Load Shedding in Magboro, Ibafo, Others Temporary—IBEDC

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 Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

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 Adedapo Adesanya The Yobe State Government has partnered with the European Union (EU) to empower 5,321 youths on entrepreneurial skills across the 17 local government areas of the state, which is part of a significant intervention initiative meant for states affected by the Boko Haram insurgency. Flagging off the programme in Damaturu, the Yobe State Commissioner for Youths, Sports and Social Development, Mr Goni Bukar Lawan, said the state government in collaboration with the EU had concluded arrangements to train and empower the state youths on various skills acquisition programmes. Represented by the Permanent Secretary of the ministry, Mr

By Modupe Gbadeyanka A $2billion tripartite Memorandum of Understanding (MoU) has been signed by the Federal Mortgage Bank of Nigeria (FMBN) with Real Estate Developers Association of Nigeria (REDAN) and Shelter Afrique. Acting Managing Director of FMBN, Mr Richard Esin, explained at the weekend that the deal was in recognition of the opportunities that would arise from the launch of a National Housing Model. He explained that the agreement involves a commitment by Shelter Afrique to provide the sum of $2 billion towards housing provision in Nigeria. According to him, “The objective of the strategic collaboration is to harness each

By Modupe Gbadeyanka Some cloned made in Nigeria substandard electrical cables were recently intercepted by officials of the Standards Organisation of Nigeria (SON) in the Ajangbadi area of Lagos State. The seized products were worth over N8 billion, according to the standard’s agency. The cables were cloned versions of 20 popular Nigerian brands and shipped from China into the country. They were discovered in two residential buildings in the area following a tip off. Director-General of SON, Mr Osita Aboloma, while conducting journalists round the premises on Monday, noted that the cables were imported by one Estobest Electrical Limited, adding

By Adedapo Adesanya Nigeria’s Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, has promised to attract more investments into the country with a determination to promote a business-friendly environment for indigenous businesses to grow. This followed her assumption of duty on Monday in Abuja after being sworn in by President Bola Tinubu, where the Permanent Secretary, Mrs Evelyn Ngige, and the directors in the ministry received her. According to the medical doctor turned career banker, under her direction, she will ensure the creation of jobs, more employment, lifting of people above the poverty line, and ensuring that small and

By Adedapo Adesanya Nigeria, through the Small and Medium Development Agency (SMEDAN) and the Standards Organisation of Nigeria (SON), and Cameroon, via the Small and Medium Enterprise Promotion Agency (SMEPA) and the Standards and Quality Agency (ANOR), have agreed to strengthen trade relationship to enhance free flow of goods and services using the Micro, Small and Medium Enterprises (MSMEs) of both countries to achieve these. This followed a working visit of SMEPA representatives to SON Corporate Headquarters led by officials of the SMEDAN as part of a study tour to Nigeria. Dr Friday Okpara, Director, Policy, Partnership and Coordination, SMEDAN,

By Aduragbemi Omiyale A final and binding judgement has been delivered by a Federal High Court in Abuja, directing Seplat Energy Plc to proceed with its Annual General Meeting (AGM) today, Wednesday, May 10, 2023. The judgement was given in the case involving Akinnifesi & Adelaja and Seplat Energy with suit number FHC/ABJ/PET/7/2023. The energy company is having the AGM today by 11 am, and the court had ordered that no current or former directors, shareholders or officers of the company should cancel or postpone the meeting. “Seplat Energy announces that the Federal High Court, per A.R. Mohammed J, sitting

As part of its strategy to foster the development of the Nigerian Derivatives Market, FMDQ launched the Derivatives Market Development Project to facilitate the introduction of a standardised Derivatives Market in the Nigerian financial market. In line with its mission to empower the financial markets to be innovative and credible in support of the Nigerian economy and to enhance capacity of its market participants, the securities exchange commenced a Derivatives Market Training Series delivered by its Academy. These bespoke trainings, directed at different segments and participants of the Nigerian financial markets, are designed to address the diverse interests represented in

By Adedapo Adesanya The federal government has disclosed that the construction of the Bonny Deep Seaport will kick off before the end of the year. It said the project will run concurrently with the construction of the Port Harcourt-Maiduguri rail line, which also extends to the seaport. The seaport, when completed, will make the country a maritime hub in Africa or the West African sub-region as it will have a capacity of handling about 500,000 twenty-foot equivalent unit containers, the Minister of Transportation, Mr Rotimi Amaechi, said while inspecting the site for construction of the proposed deep seaport in Bonny,