Lagos Unveils Housing Policy For Masses

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

By Bliss Okperan The Tincan Island Port (TCIP) Command of the Nigeria Customs Service (NCS) has created a mobile application to automate its bond and license unit, Transire. At the unveiling of the app on Thursday, the Customs Area Controller, Comptroller Dera Nnadi, said the need to automate the Bond and License Unit had become imperative for administrative and procedural ease of doing business in the command. Speaking at a sensitization program on the automation process, Mr Nnadi informed participants that the application was developed by Superintendent of Customs Samuel Bello, to reduce the volumes of documents being deployed in

By Adedapo Adesanya A new report has shown that amid a drive for digitalization, a total of $706,452 has been paid in ransom to cybercriminals by Nigerian businesses. According to Sophos, in The State of Ransomware 2022 report, Industrial Control Safety Systems (ICSS) in critical infrastructure are increasingly exposed to cyber-attacks because of the digitization drive of the industry. The report showed that as supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and other control systems become connected to the Internet to allow greater business efficiency (remote process monitoring, system maintenance, process control, and production data analysis)-Industry

By Modupe Gbadeyanka National Publicity Secretary of the Social Democratic Party (SDP), Princess Marian Tolofari, has resigned from the group. Princess Tolofari confirmed her resignation in a letter made available to journalists in Port Harcourt, Rivers State. According to her, the resignation and defection to the ruling All Progressives Congress (APC) is with immediate effect. “This to inform the general public and the leadership of the Social Democratic Party (SDP) of my resignation from my position as the National Publicity Secretary of the SDP and my exit from the party. “This resignation and defection is with immediate effect,” part of

By Modupe Gbadeyanka London-based digital money transfer provider, SimbaPay, on Monday announced the launch of its money transfer service to Ghana and Uganda. Using the SimbaPay app or website, Ghanaians and Ugandans living in Europe can now send money to mobile phones in Ghana or Uganda instantly. “This is the perfect Christmas gift to Ghanaians and Ugandans living in Europe who have been asking when SimbaPay will expand coverage to their home countries” said Nyasinga Onyancha, CEO for SimbaPay. “By delivering money via existing mobile money wallet services, many recipients who previously could not access formal financial services can now

By Investors Hub Asian stocks gave up early gains to end mostly lower on Thursday, as worries about the escalating Washington-Beijing trade war overshadowed investor optimism about the NAFTA trade talks. Chinese shares extended losses for a third straight session as trade fears lingered and investors awaited cues from manufacturing data due on Friday. The benchmark Shanghai Composite Index fell 31.56 points or 1.1 percent to 2,737.74, while Hong Kong’s Hang Seng Index dropped 252.39 points or 0.9 percent to 28,164.05. Japanese shares gave up initial gains to end roughly flat. The Nikkei 225 Index hit a more than three-month

By Dipo Olowookere Deposit Money Banks operating in Nigeria have been directed by Federal Government to release information of their customers to tax officials in a bid to punish those fail to pay the appropriate taxes to government’s coffers. The details will include income and assets of their customers, especially those of over 12,000 high net worth individuals, who are either not paying taxes or have been underpaying. The information would be made available to tax authorities under the Common Reporting Standard (CRS) scheme Nigeria signed up to in August 2017. The CRS is similar to the United States Foreign

By Investors Hub The major U.S. index futures are pointing to a higher opening on Monday, with stocks poised to add to the gains posted last week. Stocks may benefit from optimism about the outlook for Republican tax reform, which would cut corporate and individual tax rates. ?The House and Senate have agreed to a unified tax plan, and we will deliver it to the President?s desk just in time for Christmas,? said House Majority Leader Kevin McCarthy, R-Calif. He added, ?We have been working toward this for years, and now the American people are closer to a plan that

By Investors Hub The major U.S. index futures are pointing to a modestly higher opening on Wednesday following the mixed performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of the Federal Reserve?s monetary policy announcement this afternoon. With the Fed widely expected to raise interest rates by a quarter point, traders are likely to keep a close eye on the accompanying statement as well as outgoing Fed Chair Janet Yellen?s press conference for clues about the outlook for future rate hikes. Stocks turned mixed over the course of the trading session on Tuesday,

By Dipo Olowookere Federal Government has expressed its willingness and readiness to work together with the Institute of Security Studies, Abuja in relevant areas of capacity building for agro-investment security. This disclosure was made by the Minister of Agriculture and Rural Development, Mr Audu Ogbeh on Tuesday when he received course participants representing security agencies and practitioners from within and outside Nigeria, and members of faculty, who paid him a courtesy visit in his office in Abuja. The delegation, led by the institute’s Deputy Director of Studies, Dr Abdulwahab Wale, was made up of participants enrolled in this year’s course,