EFCC Frees Detained Blogger

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 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 Bliss Okperan The Minister of Foreign Affairs, Mr Maitama Tuggar, has said that there will be a significant improvement in electricity supply by the first half of 2024 after the completion of the Ajaokuta Abuja Kaduna Kano project (AKK). Mr Tuggar disclosed this on Tuesday during an interview with Channels Television’s prime-time programme, Politics Today. “In the coming year, by the first half of next year (2024), there will be a remarkable improvement in the electricity supply in Nigeria,” he said on the show. Recall that former President Muhammadu Buhari in 2018 promised to expand Nigeria’s electricity capacity, which

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Sodeinde Temidayo David President Muhammadu Buhari has reaffirmed the government’s commitment to focus and continue to invest massively in food security in the country as a way to enhance agricultural productivity. This was revealed by the Nigerian leader on Thursday at the food system summit in New York, where he stated that national food security, nutrition knowledge dissemination, skills development and information management systems were paramount to his administration. The President said Nigeria had developed a food system focused development agenda that is based on healthy diets and affordable nutrition, noting that it would contribute to rebuilding the economy,

By Adedapo Adesanya Brent crude rose by 43 cents or 0.38 per cent to $114.46 per barrel on Wednesday as the Energy Information Administration (EIA) reported that crude oil inventories in the United States shed one million barrels compared with the preceding week’s draw of 3.4 million barrels. Also, the West Texas Intermediate (WTI) crude futures appreciated by 57 cents or 0.52 per cent yesterday to $110.90 per barrel as the agency disclosed that at 419.8 million barrels, crude oil inventories are 14 per cent below the five-year average for this time of the year. Crude oil prices also remained

By Dipo Olowookere Authorities of the Nigeria Police Force have confirmed that screening of candidates for the recruitment of 6,000 cops as approved by President Muhammadu Buhari recently would commenced on Monday, May 7, 2018. A statement signed on Saturday by the Force’s spokesman, Mr Jimoh Aliu, disclosed that for the first time, successful candidates, after the physical screening, will undergo a written aptitude test to be conducted by Joint Admission and Matriculation Board (JAMB) to ensure transparency and get the best out of the candidates. He said after that, medical examination for the police recruitment will be conducted for

By Dipo Olowookere The long term and short term national scale Issuer ratings of BBB(NG) and A2(NG) respectively have been assigned to Eterna by Global Credit Ratings (GCR). Eterna Plc is an integrated energy company with operations focussed on the downstream sector of the oil and gas industry. Although, Eterna has a relatively small market share for petroleum products, its significant assets across the value chain (including storage facilities and a lubes plant) positions it well to take advantage of opportunities in the industry. Eterna also leverages upon extensive technical expertise, linkages with well-established international partners, and off-take arrangements with

By Ahmed Rahma A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has absolved unique digitally savvy persons into the company to drive its digital transformation journey. The new workers officially employed after the completion of their six-week virtual classroom training in basic banking courses under the Stanbic IBTC Graduate Trainee programme. A graduation ceremony was held for them on Monday, December 7, 2020. The batch was under the stream 18, who had both theory and practical experiences. Expressing his satisfaction on successful completion of the programme, the CEO of Stanbic IBTC Holdings, Mr Demola Sogunle, congratulated the trainees and

By Dipo Olowookere The free-fall of the Naira against the Dollar in the parallel market segment of the foreign exchange (FX) market continued on Monday morning. Business Post reports that in the unofficial market window, the Nigerian Naira crumbled against the greenback in the black market today by N67 or 5.81 per cent to quote at N1,220/$1 compared with last Friday’s value of N1,153/$1. One of the FX traders on the streets of Lagos, identified as Alhaji Isa, informed this newspaper that with the way things are going, the street value of the country’s legal tender could go as low

By Dipo Olowookere The sum of N12.5 billion has been set aside by the Federal Government for the completion of the Zobe Regional Water Supply Project in Katsina State. The project had been abandoned for many years, but the administration of President Muhammadu Buhari, who is from the state, partnered with the state government to complete the project. The project was revisited as a result of the determination of the Federal Ministry of Water Resources to complete all abandoned water projects. The Zobe Water Supply Project was first awarded in 1992 and abandoned by previous governments. The project when completed

By Modupe Gbadeyanka Tech giant, Facebook, is returning as the headline sponsor of TechCrunch Startup Battlefield Africa 2018, the organisers have said. The event is taking place in Lagos and will be used to search for Sub-Saharan Africa’s best innovators, makers and technical entrepreneurs. Facebook is throwing its weight behind the programme in line with its commitment to growing Africa’s technology start-up ecosystem and its passion for developing diverse and young talents on the continent. TechCrunch Startup Battlefield Africa sees start-ups compete across three categories: social good; productivity and utility; and gaming and entertainment. It profiles the founders and entrepreneurs