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 Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ) following the signing of a fresh arrangement. The agreement was signed in the presence of the Managing Director of Tata International Limited, Mr Anand Sen, by the Managing Director of Tata Africa Holdings Pty Ltd, Mr Len Brand. This move will help Tata International build on its existing relationship in the country since 2006 when it established operations in Nigeria. “As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to

By Modupe Gbadeyanka Some public servants in Nigeria have been charged to make use of what they learned from a seven-week AIG Public Leaders Programme (PLP) to drive transformative change from within. This appeal was made by the executive vice chairman of the Aig-Imoukhuede Foundation, Mrs Ofovwe Aig-Imoukhuede, at the conclusion of the programme, offered by the Foundation in partnership with the University of Oxford’s Blavatnik School of Government. It is an executive education scheme that provides high-potential African public servants with the opportunity to acquire the skills needed to create cultures of excellence, effectiveness, and integrity in their organisations.

By Modupe Gbadeyanka The Programme Coordinator for Media and Policy at the Social and Economic Justice Advocacy (SEJA), Mr Jerome-Mario Utomi, has challenged the Lagos State government to lead the movement against environmental injustice. Mr Utomi, while speaking on Tuesday as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, the Netherlands, also advised the government to stop being the coach and captain during environmental conversations. At the panel discussion themed “The role of multi-stakeholder engagement in achieving environmental justice, he noted engagement and collaboration have been overused by those in the position of

By Investors Hub Asian stocks ended mixed on Wednesday as news of U.S. tariffs on washing machines and solar panels sparked fears of a global trade war. Chinese shares hit fresh two-year highs on optimism about growth in 2018. The benchmark Shanghai Composite Index climbed 14.23 points or 0.4 percent to end at 3,560.73, while Hong Kong’s Hang Seng Index inched up 27.99 points or 0.1 percent to 32,958.69. Australian shares also closed higher as gains by financials and energy stocks outweighed losses in the mining sector. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both ended

Ecobank has extended its zero-charge fee for digital money transfers below N5,000 till the end of September this year. In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD – Ecobank *326# can continue to enjoy zero fee charge for digital money transfers below N5,000. A statement from the financial institution stated that new customers can also benefit from this by opening an Xpress account from the comfort of their homes by simply dialling *326#. It said the zero charge for mobile money transfers by Ecobank commenced in March as

By Adedapo Adesanya Plans by the federal government to insure all its assets across the federation has gotten a boost following a meeting between the National Insurance Commission (NAICOM) and the Ministry of Finance. At an event held this week, representatives of the Ministry met with the regulatory agency for the insurance sector in Nigeria about the development. The Vice-Chairman, Sub-Committee, Publicity and Communication Sub-Committee, Mrs Ebelechukwu Nwachukwu, disclosed that the federal government officials were at the Insurers Committee meeting held in Lagos. Mrs Nwachukwu, also the Managing Director, NSIA Insurance Company, explained that, “The representatives of the Ministry of

By Dipo Olowookere A total of 914.443 million shares worth N15.263 billion were bought and sold in 18,021 deals on the floor of the Nigerian Exchange (NGX) Limited last week compared with the 823.005 million shares worth N12.228 billion traded in 17,482 deals a week earlier. In the five-day trading week, investors were more interested in financial stocks, accounting for 79.08 per cent and 34.13 per cent of the total trading volume and value respectively after selling 723.125 million units worth N5.209 billion in 9,122 deals. In the week, consumer goods equities only managed to record the sale of 51.097

By Adedapo Adesanya The Department of Petroleum Resources (DPR) has disqualified some participating firms from the 2020 marginal fields bid round over their indebtedness to the federal government. In a release, the agency said some firms would not be able to participate in the round as they were discovered to owe government debts which include non-payment of taxes, tariff, fees or other levies. It also added that some of the bidding firms were disqualified because their respective directors are also directors in other companies that failed to pay statutory fees, adding that prequalification of such company would be on hold

By Dipo Olowookere The Code of Conduct Tribunal (CCT) sitting in Uyo, Akwa Ibom State has convicted a former Supervisory of Ibesiko local government, Mr Ubong Joshua Etukudo. The ex-councillor was ban for three years from holding public office, both elective and appointive, for failure to submit his Asset Declaration Form within the stipulated period. Delivering his judgment on Tuesday, the Justice Danladi Yakubu Umar led Tribunal said with the prosecution counsel proving his case beyond reasonable doubt, the accused was guilty of the offence charged and therefore handed over the punishment of three years ban. “The defendant haven conceded

By Dipo Olowookere Mid-tier lender, Diamond Bank Plc, has announced selling 100 percent equity in its subsidiary in the United Kingdom. The bank, in a statement issued to the Nigerian Stock Exchange (NSE), explained that the decision was to streamline its operations to focus resources on the significant opportunities in the Nigerian retail banking market. Already, the financial institution has signed a Share Sale and Purchase Agreement with a member of GFG Alliance. The disposal of Diamond Bank UK followed the bank’s divestment from its West African business, Diamond Bank SA, which was completed in November 2017. According to Diamond

By Modupe Gbadeyanka Lawmaker representing Kogi West Senatorial district, Senator Dino Melaye, has called on President Muhammadu Buhari to sack Minister of Finance, Mrs Kemi Adeosun; National Planning, Mr Udoma Udo Udoma; and Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele. Mr Melaye, in a statement entitled ‘Buhari-The barking is over, it’s time to bite’, pointed out that the present economic recession in the country has brought untold hardship to citizens. He urged the President sack the above persons and reconstitute a new economic team that will revamp the country’s dying economy. Mr Melaye, who is the