Ex-Osun Governor, Senator Isiaka Adeleke, is Dead

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

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 Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Adedapo Adesanya The Chairman of the House of Representatives Committee on National Planning and Economic Affairs, Mr Isiaka Ibrahim, has said the National Bureau of Statistics (NBS) must be insulated from political interference to perform more effectively. Mr Ibrahim said this at a Public Lecture to mark the 2023 African Statistics Day celebration in Abuja on Wednesday themed Modernising Data Ecosystems to Accelerate the Implementation of the AfCFTA: The Role of Official Statistics and Big Data in the Economic Transformation and Sustainable Development of Africa. He said the reliability of data from the stats office would be questioned if

By Modupe Gbadeyanka A trading surplus of N20.36 billion (approximately N20.4 billion) has been declared by the Nigerian National Petroleum Corporation (NNPC) in July. A statement issued in Abuja on Thursday by the Group General Manager, Group Public Affairs Division of the NNPC, Mr Kennie Obateru, explained that the surplus was 858 per cent higher than the N2.12 billion recorded in June 2020. The increase, according to the state-owned oil agency, was driven by the 178 per cent rise in the surplus posted by the Nigerian Petroleum Development Company (NPDC), NNPC’s flagship upstream entity. This NPDC performance was as a

By Dipo Olowookere The remains of some missing soldiers have been found in the forest by troops of the Operation LAFIYA DOLE. It was gathered that the troops recovered corpses of one officer and 15 soldiers earlier declared Missing in Action during their dislodgment from GASHIGAR on October 16, 2016. The corpses were recovered along Kamadugou River line. Among the recovered corpses was that of Lt Col K Yusuf, the former Commanding Officer of 223 Tank Battalion. They have since been buried in Maimalari Cantonment Cemetery with full military honours. However, the Major General Leo Irabor-led Operation LAFIYA DOLE has

By Modupe Gbadeyanka/FSDH Research The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has entered its day two, which is the last day and after the meeting, the CBN Governor, Mr Godwin Emefiele, is expected to address the media on outcome of their deliberations. But ahead of that, FSDH Research has disclosed that it expects the committee to hold the rates at the current levels of 14 percent. In the past, there have been calls for reduction in the rates, including from the Minister of Finance, Mrs Kemi Adeosun and the Manufacturers Association of Nigeria (NAN), but

By Adedapo Adesanya VFD Group Plc will list its shares on the Nigerian Exchange (NGX) in the days ahead after receiving the approval on Tuesday. The listing of the securities of the proprietary investment company on the bourse will help it gain more visibility and prestige. This is because it would be on Africa’s second-largest stock exchange, giving it an avenue to tap capital from the investing public through public offer or private placement. The move, which started at its annual general meeting on May 25, is set to actualise four months later. The firm is on course to raise

By Dipo Olowookere One of the leading telecommunication service providers in the country, Airtel Nigeria, has unveiled its Home Broadband Service in line with its commitment to deepen internet connectivity as well as empower telecoms consumers to share data with a number of people without worrying about cost and other limitations. The new Airtel Home Broadband delivers superfast broadband service via data terminals such as dongle, MiFi and routers as it comes in various packages and affordable price range to suit the lifestyles of different customer segments. Customers can get unlimited data on packages such as Unlimited 10, Unlimited 15

By Modupe Gbadeyanka Nigeria has ratified the Trade Facilitation Agreement (TFA), making it the 107th World Trade Organisation (WTO) member to do so. Only three more ratifications from members are needed to achieve the two-third threshold that will bring the TFA into force. Nigeria’s instrument of acceptance was submitted to the WTO on Friday by the Minister for Industry, Trade and Investment Dr Okechukwu Enelamah. Mr Enelamah met with WTO Director-General, Mr Roberto Azevêdo, on the margins of the World Economic Forum in Davos, Switzerland, to mark the deposit. “Nigeria’s ratification of the Trade Facilitation Agreement is a reflection of

By Adedapo Adesanya The federal government through the Federal Competition and Consumers Protection Commission (FCCPC) has directed payment systems operators (PSOs) and telecommunication companies, including Mobile Network Operators (MNOs) in Nigeria to stop providing support that enables the operations of illegal money lenders in Nigeria. This was disclosed by the Executive Vice Chairman/Chief Executive Officer, FCCPC, Mr Babatunde Irukera, in Lagos, when the commission conducted enforcement actions against a loan shark known as Soko Lending Limited. He added that FCCPC has secured orders to disable or diminish violators’ ability to circumvent regulatory efforts to protect citizens. He also announced that

By Aduragbemi Omiyale Three new products aimed to provide the much-needed access to financing window to micro, small and medium scale enterprises (MSMEs) in Nigeria through participating financial institutions (PFIs) have been introduced by the Development Bank of Nigeria (DBN). The merchandises launched by the federal government’s development banking institution are the DBN finance to finance (F2F) product, the DBN non-interest banking product and the DBN long-term product. All these products are meant to cover all aspects of the MSMEs sector irrespective of location, industry or business cycle. They are, however, meant for those MSMEs with less than 250 employees,