Lagos Orders Restaurants, Eateries to Check Temperature of Workers, Customers

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

By Adedapo Adesanya The President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been recognised with the Forbes Africa magazine 2023 Person of The Year award. At a well-attended award ceremony in Cairo, which also included the unveiling of the cover for Forbes Africa’s December 2023/January 2024 edition featuring Mr Oramah as cover personality, Mr Rakesh Wahi, Forbes Africa Founder and Publisher, and Ms Roberta Naicker, Managing Director, said that the award recognised the stellar accomplishments of leading Africans contributing to the development of the continent. “With a career spanning three decades at Afreximbank, Prof. Benedict Oramah is

By Professor Maurice Okoli For this discussion, it is necessary to set the premise using the United Nations. In UN resolutions, codes and standards, the governments have agreed that humanitarian assistance should be allocated according to the humanitarian principles of humanity, impartiality, neutrality and independence. This normative framework, however, must not lead to an incorrect assumption that humanitarian aid is divorced from political power. But instead, the decision as to where, how and why to provide humanitarian assistance is part of more extensive foreign policy considerations which are guided by both norms and interests, such as geopolitical concerns or the

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has signed a $1.5 billion prepayment deal led by Standard Chartered with oil traders Vitol Group and Matrix Energy. This will be the first of such deal since the coronavirus pandemic struck and it is expected to provide Nigeria with enough fund to help boosts its finances which were affected by the oil price crash in April as COVID-19 lockdowns erased nearly one-third of global oil demand. Known as Project Eagle, the financing package was also backed by both the African Export-Import Bank (Afreximbank) and United Bank for Africa (UBA). According

By Dipo Olowookere Banks operating in the country have been told to refund any excess charges from customers’ accounts with interest. Central Bank of Nigeria (CBN) said it would force any bank engaged in such to adhere to the laid down rules and regulations. Addressing newsmen on Tuesday in Abuja, the apex bank’s head of Consumer Complaints Management, Consumer Protection Department, Mr Fada David, disclosed that, “Part of the punitive measures is that if excess charges are discovered, they are refunded to consumers with interest.” Mr David was speaking in respect of complaints by bank customers within the Federal Capital

By Modupe Gbadeyanka Prudential Africa is leading its industry with the highest number of Million Dollar Round Table (MDRT) members from Nigeria in the first half of 2022. In the period under review, the company had 222 qualified MDRT members, 469 per cent higher than the 39 MDRT members recorded in the first half of last year. MDRT is the global Premier Association of Financial Professionals. MDRT members lead the global financial services profession in professional knowledge, ethical conduct, and client service. They are recognised as setting the international standard of excellence in the financial services field, meeting unique client

By Dipo Olowookere Last Thursday, the Central Bank of Nigeria (CBN) conducted an Open Market Operations (OMO) for the sale of liquidity management tools worth N60 billion. The exercise gave the apex bank the opportunity to sell the financial assets to offshore investors to boost the nation’s external reserves. During the OMO sale, the bank auctioned the bills in three different maturities; 89-day, 173-day and 362-day. Business Post reports that N10 billion worth of the three-month instrument was auctioned by the CBN, another N10 billion worth of the six-month bill was auctioned, while N40 billion worth of the one-year tenor

By Adedapo Adesanya President Muhammadu Buhari has expressed appreciation for the support given to Nigerian businesses by the African Export-Import Bank (Afreximbank). Mr Garba Shehu, one of the media aides to President Buhari, said in a statement that the commendation was given when the Nigerian leader met with the bank’s chief, Mr Benedict Oramah, in Durban, South Africa. At the meeting, which took place at the 2nd Intra-African Trade Fair Conference in the South African city on Monday, he assured that the Nigerian government will continue to support efforts that would broaden the economy through multilateral financing. President Buhari said:

By Adedapo Adesanya The Lagos state government has announced a full return to the price of all bus rapid transit (BRT), Standard, and FLM with effective from Saturday, April 1. In a notice seen by Business Post on Tuesday, the Lagos Metropolitan Area Transport Authority (LAMATA) said it would be reverting all its regulated buses fare to a 100 per cent rate. Lagos State Governor, Mr Babajide Olusola Sanwo-Olu, had on Wednesday, February 8, 2023, approved a 50 per cent slash in bus fares following the cash crunch brought about by the recent currency swap. Now, following the supreme court

By Jerome-Mario Chijioke Utomi At a time like this, there is a compelling need to evaluate our politics and governance via a broader view of the people’s paramount concerns and legitimate expectations in order to unravel its values of fiscal discipline, prudent management, robust and continuous community engagement, effective and efficient public communication, and excellent public service delivery for the benefit of this generation and the next. Despite this logical, rational and practical belief, one is bound to face confusion in doing this as there is no codified word or structured documentation adequate enough to evaluate a public office holder.