Mediterranean Migrant Arrivals Hit 350,573

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 Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Adedapo Adesanya President Bola Ahmed Tinubu on Tuesday ordered an investigation after the army acknowledged one of its drones accidentally struck Tudun Biri village as residents were celebrating a Muslim festival. The army did not give any casualty figures, but residents claimed 85 of them, who were mainly women and children, died in the attack, which has sparked public outrage. On its part, Amnesty International’s Nigeria office said 120 people were killed in the attack, citing reports of its workers and volunteers in the area. But the North-West zonal spokesperson of the National Emergency Management Agency (NEMA), Mrs Halima

By Philip Odiakose In today’s rapidly evolving digital landscape, effective public relations strategies are more critical than ever for maintaining a strong brand presence and reputation. One indispensable tool that PR agencies can offer to clients is media monitoring and intelligence. This sophisticated resource empowers businesses to stay ahead of their competition, adapt swiftly to changing trends, and make data-driven decisions. In this article, we delve into the art of pitching media monitoring and intelligence services to clients, showcasing the value it brings to the table. Understanding the Basics Before diving into the pitch, it’s essential to have a clear

By Dipo Olowookere Renewed bargain hunting at the Nigerian Stock Exchange (NSE) on Friday lifted the market capitalisation by 0.57 percent. The total value of stocks on the exchange increased by N67 billion yesterday to N11.778 trillion from N11.711 trillion. Also, the All-Share Index (ASI) increased at the trading day by 128.59 basis points to 22,599.38 basis points from 22,470.79 basis points. Furthermore, the market breadth closed positive with 16 price gainers over 14 prices losers, with MTN Nigeria the biggest price gainer, appreciating by N4 to close at N104 per unit, while Cadbury Nigeria gained 55 kobo to sell

By Adedapo Adesanya Ecobank Nigeria Academy, after the first year of its establishment, has been ranked as one of the best banking training institutes in the country, according to the Chartered Institute of Bankers of Nigeria (CIBN). This was at its award ceremony as part of its 13th Annual Banking and Finance Conference in Abuja last week. CIBN, the umbrella body of all employees of financial institutions in the country, announced Ecobank Nigeria Academy as the third-best among all the banks in the country. Since the accreditation of the state-of-the-art Ecobank Nigeria Academy in August 2019, it has served as

By Adedapo Adesanya Leading crypto exchange, Bitfinex, has announced the listing of the Prema token or PRMX as it is known by its ticker, a utility token that acts as the native token within the Prema platform. The listing will help drive Prema’s strategy to build out its tech around the ability to link blockchain-based Web3 digital collectibles in the form of NFTs to tangible items in the real world. It has a limited supply of 100 Billion PRMX tokens, which are the primary utility token for minting NFTs, creating marketplaces, interacting across chains, on-chain governance, fees, and payments within

By Dipo Olowookere Nigeria has been confirmed as host of the Africa Silver Cup 2019 Pool A Tournament taking place in June. Rugby Africa, the regulatory body for the game in Africa, said the tournament will take place in the city of Lagos. During the competition fixed for June 6 to 17, 2019, Nigeria will play host to Madagascar, Botswana and Ghana. With this development, Nigeria will use this huge opportunity to greatly increase Rugby’s awareness in the country. According to the schedule for the tourney, Cote d’Ivoire will play host Senegal, Mauritius and Rwanda in Pool B from June

By Adedapo Adesanya The foreign exchange (forex) crisis in Nigeria is again affecting the performance of the Naira with its peers at the Investors and Exporters (I&E) segment. This is because after losing N1.33 against the United States Dollar on Wednesday, it further depreciated by N1.17 or 0.28 per cent on Thursday to close at N419.50/$1 in contrast to the N418.33/$1 it was traded at the previous session. The inability of the country to take advantage of the rising prices of crude oil to earn more foreign earnings is contributing to the FX supply crunch in Nigeria. With forex traders

By Modupe Gbadeyanka Latest data from Central Bank of Kenya has shown that Kenyans moved a record $33 billion via mobile money platforms such as Safaricom, Airtel or Mobikash in 2016, up from $27.8 billion from the previous year. However, Nigerians moved N756 billion or $2.4 billion in the same period under review, though Nigeria surpassed Kenya using other electronic platforms. It was gathered that despite the economic downturn in Nigeria last year, over N56 trillion, about $177 billion was moved through the electronic channels in the Nigerian financial system. The surge in mobile money transactions in Kenya by about