IDPs: NAF Establishes Hospital In Bama

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 Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Adedapo Adesanya Four companies spurred the NASD Over-the-Counter (OTC) Securities Exchange into positive territory in the 24th week of trading in 2023. 11 Plc, Central Securities Clearing System (CSCS) Plc, Geo-Fluids Plc, and Industrial and General Insurance (IGI) Plc increased the value of the NASD OTX exchange by 1.04 per cent in the four-day trading week. Consequently, investors’ portfolios rose N10 billion to move the market capitalisation of the bourse to N1.024 trillion from the N1.014 billion it closed in the preceding week, amid fresh confidence in the nation’s capital market following recent market-welcoming policies, including the floating of

By Dipo Olowookere Trading indices of the Nigerian Exchange (NGX) Limited closed positive on Thursday as they nudged higher by 0.05 per cent at the close of transactions. It was observed that investors showed interest in the Nigerian stock market during the session, though the level of activity waned, according to data obtained by Business Post. A total of 132.6 million shares worth N3.1 billion exchanged hands in 2,999 deals yesterday compared with the 411.2 million shares worth N6.4 billion transacted in 2,992 deals in the midweek session. This showed that the volume of trades went down by 67.75 per

By Adedapo Adesanya World food prices have fallen for the 12th month in a row, now down 20 per cent from a one-year peak in March, according to the latest data from the Food and Agriculture Organisation (FAO). The FAO Food Price Index (FFPI) averaged 126.9 points in March 2023, down 2.8 points (2.1 per cent) from February. During the past 12 months since March 2022, the index has fallen by as much as 32.8 points (20.5 per cent). The decline in the index in March was led by drops in the cereal, vegetable oil and dairy price indices, while

By Adedapo Adesanya The Lagos State Government has announced that the first phase of the Blue Rail Line will commence operations on Monday, September 4. The Managing Director of the Lagos Metropolitan Area Transport Authority (LAMATA), Mrs Abimbola Akinajo, made this known at the Marina Train Station on Wednesday. Mrs Akinajo also noted that the first train ride would kick off by 9 am with Governor Babajide Sanwo-Olu on board, along with other passengers, from Marina to Mile 2 Train Station. Mrs Akinajo explained that for the first four weeks, the rain will run only 12 trips with the locomotive

By Dipo Olowookere The turnaround initiatives of Lafarge Africa Plc may have come to stay going by the first quarter financial results of the company released last Friday. The firm, which after offloading its South African arm last year started to get fresh air, said in the first three months of 2020, recorded a 153.1 percent growth in profit after tax. In the period under review, the cement giant printed a net profit of N8.1 billion compared with the N3.2 billion achieved in the corresponding period of 2019. It also posted a profit before tax of N9.4 billion in the

By Adedapo Adesanya The Nigeria Employers’ Consultative Association (NECA) has said that the proposed nationwide strike action by organised labour in the country from August 2 will be counterproductive as the nation is currently experiencing several changes. NECA’s Director-General, Mr Adewale-Smatt Oyerinde, said in a statement that in view of the proposed protest by the Nigeria Labour Congress, there was an urgent need to protect the objectives of sustainable enterprise, decent work and national development. He said the call for “strike and mass action by any social partner at this difficult time, in furtherance of the achievement of its objectives,

By Adedapo Adesanya Nigerians will have to brace up to pay more for basic food items in the coming months as the United Nations warned that global food prices could increase by more than 20 per cent because of the war in Ukraine. With food and feed prices already at a high, the UN’s food agency – Food and Agriculture Organisation (FAO) said they could increase by a further 8-22 per cent. Ukraine and Russia are responsible for around 30 per cent of global wheat production and are also important sources of barley and maize. In its latest food price

By Dipo Olowookere The listing of MTN Nigeria Communications Plc shares on the Nigerian Stock Exchange (NSE) is presently under the investigation of the Economic and Financial Crimes Commission (EFCC). Business Post gathered that operatives of the agency were yesterday at the head office of the telecommunications office located in the Falomo area of Lagos State to ask some questions pertaining the process, which has raised eyebrows lately. MTN Nigeria listed its shares on the nation’s bourse last Thursday, but the stocks have not been readily available to retail investors, spurring insinuations that the holders were hoarding the priced asset