daniel Ogbarmey Tetteh, the DG of SEC Ghana, who occupied the position for over two years. He was handed over the mantle of leadership of the organisation at a virtual ceremony, which had members of the

By Dipo Olowookere The management of Procter and Gamble (P&G) has reacted to reports that went viral yesterday that it was planning to shut down its production factory in Agbara, Ogun State. The plant, which was commissioned in June 2017 by Vice President Yemi Osinbajo, reportedly gulped up to $300 million to complete. Reacting to the reports through its Public Relations handler, Hill+Knowlton Strategies, P&G said the media reports yesterday quoted incorrect information about its Agbara plant. The statement, which was made available to Business Post on Thursday afternoon, noted that the firm was only restructuring its operations in Nigeria

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited further finished stronger by 0.38 per cent on Wednesday on the back of sustained bargain hunting. This pushed the All-Share Index (ASI) higher during the session by 154.23 points to 41,051.19 points from the previous day’s 40,896.96 points and raised the market capitalisation by N80 billion to N21.391 trillion from N21.311 trillion. It was observed that the demand for banking stocks, especially GTCO, FBN Holdings and others contributed to the growth the market witnessed yesterday, leaving the sector closing higher by 1.40 per cent. The energy space

By Adedapo Adesanya Energy analysts have said oil will remain in the bearish region this after prices crashed last week as a result of the Saudi-Russia oil price war, which caused global panic during the week. Though prices later rose, it was very insignificant as cases of the coronavirus pandemic escalated outside China, where it originated from. Europe was worse hit last week. Over 25 percent was lost by crude oil last week, one of its worst in in 30 years and this week, despite the further cut in interest rates by United States’ Federal Reserve, prices have remained in

By Adedapo Adesanya Oil prices continued to hold gains, although not strong enough, into the first day of the week despite the COVID-19 continuous pull on demand worries that has led to slowdown in China and other parts of Asia. The coronavirus epidemic has negatively affected major Chinese economic activities, especially on the transport, tourism and industry with data showing decline following preventive measures. However, Brent crude futures were up to 32 cents or 0.56 percent to trade at $57.64 per barrel, while the US West Texas Intermediate (WTI) crude rose 5 cents or 0.1 percent to $52.33 per barrel.

By Adedapo Adesanya With deep consideration to the COVID-19 pandemic on economic activities, the Central Bank of Nigeria (CBN) has announced extending deadline for the recapitalisation of microfinance banks (MFBs) in the country. This announcement was made in a circular with reference number FPR/DlR/GEN/ClR/07/054 entitled Re: Review of minimum capital requirements for microfinance banks in Nigeria. It read in parts, “The Central Bank of Nigeria has extended the deadlines for compliance with the revised minimum capital requirements for all categories of the MFBs by one year as follows: “The MFBs operating in rural, unbanked and under-banked areas (Tier 2) shall

By Modupe Gbadeyanka Global premier mobile phone brand, Tecno Mobile, has launched a new dawn into the smartphone ecosystem with the release of a new camera-centric smartphone series, SPARK 3 and SPARK 3 Pro, so as to “light up” users’ photos. The new series were upgraded by AI technology to furthermore advanced the camera features. The SPARK 3 is the third instalment from the SPARK series, and as expected, the device embodies the impeccability of the smartphone brand while offering a sweet price but delivers optimum value. Stephen HA, Managing Director and GM of Tecno Mobile said, “We are proud