DPR Dangles N250,000 Fine Before Petrol Stations

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Adedapo Adesanya The Nigeria Labour Congress (NLC) is set to embark on its planned strike as it said it does not have any agreement with the federal government to shelve the action. This came from its Head of Information and Public Affairs, Mr Benson Upah, who countered a statement by the Ministry of Labour and Employment. Mr Upah also said the NLC did not have any date for a meeting with the government that may lead to the suspension of the proposed strike. “We do not have any agreement with the government to suspend the planned strike action. Neither

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Dipo Olowookere The first trading session of the new week was positive following the 0.03 per cent appreciation recorded by the Nigerian Stock Exchange (NSE). The sustained bargain hunting by investors extended the bullish run at the market, increasing the All-Share Index (ASI) 7.25 points to 25,229.12 points from 25,221.87 points. It equally expanded the market capitalisation by N4 billion during the session to N13.162 trillion from the previous N13.158 trillion. Business Post reports that the market breadth was at equilibrium yesterday with 15 price gainers and losers each. Unilever Nigeria was the highest price gainer during the session

By Hyther Nizam The workplace today is vastly different than it was a few years ago. The pandemic has accelerated the adoption of digital technologies by businesses, both for their customers and employees. Today, the majority of businesses operate on a hybrid model, and as a result, internal collaboration—both digital and in-person, has become critical for business success. When it comes to creating an environment that supports online and offline employee collaboration, many businesses continue to fall short and work in restricted silos. In today’s age, companies need to think about implementing effective collaboration platforms that facilitate team communication regardless

By Dipo Olowookere The eNaira application designed by the Central Bank of Nigeria (CBN) and launched on Monday, October 25, 2021, in Abuja by President Muhammadu Buhari has been pulled down from Google Play Store. On Wednesday, Business Post reported that the app, called eNaira Speed Wallet on the store for Android phone users, was getting negative reviews from Nigerians, who were disappointed with the process of registering for the app as required by the CBN. Many users encountered problems after downloading the app from the play store. The main issue experienced was registering to create a wallet to enable

By Dipo Olowookere One of Nigeria’s most innovative banking service providers, Heritage Bank Plc, has unveiled plans to organise an annual sporting event for secondary schools in Nigeria with the aim of discovering and rewarding talents. The project known as Skoolympics, is aimed at building a heritage of champions using Lagos State for the pilot scheme. Managing Director and Chief Executive of the bank, Mr Ifie Sekibo, officially flagged off the project in Lagos, at a crowded corporate forum/ presentation. Addressing representatives of prospective brand partners at the first official press briefing, the Heritage Bank’s boss who was represented by

By Adedapo Adesanya **Attracts $14bn Investment Pledges President Bola Tinubu on Wednesday commended Indian investors for significant investment pledges amounting to nearly $14 billion during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India. Among these many new investments, Indorama Petrochemical Limited pledged $8 billion in the expansion of its fertilizer production and petrochemical facility in Eleme, Rivers State. Others include Jindal Steel and Power Limited, one of India’s largest private steel producers, which committed to investing $3 billion in Nigeria while the Founding President of SkipperSeil Limited, Mr Jitender Sachdeva, announced $1.6 billion in the establishment of twenty

By Dipo Olowookere The Nigerian Exchange (NGX) Limited recorded the sale of 853.745 million shares worth N11.841 billion in 18,543 deals last week compared with the 1.023 billion shares worth N20.221 billion transacted in 18,650 deals a week earlier. It was observed that Nigerian stock investors trimmed down their investments in local equities ahead of the governorship and state parliamentary elections over the weekend. Analysis of the trades showed that financial shares led the activity chart in the week, with a turnover of 547.566 million units valued at N7.100 billion in 9,419 deals, contributing 64.14 per cent and 59.97 per

By Modupe Gbadeyanka The publisher of Sahara Reporters, Mr Omoyele Sowore, has been lambasted by the APC Mandate Defenders for claiming that the ban on international flights was lifted by the federal government because the children of the elites needed to return back to schools in abroad. In a statement issued on Tuesday by its National Publicity Secretary, Mr Ifeanyi Emeka, the group said Mr Sowore’s claim was far from the truth. The APC Mandate Defenders accused the media practitioner as a “known blackmailer, fake news manufacturer and mischief maker who want to use lies, disinformation and empty propaganda to