Kano Businesswoman in N13.8m Investment Mess

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 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 Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

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 Modupe Gbadeyanka A latest report by Kaspersky Lab on the online activities of children, based on statistics received from its solutions and modules with child protection features, has highlighted children’s online activities and the importance of protecting them when online. For example, video content globally, comprised 17 percent of searches over the last months. Although many videos watched as a result of these searches may be harmless, it is still possible for children to accidentally end up watching videos that contain inappropriate content. The report shows anonymised statistics from Kaspersky Lab’s flagship consumer solutions for Windows PCs and Macs

Nigeria’s leading online shopping destination, Jumia, has empowered resident women in Lagos to deepen e-commerce penetration in the country. This is through the company’s Women & Youth Empowerment Programme, created to provide training and support to young women and youth seeking to expand their sources of income. The programme, which is also aimed at ultimately bridging the widening unemployment gap among the youth in the country, had its pilot phase launched on Friday, June 14, 2019, at the Jumia Experience Centre in Yaba, Lagos. According to the Chief Executive Officer of Jumia Nigeria, Mrs Juliet Anammah, when women are empowered,

What should be a website to promote business? This is probably the main question that worries every client. After all, a website is often not only a company’s business card on the Internet but also an effective marketing channel. And in order for your website to be really successful, you need to clearly understand what goals you are pursuing when creating it and what tasks it should solve. Let’s look at the successful example of the 22Bet website to see what things are important to customers. So, the site is designed in turquoise and blue colours, and the important information

By Dipo Olowookere The bulls extended their stay on the floor of the Nigerian Exchange (NGX) Limited on Wednesday following a 0.12 per cent growth, which was largely driven by MTN Nigeria, GTCO, Oando and Honeywell Flour Mills. Business Post reports that despite the positive outcome of the market, investor sentiment still remained negative as there were 18 price losers and 14 price gainers led by UPDC, which rose by 9.64 per cent to N1.82. Northern Nigerian Flour Mills appreciated by 9.59 per cent to N8.00, Oando grew by 6.21 per cent to N4.62, Learn Africa improved by 5.88 per

By Dipo Olowookere Over the weekend, the Central Bank of Nigeria (CBN) announced the downward review of some fees charged on transactions carried out by customers of banks and others operating in the financial sector of the country. While many consumers have applauded the industry watchdog for this move they described as laudable, which is majorly aimed to deepen financial inclusion in the country, some analysts have said it could ‘spell doom’ for the financial institutions because what they usually generate as income may be greatly affected when the changes become effective. Commenting on the issue, United Capital Research said

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has called for collective efforts to shape the energy sector in Nigeria, noting that no meaningful economic growth can be achieved without it. Mr Adelabu said this at the Nigeria Energy 2023 leadership summit recently held in Lagos, with the theme Unlocking new value with reforms, investments, and technology which saw in attendance industry leaders. The Minister said, “Energy is the lifeblood of any modern economy of which Nigeria is no exception. No meaningful economic growth or industrial development can be achieved without energy. “We can be talking of potential

By Dipo Olowookere The treasury bills market remained marginally bearish on Friday with slight selloff witnessed on some short tenured maturities. As a result, yields trended higher at the close of market, with the 1-month yields closing at 14.91 percent, 3-month yields at 11.31 percent, the 6-month yields at 14.63 percent and the 12-month yields at 17.32 percent. Analysts at Zedcrest Research, “With system liquidity still in negative territory, we expect yields to remain elevated in the coming week, with the CBN expected to maintain its aggressive OMO stance in view of the N560 billion in OMO maturities.” Meanwhile, the

Owner of 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited, Mr Samusideen Babafemi Sarumi, has been re-arraigned by the Lagos office of the Economic and Financial Crimes Commission (EFCC). Mr Sarumi was taken to court again by the agency on Thursday, November 14, 2019, on a three-count charge bordering on felony to commit money laundering and money laundering to the tune of N209 million. The defendant, who was earlier arraigned by the EFCC on November 1, 2019, was alleged to have been involved in computer related fraud across the world. He was also alleged to have taken