Lagos State Eyes Development of 30 Communities

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Modupe Gbadeyanka A socio-political group known as Save Enugu Group has congratulated Governor Peter Mbah of Enugu State on his recent Supreme Court victory. The organisation described the victory as well-deserved, urging politicians in the state to join forces with the governor to move the state forward. Last Friday, the country’s apex court dismissed an appeal filed by the candidate of the All Progressives Congress (APC) in the governorship election in the state, Mr Uche Nnaji. The opposition party challenged the victory of Mr Mbah of the Peoples Democratic Party (PDP) in the March 18, 2023, gubernatorial poll, asking

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Adedapo Adesanya Crude oil edged lower on Thursday as investors took profits after two days of gains spurred by tightening supply amid an expected recovery in demand. Data showed that the Brent crude lost 96 cents or 0.81 per cent to trade at $83.86 per barrel, while the United States West Texas Intermediate (WTI) crude fell by $1.40 or 1.16 per cent to sell at $81.48 per barrel. Prices soared more than 50 per cent in 2021 and some analysts expect the rally to continue, forecasting that low production capacity and limited investment could lift crude up to $100

By Adedapo Adesanya FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) were the toast of investors at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, May 6, extending the stay of the bulls by 0.38 per cent at the close of transactions. This meant that for all the three trading sessions this week, the unlisted securities market closed in the green territory. The market did not operate on the first two days of this week as a result of the public holidays declared by the federal government on Monday and Tuesday for Workers’ Day and Eid Mubarak.

By Adedapo Adesanya The Nigerian Stock Exchange (NSE) has officially announced the appointment of multi-award winning artiste, Innocent Ujah Idibia popularly known as ‘2face Idibia’ or recently, 2Baba, as its Good Cause Ambassador. 2Baba’s appointment was disclosed at an unveiling ceremony held on Tuesday, August 6, 2019, at the Stock Exchange in Lagos and witnessed by some members of the investing community. Speaking at the event to commemorate the announcement, Chief Executive Officer of the NSE, Mr. Oscar Onyema, stated that the exchange was pleased to welcome the musician as its first Good Cause Ambassador. According to Mr Onyema, 2Baba’s

By Modupe Gbadeyanka All seems not to be well with a Nigerian pop star, Mr Dapo Oyebanjo, popularly known as D’Banj, as there are reports that he is being held in the custody of the Independent Corrupt Practices and other Related Offences Commission (ICPC). In a report by Premium Times, which has not been independently verified by Business Post, it was alleged that the entertainer was detained for fraud involving the N-Power project. The government came up with this scheme in 2016, just a year after President Muhammadu Buhari assumed office, to provide short-term jobs for youths in the country,

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has revealed that two special mission aircraft in the deep blue project fleet of the agency will be deployed to fight oil theft and protect the nation’s economy. This was disclosed by Mr Bashir Jamoh, Director-General of the agency while speaking at the recently held 16th edition of the Maritime Seminar for Judges organised by the Nigerian Shippers’ Council (NSC). Mr Jamoh described oil theft, pipeline vandalism, and illegal refining as unlawful activities capable of threatening the economic and environmental well-being of the country. He said the small aeroplanes

By Dipo Olowookere Foremost digital payments start in Nigeria, Paga, has received a huge funding package that would enable it spread its tentacles across the global to give leading players in the industry like PayPal, M-Pesa, Alipay, Payoneer and others a run for their money. Chief executive of Paga, Mr Tayo Oviosu, confirmed to TechCrunch at Disrupt San Francisco, USA, the firm has secured $10 million from Global Innovation Fund and other investors interested in the company. With the funds, Paga is already planning to begin operations in Ethiopia, Mexico, and the Philippines, giving it presence in Africa, America and

By Modupe Gbadeyanka Desert Gold Ventures Inc has announced closing its private placement, noting that it issued 2,860,800 units at a price of CAD$0.25 per unit, raising gross proceeds of CAD$715,200. Securities issued resulting from this private placement will be subject to a statutory hold period. However, the private placement is subject to approval by the TSX Venture Exchange. Also, Sodinaf International SA has become financial and strategic partner in Western Africa and Mr Salif Keita is appointed to the position of Vice President of Operations, West Africa. Desert Gold outlines $1.5 million exploration program for its gold exploration portfolio

By Modupe Gbadeyanka A loss of concentration by Chilean centre defender, Marcelo Alfonso Díaz, gifted Germany the 2017 FIFA Confederations Cup in Saint Petersburg, Russia, on Sunday night. His momentary lapse in concentration made German forward, Timo Werner, steal the ball from him before passing it to his teammate, Lars Stindl, who had no trouble putting the ball behind the empty net in the 20th minute. Before the goat at the Saint Petersburg Stadium, the South American had outclassed the young Germans, but that slight error was what the European team needed to lift the trophy for the first time