Lagos Sunday Fire Triggered by Gas Explosion–NNPC

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

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 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 Adedapo Adesanya  The Organisation of the Petroleum Exporting Countries (OPEC) has said its members, including Nigeria, will continue to see demand for crude oil continue to grow for the next two decades despite mounting efforts to limit climate change. In the cartel’s 2023 annual report released on Monday, it predicted that demand for crude to reach 116 million barrels per day by 2045 under its main scenario, a 16.5 per cent increase from the 99.4 million barrels per day in 2022. That is an increase of 6 million barrels per day from its estimate last year. According to the

By Modupe Gbadeyanka The sum of N13.08 trillion (approximately N13.1 trillion) has been approved for the 2021 fiscal year by the Federal Executive Council (FEC). The approval was given at the virtual weekly FEC meeting held in Abuja on Wednesday and presided over by President Muhammadu Buhari, with his vice, Mr Yemi Osinbajo, in attendance and some Ministers. This amount is more than the earlier aggregate expenditure of N12.66 trillion estimated for next year in the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) published by the budget office. The Minister of Finance, Budget and National Planning, Mrs

By Modupe Gbadeyanka The Oyo State government has announced the downward review of the mandatory tax clearance fee for the convenience of residents. The Commissioner for Lands, Housing and Urban Development, Mr Emmanuel Olusegun Olayiwola, disclosed this while speaking with reporters in Ibadan on Thursday. He stated that 11 Local Government Areas in Ibadan under the first category would be required to pay N50,600 as tax and development fees instead of the initial payment of N120,000. The Commissioner further disclosed that residents of Oyo East Local Government, Oyo West Local Government, Atiba Local Government, Ogbomoso South Local Government, Ogbomoso North

By Modupe Gbadeyanka Five hundred African Young Entrepreneurs have been empowered by Africa’s Young Entrepreneurs Empowerment Nigeria (AYEEN), an organisation famous for investing in young Africans. The beneficiaries were drawn from states of the federation and beyond and were given their awards at a ceremony. The 500 lucky entrepreneurs were charged to see themselves as worthy ambassadors of Africa and ensure they use their awards to better the society. AYEEN has demonstrated its dedication to developing the next generation of outstanding African Entrepreneurs who will shape the economies and political landscape of their home countries, a reason for empowering these

By Modupe Gbadeyanka Diamond Bank has recorded two significant milestones in its digital banking drive with the signing up of a record two million subscribers each on its flagship mobile banking app –Diamond Mobile app, and its Diamond Y’ello account. In a statement made available to Business Post on Wednesday in Lagos by the Bank, Head, Retail Banking Businesses, Mr Robert Giles, the lender attributed the record milestones to its digital innovation and quest to provide customers with convenient banking services. Mr Giles said, “In January 2016, we recorded the one millionth Diamond Mobile app customer having launched the app

On Friday, June 14, 2019, about 91 top performing students from 46 schools in Nigeria received 125 Outstanding Cambridge Learner Awards following their outstanding performance in the November 2017 and June 2018 Cambridge exams series. The event, which took place at the Civic Centre in Lagos, was hosted by Cambridge International and the British Council. The awards covered various subjects taken in Cambridge IGCSEs, Cambridge O Levels and Cambridge International AS & A Levels. The top achievers included three ‘Top in World’ category winners: Omoshemi Favour Oloriegbe from The Childville Senior for Cambridge IGCSE Sociology in the June 2018 exam

By Modupe Gbadeyanka The need to expand the country’s tax net and generate more revenue for the government has forced the Federal Inland Revenue Service (FIRS) to design a scheme for the collection and remittance of value-added tax (VAT). Nigeria charges 7.5 per cent as VAT on goods and services, but one challenge it has faced before now is the collection of these earnings from the informal sector. To make the collection and remittance seamless, FIRS has partnered with the Market Traders Association of Nigeria (MATAN). The tax body said MATAN has a membership of well over 40 million traders

By Modupe Gbadeyanka Leading electronics firm, Samsung, will be showcasing the latest range of products at the 8th Annual Samsung Africa Forum happening at the Cape Town International Convention Centre this week. With the expected continuous growth of this market in 2017, Samsung Electronics aims to lead the continent’s development in the consumer electronics space. The Samsung Africa Forum 2017 is the ideal platform to demonstrate Samsung’s smart technology, products and design for the year ahead, as well as highlight the company’s commitment and unifying vision to its African partners and media. “Africa is a vital part of Samsung’s global