Falana, Ogunleye, Others for ICTEL Expo 2019

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

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 Adedapo Adesanya The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the regulatory framework for energy transition, decarbonisation, and carbon monetization for upstream operations in Nigeria. The Commission Chief Executive, Mr Gbenga Komolafe, unveiled the regulatory framework at COP28 in Dubai, the United Arab Emirates (UAE) themed Driving Sustainable Upstream Operations to Achieve Just and Equitable Energy Transition.  Mr Komolafe noted that the regulatory framework has Natural Gas shift, zero routine gas flaring and methane abatement, carbon market development, and upstream operations efficiency as its key pillars. Others include technology and innovation, incentive mechanisms, collaboration, and risk management. According

By Modupe Gbadeyanka A WooCommerce plugin that will allow thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores has been released by Kwik Delivery. The last-mile delivery platform said in a statement that by installing this plugin in a few minutes, large and small online stores can offer Kwik Delivery’s on-demand, just-in-time delivery service to all their customers. Kwik Delivery, established in 2019, is an on-demand, last-mile delivery platform that connects African businesses to independent delivery riders, dubbed Kwiksters. The Kwik platform, which delivers within two hours in Lagos State, is currently open

By Dipo Olowookere The Nigerian Exchange (NGX) Limited was very busy last week as investors took advantage of the recent rise in the prices of stocks to book profit, resulting in higher market activity. In the week, investors transacted 3.021 billion shares worth N31.784 billion in 29,153 deals compared with the 1.816 billion shares worth N27.194 billion transacted in 36,286 deals in the preceding week. According to data from the bourse, FCMB Jaiz Bank and Transcorp accounted for 1.698 billion units worth N4.095 billion in 2,188 deals, contributing 56.21 per cent and 12.88 per cent to the total trading volume

By Dipo Olowookere Serial entrepreneur and founder of a leading digital outdoor advertising company, Loatsadpromomedia, Mr Seyi Tinubu, has launched his new CSR initiative aimed at providing seed funding and mentorship to some of Nigeria’s brightest tech entrepreneurs. The initiative, Seyi Tinubu Empowerment Project (STEP), seeks to provide peer-to-peer mentorship as well as seed funding of up to N5 million to young tech entrepreneurs who have credible businesses that will solve real life issues in Nigeria and add value to the economy. STEP came up under the umbrella of Noella Foundation, a non-profit focused on providing skills development and training,

By Modupe Gbadeyanka The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is set to begin a three-day nationwide warning strike today. Leaders of the body directed its members across the country to observe the industrial action, though the Federal Government has been working to avert this so as not to plunge the sector into another crisis. But the oil and gas union is taking this step because of the disputes it has with International Oil Companies (IOCs) over the alleged indiscriminate sack of workers without benefits and refusal to allow their workers to join union. NUPENG is aggrieved

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended its bad start to the new month on Tuesday with a loss of 1.73 per cent. This decline was propelled by the trio of Niger Delta Exploration and Production (NDEP) Plc, FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc. The NASD Unlisted Security Index (NSI) depreciated by 12.26 points to a new-year low of 696.13 points from 708.39 points its closed on Monday. Also, the market capitalisation depreciated by N8.78 billion to close at N499.48 billion compared to N508.26 billion it settled the preceding session. Business Post

By Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has announced the suspension of charges on bank deposits by customers. In a briefing on Wednesday in Abuja, the Governor of the CBN, Mr Godwin Emefiele, disclosed that this affects cash and electronic deposits of the Naira to the tune of N150,000. Before now, customers are charged a stamp duty of N50 for bank deposits, a 7.5 per cent VAT and a commission for the transaction. This has made customers groan, especially in the face of the harsh economic environment in the country. The apex bank had reintroduced bank charges on

Leading end-to-end financial solutions provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @ease wallet. The Paycode feature has been introduced to give customers the opportunity to withdraw cash from their wallet on an ATM or from an agent at any location nationwide without using a debit or credit card. Customers can open a Stanbic IBTC @ease wallet using the last 10 digits of their phone number through the Unstructured Supplementary Service Data (USSD) application – *909#. The wallet can also be opened via the Stanbic IBTC

By Dipo Olowookere The sum of $4 million will be distributed to 60 startups established by Africans in the second edition of the Google for Startup Black Founders Fund for Africa. In the maiden edition, the tech giant shared $3 million to 50 eligible black-founded startups across Africa as part of efforts to support innovation in underserved areas. This year, eligible entrepreneurs will receive between $50,000 and $100,000 non-dilutive cash awards and up to $200,000 per startup in Google Cloud credits, support in the form of training, and access to a network of mentors to assist in tackling the challenges