FG Approves Fresh 203 NIN Data Capturing Centres (See List)

By Adedapo Adesanya A three-member panel of the Economic Community of West African States (ECOWAS) Court of Justice has ordered the Government of the Republic of Benin to pay Mr Sunday Adeyemo, popularly called Igboho, 20 million CFA for unlawful detention. The court ordered that the money should be paid within three months. Igboho had on February 10, applied to the court challenging his arrest and detention in the French-speaking country. The ECOWAS court also directed the country to comply with its order and revert to the court with evidence of payment. Igboho was arrested alongside his wife, Ropo, in

By Adedapo Adesanya President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE). According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference. The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101. The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27

By Modupe Gbadeyanka To achieve sustainable development in Africa, efforts must be made to have an enabling policy environment and collaboration between the government and the private sector. This was the submission of the chief executive of Airtel Africa, Mr Segun Ogunsanya, at a COP28 side event co-hosted by the telecommunications giant and the African Business Leaders Coalition (ABLC). Mr Ogunsanya, who is a member of the United Nations Global Compact’s ABLC, stressed that African business leaders and governments to join forces to advance sustainable growth, development, and prosperity across the continent. “We stress the importance of an enabling policy

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Adedapo Adesanya The Nigerian Naira further strengthened on the American Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market on Friday, August 11. Spurred by a strong supply, the local currency chalked up N40.72 or 5.2 per cent to close at N740.60/$1 compared with Thursday’s closing price of N781.34/$1. Business Post observed that during the trading session, participants bid the Naira to the Dollar as high as N799.90/$1 and as low as N738.00/$1, amid a 180 per cent or $105.81 million increase in the value of forex transactions to $164.60 million from the $58.79

By Felicia Okoh In Nigeria at the moment, there’s a word, or more appropriately buzzword that resonates everywhere: It is a word that even children in nursery school may be familiar with given every usual reference to it at the slightest opportunity. Indeed, there is hardly any news item from Nigeria these days that does not make mention of it. CORRUPTION! If it is not about how Muhammadu Buhari’s administration is prosecuting some corrupt people by charging them to court, it is about monies the government is seemingly recovering or has traced and recovered as was observed with the N13

By Adedapo Adesanya The shares of the newly listed Nigerian Exchange (NGX) Group Plc on the trading floor of the NASD Over-the-Counter (OTC) Securities Exchange are getting brutally baterred. On Monday, the value of the stock further decreased by 9.81 per cent or N2.16, causing it to close at N19.87 per unit compared with N22.03 per unit it ended last Friday. The shares were admitted at the unlisted securities market last Tuesday at N25.00 per unit and the next day, the equity price rose by 2.36 per cent or 59 kobo to trade at N25.59 per unit. Yesterday, NGX Group

By Dipo Olowookere Industrial goods stocks extended the stay of bears on Customs Street, Lagos to fourth straight days, inflicting a 0.27 percent deep cut on the market on Thursday. This reduced the year-to-date gain of the Nigerian Stock Exchange (NSE) to 8.12 percent at the close of transactions yesterday. The local bourse is yet to record a positive performance this week. The industrial goods index was the biggest loser at the market, going down 2.11 percent, while the oil/gas sector followed with a loss of 0.50 percent, with the consumer goods depreciating by 0.04 percent. However, the banking index

By Adedapo Adesanya The Nigerian Shippers Council (NSC) has charged the Port & Cargo Handling Services (P&CHS) Limited to fast track its port automation processes in order to have seamless cargo evacuation at the terminal. Speaking when the management of the NSC paid a courtesy visit to the P&CHS, Executive Secretary of the NSC, Mr Hassan Bello, said the company has to improve its operations in terms of efficiency, as it takes a cargo about four months to exit the terminal via barges based on the reports received by NSC. According to him, P&CHS scored 25 per cent out of

By Dipo Olowookere The role of Dangote Group in the President Muhammadu Buhari administration’s plan for economic recovery and growth has been applauded. Speaking while declaring the Kaduna International Trade Fair open at the weekend, the President urged the private sector operators to join hand in bolstering nation’s economy. He described them as key to modern economic growth and development, pointing out that government was desirous of providing the enabling environment for investments to thrive. Mr Buhari, who was represented by the Minister of Industry, Trade and Investment, Mr Ekechukwu Enelama, commended the role of the Dangote Group and private

By Dipo Olowookere Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has disclosed that more than N17 billion has been recovered since the Federal Government introduced the whistle blower policy. Mr Magu revealed this information on Saturday during the 2017 Association of National Accountants of Nigeria (ANAN) Week/Award Day at the FCT Archive Building, Abuja. “Apart from several other recoveries running into several billions of naira, the recent whistle blower policy, has led to the recovery by EFCC of N521,815,000, $53,272,747, £122,890, and €547,730,” the EFCC boss said. Business Post used the present CBN official

By Adedapo Adesanya The Senate was thrown into a rowdy session on Wednesday when lawmakers began a debate on the motion on the Naira redesign policy of the Central Bank of Nigeria (CBN). The motion, moved by the Chairman of the Senate Committee on Banking, Insurance, and other Financial Institutions, Mr Uba Sani, urged the Senate to provide legislative support for the policy. He also wants the red chamber to mandate his committee to embark on aggressive oversight on the matter. Mr Sani also urged the Senate to support the CBN design policy, including the January 31 deadline for compliance.