Ikpeazu Rewards Corps Members for Donating Hand Washing Machines

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has written to the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds which may include loans obtained from the institution. In the letter dated November 25, 2023, the group specifically wants the bank’s President, Mr Ajay Banga, “to promptly, transparently and effectively conduct an investigation into the spending of loans and other facilities by the country’s 36 state governors and to suspend any loans and funding if there is relevant admissible evidence of mismanagement or diversion of public funds by any of

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 Dipo Olowookere Efforts by the Federal Government to increase the tax base of Nigeria seem to have yielded the needed results. This is because the nation’s taxpayer base has now risen to 17 million from about 13 million it was in 2015. This information was revealed by the Minister of Finance, Mrs Kemi Adeosun, at a briefing with the media in the United States. Mrs Adeosun addressing the media alongside Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele. Both key officials of the administration of President Muhammadu Buhari were at the just-concluded 2018 International Monetary Fund

By Dipo Olowookere All seems not to be well with Nigerian stocks at the moment as investors are looking forward to that positive news item that could trigger the return of the bulls. In the past days, the market has struggled for survival as the bears have become more brutal and unforgiving. On Friday, the Nigerian Stock Exchange (NSE) further lost 0.08 per cent, deepening the year-to-date loss to 2.33 per cent at the close of trading activities for the week. Business Post observed that the gains printed by insurance (0.78 per cent) and industrial goods (0.55 per cent) sectors

By Investors Hub Asian stocks rebounded on Friday after recent heavy losses, as investors cheered media reports suggesting that the U.S. Treasury Department has not labeled China as a currency manipulator in an internal report. Sentiment was also bolstered after data showed Chinese exports have held up well so far despite escalating trade tensions with the U.S. Chinese exports logged double-digit growth in September, figures from customs administration revealed. Exports grew 14.5 percent year-on-year in September, faster than the 9.8 percent increase seen in August. Imports advanced an annual 14.3 percent, resulting in higher trade surplus around $32 billion in

By Adedapo Adesanya Last week, the Brent Crude traded up to $64 per barrel as oil prices saw gains circulate high as the US-China trade deal brought fresh optimism during the week, especially after China’s invitation to negotiators from its trade rival, the United States. However, towards the end of the week, oil prices were dealt a huge blow as prices tumbled on profit-taking after hitting a two-month high as concerns about U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. On the trade talk front, Chinese President Xi Jinping on Friday said the country was willing

By Dipo Olowookere Executive Director of SystemSpecs, Mr ‘Deremi Atanda, has disclosed that the IT company would release the mobile version of its flagship Remita e-payment application before the end of 2016. Mr Atanda, speaking at the on-going GITEX in Dubai, said when the mobile app is launched, millions of Nigerians would be able to make payments from any of their commercial or micro-finance bank accounts or through any debit or credit card to thousands of merchants and billers in Nigeria. “Remita mobile app will enable any individual or organisation sees in real-time the balance in accounts held across different

By Aduragbemi Omiyale The management of Guaranty Trust Holding Company Plc’s (GTCO Plc) was on Tuesday, July 13, 2021, honoured with a closing gong ceremony at the Nigerian Exchange (NGX) Limited. The beat of the gong on the stock exchange signifies the closing of the day’s trading activities. This is done by respected persons and organisations in society. GTCO was privileged to beat the gong yesterday to mark the listing of its shares on the main floor of the exchange after the completion of all regulatory requirements for its corporate reorganisation into a holding company structure and the listing of

By Dipo Olowookere The Nigerian Stock Exchange (NSE) further depreciated by 0.38 percent on Wednesday on the back of sustained sell pressure. The decline yesterday was as a result of profit-taking in the energy sector (-4.11 percent) and consumer goods index (-1.63 percent). Their performance overcame the gains recorded in the insurance (0.87 percent) and banking (0.24 percent) sectors. The industrial goods space closed flat. When market activities were wrapped up at the midweek session, the All-Share Index (ASI) reduced by 95.07 points to 24,654.99 points from 24,750.06 points. Similarly, the market capitalisation decreased yesterday by N49 billion to settle

By Modupe Gbadeyanka If the prayers of a firm known as Greenwich Trust Limited are granted by Justice Saliu Saidu of the Federal High Court sitting in Lagos, then the Group Managing Director of United Bank for Africa (UBA) Plc, Mr Kennedy Uzoka, may have to cool off in prison for a couple of days. This is because the company has asked the court to jail Mr Uzoka and the Legal Adviser of the financial institution, Mr Samuel Adikamkwu, for contempt. The firm claimed the duo have failed to honour a court judgement, which directed the bank to release the