Lagos Reduces Title Documents Approval Duration to Nine Months

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

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 Aduragbemi Omiyale The need for a robust and credible dispute resolution mechanism for the Nigerian capital market has been emphasised by the Securities and Exchange Commission (SEC). According to the apex regulatory agency for the market, if this is put in place, investors will have confidence in the ecosystem, which will be beneficial to all the stakeholders. Speaking at a meeting with the Abuja Chapter of the Chartered Institute of Arbitrators (CIArb), the Director-General of SEC, Mr Lamido Yuguda, said issues were bound to happen when two or persons come together for the purpose of investment. He said the

By Adedapo Adesanya The Nigerian Naira lost 7 kobo or 0.02 per cent against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Tuesday. Data showed that the Nigerian currency was traded at N415.07/$1 at the spot market yesterday compared with N415/$1 it was sold at the previous session. The Naira suffered the decline despite not being under demand pressure, according to data from the FMDQ Securities Exchange. The value of trades printed at the I&E segment on Tuesday went down by 34.0 per cent or $76.93 million as FX worth

Tokyo Illegal Gaming Operation Sees 8 Arrested Earlier this week, it was reported that the Tokyo police had arrested several people for running an illegal gambling operation in a building located in the Kabukicho entertainment district. Of the 8 people that were taken into custody, 44-year-old Hiroshi Hitomi was the head of the operation and has confessed his crimes. The Metropolitan police suspect that Hitomi’s operation is part of a bigger picture and that the revenue from illegal gambling funds certain gangs. These are all speculations; however, the police have evidence that Hitomi has been running the illegal casino since

By Adedapo Adesanya Digital payment entity, Mondia Pay, has announced that it will be onboarding a series of new clients in Nigeria as part of efforts to become the preferred digital payment solutions provider for telecommunications operators on the African continent. It revealed that Mondia Pay registered 5.3 billion transactions on its platform last year with telcos across the continent. A leader in digital platform services, Mondia Pay enjoys partnerships with operators in South Africa, Botswana, Liberia, Madagascar, Tanzania, Sudan, Guinee, Nigeria, Ivory Coast and Senegal where it provides telcos with the best billing integration, bundling deals, user engagement and

By Modupe Gbadeyanka Following media reports that the notorious kidnapper, Chukwuduneme Onwuamadike, also known as Evans, arrested last month by security operatives had vanished from custody, the police have released a statement to refute this. In a statement issued on Saturday by the Force Public Relations Officer, CSP Jimoh Moshood, the police said the kidnap suspect was still in their custody. Mr Moshood explained that Mr Evans was still assisting operatives in their investigations, urging members of the public to disregard media reports about the alleged disappearance of the Anambra State-born suspect. “Evans is intact in police custody, investigations into

By Kester Kenn Klomegah A leading global aluminium producer, Russian Aluminium (RusAl), has delivered to Guinea a consignment of the world’s first registered vaccine against COVID-19 Sputnik V, as well as medical preparations and consumables for the diagnosis and treatment of COVID-19. A delegation of the Russian Foreign Ministry, as well as representatives from RusAl, arrived in Conakry with a medical cargo. The ceremony took place at the capital’s airport where 10,000 doses of the Sputnik V vaccine were delivered in the presence of the Minister of Foreign Affairs of Guinea, Ibrahima Kalil Kaba, who, on behalf of the President

By Dipo Olowookere The winning streaks witnessed in the past seven consecutive trading sessions on the floor of the Nigerian Exchange (NGX) Limited came to an end on the eighth day. On Tuesday, the local market depreciated by 0.03 per cent and the main cause of this was the banking sector as investors booked profit, especially in the tier-one lenders. At the close of transactions, the banking index went down by 0.60 per cent, while every other sector closed in green with insurance rising by 0.96 per cent, energy closing higher by 0.19 per cent, consumer goods up by 0.03

By Dipo Olowookere President of the International Civil Aviation Organization (ICAO), Mr Olumuyiwa Benard Aliu, has warned that many African hub airports, due to the more recent and effective focus on air transport liberalization, are now expected to exceed their capacity by 2020. Mr Aliu gave this warning at the Airports Council International’s (ACI’s) 2018 Africa Regional Conference held in Lagos recently. According to the ICAO Council President, the continent’s rapidly-expanding air traffic can only be sustained and optimized through the continued development and modernization of local aviation infrastructure, particularly at airports. “The industry here generates very positive impacts on