Lagos Urges Residents Not to Panic as Okada Ban Takes Effect

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has written to the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds which may include loans obtained from the institution. In the letter dated November 25, 2023, the group specifically wants the bank’s President, Mr Ajay Banga, “to promptly, transparently and effectively conduct an investigation into the spending of loans and other facilities by the country’s 36 state governors and to suspend any loans and funding if there is relevant admissible evidence of mismanagement or diversion of public funds by any of

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) and five university students have filed a lawsuit against President Muhammadu Buhari over the refusal by the federal government to “meet ASUU’s demands, which has occasioned the prolonged strike action and violated the students’ right to quality education.” Joined in the suit as Defendants are the Minister of Labour, Employment and Productivity, Chris Ngige; and Attorney-General of the Federation and Minister of Justice, Abubakar Malami. The suit followed the perceived lack of commitment by the federal government to implement the agreements with the Academic Staff Union of Universities (ASUU) and to

The Federal Government has approved the use of barcode in Nigerian movies and music as a measure to protect intellectual properties from undue exploitation. Minister of Information and Culture, Alhaji Lai Mohammed, gave this endorsement on Friday in Abuja when he received the Caretaker Committee of the Performing Musicians Employers Association of Nigeria (PMAN) led by its president, Pretty Okafor. The Minister, who was responding to a request to that effect by PMAN, advised the association to also liaise with the Broadcasting Organisation of Nigeria (BON), the Nigerian Copyright Commission (NCC) and other regulatory bodies to ensure the success of

By Modupe Gbadeyanka An investigation has been ordered into implementation of the $1 billion Ogoni land clean-up exercise launched in 2016 by President Muhammadu Buhari. The Senate, at its plenary on Tuesday, directed its Committee on Environment to uncover why the clean-up has not commenced as promised. Chairman of the Senate Committee on Environment, Mrs Oluremi Tinubu, in a motion today, expressed shock that since the launch of the exercise last year, nothing had been done in Ogoni land, Rivers State, as regards the clean-up, which was launched amid fanfare. She said if the exercise was taken seriously, there would

Managing Editor of Lagos Post Online, Mr Damilare Bankole, has announced the revamping of the digital news platform. Mr Bankole said the transformation was carried out so as to meet the demands of readers in terms of wider information gathering and dissemination of vital investigative information to the general populace. According to him, the new Lagos Post Online is being handled and managed by versatile and experience journalists with decades of experience in journalism. He said these sets of media gurus have worked in various notable dailies and traversed across the country with global touch and ideas. The pen-pusher further

By Dipo Olowookere Baristas Coffee Company (BCCI) has announced introducing two new products to accompany its top selling Baristas White Coffee single serve cups as a result of strong sales. A statement issued by the firm said that the new products that will join Baristas White Coffee and Espresso roast cups are the Ground White Coffee and a High-End Coffee Based Morning Moisturizer. New TV and radio spots have begun being created specifically to drive traffic to Baristas’ new distribution partners both online and in retail establishments. The spots will begin running on major networks during the Christmas rush and

By Adedapo Adesanya   The prices of food rose globally for the third consecutive month in August, led by coarse grains, vegetable oils and sugar, the United Nations food agency, the Food and Agriculture Organisation (FAO), revealed on Thursday. The FAO food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 96.1 points last month versus 94.3 points in July. The Rome-based agency also said in a statement that worldwide cereal harvests remained on course to hit an annual record in 2020. In a breakdown, the agency noted that cereal price

By Dipo Olowookere A luxury denim brand known as True Religion has partnered with leading football outfit, Manchester United of England, to launch a range of premium club branded denim wear. A first for the club, the new global partnership with the iconic American denim brand will see a range of men’s and women’s co-branded styles go on sale beginning from October 26, 2018 in the club’s Megastore as well as online via United Direct and truereligion.com and eu.truereligion.com. The exclusive collection features jeans, shirts and jackets, including a highly desirable limited edition denim jacket embroidered with the club’s crest.

By Adedapo Adesanya Brent crude dropped $1.38 or 1.5 per cent on Tuesday to $90.62 per barrel as the United States Dollar stayed strong and investors anticipated more central bank interest-rate hikes. Also, the West Texas Intermediate crude (WTI) depreciated by $1.28 during the session to $84.45 per barrel as the market awaits the Federal Reserve to raise the interest rate by another 75 basis points on Wednesday to curb inflation. Those expectations weigh on equities, often moving in tandem with oil prices. Other central banks, including the Bank of England, meet this week as well. Yesterday, the Swedish central