First EDGE Certified Commercial Building Inaugurated in Accra

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Aduragbemi Omiyale The sum of N802.4 billion has been disbursed to the three tiers of government; the federal, states and local government councils of the federation for July 2022. The money was shared by the Federation Account Allocation Committee (FAAC) from the revenue generated by the country last month. It was disclosed via a communiqué issued on Tuesday in Abuja that distributable statutory revenue of N608.6 billion and distributable Value Added Tax (VAT) revenue of N193.8 billion made up the N802.4 billion shared by FAAC. From the amount shared, the federal government took N321.9 billion, the state governments got

By Aduragbemi Omiyale The federal government has asked Justice Zainab Abubakar of the Federal High Court in Abuja to issue a criminal summons on an alleged Ponzi scheme operator, Mr Michael Ukiye Diongoli, and his two companies, UK Dion Group and UK Dion Investment Limited, all of 21 Buhari Street, Peace Court Estate, Lokogoma, Abuja. The prosecuting team filed this application on Tuesday following the failure of the defendants to appear before the court. They were accused of defrauding unsuspecting investors of their funds to the tune of N3.6 billion. At the court, a representative of the Office of the

By Dipo Olowookere Managing Director/Chief Executive Officer of MRS Oil Nigeria Plc, Mr Andrew Gbodume, has resigned from the company with immediate effect. The firm said in a statement today that the board of MRS Oil Nigeria, by a written resolution dated January 7, 2019, reviewed and approved the resignation Mr Gbodume. No reason for given by the company for the abrupt exit of its chief executive. In the statement, it was disclosed that the board, as a result of the vacuum left by the exit of Mr Gbodume, has approved the immediate appointment of Mrs Priscilla Thorpe-Apezteguia as Director

By Adedapo Adesanya The Nigerian Electricity Regulatory Commission (NERC) has unveiled a charter aimed at improving services in the power sector for the benefit of the power-consuming public, including reducing the time it takes to install prepaid meters to 10 days. The unveiling of the charter, in collaboration with Service Compact, SERVICOM, took place recently in Abuja and is expected to promote and ensure an investor-friendly industry and efficient market structure to meet the need of Nigerians for safe, adequate, reliable and affordable electricity. Under the charter, NERC ordered electricity distribution companies (Discos) operating in the country to improve their

By Modupe Gbadeyanka The Governing Council of Bayero University, Kano State, has promoted the Secretary to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Mr Musa Usman Abubakar, to the rank of Professor of Law. It was gathered the promotion, announced during the 183rd meeting of the institution’s Governing Council, is with effect from October 1, 2019. Mr Abubakar, a Barrister, Solicitor of the Supreme Court of Nigeria and British Chevening Alumnus, is a brilliant legal practitioner, who his reputed for his academic qualities and dedication to work. He  obtained Legum Baccalaureus (LL.B) from Usmanu Danfodio University Sokoto,

Leading Nigerian financial institution, First City Monument Bank (FCMB), has issued an official statement to address the video making rounds about a customer who collapsed at its Onipan branch in Lagos State. “Our attention has been drawn to a video making the rounds which shows a customer collapsing at our branch located at 178, Ikorodu Road, Onipan, Lagos State. We wish to clarify that: At around 11am on Monday, May 04, 2020 a middle-aged man visited the branch to carry out a transaction on the ATM. In line with our COVID-19 health and safety measures, his temperature was taken and

Wale Yusuff, the Managing Director of Wärtsilä in Nigeria, explains how businesses operating in energy-intensive industries like cement or steel are investing in flexible engine technologies to secure reliable and efficient power while also setting the perfect stage to make good on their decarbonisation objectives. Nigeria is a major industrial hub. It is home to energy-intensive manufacturing businesses whose operations, and growth potential, are constrained by the weakness of the country’s electricity supply. To mitigate this, industrial companies have been building their own power generation capabilities, but the result has often been the reliance on expensive and polluting diesel generators.