Lagos Creates 50 Neighbourhood Markets for Cheap Food Items

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

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 Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

By Adeniyi Ogunfowoke Nigeria’s digital economy is currently getting the much-needed attention from government and experts because of its endless potentials to cause a radical shift in the country’s economy. These can be backed by the statement of Okechukwu Enelamah, Minister of Industry, Trade and Investment who said recently that there are indications that investments in the digital economy will generate $88 billion and create three million jobs for Nigerians before the end of 2021. From the Minister’s statement, it can be understood that the digital economy will be key to the growth of Nigeria’s economy. However, a major concern

By Dipo Olowookere Governor Abdulfatah Ahmed of Kwara State has expressed his administrations readiness to set up an agency to manage the State health insurance scheme. The Governor made this known when he received Professor Khama Rogo, Lead Health Specialist and Head of the World Bank Group’s Health in Africa Initiative and his team at the government house in Ilorin on Monday. While expressing delight that the health insurance law has been passed, Mr Ahmed said a strong agency will be setup with adequate personnel provide strong healthcare service delivery and drive health sector funding away from supply end financing.

By Adedapo Adesanya Stocks admitted on the NASD Over-the-Counter (OTC) Securities Exchange extended their stay in the negative territory on the first trading session of the new week with a 0.34 per cent loss. At the unlisted securities market on Monday, the negative price movement in Niger Delta Exploration and Production (NDEP) Plc further pinned the bourse in the bearish zone. NDEP Plc recorded a N19 or 7.6 per cent decline in its value to settle at N251.50 per unit compared to N270.50 per unit of the preceding session. The loss by this company overshadowed the gains printed by two

By Aduragbemi Omiyale In order to deepen the interest of students in the capital market, the Nigerian Exchange (NGX) Limited is considering working with the management of the University of Lagos (UNILAG) to design courses for capital market-related degrees. This disclosure was made by the chief executive of the bourse, Mr Temi Popoola, during a digital closing gong ceremony to commemorate the 26th Nigeria University Games Association (NUGA) hosted by the higher institution. At the event held on Tuesday, March 15, 2022, Mr Popoola expressed the organisation’s interest in grooming the next generation of capital market players. “We are eager

By Dipo Olowookere On Wednesday, the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) conducted the sale of fresh treasury bills via the primary market auction. During the exercise, a total of N136.31 billion worth T-bills were offered and sold to market players amidst subscriptions worth N213.37 billion received. Business Post observed that while rates on the 91-day and 182-day bills were retained at the previous levels, the rate for the 364-day bills were raised by 0.45 percent to 13.50 percent from 13.05 percent at the last PMA. Subscriptions worth N202.34 billion were received from investors for

By Dipo Olowookere Leading energy firm in Nigeria, Oando Plc, on Friday lost its appeal to stop plans by the Securities and Exchange Commission (SEC) to conduct a forensic audit of its affairs. Oando, after first losing its bid to stop the process at the Federal High Court sitting in Lagos last month, filed an appeal to challenge the lower court’s judgement. On Wednesday, the company filed a motion before the high court, seeking an injunction to preserve the ‘res’ pending the final determination of the appeal. This was challenged by counsel to SEC, Mr Anthony Idigie, who argued that

By Adedapo Adesanya The price of the Brent crude rose by 3.59 per cent or $3.44 to $118 per barrel on Monday night as the European Union (EU) considers fresh sanctions that will hit Russia’s energy sector and further tighten the market. This development also lifted the price of the United States West Texas Intermediate (WTI) crude higher yesterday by 4.36 per cent or $4.39 to $113.6 per barrel. The new sanctions are being triggered by allegations of the killing of unarmed civilians by Russian forces while retreating from Ukrainian towns. The bloc vowed a new wave of severe sanctions

By Adedapo Adesanya The oil market settled lower on Friday, reversing early gains of more than $1 a barrel as banking sector fears caused both benchmarks to reach their biggest weekly declines in months. Brent crude futures lost $1.73 or 2.3 per cent to close at $72.97 per barrel, and the US West Texas Intermediate crude fell by $1.61 or 2.4 per cent to settle at $66.74 per barrel. Brent fell nearly by 12 per cent in the week, its biggest weekly fall since December, and on its part, WTI futures fell 13 per cent, its biggest since last April.