Lagos Shuts Down Alaba Market

By Adedapo Adesanya  Nigeria has commenced moves to refloat the moribund national shipping line with a view to targeting a $10 billion value from the global shipping market. This is the current interest of the newly created Ministry of Marine and Blue Economy headed by the Minister, Mr Adegboyega Oyetola, as he met with various maritime stakeholders with a view to charting a new course for the sustainable development of the nation’s marine sector in Lagos on Tuesday. He said that Nigeria must be ready for global competitiveness as it hopes to target the $10 billion ship charter market. According

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

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 Dipo Olowookere Transactions at the Nigerian Stock Exchange (NSE) remained bullish on Wednesday following the 0.10 percent growth post at the session. Eighteen stocks listed on the local bourse sustained the positive momentum despite the market breadth finishing negative with 19 price losers. Apart from the insurance sector, which marginally grew by 0.05 percent and the energy index, which went flat, every other sector closed negative, with banking down by 0.58 percent, consumer goods down by 0.38 percent, while the industrial goods counter fell by 0.16 percent. Business Post reports that Presco was the highest price gainer yesterday, appreciating

By Investors Hub European stocks have fallen on Tuesday, as confused signals over U.S.-China trade talks as well as a broadly weaker dollar have prompted traders to take some profits after the previous session’s rally. Italy has continued to be in focus after the country’s Prime Minister Giuseppe Conte said the revised budget would be ready in the coming hours. The British pound has jumped after a senior EU law officer said the U.K. could halt Brexit by unilaterally revoking Article 50. While the French CAC 40 Index has fallen by 0.4 percent, the U.K.?s FTSE 100 Index and the

By Modupe Gbadeyanka With headquarters in Dakar, Senegal, Ringier Africa Digital Publishing (RADP)’s Ringier Digital Marketing (RDM) Afrique & Pulse Live Afrique have now been established to serve users and clients in Senegal, Côte d’Ivoire and further countries in French-speaking Africa. Over the past years, Ringier Africa Digital Publishing, Ringier AG’s African integrated media group has grown rapidly to develop quality publishing and creative, data-driven digital marketing solutions in Africa – with offices across Sub-Saharan Africa. Its two major initiatives are on the one side its new media publisher Pulse with its mass media publications and social channels in Nigeria,

By Henry Ovie Key families in Okere-Urhobo on Monday took steps to foil the divisive and land-grabbing plan of one Louis Okumagba. They also urged the people of Delta State and the general public to discountenance the false publication by Louis Okumagba completely. “Louis Okumagba does not represent the interests of the families of Olodi, Oki and Ighogbadu of Okere-Urhobo,” they noted. Heads and members of the Olodi, Oki and Ighogbadu families of Okere-Urhobo of Warri South spoke on prejudices of some local and foreign publishers on the land opposite Don Domingo College, Warri Monday morning. Chief Gideon Okumagba, a

By Aduragbemi Omiyale A significant increase in the value of imports in the first quarter of 2021 has left Nigeria with a trade deficit of N3.9 trillion. A report released by the National Bureau of Statistics (NBS) revealed that in the period under review, the country recorded a total merchandise trade of N9.8 trillion, 6.99% higher than the value recorded in Q4 of 2020 and 14.13 per cent higher than the figures in the same period of 2020. The agency stated that the export component of this trade was N2.9 trillion, representing 29.79 per cent of the total trade, while

By Modupe Gbadeyanka Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has disclosed that the Federal Government was committed to safeguarding the livelihoods of farmers across the country. Mr Ogbeh made this disclosure in his keynote address at the 2017 Farmers’ Field Day and Seed Fair organised by the National Agricultural Seeds Council (NASC) in conjunction with SEEDAN and IITA. The Minister said the event was aimed at enlightening farmers, students and other stakeholders on the benefits of using improved seeds as against the farmers “saved seeds” which is currently the prevalent practice in the rural farming communities. According

By Modupe Gbadeyanka Interswitch has integrated Google Pay into its payment gateway platform, allowing merchants to store payment details on Google Wallet for seamless transactions. Utilizing Google Pay on the Interswitch platform ensures safer transactions fortified by advanced security measures, including industry-standard tokenization, where transactions utilize a virtual card number, adding an extra layer of protection against potential fraud. In cases of misplaced devices, users can quickly safeguard their information using the Find My Device function. The partnership with Google allows the acceptance of international cards on the IPG, positioning businesses to seamlessly cater to a broader international clientele. The

By Dipo Olowookere Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde, has expressed satisfaction with the growth rate of Egypt’s economy. In a statement, Ms Lagarde said the north African country was a perfect example of how successful the policies of the global agency can assist struggling nations get back on their feet. “The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an IMF financial arrangement. “Since then, Egypt has made substantial progress as evident in the success achieved in macroeconomic stabilization. “Its growth rate is now among the