EFCC Declares MBA Forex Owner Wanted Over N231bn

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

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 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 Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Kester Kenn Klomegah Women play an increasingly important role in resolving issues that society and the state encounter and in the modern world, they should not face the choice between family and self-fulfilment, Russian President Vladimir Putin said at the third Eurasian Women’s Forum held in St. Petersburg on October 13-15. “It is completely obvious that in modern conditions a woman should not face the choice between children and family or professional fulfilment. That is why in Russia the conditions are consistently created for a woman after childbirth to begin or resume her professional career at any moment, to

By Dipo Olowookere After nearly 400 confirmed infections and 100 deaths, the spread of Lassa fever in Nigeria is beginning to slow but the epidemic is far from contained, the World Health Organization and the Nigeria Centre for Disease Control (NCDC) have warned. NCDC’s latest data shows that the number of new confirmed and probable cases has been falling for five consecutive weeks, indicating that public health measures are proving effective, but more infections are expected until the end of the dry season, as the viral haemorrhagic fever is endemic to the area. Between January 1 and March 25, 2018,

By Dipo Olowookere Organisers of the glamorous Best of Nollywood (BON) awards have announced star actress, Mercy Aigbe-Gentry and ace comedian, Okey Bakassi as the anchors of this year’s event. BON awards remains one of the most consistent and coveted ceremonies rewarding hardwork in the Nigerian movie industry commonly called Nollywood. According to the Executive Producer of BON, Mr Seun Oloketuyi, the duo of Mrs Gentry and Mr Bakassi would spice up the event, which holds on Sunday, December 10 in Abia State at the International Conference Centre, Umuahia, by 6pm. In a message on his Facebook page, where he

By Modupe Gbadeyanka The Nigerian local currency, Naira, gained five points on the parallel market, closing at N455 per Dollar, while the Pound Sterling and the Euro closed at N555 and N505, respectively. At the interbank segment of the market, the currency gained N1.45 to close at N304.75 from N306.50 recorded on Thursday, while at the Bureau De Change (BDC) window, Naira exchanged at N385/400 to a Dollar, Central Bank of Nigeria (CBN) controlled rate, while the Pound Sterling and the Euro closed at N555 and N500, respectively. Traders at the market told the News Agency of Nigeria (NAN) said

By Dipo Olowookere Senate President, Mr Bukola Saraki, has disclosed that the 25-30 percent interest rate being charged by banks on loans to business owners was making it difficult for genuine businesses to survive in the country. The number three citizen of the country described the 25-30 percent interest rate regime as a “yoke too hard to bear for any real sector business.” “Our businesses need a breather. I am a firm believer that unless we are ready to think outside of the box and task ourselves to make sacrifices and take hard decisions with a view to the future

By Adedapo Adesanya  The Naira appreciated against the US Dollar and other major foreign currencies at the parallel market on Thursday ahead of the effective date for the travel restrictions placed on some countries by the Nigerian government. On Wednesday, the federal government bowed to pressure by announcing a travel ban on 13 countries highly affected by the deadly coronavirus. This followed the recording of fresh cases of the COVID-19 disease in the country. To stop the spread of the coronavirus, Nigeria, from today, Friday, March 20, 2020, is restricting entry into the country for travellers from 13 countries with

By Modupe Gbadeyanka Heritage Bank Limited, Nigeria’s Most Innovative Banking Service Provider, has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos yesterday, Mr Ejikeme Obiano, Head, Solutions and Propositions of Heritage Bank said the bank was committed to creating, preserving and transferring wealth as a timeless wealth partner to its customers. He said the bank sees each customer as unique and therefore designs solutions that are tailored to address each customer’s needs. Mr Obiano also said the

By Modupe Gbadeyank A subsidiary company of ofi, Outspan Nigeria Limited, has stepped up efforts to improve local milk production by organising a capacity-building programme on dairy production management for smallholder dairy farmers in Kano State to deepen its backward integration programme in the dairy value chain. The programme was executed in conjunction with the Kano Dairy and Livestock Husbandry Cooperative Union (KADALCU), which comprises over 70,000 smallholder dairy farmers. The intense dairy farming training initiative is aimed at expanding both upstream and midstream segments of the dairy value chain to strengthen the knowledge and skill levels of the cooperative’s