FG Refuses to Divulge Details of Nnamdi Kanu’s Arrest

By Adedapo Adesanya Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ) following the signing of a fresh arrangement. The agreement was signed in the presence of the Managing Director of Tata International Limited, Mr Anand Sen, by the Managing Director of Tata Africa Holdings Pty Ltd, Mr Len Brand. This move will help Tata International build on its existing relationship in the country since 2006 when it established operations in Nigeria. “As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to

By Adedapo Adesanya The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), has said that Nigeria must use technologies to tackle illicit financial flows which pose a serious threat to the country which is facing rising cases of money laundering and terrorism He called on member states of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) to deploy modern technologies to combat illicit financial flows in the sub-region during his speech at the 2023 summit for Compliance Officers themed Intersection of Technology and anti-money laundering; combating of financing of terrorism and proliferation on

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

By Modupe Gbadeyanka The local currency on Monday mainly traded flat against major currencies at the parallel segment of the foreign exchange (forex) market in Nigeria. For example, the Naira was sold at the black market at N362 to a Dollar, the same amount it went for last Friday. In addition, the currency was exchanged at N490 to a Pound Sterling at the same segment of the market. This was the same price it was exchanged in the previous session. However, the Nigerian Naira suffered a 0.24 percent loss yesterday against the Euro, trading at N424 against N423 it traded

By Dipo Olowookere Head of the Nigerian Communications Commission (NCC), Mr Umar Garba Danbatta, has disclosed that the agency has approved dedicated spectrum for trial deployment of Fifth Generation (5G) services in the country. The NCC chief made this disclosure at the maiden Digital African Week organised by the International Telecommunications Union (ITU) being hosted by the Commission at the Transcorp Hilton Hotel, Abuja. The four-day conference, which began on Tuesday in conjunction with the Management of ITU-T Study Group 20 (SG20) and Study Group 5 (SG5) Regional Group for Africa Meeting, will allow all stakeholders in the emerging digital

By Modupe Gbadeyanka Nigeria has been advised to consider adopting a unified and market-based exchange rate system so as to help reduce macroeconomic vulnerabilities and create an environment for a diversified private-sector led economy. This suggestion was made by the Senior Resident Representative and Mission Chief for Nigeria at the International Monetary Fund (IMF), Mr Amine Mati, after the conclusion of a visit to Nigeria on Monday. Mr Mati, who led the IMF team to Nigeria from July 20-31, 2017, noted that, “The economic backdrop remains challenging, despite some signs of relief in the first half of 2017.” “Economic activity

A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has partnered with Junior Achievement of Nigeria (JAN) to host the inaugural MoneyBee competition aimed at promoting financial literacy among secondary school pupils and in commemoration of this year Children’s Day celebration. Chief Executive of Stanbic IBTC Bank Plc, Dr Demola Sogunle, urged Nigerian students to acquire financial literacy skills as this would lead to their financial freedom early in life and equip for the future. He insisted that the imperativeness of financial literacy among students cannot be over emphasized. Mr Sogunle urged the students to “make sure that you

By Modupe Gbadeyanka Owners of small businesses in Niger State have been supported with N1 billion funding package to help them grow bigger. Commissioner for Information and Strategy in the state, Mr Danjuma Sallau, explained that the fund was mainly to cushion the effect of economic situation in the Niger State. He enjoined beneficiaries to judiciously make use of the money to grow their businesses, which he said should improve economy of the state. Mr Sallau, during a reception organized in his honour by the Association of Small Scale Businesses Operators in Minna, the state capital, said the role of

By Adedapo Adesanya The Organised Private Sector (OPS) has said the perennial gridlock in the Apapa area of Lagos State was making federal government of Nigeria lose not less than N6 trillion annually across all sectors of the economy. Second Vice President of the Nigeria Employers’ Consultative Association (NECA), Mr Mauricio Alarcon, made this disclosure yesterday when the organisation paid a courtesy visit to President Muhammadu Buhari at the State House in Abuja. Mr Alarcon noted that operational hitches being experienced at the port has persisted, even a year after the Presidential Executive Order aimed to promote transparency and efficiency.

A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has been recognized for its robust and exceptional human resource practices, reaffirming its status as a leading employer brand at the HR People Magazine Awards 2019 Awards held recently in Lagos. Stanbic IBTC won the Best Training, Learning & Development Strategy 2018 and the Outstanding Employee Engagement Strategy 2018 Awards. This makes it the third consecutive year the organisation will be adjudged best among peers for outstanding employee engagement strategy, having received the award back-to-back for 2016, 2017 and most recently 2018. These awards come on the back of winning

By Adedapo Adesanya The federal government has disclosed its plans to build 34,500 houses across the country in a move aimed at addressing the housing shortage in the country. The Minister of Housing and Urban Development, Mr Ahmed Musa Dangiwa, stated this when the Governor of Taraba State, Mr Agbu Kefas, paid a courtesy visit to the Ministry, in Abuja. Mr Dangiwa mentioned that the first phase of the Renewed Hope Cities Project would be carried out via a combination of the Federal Mortgage Bank, Federal Housing Authority, and Private-Public Partnerships (PPP). “With this project alone, we aim to create