Lagos to Punish Residents Storing Petrol in Homes, Offices

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Modupe Gbadeyanka On October 1, 2023, food enthusiasts and stakeholders will gather at the Tafawa Balewa Square, Lagos to have a taste of Nigerian cuisine at an event organised by 3X4 Foods, a subsidiary of 3 BY 4 Gourmet. The founder of 3X4 Foods, Ms Banke Makinde, said the programme, Street Food Celebration, would be used to showcase the Nigerian culture, through food, to the world. She said the event would provide an opportunity to celebrate Nigeria’s culture, history, and people through street food, and promote cultural entertainment, and delicious gourmet street food. According to her, Street Food Celebration

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Dipo Olowookere On Tuesday, dozens of civilians were feared killed during an airstrike by military troops on targeted Boko Haram location in the eastern part of Borno State. Confirming this unfortunate incident to newsmen in Maiduguri, Theatre Commander of Operation Lafiya Dole, Maj. Gen Lucky Irabor, noted that the military conducted airstrike on a location where Boko Haram were reported to have gathered. He said, “We got information that Boko Haram terrorists were gathering somewhere in Kala Balge Local Government. “We coordinate our air component and strike the location but somehow, some civilians were killed.” Gen Irabor disclosed that

By Adedapo Adesanya The number of apps installed across sub-Saharan Africa increased by 55 per cent in 2020 compared with 2019, a report by AppsFlyer, a global attribution leader, has disclosed. The organisation said in its report that over 30,000 different apps recorded more than 48 billion installations in the period under review. In the report, AppsFlyer’s mobile marketing analytics noted that COVID-19 forced more people to be on their mobile devices this year, especially because of lockdown and phone users found solace in apps that enabled them to shop, play games, keep fit, stream or indulge in social networking.

By Modupe Gbadeyanka The construction of a first-of-its-kind waste gas to power plant that will generate 25MW of electricity is being planned in the Atuabo area of Ghana by General Electric and Marinus Energy. The pilot project is to capture Isopentane gas and use it as a fuel source for generating electricity in the country. The Atuabo Waste to Power Independent Power Project (Atuabo) will be the first TM2500 power plant in Sub-Saharan Africa to use Isopentane gas as a fuel source and will run on GE’s latest TM2500 gas turbines. This Isopentane gas would otherwise have been flared. “Not

By Modupe Gbadeyanka Yesterday, the overnight rate depreciated by a very small margin as the Central Bank of Nigeria (CBN) continued with its regular sale of treasury bills through the Open Market Operations (OMO). The interbank lending rate, which closed on Wednesday at 15.75 percent, stood at 15.50 percent on Thursday. In the same vein, the Open Buy Back (OBB) rate, which was at 14.83 percent on Wednesday, closed on Thursday at 14.67 percent. The slight decline occurred as the apex bank mopped up about N100 billion from the banking system. Result of the OMO auction yesterday showed that the

By Modupe Gbadeyanka A focused and result-oriented professional, Mrs Folake Soetan, has been appointed as the acting Chief Executive Officer (CEO) of Ikeja Electric Plc. The Banking and Finance graduate of the University of Lagos is taking over control of Nigeria’s largest electricity distribution company (DisCo) from Mr Anthony Youdeowei, who has been the CEO for the last four years. Mr Youdeowei came up with different transformation initiatives while at the helm of affairs at Ikeja Electric, resulting in one of the most aggressive loss reduction recorded in the sector. A statement issued by the energy firm disclosed that the

By Modupe Gbadeyanka Mr Godwin Emefiele will likely remain in office as the Governor of Central Bank of Nigeria (CBN) for another five-year term, Business Post has reliably gathered. President Muhammadu Buhari has already nominated the Delta State-born former Group Managing Director of Zenith Bank Plc for the position and according to the CBN Act, the CBN Governor must be confirmed by the Senate before his appointment can take effect. Information available to us indicated that on Wednesday, President Buhari signed a letter indicating his intention to renew the appointment of Mr Emefiele as CBN Governor for another five years.

By Modupe Gbadeyanka Investors in the Nigerian capital market on renewed confidence staked N32.042 billion on 2.737 billion shares executed in 32,217 deals during the just concluded five-day trading week. This was against the N29.180 billion spent on 3.100 billion shares the previous week, which were transacted in 33,677deals. During the week, the Financial Services Industry, measured by volume, led the activity chart with 2.189 billion shares valued at N21.792 billion traded in 18,832 deals; thus contributing 79.98 percent and 68.01 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 287.945 million shares worth

By Adedapo Adesanya Vice President Yemi Osinbajo has said that a more market-driven approach would be best for the country’s exchange rate management as it would boost confidence and inwards flows. Mr Osinbajo made this submission in his presentation at the 3rd Ministerial Performance Review Retreat for Ministers, Permanent Secretaries, and top Government Functionaries at the State House Banquet Hall, Abuja, which started on Monday. The VP, while giving his presentation, The President Muhammadu Buhari Administration: Reflections on the Journey So Far, said that there must be a synergy between fiscal and monetary policy. “The failure of that synergy has