N24trn Debt: PDP Demands Probe of Borrowings Under APC

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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 Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

Two programmes being run by the American University of Ras Al Khaimah (AURAK) have now received full ABET accreditation. The two newly accredited courses are in the School of Engineering. The prestigious Accreditation Board for Engineering and Technology (ABET) is the leading accrediting body for post-secondary academic programmes in ‘applied science, computing, engineering, and engineering technology’. The two programmes to be granted the accreditation at AURAK, the Bachelor of Science in Computer Engineering and the Bachelor of Science in Electronics and Communication Engineering, are now internationally recognized as courses of the highest quality in terms of producing graduates prepared to

By Adedapo Adesanya A Federal High Court sitting in Abuja on Friday dismissed a suit by the Attorneys-General of the 36 states of the federation against the federal government. In the suit, the states are challenging the planned deduction of $418 million from the federation account to settle debts owed consultants engaged by the states and local governments in relation to the Paris Club refunds. In his ruling, Justice Inyang Ekwo dismissed the suit in a judgement delivered on Friday, saying the attorneys-general have not shown enough evidence to accord them the right to institute the action. He held that

By Adedapo Adesanya The final trading session on the NASD over-the-counter (OTC) Securities Exchange in September 2022 ended on a positive note on Friday, with the bourse closing 0.61 per cent lower. Business Post reports that the bullish performance was buoyed by the rise in the share prices of Central Securities Clearing System (CSCS) Plc and NASD Plc. Consequently, the market capitalisation of the unlisted stock market increased by N5.83 billion to close at N968.60 billion versus Thursday’s N962.77 billion as the NASD Unlisted Securities Index (NSI) expanded by 4.44 basis points to end the day at 735.79 points as

By Ahmed Rahma A Swedish-Swiss multinational corporation, ABB, has called on governments and industries to accelerate the adoption of the technology to help combat climate change. ABB, which is headquartered in Zurich, Switzerland, revealed in its new whitepaper titled Achieving the Paris Agreement: The Vital Role of High-Efficiency Motors and Drives in Reducing Energy Consumption that there is the potential for significant energy efficiency improvements in industry and infrastructure, which can be enabled by the latest and most high-efficiency motors and variable speed drives. According to the President of ABB Motion, Morten Wierod, industrial energy efficiency has the single greatest capacity

By Dipo Olowookere Entrepreneurs in the Micro, Small and Medium Enterprises (MSMEs) sector who intend to obtained funding support to grow their businesses can now do so with ease. This is because a leading fintech lending company in Nigeria, Renmoney, has launched a new solution to make this possible. The new product allows this market segment to access credit of up to ₦4million either via Renmoney’s website, www.renmoney.com, contact centre, agent network or branches. Since inception, Renmoney focused on the employed market and has learnt a lot from this segment and used this to refine their score cards and algorithms

By Modupe Gbadeyanka Private investors have been urged to consider putting their money in the health sector as the federal government strives to attain Sustainable Development Goals (SDGs) 3 and 9 adopted by the United Nations General Assembly (UNGA) in 2015. This call was made by the Vice President of Nigeria, Mr Yemi Osinbajo (SAN), on Wednesday during the state-of-the-art Modular Healthcare Facility (MHF) launch by Alpha Mead Healthcare Management Services at Gbagada General Hospital, Gbagada, Lagos. The MHF is a customised, mobility-enhanced, prefabricated portacabin with detachable modules equipped with state-of-the-art clinical and diagnostic equipment designed to take quality healthcare

An emergency meeting has been called by authorities of the Christian Association of Nigeria (CAN) in the north to address the recent killing of Christians in the region. On Monday, eight Christians were feared dead in Talata-Mafara community in Zamfara State when a mob set the house of a man ablaze for rescuing an undergraduate, who was accused of blasphemy by some Islamic radicals. CAN accused the government for failing to stop attacks on its members, which it said was becoming rampant. Some days ago, a pastor of the Redeemed Christian Church of God (RCCG), Luka Ubangari, was killed by