Jumia, Others Float e-Commerce Sectoral Group Under LCCI

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

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 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 Modupe Gbadeyanka A total of about 8,000 accredited poor Nigerians from the selected 12 Local Government Areas of Osun State will benefit in the conditional cash transfer of the Federal Government. The disbursement of the N5000 monthly stipend, which is currently on-going in some states of the federation, has started in the state. The Unit Head for the cash transfer in Osun State, Mrs Adeola Oyebamiji, said during the disbursement exercise of the December and January months’ stipend in Ife north local government Secretariat that subsequent payment would be made via bank transfer to all beneficiaries. Mrs Oyebamiji said

By Adedapo Adesanya It was a positive outcome for the NASD Over-the-Counter (OTC) Securities Exchange on Friday as it extended its stay in the green territory with a 0.12 per cent gain. This increased the NASD Unlisted Security Index (NSI) by 0.98 points to end the day at 845.13 points compared with the previous day’s 844.15 points as the market capitalisation rose by N1.6 billion to close at N1.145 trillion compared with Thursday’s value of N1.144 trillion. Four stocks were responsible for the growth achieved by the unlisted securities market on the last trading day of the week, compressing the

By Kester Kenn Klomegah Acknowledging undoubtedly that Africa has become a new world center for global development, Russian legislators at the State Duma (the lower chamber) have advocated for a greater media representation to facilitate collecting important information to support business and economic cooperation with Africa. Reason One: Viacheslav Volodin, the chairman of the State Duma, told an instant meeting held, with participation of African diplomats, to brainstorm for fresh views on the current Russia-African relations: “it is necessary to take certain steps together for the Russian media to work on the African continent.” “You know that the Russian media

By Dipo Olowookere Wema Bank Plc joined the rest of the world to commemorate the World Blood Donor Day (WBDD) on June 14, 2017, but it was not until Friday, June 30, 2017, that members of staff, who volunteered to donate blood, could do so at an event tagged Wema LifeSource; alluding to blood as the source of life. The event was held at the Lagos head office of the financial institution. Wema Bank partnered with the Lagos University Teaching Hospital (LUTH) for its blood donation drive (Wema LifeSource) which enjoyed participation by staff from all categories. Every year, WBDD

By Investors Hub Asian stocks ended mostly lower on Thursday after upbeat U.S. economic data drove 10-year U.S. Treasury yields to their highest level since 2011, raising concerns the Federal Reserve may raise interest rates aggressively. The Chinese markets remain closed all week for the National Day holiday. Hong Kong’s Hang Seng Index plunged 467.39 points or 1.7 percent to 26,623.87 on fears about an extended series of interest rate hikes by the Federal Reserve. Japanese shares closed lower after rising earlier in the day on the back of a weak yen and a record close on Wall Street overnight.

Introduction Undoubtedly, online gambling, especially sports betting, has been experiencing technological advancements. This has made it easy for players to access from the comfort of their homes and offices. Also, the amazing bonuses featured by these platforms get players interested. Unfortunately, while technological improvements come with many blessings, it has also become a means by which criminals get their way. Of course, this results in the loss of funds. No one comes online to bet on a platform to get scammed. However, it happens. Despite the security approaches gambling sites take to ensure that players do not lose their fortune

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Group Plc and its subsidiaries have expressed sadness over the death of one of its founding fathers, Pa Akintola Williams. Mr Williams, a renowned chartered accountant, peacefully died in his sleep, according to his family, on Monday, September 11, 2023, at the age of 104. In a statement issued on Thursday, the NGX Group described the death of Mr Williams as a “profound loss to the Nigerian capital market” and the country. He was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange (NSE), which

By Dipo Olowookere The bearish trend that resurfaced on the floor of the Nigerian Stock Exchange (NSE) on Wednesday was sustained on Thursday by a further 0.35 percent decline printed by the market. Profit taking by investors ensured that the local equity market remained under pressure as Senate continued with the screening of ministerial nominees sent to the upper parliament for confirmation on Tuesday, when the market recorded a surge after days of losses. The All-Share Index (ASI), which closed at 28,088.74 points on Wednesday, decreased by 98.13 points on Thursday to finish at 27,990.61 points. In the same vein,