Kwara Begins Second Phase of Solar-Powered Streetlight Project

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 A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

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 Modupe Gbadeyanka A report by FSDH Securities Limited has disclosed that the November 2016 inflation rate (year-on-year) to increase further to 18.45 percent from 18.33 percent it recorded in the month of October 2016. According to the report, the expected increase in the inflation rate will be driven by higher prices within the Food and Non-Alcoholic Beverages division, as well as the depreciation in the foreign exchange rate during the month. The National Bureau of Statistics (NBS) is expected to release the inflation rate for the month of November 2016 on December 15, 2016 based on the data calendar

By Dipo Olowookere Companies in the country which focus on technology have been assured of the needed support to enable them grow bigger. This assurance was given by the Nigerian National Petroleum Corporation (NNPC) during the 47th Conference and Annual General Meeting of Nigerian Society of Chemical Engineers in Port Harcourt on Friday. Group Managing Director of NNPC, Mr Maikanti Baru, said the state-owned oil agency will promote the development and commercialization of home-grown technology in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB). He noted that the effort would be driven by the Research and Development (R&D)

By Dipo Olowookere Following controversies trailing the new biometric visa-on-arrival for foreigners entering into the country, the Nigerian government has suspended the policy. The exercise, which was introduced by the Nigeria Immigration Service (NIS), took effect on Tuesday, June 12, 2018, but its implementation delayed till Monday, 25, 2018. It ensured that foreigners arriving into the country obtain a biometric visa at the point of entry. Few days ago, there were reports of pandemonium at the Lagos airport over the demand of $90 to $110 from foreigners entering Nigeria for the biometric visa-on-arrival. Worried by the controversies surrounding the new

By Modupe Gbadeyanka The recent decline in the external reserves of Nigeria continued last week, recording a further drop by 0.30 percent. As at Friday, July 26, 2018, the foreign reserves of Africa’s largest market and economy was down to $47.25 billion. A look at the foreign exchange market last week showed that the Nigerian Naira further depreciated week-on-week (w-o-w) against the US Dollar at the Investors & Exporters Forex Window (I&E FXW) by 0.19 percent to close at N362.28. However, the local currency remained unchanged against the Dollar at the Bureau De Change segment and the parallel (black) market

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited further closed bullish on Thursday by 0.55 per cent as investors renewed their confidence in the local stock market. The growth posted yesterday was influenced by the demand for equities with strong fundamentals across the key sectors of the bourse and this resulted in the 5.17 per cent rise posted by the energy space. The insurance sector appreciated by 1.13 per cent, the banking counter improved by 0.86 per cent, the consumer goods index rose by 0.67 per cent, while the industrial goods sector closed flat. When

By Investors Hub European markets have edged higher on Friday, staging a modest recovery after a subdued start. Investors are keenly following the developments on the trade front and hoping the latest round of stimulus measures announced by central banks will help revive economic growth. While the French CAC 40 Index has risen by 0.4 percent, the U.K.?s FTSE 100 Index and the German DAX Index are up by 0.2 percent and 0.1 percent, respectively. Shares of French IT services company Alten have shown a significant move to the upside following a rating upgrade by SocGen. In economic news, German

By Modupe Gbadeyanka Fresh treasury bills worth N1.024 trillion would be sold by the Central Bank of Nigeria (CBN) in the fourth quarter of 2018. This information was revealed by the apex bank in its Nigerian Treasury Bills Issue Programme for fourth quarter 2018. The central bank said during the period under review, it would roll over same amount of the debt instrument. A breakdown of the proposed sale via the primary market auction (PMA) showed that 91-day bills worth N62.635 billion, 182-day bills valued at N148.667 billion, and 364-day bills worth N812.401 billion would be auctioned to market players

By Modupe Gbadeyanka Leading bottler of Coca-Cola products in 28 countries including Nigeria, Coca-Cola HBC, has been named the Sustainability leader of the beverage industry by the Dow Jones Sustainability Indices (DJSI) assessment published on September 8, 2016. The company scored a total of 90 points, which is 40 points higher than the industry average and 3 points higher than last year. It would be the ninth year Coca-Cola HBC has been included in the global assessment, as a result of its leading sustainability performance in 2015. All through 2015, Coca-Cola HBC continued to reduce its environmental footprint, decreasing its