CNPP Mounts Pressure on Buhari to Sign Re-amended Electoral Bill

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 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 Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

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

Wife of Nigeria’s Senate President, Mrs Toyin Saraki, has showered praises on aid workers around the world. Mrs Saraki, in her message to mark the 2016 World Humanitarian Day, said these set of people “strive to make this world a better place, even though their lives are continuously at risk, they choose to save lives.” The former Kwara State First Lady, through her Wellbeing Foundation Africa (WBFA), stressed that she “strongly recognises the integrity of humanitarian workers in conflict zones and difficult areas.” She said further that, “As a health foundation, we understand the risks and challenges that are faced

By Adedapo Adesanya Global oil supply falls to nine-year low in June. The International Energy Agency (IEA) has increased its 2020 oil demand forecast on Friday to 92.1 million barrels per day, up 400,000 barrels per day from its outlook in June, citing a lesser decline than expected in the second quarter of the year. In its monthly oil report published on Friday, it noted that the appetite for oil still remain weakened by the novel coronavirus (COVID-19), which is suppressing overall oil demand. It said global oil demand is forecast to average 92.1 million barrels per day in 2020

By Sodeinde Temidayo David The Africa Heritage Institution (AfriHeritage) has expressed determination to work for a national constitution that will foster transformative development and countrywide integration in Nigeria. This was discussed at the Big Ideas Podium in collaboration with the Nigeria Bar Association (NBA) themed Reworking the Nigerian Constitution for National Transformation and Integration. The hybrid event, which had both in-person and virtual participants, was held to meet the institutions’ vision of a renascent Africa that is peaceful, democratic, prosperous and a major player in the global economy. The collaboration meeting re-emphasised the supremacy of the Nigerian Constitution as a

By Adedapo Adesanya A market bellwether, FrieslandCampina Wamco Nigeria, dragged the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory by 0.69 per cent on Friday, April 28. FrieslandCampina Wamco Nigeria Plc lost N3.58 during the session to sell at N79.42 per share compared with the preceding day’s N83.00 per share. The decline in the share price of the leading dairy company shrank the value of the unlisted securities market by N7 billion yesterday to N1.010 trillion from the N1.017 trillion it finished in the previous session. In the same vein, it weakened the NASD Unlisted Securities Index (NSI) on

By Ahmed Rahma The Federal Road Safety Corps (FRSC) said from the second quarter of 2021, no vehicle would be registered without the presentation of the National Identification Number (NIN) by the applicant. The agency said on this policy, it will not give a waiver to anyone, no matter how highly placed the person may be. On Saturday, the Corps Public Education Officer, Mr Bisi Kazeem, disclosed that the presentation of the NIN would be compulsory for the registration of vehicles from April in compliance with the presidential directives. The federal government had directed agencies with the bio-data of citizens

By Adedapo Adesanya The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the benchmark interest rate by 50 basis points, bringing it to 18.00 per cent from 17.50 per cent. This was disclosed by the CBN Governor, Mr Godwin Emefiele, on Tuesday while reading the communiqué of the 290th MPC meeting. Mr Emefiele said the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR. He also disclosed that the MPC voted to keep the Cash Reserve Ratio (CRR) at 32.5 per cent, as well as the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange saw a significant improvement in the number of securities transacted on the platform by investors on Friday, January 17, 2020. During the session, market participants exchanged a total of 4,740 units of stocks listed on the OTC market compared with the 470 units of shares traded the previous session, representing a 908.51 percent or 4,000 unit rise. Also, the value of transactions increased on Friday after consecutive declines at the Wednesday and Thursday sessions, to N583,020 in contrast to N52,898 achieved on the previous day, indicating an improvement by 1,002 percent

By Dipo Olowookere Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Plc (NBET), Dr Marilyn Amobi, has said the country cannot achieve its target of 20,000 megawatts of electricity target by the year 2020. Mrs Amobi, while fielding questions from members of the House of Representatives Committee on Power led by Mr Dan Asuquo, also noted that deploying nuclear and wind energy in Nigeria would remain a mirage. She told the lawmakers, who paid her agency a working visit, that the 20,000MW target was capital intensive, stressing there is no way the country will meet up within the