FG Insists Dialogue Will Solve Niger Delta Crisis

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has revealed that a fire outbreak at the Kainji/Jebba line caused the national grid collapse that has resulted in the general power outage experienced all over the country. In a statement shared on X, formerly known as Twitter, he said the outbreak has been taken care of and called for calm as the issue is resolved. He wrote, “At 00:35Hrs this morning, a fire outbreak with an explosion sound was observed on Kainji/Jebba 330kV line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330kV line1

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Modupe Gbadeyanka The verification of former employees of defunct Nigeria Airways Limited commenced on Monday, October 15, 2018. The exercise is taking place simultaneously in three centres in Lagos, Kano and Enugu and will conclude on Monday, October 22, 2018. Information available at the disposal of Business Post indicated that after the verification, the payment would proceed. Pictures showed that the former workers are in high spirits as they finally begin the process of receiving their entitlements.

By Dipo Olowookere A $45 million lawsuit has been filed against Diamond Bank by an indigenous aviation Firm, Topbrass Aviation Limited. The suit, marked FHC/L/CS/1488/2017, was filed before a Federal High Court sitting in Lagos and the plaintiff is accusing the lender of breach of contract. Topbrass Aviation Limited wants the court to order Diamond Bank to pay $19,250 million as special damages for revenue or income it lost from December 2014 to the date of filling the suit due to alleged unethical practices by Diamond Bank. The firm is also seeking an order of the court to compel Diamond

By Okechukwu Keshi Ukegbu Governor Okezie Ikpeazu of Abia State has rewarded two National Youth Service Corps (NYSC) members serving in the state with N500,000. The corps members, Babatunde Dolapo Dayo and Sebe Godspower Oghenemaroh, fabricated and donated hands-free washing machines for sanitising and washing hands in solidarity to the state’s efforts to contain the Coronavirus pandemic. According to the Governor, the state will also purchase the machines at large quantity and be placed at strategic locations for public use. Mr Ikpeazu also directed the corps members to mass produce the machines for deployment to schools in the state. It

By Adedapo Adesanya The International Air Transport Association (IATA) has said that foreign airlines’ blocked funds in Nigeria have risen to over $743.7 million. In a letter dated March 14, 2023, and signed by the Area Manager for West and Central Africa, Dr Samson Fatokun, it was disclosed that the blocked funds rose from $549 million in December 2022 and $662 million in January to $743.7 million. IATA noted that for over a year, Nigeria had been the country with the highest amount of airlines’ blocked funds in the world. According to the association, the increasing backlog of international airlines’

By Adedapo Adesanya The federal government has explained why the Ibadan to Kano rail line project was yet to be done despite being approved for construction one year ago. The Minister of Transportation, Mr Rotimi Amaechi, while speaking on NTA Weekend Deal Programme in Abuja on Saturday, disclosed that China was yet to make available to Nigeria the $5.3 billion to be used to finance the project. He said the bilateral construction agreement between the Nigerian and Chinese governments through the China Civil Engineering Construction Corporation (CCECC) Limited was yet to commence because the funds had not yet come in.

By Modupe Gbadeyanka Nigerians were assured on Thursday by President Muhammadu Buhari that the federal government will not inflict additional hardship on them, rather it will keep seeking ways to ameliorate their sufferings and create a more enabling environment for everyone to thrive. This assurance was given when President Buhari met with the new executive of Trade Union Congress led by its President, Comrade Quadri Olaleye, at the State House. Mr Buhari informed the labour leaders that his administration was committed to the implementation of the national minimum wage, pointing out that the inaugural Federal Executive Council meeting held on

By Aduragbemi Omiyale A passenger train on Thursday collided with a BRT bus at the PWD junction in the Ikeja area of Lagos State. It was gathered that the bus was conveying some passengers when the unfortunate incident happened. The accident has caused apprehension as there are reports that some people died from the collision, while several persons are believed to have sustained injuries. According to reports, the train was coming from Agege and met a BRT vehicle with the Lagos state government workers on board crossing the rail to link Ikeja GRA. It was reported that the train derailed

By Adedapo Adesanya Oil prices extended gains on Thursday, rising to their highest since last February on the back Saudi Arabia big voluntary production cut and crude inventories decline in the United States. During the trading session, the Brent crude gained 22 cents or 0.41 per cent to sell at $54.52 per barrel, while the US West Texas Intermediate (WTI) rose by 20 cents or 0.4 per cent to trade at $50.82 per barrel. Both contracts had jumped by almost more than 5 per cent this week on the string of bullish news. US crude stocks fell sharply while fuel