Kwara Govt Promotes 1,323 Civil Servants

By Adedapo Adesanya President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE). According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference. The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101. The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Adedapo Adesanya  PricewaterhouseCooper (PwC) Nigeria has commended the country’s move towards fixing its copious electricity challenges with the Electricity Act 2023 and proposed key amendments that will ensure the issues are faced head-on, At the 14th edition of its Annual Power and Utilities Roundtable, with the theme The Electricity Act 2023: Powering Nigeria, the Partner and Energy, Utilities and Resources Leader at PwC Nigeria, Mr Pedro Omontuemhen, noted that, “The 2023 power roundtable’s timing coincides with the ongoing COP 28 in Dubai, highlighting the urgent need for continued action on climate change especially in the area of renewable energy.”

By Modupe Gbadeyanka A foremost search engine platform, Google, has released the findings of its 2023 Year in Search for Nigeria, showcasing the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention throughout the year. Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do. In Nigeria, this year’s results show a heightened interest in lifestyle, local politics, and notable personalities such as Moyo Lawal, Peter Obi and Oladipupo Oladimeji, aka Oladips, who topped the trending people’s

By Modupe Gbadeyanka Governor Akinwunmi Ambode of Lagos State has been given one week to explain why he should not be impeach from office. At the plenary on Monday, Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, said the Governor has been spending money not approved for 2019 fiscal year without approval of the parliament. Mr Obasa said the Governor, by doing so, was committing an impeachable offence. Mr Ambode is yet to formally present the 2019 Appropriation Bill to the parliament and the lawmakers want the Governor to explain why he should not be removed from

By Dipo Olowookere The United Nations Children’s Fund (UNICEF) has disclosed that more than 25 million children between 6 and 15 years old, or 22 percent of children in that age group, are missing out on school in conflict zones across 22 countries, including Nigeria. In a report released on Monday, the agency’s Chief of Education, Josephine Bourne, stated that, “At no time is education more important than in times of war,” asking, “Without education, how will children reach their full potential and contribute to the future and stability of their families, communities and economies?” The report noted that at

By Adedapo Adesanya Crude oil fell by about 1 per cent on Wednesday as possible US recession outweighed optimism that China’s lifting of COVID-19 curbs will fuel demand for crude in the world’s top oil importer. Brent crude went down by 94 cents or 1.1 per cent to settle at $84.98 a barrel, and the US West Texas Intermediate (WTI) crude depreciated by 70 cents or 0.9 per cent to trade at 79.48 per barrel. Fear came into the market after comments from US Federal Reserve officials sparked worries that the country’s central bank may not pause interest rate hikes

By Adedapo Adesanya Crude oil witnessed over 2 per cent drop on Tuesday on signals that central banks may not be done with interest rate hikes. It was observed that Brent crude futures went down by $1.92 or 2.6 per cent to sell at $72.26 a barrel, while the US West Texas Intermediate (WTI) crude futures dropped $1.67 or 2.4 per cent to settle at $67.70 a barrel. The President of the European Central Bank (ECB), Ms Christine Lagarde, said on Tuesday that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. The ECB

By Adedapo Adesanya, Ahmed Rahma The recent hammering of the Naira at the Investors and Exporters (I&E) window of the foreign exchange (forex) market showed no signs of slowing down. On Tuesday, the value of the local currency against the US Dollar was further weakened and this has been linked to the recent ban on cryptocurrency in the country by the Central Bank of Nigeria (CBN). According to data gathered by Business Post from FMDQ Securities Exchange, the domestic currency lost N2.50 or 0.63 per cent against the greenback to trade at N401/$1 in contrast to N398.50/$1 it traded at

Organiser of the prestigious Nigerian Breweries’ Golden Pen Awards, Nigerian Breweries Plc, has said submission of entries would end on Friday, August 19, 2016. This was made known by the organiser in a statement issued in Lagos and obtained by Business Post on Saturday. According to Nigerian Breweries Corporate Affairs Adviser, Kufre Ekanem, intending interested journalists can still be part of the awards by submitting their entries ahead of the deadline. He said already, entries have been received from across the country from pen pushers. Mr Ekanem explained that the awards will reward journalists in three categories – the Golden

By Kestér Kenn Klomegâh The United States has outstretched its political and economic interests around the world. China has strategically extended its tentacles across both the Atlantic and the Pacific, conquered Africa, and intensified commercial operations in the Central Asia regions including the former Soviet republics – the backyard of the Russian Federation. Despite its large population of 1.5 billion which many have considered as an impediment, China’s domestic economic reforms and collaborative strategic diplomacy with external countries have made it attain superpower status over the United States. China is strengthening its trade, investment and economic muscles. Russia has been

By Adedapo Adesanya The number of Nigeria’s marginal oilfields up for auctioning could rise to 67 with the rejection of an application to stop the federal government from auctioning 10 marginal oil fields whose licenses have been revoked by a Federal High Court in Lagos. Justice Chukwujekwu Aneke dismissed an application for interlocutory injunction filed by the operators of affected marginal oil fields which intended to restrain the federal government from auctioning them as part of its licensing round. The affected operators are Associated Oil & Gas Limited, Dansaki Petroleum Limited; Bayelsa Oil Limited; Bicta Energy and Management Systems Limited: