Gunmen Assassinate Ex-Defence Chief Alex Badeh

By Adedapo Adesanya Nigeria has put the presidential aircraft, Falcon 900B, up for sale with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft. It was not disclosed how much the craft would be sold, according to a tweet on the official Nigerian Air Force page on X, formerly known as Twitter, where it said the aircraft was put up for sale following the federal government’s approval. “The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” NAF said in a

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Adedapo Adesanya The Naira extended its stability against the United States Dollar into a second day at the various windows of the foreign exchange (FX) market on Tuesday, December 15. During the trading session, the value of the local currency closed flat against the American currency at the major segments of the market. At the Investors and Exporters (I&E) window of the market, the domestic currency maintained its previous exchange rate against the greenback at N394/$1 despite the 3.4 per cent or $3.68 million rise in the demand for forex to $112.08 million from the previous day’s $108.40 million.

By Modupe Gbadeyanka Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has maintained that prices of food items will crash within the next two weeks, especially rice. The Minister disclosed that Nigerians would soon begin to see results of the various steps taken by the government to enhance food security in the country. Mr Ogbeh disclosed that the Ministry of Agric will supply 20 tonnes of rice seedlings to the Afe Babalola University in Ado Ekiti in the next planting season to boost rice production in the country. According to him, the President Muhammadu Buhari administration would stop importation

By Dipo Olowookere The management of Ikeja Electric, Nigeria’s largest power distribution company, has assured its customers that they would continue to enjoy more electricity. The firm said in recent times, it has spent over N150 million to carry out major rehabilitation work at Ogudu Injection Substation, in a bid to improve power supply in its network, especially across Ojota, Ogudu, Soluyi, Gbagada, Alapere, Oriola and environs. Ikeja Electric’s Head of Corporate Communications, Mr Felix Ofulue, explained that the rehabilitation became necessary as a result of frequent breakdown occasioned by obsolete equipment at the Injection Substation, which most times resulted

By Dipo Olowookere All is now set for the 2018 edition of Africa Banking & Finance Conference, which begins on Tuesday, April 10 and 11 in Lagos. The theme of the programme is ‘Sustaining the Momentum in the Financial Inclusion Agenda’ and notable figures in the industry have been pencilled down to grace the occasion. The conference is expected to trigger practical, regional and national investments in initiatives that will support the adoption of structural and policy changes to facilitate financial inclusion for all. During the conference, workable and implementable plan of action would also be initiated. Those expected to

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Monday following the pullback seen by the major averages last week. A steep drop by shares of Boeing (BA) is likely to weigh on the Dow, as the aerospace giant is plunging by more than 10 percent in pre-market trading. Boeing is under pressure following the crash of Ethiopian Airlines Flight 302, which is the second crash in five months involving the company?s 737 Max 8 model. Meanwhile, the broader Nasdaq and S&P 500 may move to the upside following the release of a report

By Dipo Olowookere The Managing Director/CEO of Nigerian Breweries Plc, Mr Jordi Borrut Bel, has tendered his resignation letter to the board of the company. Mr Borrut Bel informed the board that he would be leaving the firm effective July 30, 2021, and the reason is that he would be taking up a new responsibility, though within the Heineken Group. The board, which accepted his resignation, has chosen Mr Hans Essaadi as the new head of the organisation effective July 31, 2021. The outgoing MD/CEO joined Nigerian Breweries on January 22, 2018, and has been able to successfully lead the

By Aduragbemi Omiyale Those interested in investing in Lagos State have been assured by the Governor, Mr Babajide Sanwo-Olu, of a business-friendly environment. Mr Sanwo-Olu gave this assurance at the commissioning of the new ultra-modern Ecobank Nigeria head office, the Ecobank Pan African Centre (EPAC), in Victoria Island last week. He said the state government was determined to continue to attract foreign direct investments (FDIs) as it is one of the critical needs of the state and Nigeria at large. The Governor described the Ecobank building as a masterpiece, which he said has a strong connection that will enhance the

By Modupe Gbadeyanka The United Nation Children’s Fund (UNICEF) says it will vaccinate almost 30,000 children this week against potentially deadly measles in drought-hit Somalia. The agency said many of the children were displaced by a searing drought and would be vaccinated against measles in an emergency campaign in Baidoa, a town at the heart of one of Somalia’s hardest-hit areas. Many of the children have never been immunized before – they come from remote areas health workers often cannot reach because of a decades-old conflict that has ravaged the impoverished country in the Horn of Africa. So far this