IWD 2019: Zedvance Backs Gender Parity, Celebrates Female Employees

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 Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Adedapo Adesanya  Nigeria has commenced moves to refloat the moribund national shipping line with a view to targeting a $10 billion value from the global shipping market. This is the current interest of the newly created Ministry of Marine and Blue Economy headed by the Minister, Mr Adegboyega Oyetola, as he met with various maritime stakeholders with a view to charting a new course for the sustainable development of the nation’s marine sector in Lagos on Tuesday. He said that Nigeria must be ready for global competitiveness as it hopes to target the $10 billion ship charter market. According

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

By Nitin Gajria So goes the old adage: The hand that rocks the cradle, rules the world. While some might find depth and truth in this saying, others might beg to differ based on realities that determine the social challenges women face the world over. So, as we move rapidly toward the middle of the 21st-century, how can we be effective allies in support of the cause to level the playing field and empower women, right here on the continent, with tangible opportunities for stepping into the leadership role proposed by this idiom? The Balance defines economic power as the

By Modupe Gbadeyanka The local currency appreciated last week against the Dollar across the various segments of the foreign exchange (forex) market. At the parallel market, the Naira gained 0.28 percent against the Greenback to close at N360/$, while it also went up by the same margin at the Bureau De Change (BDC) market to finish at N358/$. At the Investors and Exporters window, the local currency grew in strength marginally by 0.01 percent to settle at N360.79/$. However, at the interbank segment of the market, the Naira was flat, closing at N357.52/$ amid sustained weekly injections of $210 million

By Modupe Gbadeyanka Security officials have reportedly apprehended CEO of a top entertainment outfit in Nigeria, Chocolate City, Mr Audu Maikori, over comments he made few weeks ago on the Southern Kaduna crisis. It would be recalled that after posting on his Twitter account about a fatal attack on his relatives, Mr Maikori, who is a lawyer, apologised when he realised that his information was false. He had said that some Fulani herdsmen attacked and killed some students of the College of Education in Gidan Waya. He said he had relied on information given to him by his driver. But

By Adedapo Adesanya Nigeria’s headline inflation increased by 0.92 per cent to 26.72 per cent in September 2023 compared to 25.80 per cent in August 2023, lower than analysts’ expectations of 27.95 per cent. According to the National Bureau of Statistics (NBS) on Monday, on a year-on-year basis, the headline inflation rate was 5.94 per cent points higher compared to the rate recorded in September 2022, which was 20.77 per cent. Meristem Securities in a research note had projected an increase to 27.95 per cent in September, triggered by the rise of food, premium motor spirit (PMS), as well as

By Dipo Olowookere Canadian firm, Smartcool Systems, has announced the release of a new product, the ECOhome, which will focus on the lucrative residential air conditioning market. Smartcool’s proprietary control algorithm technology has delivered proven energy efficiencies and savings to some of the world’s best known brands over many years including McDonalds, Burger King, Dell Computers, Tesco, General Electric, Hilton, Radisson, Mercedes Benz, Jaguar Motorcars, United Utilities, Telefonica, Emcor, and SSE. Commenting on the new product, CEO of Smartcool, Mr Ted Konyi, disclosed that, “The company has built a pedigree of delivering meaningful energy savings at over 30,000 installations around

By Kester Kenn Klomegah Russia’s Ministry of Foreign Affairs (MFA), collaborating with Ministry of Communications, Diplomatic Academy and the Institute for African Studies, plans to launch a short orientation and training programme for senior editors working in the state media organisations in African countries. The media initiative came up as a follow up to Foreign Minister Sergey Lavrov’s discussions during his African tour early March about rolling out a comprehensive strategic roadmap for a more integrated cooperation and find effective ways of improving public diplomacy in Africa. On May 16, Sergey Lavrov chaired the Foreign Ministry Collegium meeting on the

By Dipo Olowookere A company based in Canada, Globevest Capital Partners Limited, has acquired a 55.04 per cent stake in Smarts Products Nigeria Plc. The Canadian firm bought the shares from the acting Chairman of the organisation, Mr Aderonmu Ademola Abiola. The transaction, which involved the transfer of 24,768,579 ordinary shares to Globevest, was worth nearly N5.0 million (precisely N4,953,715) as the stocks were sold at 20 kobo per unit. Business Post reports that shares of Smart Products Nigeria closed flat on Monday, May 17, 2021, at 26 kobo per unit. The audited financial statements of Smart Products Nigeria for