MSF Fumes over Aerial Bombing of IDP Camp in Borno

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Adedapo Adesanya Pension Fund Administrators (PFAs) have been directed by the National Pension Commission (PenCom) to implement the second phase of the pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS). The pension regulator disclosed this in a statement signed by Mr Peter Aghahowa, in Abuja, adding that the exercise is for CPS retirees who have accumulated significant growth in their Retirement Savings Accounts (RSAs). It was also disclosed that the scheme was eligible for people who retired between July 2007 and December 2017. PenCom also urged the retirees to contact their respective PFAs to

By Taiwo Omilani The Lagos Chamber of Commerce and Industry (LCCI), will hold a national workshop focusing on the transportation industry with the theme ‘Capacity Building in the Transport Industry Vis-à-Vis the Railway, Maritime and Aviation Sub-sectors.’ This was contained in a statement signed by the Director General of LCCI, Mr Muda Yusuf. “The workshop will create a platform for relevant stakeholders to address and exchange views on the dearth of skilled manpower in the transportation sub-sectors,” Mr Yusuf explained in the statement. According to him, the theme of the workshop will be addressed by leading stakeholders in the industry

By Adedoyin Giwa From improving sales volume to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that e-commerce is opening up the Nigerian economy at an impressive rate. Thriving on a digital economy platform, e-commerce boasts an incredible level of cost-efficiency of connecting sellers with buyers, which makes it a potent tool for business growth, especially for SMEs. Interestingly, the unfolding relevance and inherent benefit of the e-commerce ecosystem is beginning to attract the interest of relevant stakeholders. Recently, the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emiefiele, stated that

By Adedapo Adesanya The Department of Petroleum Resources (DPR) has given fuel station owners in Lagos till the end of September 2021 to renew and regularise their operating licences, warning that it would shut unlicensed gas and petrol stations after the deadline. This was disclosed by the zonal operations controller of the agency, Mr Ayorinde Cardoso, in Lagos. He said the fuel stations have from July to September to have their papers. According to him, the three months window was to allow them to renew their liceces following interventions by industry stakeholders. A DPR task force had recently shut down

By Investors Hub European stocks have moved higher on Friday as solid economic data from Germany and the U.K. helped ease concerns over growth and investors remained hopeful of a breakthrough in U.S.-China trade talks. While the German DAX Index has climbed by 0.6 percent, the French CAC 40 Index is up by 0.4 percent and the U.K.?s FTSE 100 Index is up by 0.2 percent. Swiss engineering firm ABB has moved notably higher after its Power Grids business won a triple digit million-euro order from the Aibel/Keppel FELS consortium. Altice Europe has also shown a strong move to the

By Modupe Gbadeyanka Nedbank has reduced its stake in the sub-Saharan financial institution, Ecobank from 4 billion rand ($308 million) from 7.8 billion rand, the South African lender said in a statement issued on Tuesday. Ecobank Transnational Inc’s operations in central and west Africa are exposed to some economies that have been pressured by the commodity price slide and unfavourable currency swings since Nedbank bought a 20 percent stake for $500 million in 2014. The South African firm booked a $293 million writedown on the value of its stake in Ecobank on Tuesday and reported its slowest growth in annual

By Dipo Olowookere The Chief Executive Officer of Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has made a case for a digitally inclusive capital market structure. He argued that this would save time and resources, sustain a symbiotic relationship and strengthen partnerships among stakeholders. Speaking at a webinar organised by the Securities and Exchange Commission (SEC) themed Digital platforms: A new frontier for capital market inclusion on Wednesday, June 23, 2021, Mr Popoola enjoined stakeholders in the capital market to engage deeply with new tech tools, organisations, and partners (locally and globally). He noted that the exchange realized this early

By Onyebuchi Ememanka *Positive And Warm Body Language Are Key Desiderata Of Successful Leaders Vice, sorry, Acting President Yemi Osinbajo is an interesting man. I think he is a deep thinker. He has to be. He is not just a professor of law, he is a Senior Advocate of Nigeria. He was for several years, a university teacher and naturally will understand that the warmest teachers teach better. When students feel relaxed with a particular teacher, the tendency that they will understand him better is very high. We all went to school and we know this is true. Being warm