Lagos Assembly Deliberates On Sports Trust Fund

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Precious Olisa The Zamfara State Election Petition Tribunal sitting in Sokoto State has upheld the election of Mr Dauda Lawal as the governor of the state. Mr Lawal emerged victorious in the election after contesting to govern the state on March 18, 2023, under the platform of the Peoples Democratic Party (PDP). He defeated the immediate past Governor of the state and current Minister of State for Defence, Mr Bello Matawalle, with an impressive margin of 65,750 votes. The returning officer for the poll had announced that Mr Matawalle, the candidate of the All-Progressives Congress (APC), secured a total

By Modupe Gbadeyanka On October 1, 2023, food enthusiasts and stakeholders will gather at the Tafawa Balewa Square, Lagos to have a taste of Nigerian cuisine at an event organised by 3X4 Foods, a subsidiary of 3 BY 4 Gourmet. The founder of 3X4 Foods, Ms Banke Makinde, said the programme, Street Food Celebration, would be used to showcase the Nigerian culture, through food, to the world. She said the event would provide an opportunity to celebrate Nigeria’s culture, history, and people through street food, and promote cultural entertainment, and delicious gourmet street food. According to her, Street Food Celebration

By Adedapo Adesanya The Naira appreciated against the United States Dollar at the Investors and Exporters (I&E), the Peer-2-Peer (P2P), and the black market segments of the foreign exchange market on Tuesday, January 10 amid moves by banks to halt the use of Naira cards for international transactions. To frustrate the flight of limited forex from the country, many banks, including Guaranty Trust Bank, Zenith Bank, and United Bank for Africa, have halted foreign payments through the Naira cards. In the I&E market, which caters to largely regulated export activities, the value of the local currency improved against the greenback

By Adedapo Adesanya On the last trading session of the week, the NASD Over-the-Counter (OTC) Securities Exchange closed in the negative region following the marginal 0.01 per cent loss it posted when trading activities were brought to an end. This chipped off N130 million from the total value of the unlisted stock exchange yesterday to N1.006 trillion from N1.006 trillion and trimmed the NASD Unlisted Securities Index (NSI) by 0.1 points to wrap the session at 794.41 points compared with 794.51 points recorded in the previous session. Business Post reports that the loss was triggered by the decline in the

By Dipo Olowookere The Redeemed Christian Church of God (RCCG) has commenced its annual New Year fast for the year 2017, and it will hold for 40 days. This year’s fast comes after the General Overseer, Pastor Enoch Adejare Adeboye, well-known as Daddy G.O., announced he was stepping down to pave way for Pastor Joseph Obayemi to lead the church in Nigeria. According to Pastor Adeboye, the fast will kick off on Wednesday, January 11, 2017 accompanied with prayers and ends on Sunday, February 19, 2017. On his official Facebook page, the respected cleric wrote, “Shalom beloved family. The RCCG

By Dipo Olowookere Journalist-cum PR executive, Mr Muyiwa Akintunde, has been announced as the Chief Operating Officer (COO) of TPT International Limited. TPT International, which has Mr Adetokunbo Modupe as its Chairman and Lead Strategist, is a full-service public relations firm maintaining practice areas in crisis management, corporate communications, strategic counselling, media relations, information communications technology and social media. Mr Akintunde has over 25 years of cumulative experience in public relations and journalism. He is the Vice President of the Public Relations Consultants of Nigeria (PRCAN) and, until lately, the Lead Consultant of Leap Communications. He was Executive Director at

By Investors Hub Asian stocks turned in a mixed performance on Thursday after the Federal Reserve announced its widely anticipated decision to raise interest rates by 25 basis points and projected three rate hikes in 2018, citing a strong outlook for U.S. economic growth. Underlying sentiment remained somewhat cautious amid expectations that U.S. president Donald Trump will introduce tariffs on Chinese goods for approximately $50 billion. China’s Shanghai Composite Index slid 17.12 points or 0.5 percent to close at 3,263.83 after the People’s Bank of China raised its short-term interest rates for the first time this year in reaction to

By Adedapo Adesanya The National Insurance Commission (NAICOM) has given a go-ahead to all conventional insurance companies across the country to transact micro-insurance businesses to support financial inclusion and increase insurance penetration. A circular released by the commission in Abuja yesterday said the authorisation takes effect from December 1, 2020. The circular said that conventional insurance companies should henceforth apply for a micro-insurance national operation license before they would be allowed to operate the window. According to the agency, “insurers shall seek and obtain approval from the commission before transacting micro insurance and the board of the company shall approve

By Dipo Olowookere One lingering major problem in the Nigerian capital market the Securities and Exchange Commission (SEC) is not happy about is unclaimed dividends. Business Post reports that despite the efforts of the apex capital market regulator to reduce the N158.4 billion unclaimed dividends in the market, not much progress has been made. But the new Director-General of SEC, Mr Lamido Yuguda, seems to know the root cause of this stubborn problem and he is ready to face it head-on. Investors at the capital market have always complained about the bottlenecks faced when trying to get the reward of

YNaija.com, the internet newspaper for young Nigerians, has released the definitive list of the most influential people in media under 40. The 2016 #YNaijaPowerList is a honour roll of the most powerful young Nigerians who have excelled in the media industry. From the Guardian Newspapers Executive Director, Toke Ibru, to Pulse.ng’s Editor-in-Chief, Osagie Alonge, to the indisputable queen of blogging in Africa, Linda Ikeji, the list pulls together those who hold the levers in Nigeria’s media space. The #YNaijaPowerList which launched on Monday, 1 August, 2016 with the release of its Entertainment and Technology shortlist will run through the week