CHRSJ Wants EFCC, ICPC to Probe Osun N407.32bn Debt Profile

By Modupe Gbadeyanka To achieve sustainable development in Africa, efforts must be made to have an enabling policy environment and collaboration between the government and the private sector. This was the submission of the chief executive of Airtel Africa, Mr Segun Ogunsanya, at a COP28 side event co-hosted by the telecommunications giant and the African Business Leaders Coalition (ABLC). Mr Ogunsanya, who is a member of the United Nations Global Compact’s ABLC, stressed that African business leaders and governments to join forces to advance sustainable growth, development, and prosperity across the continent. “We stress the importance of an enabling policy

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 Cross River Government has entered into a partnership with Oando Clean Energy on the provision of wind power in the state. Signing the Memorandum of Understanding (MoU) at the ongoing climate conference, known as COP28, in Dubai, Governor Bassey Otu of Cross River State said the collaboration signified the commitment of the state to spearhead the green economy, which he described as a significant milestone in his development objective for the state. Represented by the state Commissioner for Special Duties and Inter-Governmental Relations, Mr Oden Ewa, the Governor said the strategic deal with the energy company

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 Modupe Gbadeyanka The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Wednesday said the state-owned oil agency will no longer operate the country’s refineries after their rehabilitation. Speaking today in an interview on Arise TV breakfast programme, The Morning Show, he said upon completion of the ongoing rehabilitation exercise, the refineries would be handed over to a private firm on an Operations and Maintenance (O&M) basis. “We are going to get an O&M contract, NNPC won’t run it. We are going to get a firm that will guarantee that this plant would run for

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has revealed that a fire outbreak at the Kainji/Jebba line caused the national grid collapse that has resulted in the general power outage experienced all over the country. In a statement shared on X, formerly known as Twitter, he said the outbreak has been taken care of and called for calm as the issue is resolved. He wrote, “At 00:35Hrs this morning, a fire outbreak with an explosion sound was observed on Kainji/Jebba 330kV line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330kV line1

By Modupe Gbadeyanka Analysts at FSDH Research have projected inflation rate (year-on-year) for the month of August to further moderate to 15.99 percent from 16.05 percent in July 2017. In its latest report, FSDH said the expected decrease in the inflation rate is largely attributed to the downward movement in some categories of non-food items in the Consumer Price Index (CPI) basket, as well as decrease in some food prices. A check by Business Post on the data release calendar on the website of the National Bureau of Statistics (NBS) showed that the stats agency will release the inflation rate

By Dipo Olowookere The Banker Magazine has announced Zenith Bank Plc as the number one bank in Nigeria by Tier-1 Capital after the lender climbed 29 spots in the 2020 Top 1000 World Banks Ranking. The magazine, in its latest ranking, stated that Zenith Bank moved from 415 in 2019 to 386 in the 2020 global ranking of banks. The ranking, published in the July 2020 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2019 year-end Tier-1 capital of banks globally. In the report, it was disclosed that Zenith Bank maintained its

By Adedapo Adesanya Despite gains recorded by market hardliners, the Central Securities Clearing System (CSCS) Plc and FrieslandWamco Campina, the NASD Over-the-Counter(OTC) Securities Exchange shed close to two percent on Tuesday, January 28, 2020. At the close of transactions yesterday, the NASD Unlisted Security Index (NSI) depreciated further by 1.94 percent or 13.66 points to 691.76 points from 705.42 points recorded at the previous session. Following the same trend, the market capitalisation also dropped 1.94 percent or N9.81 billion to close at N496.99 billion in contrast to N506.80 billion it finished on Monday. Despite the overall market performance, the share

By Dipo Olowookere The election of association of butchers in Yola, Adamawa State on Saturday caused scarcity of fresh meat in the city, the News Agency of Nigeria (NAN) reports. The butchers did not slaughter any animal on that day because they were holding election at Lamido Cinema into various executive offices. It is believed that over 150 cattle, goats and sheep are slaughtered daily at the Yola abattoir. But the exercise left residents of Yola looking for meat to buy, which reportedly turned to a blessing for fish sellers in the city on Saturday. Some of the residents expressed

By Dipo Olowookere The stock market in Nigeria depreciated by 0.06 per cent and this was buoyed by selloffs in the banking and consumer goods sectors. Business Post reports that the banking counter lost 0.44 per cent, while the consumer goods space went down by 0.08 per cent, with the insurance index rising by 1.17 per cent and the energy and industrial goods counters closing flat. At the close of transactions, the All-Share Index (ASI) dropped 23.08 points to settle at 38,233.68 points in contrast to the previous 38,256.76 points. Also, the market capitalisation reduced by N12 billion to close

**Launches Keystone Bank Inter-Divisional Games Keystone Bank Limited, in demonstration of its commitment to promoting fitness, healthy living, fostering effective and healthy workplace collaboration amongst its staff and their family members, has announced the launch of a sporting event tagged, Keystone Bank Inter-Divisional Games (KIG). The initiative is part of the bank’s objective in creating a better working relationship on the job, thereby boosting performances and building a positive work atmosphere with employee welfare and development at its crux. At the maiden edition held at the main bowl of the prestigious University of Lagos Sports Centre on Saturday, November 23,