Ex-Niger Delta Agitators Beg Okowa to Stop Warri Killings

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

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 Modupe Gbadeyanka The Ondo State Commissioner for Information and Orientation, Mrs Bamidele Ademola-Olateju, has refuted reports that Governor Rotimi Akeredolu has died. In a statement on Saturday, the Commissioner described the news as fake, though confirming that Mr Akeredolu was truly indisposed. She said despite the Governor’s state of health, he has been discharging his constitutional duties and has also been delegating some of his functions to others who are competent to discharge them. She advised members of the public, particularly citizens of the southwest state, to disregard the rumours of the Governor’s death. “We have been inundated with

By Modupe Gbadeyanka The Orthopedic Training Center (OTC) in Nsawam, Ghana destroyed by a strong storm in April 2020 has been renovated by Geodrill. The leading exploration drilling company established in Ghana roofed the healthcare facility to put smile on the faces of Cerebral Palsy patients at the centre. In April, a strong storm had caused a large palm tree to fall on the roof, crushing it. Since then, efforts had been made to get the facility working again. Sister Elizabeth Newman, Director for the non-profit organization that helps handicapped in Ghana, mainly children, to gain independent and productive lives,

By Cowry Asset In our assessment, relative to the banking industry, Zenith Bank Plc recorded average performance for 9 months to September 2017. Taking into consideration relevant ratios, we arrived at a ‘Bb’ rating. Given its performance, plus an upside of 15.62% to its target price of N28.92, we recommend a BUY on its shares. Profitability Beats Industry Average despite Rising Costs, Higher Leverage Zenith Bank Plc based on its 9M 2017 improved ROE and ROA to 17.72 percent and 2.64 percent respectively from 9M 2016 levels (beating industry averages of 9.15 percent and 1.27 percent). Increased profitability was driven

By Modupe Gbadeyanka Stock market in Nigeria reversed Tuesday’s loss to finish bullish today with the major indices appreciating at the close of trading, Business Post reports. The all-share index improved by 22.91 points or 0.09 percent to end at 26,240.45  points, while the market capitalisation advanced by N7.9 billion to close at N9.03 trillion. Twenty-one equities appreciated at the market on Wednesday compared with the 16 stocks that recorded losses. Also, the volume of shares exchanged on the floor of the NSE finished slightly higher than what was achieved yesterday. While investors traded 190 million shares today at N2.4

By Modupe Gbadeyanka Mr Sani Dangote, the younger brother to Mr Aliko Dangote, has died in a hospital in the United States after a protracted illness. The deceased was said to have breathed his last on Sunday in Uncle Sam’s country. Before his demise, he was the vice president of Dangote Group and owner of Dansa Agro-allied Limited, a leading company in the agricultural sector in Nigeria. The late Sani Dangote was once the Consul-General of the Romanian Embassy in Nigeria and was a member of several Chambers of Commerce, and a Fellow of the Chartered Institute of Shipping of

Amidst the evolving strategies and initiatives to halt the spread of coronavirus pandemic around the globe, shifting consumer behaviour to online trade channels and digital platforms can provide the needed incentive to keep people safe and by extension promote the growth of Nigeria’s e-commerce industry. Keeping safe and staying alive is everyone’s most cherished watchword at this time. The coronavirus (COVID-19) pandemic in many of the countries including Nigeria is not abating despite concerted steps by governments, private sector players, multilateral organisations and other stakeholders to halt the rate of transmission. In the face of the escalation of the pandemic,

By Dipo Olowookere Ceskaa Market Research has announced the addition of the Supercapacitor Market: 2015-2020 report to their offering. The global market for supercapacitor has been growing for the past five-years, driven by various application industries, such as electrical and electronics sector, automotive, renewable energy applications and smart grid applications. The Asia-Pacific region dominates the supercapacitor market followed by North America and Europe. AVX Corp., Axion Power International, Inc., Beijing HCC Energy Tech. Co., Ltd., CAP-XX, Elna Co. Ltd., Elton, Graphene Laboratories Inc., Jianghai Capacitor Co., Ltd, Jiangsu Shuangdeng Group Co., Ltd., Jinzhou Kaimei Power Co., Ltd, Kemet, LS Mtron,

By Dipo Olowookere The menace of food insecurity currently prevailing Nigeria may soon become part of history as Heritage Bank Plc has disclosed that it is supporting NatnudO Foods, a food processing company in its determination to make poultry affordable and accessible for the people. Speaking at the media briefing organized on food security in Nigeria, Team Member, Agric Finance, Specialised Banking of the bank, Mr Adelana Ogunjirin, a representative of Heritage Bank, said the bank decided to partner with the company in order to ease the burden of poultry production in the country. He explained at the briefing held