Maina Gate: Nigerian Youths Warn Critics of Dambazau

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against President Bola Tinubu over his failure to stop the former governors now serving as ministers in his administration from collecting life pensions and other retirement benefits from their states. The ministers mentioned in the suit are Mr Badaru Abubakar, Mr Nyesom Wike, Mr Bello Matawalle, Mr Adegboyega Oyetola, Mr David Umahi, Mr Simon Lalong, Mr Atiku Bagudu and Mr Ibrahim Geidam. In the suit number FHC/L/CS/1855/2023 filed last Friday at the Federal High Court in Lagos, the ministers are to be joined in the suit

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Group Plc and its subsidiaries have expressed sadness over the death of one of its founding fathers, Pa Akintola Williams. Mr Williams, a renowned chartered accountant, peacefully died in his sleep, according to his family, on Monday, September 11, 2023, at the age of 104. In a statement issued on Thursday, the NGX Group described the death of Mr Williams as a “profound loss to the Nigerian capital market” and the country. He was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange (NSE), which

Plans are already in top gear as students of the Department of Statistics, University of Ibadan, are set to mark the first homecoming/reunion event of past graduates of the department between Friday, June 7 and Saturday, June 8, 2019. The two-day program which will audaciously take place at the department complex on the campus is themed, “Homecoming event for Nation Builders and Celebration of Achievement.” The Head of Department, Dr Angela Chukwu, said the event is aimed at bringing together all alumni of the department, basically to reunite and hopefully work together with the department in supporting research, creativity and

By Dipo Olowookere One of the leading banks in Africa, the United Bank for Africa (UBA) Plc, last Friday, launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. A statement issued by the bank’s spokesman, Mr Ramon Nasir, explained that the 15 successful candidates were selected from among 200 students across tertiary institutions in Nigeria through a rigorous screening exercise in line with set criteria. The colourful inauguration ceremony was held at the UBA house in Lagos with the Deputy Managing Director of the firm, Mr Victor Osadolor, and other senior

By Modupe Gbadeyanka Largest US electronic brokerage firm by number of daily average revenue trades, Interactive Brokers Group, has expressed its intention to join the Tel Aviv Stock Exchange (TASE) through its Interactive Brokers UK subsidiary as a remote member. The firm is an automated global electronic broker that serves more than 449,000 clients worldwide and operates on more than 120 exchanges. Chief Operating Officer at Interactive Brokers, Mr Jon Chait, commented that, “We are delighted to join the Tel Aviv Stock Exchange. We believe IB’s international scope provides opportunities for investors to efficiently and cost effectively access smaller markets

By Adedapo Adesanya Nigerians were thrown into a fit of worry when Barter card, the virtual dollar card service from a Nigerian fintech company on Sunday, July 17, 2022, became unavailable to users. The company in a mail said the shut down of the service was “due to an update from our card partner, which will cause the card service to be unavailable for an extended period of time.” This meant that Nigerians using the service are now unable to make online payments and purchases using the Barter virtual dollar card. They will also be unable to fund existing virtual

By Adedapo Adesanya  Ecobank has partnered with Microsoft, LinkedIn, GitHub and Ecobank Academy to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa. This training will provide SMEs with digital skills and knowledge to succeed in today’s digital world. They will be trained on  – Customer Services; Digital Marketing; Financial Analysis; Graphic Design; IT Support/Help Desk; Project Management; Sales; Data Analysis; IT Administration; and Software Development. According to the organisers, SMEs have been significantly impacted by the COVID-19 pandemic with its attendant lockdowns and disruptions to supply chains, plummeting sales, lost revenue and operational challenges. As feedback

By Modupe Gbadeyanka The need for businesses and individuals to transact across regions, especially at a time when mobile money is burgeoning at increasing rates on the continent, has spurred MFS Africa and EziPay to form a partnership to ease remittances across Africa. EziPay is an award-winning, intra-African, cross-border remittances and digital wallet company determined to make financial transactions seamless. On its part, MFS Africa is the continent’s leading digital payments gateway, created to bring last-mile connectivity for remittances and collections to and from mobile money wallets and bank accounts on the continent. “At MFS Africa, it has always been

By Dipo Olowookere One of the leading indigenous oil and gas firms, Seplat Energy Plc, has released the exchange rate conversion for the payment of the interim dividend the board recorded for the first quarter of 2022. In a notice signed by its Chief Financial Officer (CFO), Mr Emeka Onwuka, it was stated that the Dollar exchange rate is N418.77, while the USD to Pound Sterling exchange rate is £0.7920. Last month, when it released its earnings for the first three months of this year, the energy company offered to pay shareholders an interim dividend of 2.5 cents. Seplat trades

By Modupe Gbadeyanka Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, has been directed to commence the process of review and replacement of those recently appointed into boards of federal government’s agencies. This directive was given by President Muhammadu Buhari following criticism that trailed the appointment of dead people into boards. In a chat with Punch, Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, said the SFG is to scrutinise the list and ensure it was free of controversy. According to Mr Shehu, apart from the dead persons, those who have left