Lagos Starts Lateef Jakande Leadership Academy for Youths

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has been chosen as the best federal government agency in Digital Transformation. This recognition came from the Presidency through the Bureau of Public Service Reforms (BPSR). In a statement, it was disclosed that the Director-General of the maritime regulator, Mr Bashir Jamoh, has been nominated to receive the distinguished GovTech Trailblazers Award for his exemplary leadership. The BPSR explained that the nominees were picked from a nationwide nomination and online voting process initiated by the bureau, as well as a detailed analysis of the performance of all government MDAs

By Adedapo Adesanya The unlisted securities market was lifted on Thursday by 0.09 per cent, thanks to the duo of Geo-Fluids Plc and Industrial and General Insurance (IGI) Plc, which appreciated in price during the session. Business Post reports that Geo-Fluids Plc appreciated by 19 Kobo yesterday to close at N2.14 per share versus Wednesday’s value of N1.95 per share, while IGI Plc chalked up 1 Kobo to settle at 8 Kobo per unit, in contrast to the preceding session’s 7 Kobo per unit. As a result, the valuation of the NASD Over-the-Counter (OTC) Securities Exchange increased at the close

By Adedapo Adesanya President Muhammadu Buhari has reconstituted the boards of Nigerian Liquefied Natural Gas Limited (NLNG) and Bonny Gas Transport Limited (BGT). Following this action, the President has appointed Mr Edmund Daukoru as Chairman and President of the boards of the NLNG and BGT. Mr Daukoru will replace Mr Osobonye Longjohn. In a statement in Abuja, Minister of State for Petroleum Resources, Mr Timipre Sylva, disclosed that Mr Buhari also appointed four other individuals to the board of the NLNG and four others to the board of BGT. The other appointments to the board of the NLNG, according to

By Adedapo Adesanya Twitter has snubbed Africa’s largest economy, Nigeria, and has picked its West African neighbours, Ghana, as the preferred location for its first African office. This was disclosed in a statement on Monday by the social media giant. The opening of its office in Ghana is part of efforts to make inroads in some of the world’s fastest-growing markets. In the statement, the company noted, “We must be more immersed in the rich and vibrant communities that drive the conversations taking place every day across the African continent.” The move has come as a surprise to many as

By Aduragbemi Omiyale Nigeria is one country that has a massive infrastructural deficit and to bridge this gap, investors must be brought, but they will only be attracted if the ground is good. According to the Nigerian Integrated Infrastructure Masterplan (NIIMP) and Economic Recovery and Growth Plan (ERGP) 2017-2020, Nigeria would require the sum of $3 trillion over the next 30 years to bridge the gap. The federal government is aware of this fact and it is doing everything possible to stimulate the interests of both local and foreign investors in the nation’s infrastructure market by coming up with a

By Modupe Gbadeyanka The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed in its new report that disbursements from the Federation Account to the three tiers of government plunged by 30 percent in the first half of this year when compared to the corresponding half of last year. In a report by NEITI titled ‘FAAC Disbursements in First Half of 2016 and Possible Implications,’ which was released yesterday in Abuja, it was explained that this sharp drop in revenues may negatively impact budget implementation across the three tiers of government this year, increase the size of budget deficits, and deepen

By Adedapo Adesanya Oil and gas investment company, NDEP Plc, has proposed the payment of N7 as a final dividend to its shareholders for the 2020 financial year. This was disclosed by the company in a notice on Thursday to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its securities. The payment will be subject to the approval of shareholders at the 26th Annual General Meeting (AGM) of the company scheduled for Tuesday, June 29. According to the oil and gas investment company, its AGM will hold at 15, Babatunde Jose Road, Victoria Island, Lagos at 12:00 noon. If

By Adedapo Adesanya In the spirit of Valentine’s Day, a cybersecurity firm, Kaspersky, has advised the use of secure dating apps, noting that from a survey, with Kenya as a case study, it was discovered fraud is an increasing problem for those who use such platforms in the country. It was revealed that 29 per cent of them faced fraud attempts last year. Almost three quarters (72 per cent) of them said the fraudster tried to get money allegedly for the arrival from a remote area, and 63 per cent allegedly because of a difficult life situation. Some Kenyan users

By Adedapo Adesanya As more efforts continue to enter into making Africa a stronghold for energy, problems still persist, with over 900 million people on the continent lacking access to clean cooking solutions. Ahead of the African Energy Week (AEW) 2022 next month, the African Energy Chamber (AEC) has reiterated that strengthening the supply and distribution of products such as liquefied petroleum gas (LPG) is critical. The AEC Executive Chairman, Mr NJ Ayuk said, “In 2022, over 900 million people lack access to clean cooking solutions. This is a crisis, one that directly affects the African population and will continue