Lagos Seeks Compensation for Abule Egba Fire Victims

By Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

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 The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Philip Odiakose As technology advances, media intelligence has become an increasingly important service for brands to stay ahead of the competition. One of the latest developments in this area is the application of ChatGPT, a language model developed by OpenAI, in media intelligence. ChatGPT has the ability to analyze vast amounts of data and provide insights in real time, making it an attractive tool for businesses looking to improve their media strategy. In this article, we will explore the benefits and limitations of using ChatGPT in media intelligence. ChatGPT in Media Intelligence Media intelligence is the process of collecting,

By Aduragbemi Omiyale The need for regulators in the financial industry in the country, including the Central Bank of Nigeria (CBN), to understand the crypto asset space for proper regulations has been stressed by the Securities and Exchange Commission (SEC). According to the Director-General of the SEC, Mr Lamido Yuguda, if the regulators can do this, they would be better positioned to address identified risks. Recently, the CBN ordered banks in the country to close down all accounts of individuals and companies trading cryptocurrencies. This sparked reactions from many quarters, including the National Assembly. The Senate had to summon the

By Dipo Olowookere The Manufacturers Association of Nigeria (MAN) has explained that the African Continental Free Trade Area (AfCFTA), which 44 countries have subscribed into, will lead to a massive job loss in Nigeria. Two Africa’s biggest economies, Nigeria and South Africa, have refused to sign the trade deals. At a press conference on Wednesday, President of MAN, Mr Frank Jacobs, commended the Federal Government for refusing to sign the agreement establishing AfCFTA. According to him, signing the documents will lead to gross unemployment in the country as most manufacturing companies in the country will be made to die a

Composite materials made from agricultural waste could be used to produce sustainable, lightweight and low-cost applications in the automotive and marine industries. A team of researchers, led by the University of Portsmouth, have developed a bio-composite material using date palm fibre biomass (biomass is a term that includes waste material from plants, food waste and sewage) that can be used in non-structural parts, such as car bumpers and door linings. The team also involved researchers from the University of Cambridge, INRA (Institut national de la recherche agronomique, a French public research institute dedicated to agricultural science) and University of Britanny,

By Modupe Gbadeyanka Nigeria’s most innovative banking services provider, Keystone Bank Limited, has introduced ‘Cheque Deposit’ feature in its mobile banking application, the new ‘Keystone Mobile App’. The feature, which is another first from the financial institution and in the Nigerian banking sector, enables customers to pay cheques into their accounts at their convenience through their mobile phones even with zero data. Speaking on the development, the Group Managing Director/CEO of Keystone Bank Limited, Dr Obeahon Ohiwerei, said the new feat is in demonstration of the bank’s commitment to continuously deliver superior and innovative banking solutions to its customers. “The

By Dipo Olowookere Commissioner for Finance in Kwara State, Mr Demola Banu, has disclosed that the federal allocation received by the state for the month of July 2017 increased by N1.2 billion when compared with the month of June 2017. In a statement issued in Ilorin, the state capital on Tuesday, the Commissioner said Kwara State got N3,669,988,263.89 as its share of the federal allocation for the month of July in contrast to N2,484,424,334.43 received last month. According to Mr Banu, the the sum was made up of statutory allocation of N2,892,563,436.42 and Value Added Tax (VAT) of N777,424,827.47. The

By Dipo Olowookere The Nigerian government has threatened to release list of tax defaulters in the country before the end of this month. Chairman of the Federal Inland Revenue Services (FIRS), Mr Babatunde Fowler, dropped this hint on Wednesday after the weekly Federal Executive Council (FEC) meeting held in Abuja. Mr Fowler, who was addressing newsmen on update of the Voluntary Assets Income Declaration Scheme (VAIDS), which ended on June 30, 2018, said the next step will be to release the list by the middle of July 2018. The VAIDS was launched on July 1, 2017 by Vice President Yemi

By Adedapo Adesanya The Nigerian Shippers’ Council (NSC) has disclosed that the ports would be opened during the public holidays from Good Friday April 10 through Easter Monday April 13. This was disclosed by the Executive Secretary/Chief Executive Officer (CEO) of NSC, Mr Hassan Bello, in Lagos. He said the Nigeria Customs Service (NCS) and the terminals would also operate during this period. Mr Bello urged freight forwarders, logistics providers and shippers to take advantage of this opportunity to take delivery of their cargos out of ports. “More importantly, freight forwarders are advised to use tomorrow April 9 which is