Lagos Assembly Screens Governor’s Nominees

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 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 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 An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Adedapo Adesanya Nigeria’s inflation rate for July 2021 dropped for the fourth consecutive month to 17.38 per cent from the 17.75 per cent recorded in June 2021. According to the latest Consumer Price Index Report for July released by the National Bureau of Statistics (NBS), this happened because of a slower rise in the prices of food. The data showed that food inflation declined to 21.03 per cent from 21.83 per cent recorded in the previous month, implying that food prices continued to rise in July 2021 but at a slower speed than in June 2021. According to the

Atlético Madrid is facing a decisive week for their hopes in the closing stages of the 2021-2022 season, facing the double competition (domestic and continental) after the forced break for FIFA. Diego Simeone will face several challenges at once, despite the seeming simplicity of the opponent in La Liga. Fourth in the La Liga table with 54 points (level on points with Barcelona but with a game in hand on the Blaugrana), they will welcome Alavés at the Wanda Metropolitano, who are second-bottom in the league, and with their coach José Luis Mendilibar on the ropes barely four months after

The founder of Slum2School Africa, Mr Orondaam Otto, has had a day with CNN International for his dedication to ensuring underprivileged children in Nigeria can go to school. In July, Mr Otto launched Nigeria’s first virtual learning classroom to help underprivileged communities across Nigeria access education during COVID-19 lockdown. So far, his initiative has reached around 1,000 children and the goal is to reach 10,000. In a chat, he told CNN, “We believe that every Nigerian child deserves the best. This is what inspires us to do what we do…I work with volunteers across the world to provide access to

By Modupe Gbadeyanka On Monday, the money market rates from to double digits at the close of business as market participants made provisions for the forex wholesale intervention by the Central Bank of Nigeria (CBN). Specifically, the Open Buy Back (OBB) rate moved from 6.67 percent to 10.17 percent yesterday, while the Overnight (OVN) rate jumped to 10.83 percent from 7.33 percent. The rise in these market rates followed a drop in system liquidity levels during trading yesterday. “We expect rates to remain at these levels after the break, with some respite expected later via OMO maturities,” analysts at Zedcrest

By Aduragbemi Omiyale The chief executive of the Central Securities Clearing System (CSCS) Plc, Mr Haruna Jalo-Waziri, has expressed delight at his election as the new Vice President of the regional association of global Central Securities Depositories (CSDs), Africa and Middle East Depositories Association (AMEDA). The Nigerian will be working closely with Mr Abdalla Abdin, the Chief Executive Officer of Bahrain Clear, who currently serves as the President of the association, in steering the affairs of AMEDA and leading the execution of strategic initiatives towards delivering value to its members and broader stakeholders. “I feel greatly honoured by my nomination

By Adedapo Adesanya Protests erupted in Ogun State on Wednesday morning as members of the Nigeria Labour Congress (NLC) and residents lamented the poor state of roads in the state. They complained bitterly about the deplorable condition of roads, giving the state Governor, Mr Dapo Abiodun, a 21-day ultimatum to address the issue or they will bring down the economy of the state. This morning, the demonstrators blocked the Sango Ota section of the Lagos—Abeokuta Expressway in the Ado-Odo/Ota Local Government Area of the state from Joju Bus-Stop to the Garage area. According to images circulating on social media, many

By Modupe Gbadeyanka Analysts are forecasting that this trading week will experience ease in financial system liquidity as the Central Bank of Nigeria (CBN) retires OMO bills worth N16.37 billion. This, according to those at Cowry Asset, should make the interbank interest rates to further contract during the week. Last week, CBN auctioned Treasury Bills worth N17.61 billion via the primary market and in line with expectations, stop rates for 90-day, 182-day and 364-day bills moderated to 9.6 percent from 10.00 percent, 11.89 percent from 11.95 percent and 12.02 percent from 12.34 percent respectively amid investors’ high demand for short