Constituency Projects Not Lawmakers’ Projects—Stella Oduah

By Modupe Gbadeyanka A key suspect in the Dangote Cement price slash scam, Mr Benjamin Ezeukwe, has been arraigned in court by the police in Lagos State. A statement issued by the spokesman of the Lagos Command of the Nigeria Police Force (NPF), Mr Benjamin Hundeyin, disclosed that the accused person was taken to court for prosecution after he was arrested in Rivers State. The Police Public Relations Officer, who is a Superintendent of Police (SP), disclosed that Mr Ezeukwe was picked up by police operatives on Thursday, October 19, 2023, in the Rumuolumeni area of Obio/Akpor local government area

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 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 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 Adedapo Adesanya To avoid the unprecedented flood experienced across the country last year, the federal government has disclosed preventive measures to open up blocked channels. The Director General of the National Inland Waterways Authority (NIWA), Mr George Moghalu, made this disclosure after a private meeting with President Muhammadu Buhari. The NIWA boss explained that the agency was carrying out massive sensitization of the possible flood-prone areas as efforts are ongoing to ensure that rivers Niger and Benue are made navigable for vessels to have access to other ports being developed. It will be recalled that in 2022, Nigeria experienced

By Modupe Gbadeyanka Acting Director General of the Securities and Exchange Commission (SEC), Mr Abdul Zubair, has advocated for a strong and competitive capital market in West Africa that will rank at par with the markets of other regions of the world. The SEC Nigeria boss made this call at the fourth Executive Council meeting of the West African Securities Regulators Association (WASRA) held recently in Rabat, Morocco. The meeting was precisely held on the sidelines of the 40th annual meeting and conference of the African Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO). Mr

By Dipo Olowookere On Monday, September 23, 2019, a fire incident was reported at the Lekki, Lagos premises of ICT Solutions firm, Computer Warehouse Group (CWG) Plc. The inferno caused some level of material loss to the company, but in a statement yesterday, the management of CWG assured stakeholders that the fire has been brought under control. According to the statement, “On the morning of 23rd of September, 2019, a fire broke out within one of the premises of CWG Plc; located at Lekki Phase 1, around 10:30am. The building affected currently serves as a storage unit for the location;

By Kestér Kenn Klomegâh Far ahead of the special session that thoroughly reviewed and discussed Russia’s education and the employment market at the 25th St. Petersburg International Economic Forum (SPIEF), Russian legislators have, on May 25, launched a Telegram survey on the future of higher education and the Bologna system in Russia. Russia’s State Duma speaker Vyacheslav Volodin wrote on his Telegram channel calling for a new higher education system in the country based on the best contemporary and Soviet practices. “We would be right to create an effective national higher education system based on today’s and Soviet practices,” Vyacheslav

By Dipo Olowookere A total of 11,886,823,200 ordinary shares of 50 kobo each of Cement Company of Northern Nigeria (CCNN) Plc have been listed by the Nigerian Stock Exchange (NSE). This followed the approval of the application filed by the cement manufacturer to list these shares on the trading platform of the local stock exchange. The 11.9 million ordinary shares of CCNN came up from the scheme of merger between the company and Kalambaina Cement Company Limited. Business Post reliably gathered that the application filed by CCNN was approved by the management of the NSE on Friday, December 21, 2018.

By Adedapo Adesanya The Naira is fast losing its value against the United States Dollar in the various segments of the foreign exchange (FX) market as a result of the bottlenecks end-users go through to obtain the foreign currencies amid disruption in the supply end of the chain. At the peer-to-peer (P2P) window on Wednesday, the Nigerian currency was exchanged with the greenback at N622/$1 compared with the previous day’s rate of N615/$1, indicating a depreciation of N7 or 1.14 per cent. At the black market, according to data sourced by Business Post, the domestic currency depreciated by N2 or 0.33

By Adedapo Adesanya The last trading day of the week on Friday, July 26, 2019, saw the local currency depreciating at the Investors and Exporters (I&E) window of the foreign exchange (forex) market. At the close of transactions, the value of the Naira against the United States Dollar went down by 7 kobo to close at N361.97 against the previous day’s N361.91. Business Post gathered that this development was as a result of the huge pressure on the local at the market yesterday as reflected in the daily market turnover recorded at the market segment, which increased by 70 percent

By Investors Hub The major U.S. index futures are currently pointing to a modestly higher opening on Friday after the major averages closed mixed for two straight sessions. The markets may benefit from optimism that stimulus packages by central banks around the world will help bolster slowing economic growth. Traders also remain hopeful about an eventual end to the U.S.-China trade war, with deputy U.S. and Chinese trade negotiators resuming talks for the first time in almost two months on Thursday. The deputy-level talks this week are expected to help pave the way for more productive high-level U.S.-China trade talks