Lagos Governor Commissions New Police Post

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

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 Dipo Olowookere The Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, provided the sum of $210 million to foreign exchange (forex) dealers in the country. This is part of its efforts to ensure that the smooth supply of foreign currencies to genuine customers is never distorted. According to a statement issued by the apex bank, the $210 million was released to the inter-bank segment of the forex market. Figures obtained from the CBN indicate that the authorized dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium Enterprises

By Adedapo Adesanya Lagos State generated a sum of N753.46 billion, about 39.7 per cent of the total internally generated revenue (IGR) of Nigeria in 2021, according to the latest data on states’ IGR released by the National Bureau of Statistics (NBS). The total IGR recorded by the 36 states of the federation rose beyond pre-pandemic levels after it dipped in 2020 due to the lockdown measures put in place by the federal government to curb the spread of the pandemic. The NBS said the states, and the federal capital territory, generated N1.89 trillion as IGR in 2021, about 21.5

By Modupe Gbadeyanka In order to deliver better care and treatment of chronic, common and complex diseases, especially in remote and underserved locations, a leading grassroots telemedicine platform in Nigeria, PreDiagnosis International, has partnered with the Project ECHO Institute of the University of New Mexico, USA. The deal involves knowledge sharing and transfer on chronic and complex diseases with medical professionals in the country. It was gathered that the innovative tele-mentoring programme codenamed Project ECHO was designed to create virtual communities of learners by bringing together healthcare providers from all over Nigeria and subject matter experts from different parts of

By Adedapo Adesanya The International Energy Agency (IEA) has said that global oil demand is expected to slow from 2025 onwards due to the improvement of fuel efficiency and the increased acceptance of electrified vehicles but is unlikely to peak in the next twenty years. The Paris-based agency which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that demand growth would continue to increase even though there would be a marked slowdown in the 2030s. The agency’s central scenario – which incorporates existing energy policies and announced targets – is

A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has been recognized for its robust and exceptional human resource practices, reaffirming its status as a leading employer brand at the HR People Magazine Awards 2019 Awards held recently in Lagos. Stanbic IBTC won the Best Training, Learning & Development Strategy 2018 and the Outstanding Employee Engagement Strategy 2018 Awards. This makes it the third consecutive year the organisation will be adjudged best among peers for outstanding employee engagement strategy, having received the award back-to-back for 2016, 2017 and most recently 2018. These awards come on the back of winning

By Adedapo Adesanya Financial technology-oriented company owned by Opera, OPay, has raised an amount equating $120 million Series B funding backed by Chinese investors. The funding comes after the Africa-based fintech company raised $50 million earlier this year in June in the Series A investment. This new Series B capital by Asian investors include Meituan-Dianping, GaoRong, Source Code Capital, Softbank Asia, BAI, Redpoint, IDG Capital, Sequoia China and GSR Ventures. Reports disclosed that OPay will use the new funding to accelerate its growth in as well as to expand to Ghana and South Africa and will make a return to

By Modupe Gbadeyanka A deal for the construction of Ajaokuta-Kaduna-Kano gas pipeline project has been awarded to Oando Plc by the Nigerian National Petroleum Corporation (NNPC). The deal consists a two party consortium consisting of Oando, in conjunction with its midstream affiliate, Axxela Limited (Axxela) formerly known as Oando Gas & Power) and Oilserv Limited. The contract is for the Engineering, Procurement, and Construction (EPC) mandate for the Ajaokuta–Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system (the AKK Pipeline). According to Oando in a statement issued today, the firms were given the nod to embark on the project after

By Adedapo Adesanya Rumours that a deal on Iran’s nuclear activities could be signed within 72 hours sent oil prices lower on Thursday morning after reaching their highest in earlier trades. Brent crude recorded a 2.19 per cent or $2.43 contraction to trade at $110.46 per barrel while the West Texas Intermediate retreated by 2.65 per cent or $2.57 to sell for $107.67 per barrel. Traders reacted to the possibility that Iran could soon add more barrels to the market, which is very tight, with few buyers willing to take Russian crude after Putin invaded Ukraine. In a tweet, Iranian