FEC Okays N126b to Construct 12 Roads

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to rescind the ban placed on 25 media houses. Business Post understands that Aso Rock recently withdrew the accreditation of 25 journalists from covering activities at the Presidential Villa. Those affected included Vanguard Newspapers, Galaxy TV, Ben TV, MITV, ITV Abuja, PromptNews, ONTV, and Liberty, among others. In a letter signed by its Deputy Director, Mr Kolawole Oluwadare, the organisation called on the President to use his “good offices and leadership position to immediately reverse the unlawful ban from covering the Presidential Villa and restore

By Adedapo Adesanya It was a bad day for the Nigerian currency at the Investors and Exporters segment of the foreign exchange (FX) market on Tuesday. This was because the local currency depreciated against the United States Dollar at the market window by N1 or 0.24 per cent to trade at N411/$1 in contrast to N410/$1 it ended at the previous session. It was the first trading session of the week because the market closed for business on Monday to mark the Workers’ Day holiday declared by the federal government. It was feared that the Naira will come under demand

By Adedapo Adesanya The bearish trend at the NASD Over-the-Counter (OTC) Securities Exchange was halted on Thursday after a marginal growth of 0.01 per cent influenced by CitiTrust Holdings Plc. This boosted the market capitalisation by N70 million during the session to N1.006 trillion from N1.006 trillion in the previous session, while the NASD Unlisted Securities Index (NSI) grew by 0.05 points to 764.51 points from Wednesday’s 764.46 points. It was observed that the market’s newcomer, CitiTrust Holdings Plc, gained 25 kobo or 4.17 per cent to quote at N6.25 per share compared with the previous day’s N6.00 per share.

By Adeniyi Ogunfowoke Nigeria’s digital economy is currently getting the much-needed attention from government and experts because of its endless potentials to cause a radical shift in the country’s economy. These can be backed by the statement of Okechukwu Enelamah, Minister of Industry, Trade and Investment who said recently that there are indications that investments in the digital economy will generate $88 billion and create three million jobs for Nigerians before the end of 2021. From the Minister’s statement, it can be understood that the digital economy will be key to the growth of Nigeria’s economy. However, a major concern

By Modupe Gbadeyanka The 2022 Appropriation Bill submitted to the National Assembly by President Muhammadu Buhari was on Wednesday passed by the Senate. The passage followed the consideration of a report by the Appropriations Committee by its Chairman, Mr Barau Jibrin, who stated that the revenue projection for the 2022 budget was predicated on the Medium Term Expenditure Framework/Fiscal Strategy Paper approved by the parliament. It was stated that the upper chamber of the legislative arm of government passed an aggregate expenditure of N17,126,873,917,692 as budget for the 2022 fiscal year. Mr Barau recalled that the National Assembly had approved

By Dipo Olowookre Two Justices of the Supreme Court, Justices Sylvester Ngwuta and John Okoro, were apprehended by men of the Department of State Service (DSS) in the early hours of Saturday at their official residences in Abuja. The two men were said to be currently in the DSS custody in Abuja. Media aide to the Chief Justice of Nigeria (CJN), Mr Ahuraka Isah, confirmed to our correspondent the arrest of Justices Nwgwuta and Okoro. He however said the reasons for the arrest were still not known to him. He clarified that Justice Walter Onnoghen, the next in rank to

By Dipo Olowookere Shareholders of Fidelity Bank Plc will have something to savour this year as the board of the lender has proposed the payment of 35 kobo as a dividend for the 2021 financial year. The bank confirmed this in its financial statements for the year ended December 31 filed to the Nigerian Exchange (NGX) Limited. The cash reward is for investors on the company’s register of members at the close of business on May 5, 2022, and is subject to the approval of the shareholders at the Annual General Meeting (AGM). “In respect of the 2021 financial year,

By Adedapo Adesanya For the second straight trading day, the NASD Over-the-Counter (OTC) Securities Exchange closed bullish as it grew by 0.56 per cent on Thursday, December 30. This was influenced by the sterling performance of Central Securities Clearing System (CSCS) Plc during the session as its share price rose by 71 kobo or 3.8 per cent to close at N18.71 per unit compared with N18.00 per unit it finished on Wednesday. As a result of this, the NASD unlisted security index (NSI) moved up by 4.18 points to 745.57 points from 741.39 points, while the market capitalisation gained N3.54