Contempt: NBC Managing Director Knows Fate December 1

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

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 Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Ebitonye Akpodigha Tuesday, September 27, 2016, federal, state, local governments and other stakeholders will gather in Ogun State to discuss the present economic situation in the country, with a view to finding a way out of it. The meeting, hosted by the Minister of Finance, Mrs Kemi Adeosun, is packaged under the umbrella of the National Council on Finance and Economic Development (NACOFED) 2016 conference. A statement issued Sunday by her aide. Mr Festus Akanbi, disclosed that the meeting would precisely take place in Abeokuta, the state capital. According to Mr Akanbi, the state Governor, Mr Ibikunle Amosun, is

By Modupe Gbadeyanka The much-awaited two-day seminar on gemstones and exhibition of products and equipment is commencing today, Thursday, October 19, 2017, in Abuja. Expected to grace the occasion are the wife of the Vice President, Mrs Dolapo Osinbajo; wife of a former Head of State, Mrs Ajoke Murtala Mohammed; some members of the Federal Executives Council; and other stakeholders in the extractive industry. The two-day event, organised by the Ministry of Mines and Steel Development in partnership with African Gems and Jewellery and Seminar Limited as well as other stakeholders, would also feature training sessions on different aspects of

By Modupe Gbadeyanka If there is one issue farmers in Nigeria face in the export business, it is the rejection of their commodities in Europe and the United States of America (USA). But this may soon become a thing of the past as the Securities and Exchange Commission (SEC) is working with the Standards Organisation of Nigeria (SON) to address the issue. To start with, the apex regulator in the nation’s capital market is pushing for the speedy approval and publication of standards relevant to the commodities trading ecosystem. On Wednesday, the Director-General of SEC, Mr Lamido Yuguda, was at

By Modupe Gbadeyanka Last week, 1.2 billion shares worth N22.8 billion were transacted on the floor of the Nigerian Stock Exchange (NSE) in 21,156 deals compared with the 2.1 billion stocks valued at N26.5 billion that exchanged hands the previous week in 24,262 deals. A breakdown showed that equities in the financial services industry dominated trading with 837.5 million units worth N10.5 billion executed in 12,041 deals, contributing 67.69 percent and 46.17 percent to the total equity turnover volume and value respectively. It was also observed that shares in the industrial goods sector followed with 154.5 million units worth N3.0

By Dipo Olowookere One of the biggest banks in Nigeria, Access Bank Plc, was the cynosure of all eyes at the recently held 70th Anniversary of Africa Newspaper of Nigeria (ANN), publishers of the Nigerian Tribune in the capital city of Oyo State, Ibadan. The financial institution, during the ceremony, was announced as the most improved bank in the country and was given an award for this feat by organisers of the programme, which was attended by several notable figures in Nigeria, including former Defence Minister, Mr Theophilus Danjuma. Presenting the award to Access Bank at University of Ibadan International

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday following the rally seen in the previous session. Geopolitical concerns may weigh on the markets amid rising tensions with North Korea and uncertainty about the French presidential election. Traders are also digesting the latest batch of earnings news, including mixed results from financial giants Bank of America (BAC) and Goldman Sachs (GS). Stocks moved notably higher over the course of the trading session on Monday, regaining some ground following the decline seen last week. The major averages closed firmly in positive territory, snapping a

By Dipo Olowookere The bulls made a return to the Nigerian Exchange (NGX) on Friday with a 0.61 per cent growth as a result of a renewed buying pressure. Business Post observed bargain hunting in equities in almost all the key sectors of the market, but when market activities were ended for the day, only the banking space closed in red with a decline of 0.52 per cent. The industrial goods counter appreciated by 1.19 per cent, the insurance space improved by 0.94 per cent, the consumer goods sector gained 0.44 per cent, while the energy index closed flat. At

By Adedapo Adesanya The African Development Bank (AfDB) has announced the debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited, for a period of 18 months. The Abidjan-based lender said the company was barred from executing its projects for fraudulent practices and will take effect from July 28, 2021. An investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that Sargittarius Nigeria Limited engaged in fraudulent practices during tenders for the construction of water infrastructure in Ibadan, Nigeria, under the Urban Water Supply and Sanitation Improvement Project in Nigeria. The debarment renders