National Council of State Okays N27,000 as Minimum Wage

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

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 Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

By Dipo Olowookere The recent listing of MTN Nigeria on the Nigerian Stock Exchange (NSE) may be pushing its rival in the telecommunications sector in the country, Airtel Nigeria, to list its shares on the exchange very soon. The company indicated yesterday that it was giving this a thought and would soon unveil how to plans to go about it. However, at the moment, the telco wants to concentrate on its planned listing on the London Stock Exchange (LSE). Airtel, the African subsidiary of India’s Bharti Airtel Ltd, said the main reason for its proposed London listing is to raise

By Modupe Gbadeyanka Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has disclosed that if the smuggling of rice continues from neighbouring countries, then the Federal Government would be left with no other option than to shut some of its land borders. Mr Ogbeh lamented that the smuggling of rice into Nigeria through the neighbouring countries has frustrated the growth of local rice production in the country. He said the Federal Government was determined to achieve its goal of self-sufficiency in rice by 2018 and that this would not be frustrated by smugglers, no matter what. While addressing newsmen

By Rotimi Onadipe The Hushpuppi saga is a trending story that many people have shared severally on different social media platforms around the world. It had also generated a lot of controversies. However, we need to ask ourselves a very important question about this trending story. Why is it that so many victims fell for the scam? The answer is simply because the defrauded victims had little or no knowledge about the Business Email Compromise (BEC) scam which was the strategy used by Raymond Abbas aka Hushpuppi. What is a Business Email Compromise? BEC is a kind of fraud in

By Modupe Gbadeyanka A lawmaker from Kwara State, Mr Aliyu Ahman-Pategi, has lamented the poor implementation of the 2018 budget by the executive. The political economist, who is representing Edu/Moro/Patigi constituency at the lower chamber of the National Assembly, said the level of implementation of the 2018 budget was less than five percent, which he described as very poor. Mr Ahman-Pategi, while contributing to the debate on the 2019 budget estimate of N8.8 trillion on Wednesday, said the executive was just making the efforts of the parliament a waste of time if the implementation was poor. “The percentage of implementation

By Adedapo Adesanya The latest support for the second term candidacy for Mr Akinwumi Adesina as President of the African Development Bank (AfDB) has come from the Executive Council of the African Union (AU). The decision was taken at the 36th Ordinary Session of the AU Executive Council held during the AU Summit in Addis Ababa, Ethiopia from February 6 to 7, 2020. The endorsement will see Mr Adesina, who was elected for the first term as the 8th President by the bank’s Board of Governors in its headquarters in Abidjan, Cote D’Ivoire on May 28, 2015, run for another

By Adedapo Adesanya The federal government has launched the long-awaited National Livestock Transformation Plan (NLTP) in Nasarawa State. This makes it the pilot state in the country to kick-start the ranching project initiated in 2018. The Minister of Agriculture and Rural Development, Mr Sabo Nanono, and the Nasarawa State Governor, Mr Abdullahi Sule, launched the Model Ranching Hub Project in Awe Grazing Reserve, in Awe Local Government Area, on Thursday. Also present was the Plateau State Governor and Chairman, Northern Governors’ Forum (NGF), Mr Simon Lalong, as well as other dignitaries. In a speech before the launching of the project,

By Modupe Gbadeyanka A former Central Bank of Nigeria (CBN) Director, Dr Titus Okunronmu, has thrown his weight behind plans by the Federal Government to borrow $29.9 billion to finance infrastructure development in the country. The renowned economist, in a chat with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun, explained that the money, when eventually sourced, would go a long way to revamp infrastructural deficit. Dr Okunronmu, an ex-staff of the CBN’s Budgetary Department, said borrowing for investment, not for consumption, would have positive impact on the economy and boost economic growth. “If the Federal Government