National Peace Committee Seeks More Support For Govt.

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 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 World Food Programme (WFP) has pledged to commit $2.5 billion to strengthen and support Nigeria’s efforts towards sustainable food security and zero hunger across the country by 2028. The WFP Country Director, Mr David Stevesson, disclosed this when he led the UN agency’s team to the Minister of Humanitarian Affairs and Poverty Alleviation, Mrs Betta Edu, on Wednesday in Abuja. He said, “We talked about zero hunger, we talked about humanitarian hubs in every local government area in the country, we talked about the world food programme. “The potential to support those hubs through buying food

By Adedapo Adesanya Twenty-two oil and gas companies have been selected as successful bidders for the gas flare commercialisation programme of the Nigerian Upstream Petroleum Regulatory Commission ((NUPRC). The 2022 Nigerian Gas Flare Commercialization Programme (NGFCP) auction process was for 49 Flare Sites put forward by the agency under the erstwhile administration of Mr Muhammadu Buhari. The immediate past government in December 2016 launched NGFCP to involve third-party investors or off-takers in harnessing gas released as a by-product of oil production, a crucial part of the seven big wins of the administration for the oil and gas sector. Launched by

By Dipo Olowookere In a matter of weeks, the eventual buyer of 9mobile would be announced to the world, The Cable is reporting. Already, five companies have scaled through the final phase and they are Airtel, Globacom, Helios, Smile and Teleology Holdings Limited. According to the report, Nigeria’s largest telecommunication network provider, MTN Group, did not make it to the top five. About 16 companies had tendered expressions of interest (EoIs) to Barclays, 9mobile’s financial advisor. The firms were MTN, Airtel, Ntel, Virgin Mobile from the United Kingdom, Vodacom of South Africa, BUA Group, Morning Side Capital Partners, Obot Etiebet

By Dipo Olowookere Authorities of the Nigeria Police Force have confirmed that screening of candidates for the recruitment of 6,000 cops as approved by President Muhammadu Buhari recently would commenced on Monday, May 7, 2018. A statement signed on Saturday by the Force’s spokesman, Mr Jimoh Aliu, disclosed that for the first time, successful candidates, after the physical screening, will undergo a written aptitude test to be conducted by Joint Admission and Matriculation Board (JAMB) to ensure transparency and get the best out of the candidates. He said after that, medical examination for the police recruitment will be conducted for

By Adedapo Adesanya The Naira further appreciated against the Dollar in the Peer-2-Peer (P2P) and the parallel market arms of the foreign exchange (FX) market on Friday, March 10. The Nigerian currency was strengthened against the US currency by N2 in the peer-to-peer window yesterday to settle at N752/$1, in contrast to N754/$1 of the preceding session. In the same vein, the domestic currency gained N1 on the greenback at the black market during the session to sell for N744/$1 compared with Thursday’s exchange rate of N745/$1. However, in the Investors and Exporters (I&E) window, it was a different outcome

By Modupe Gbadeyanka Chairperson of the African Union Commission (AUC), Mrs Nkosazana Dlamini Zuma, has congratulated Nigeria’s women’s soccer team, the Super Falcons, for winning the 2016 Women’s Africa Cup of Nations finals on Saturday, December 3, 2016, in Yaounde, Cameroon. This is the eighth time that Nigeria has claimed this victory. Nigeria’s Super Falcons claimed a 1-0 victory over hosts Cameroon’s Indomitable Lionesses at the final match in Yaounde. Mrs Dlamini Zuma also commended runners-up for putting up a splendid performance. She equally congratulated the Confederation of African Football (CAF), the Government and people of the Republic of Cameroon,

By Adedapo Adesanya Oil prices depreciated on Tuesday as traders worried about mounting supplies, causing Brent crude futures to fall by $1.03 or 1.2 per cent to $85.58 a barrel, with the US West Texas Intermediate (WTI) crude futures down by $1.08 or 1.4 per cent to $79.06 a barrel. The US Department of Energy (DOE) said on Monday that it would sell 26 million barrels of oil from the SPR, which is already at its lowest level since 1983. The announced sale will likely temporarily push the reserve below its current level of about 372 million barrels. The DOE

By Adedapo Adesanya The number of Nigeria’s marginal oilfields up for auctioning could rise to 67 with the rejection of an application to stop the federal government from auctioning 10 marginal oil fields whose licenses have been revoked by a Federal High Court in Lagos. Justice Chukwujekwu Aneke dismissed an application for interlocutory injunction filed by the operators of affected marginal oil fields which intended to restrain the federal government from auctioning them as part of its licensing round. The affected operators are Associated Oil & Gas Limited, Dansaki Petroleum Limited; Bayelsa Oil Limited; Bicta Energy and Management Systems Limited:

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By Adedapo Adesanya The Kaduna State Internal Revenue Service (KADIRS) has sealed the headquarters of Kaduna Electricity Distribution Company (Kaduna Electric) over tax liabilities of N464.1 million. This was disclosed by the agency’s Board Secretary and Legal Adviser, Mrs Aisha Mohammed, on Wednesday, adding that apart from withholding tax, Kaduna Electric has been deducting Pay-as-You-Earn (PAYE) from staff but fails to remit to the state government as required by the law. The authorities added that the service had sent seven notices to Kaduna Electric, demanding the settlement of the liability to no avail. “We have been discussing with the management