Lagos Suspends All State Activities for Three Days

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

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 House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Modupe Gbadeyanka Pan-African financial services group, United Bank for Africa Plc, has once again made an addition to its growing list of enviable laurels as it was named Africa’s best bank in the Digital category at the prestigious Euromoney awards in London. This further lends credence to UBA’s dominance in the digital banking space. The Euromoney awards ceremony which was held on Wednesday, July 11, 2018 covers more than 20 global product categories, best-in-class awards and the best banks in over 100 countries around the world, recognising institutions that have demonstrated leadership, innovation, and momentum in the markets in

By Okechukwu Keshi Ukegbu Late fiery human rights activist, Gani Fawehinmi, aptly captured how selective dispensation of justice, especially those involving corruption is. “When the poor, the lowly and the weak transgress the law of the land, the fullest weight of the law through its punitive mechanism is crushingly brought to bear on them; but when the powerful, the mighty and the rich offend the laws of the nation, they do so without the wildest punitive reaction of the enforcers and dispensers of the law.” What we have succeeded in raising are super personalities. Whether super cops, super politicians, or

By Adedapo Adesanya Securities worth N6.1 million were transacted on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Friday, February 21, higher than the N4.7 million shares traded on Thursday. The indicated that the value of transactions recorded at the trading session went up by 31.44 percent or N1.4 million. However, the volume of stocks transacted by investors reduced yesterday by 68.70 percent or 183,375 units to 83,533 units from 266,908 units, while the number of deals executed by market participants decreased by 54.55 percent or six deals to five deals in contrast to 11 deals achieved on

By Dipo Olowookere The last trading session of this week ended positive as investors continue to select some equities selling at very low prices at the market. At the close of Thursday’s session, the Nigerian Stock Exchange (NSE) appreciated by 1.47 percent, shrinking the year-to-date loss to 20.33 percent. The positive performance of the bourse was boosted by stocks in the banking, consumer goods, energy and insurance sectors as their respective performance indicators closed higher by 3.96 percent, 5.03 percent, 1.36 percent and 0.32 percent. Only the industrial goods counter closed bearish by 0.57 percent. Business Post reports that the

By Aduragbemi Omiyale The federal government has said it should be praised for keeping the Nigerian economy on the growth path despite the “very, very difficult circumstances” caused by low revenue, inflation, COVID-19 and others. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, while addressing reporters in Abuja on Wednesday after the weekly Federal Executive Council (FEC) meeting, said the decline in earnings from the sale of crude oil affected the pool of funds available for the government to perform optimally. She said despite this challenge, the administration of President Muhammadu Buhari has been able to provide

By Adedapo Adesanya Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has opposed the observation put forth by the International Monetary Fund (IMF) that restrictions placed by the federal government on foreign exchange on some items was impeding the flow of Foreign Direct Investments (FDIs) into Nigeria. The CBN chief made his stance known on Sunday while briefing journalists on the sidelines at the 2019 IMF and World Bank Annual Meetings in Washington DC., the United States. He said that the IMF stance on FDIs being affected by goods that could be produced locally as a result of

NEC XON is creating three new Cyber Defence Operations Centres (CDOC) in Africa, in addition to the existing facilities in South Africa. A statement issued by the firm disclosed that the cyber facilities would be sited in Nigeria, Senegal and Mauritius. The new cyber security facilities form the nucleus of pan-African collaboration for sharing global threat intelligence to help African law enforcement agencies rapidly respond to attacks, help identify hackers, and help apprehend the perpetrators. Head of NEC XON’s CDOC, Mr Vernon Fryer, noted that, “These three centres form part of NEC’s global footprint of hybrid cyber security centres, complementing

The Nollywood and African Film Critics’ Awards (NAFCA) earlier billed to hold on Saturday, September 17, 2016, has now been moved to November 2016. A statement issued on Thursday by President and CEO of NAFCA Inc, Dr Victor Olatoye, disclosed that the ceremony was postponed because there are two African cultural events in Los Angeles with date overlapping with NAFCA Hollywood 2016, which he feels will cause much inconvenience to the attendees and some honourees planning to attend these prestigious awards this year. “Pursuant to constant requests by our fans to change the award month, we permanently changed the NAFCA