NCDMB to Host African Local Content Investment Forum

By Adedapo Adesanya A three-member panel of the Economic Community of West African States (ECOWAS) Court of Justice has ordered the Government of the Republic of Benin to pay Mr Sunday Adeyemo, popularly called Igboho, 20 million CFA for unlawful detention. The court ordered that the money should be paid within three months. Igboho had on February 10, applied to the court challenging his arrest and detention in the French-speaking country. The ECOWAS court also directed the country to comply with its order and revert to the court with evidence of payment. Igboho was arrested alongside his wife, Ropo, in

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

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 Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Modupe Gbadeyanka In order to make its customers enjoy the festive season and have unfettered access to the internet, one of the leading telecommunications services providers in the country, Airtel Nigeria, has reduced the prices of its Wi-Fi devices. The GSM network provider in a statement on Monday said the new exciting offers on its Home BroadBand (HBB) devices, including MiFIs, Routers and the ODU Smartbox, will re-ignite the sparkle of the Yuletide season. The company explained that the offer, which will last through the Yuletide season, is aimed at giving Airtel customers the opportunity to achieve more with

By Modupe Gbadeyanka Communities in the Lagos State which erected gates on their streets without the necessary approval from the state government have been directed to remove them in seven days. In the alternative, they can leave the gates the way they are on the conditions that they will remain open for public use from 5am to 12 midnight and would be manned by security guards. The Commission for Transportation in Lagos, Mr Frederic Oladeinde, explained that this directive became necessary because of the traffic caused by the closure of some street gates. According to him, some commuters find it

By Modupe Gbadeyanka Preparations for the 60th anniversary of Nigeria’s independence in 1960 are already in top gear and one of the anticipated activities is the unveiling of a book titled Nigeria @60: 60 Foremost Nigerians in the Last 60 Years. The book, which is authored by celebrity journalist and author, Mr Lanre Alfred, has been endorsed by the National Council for Arts and Culture (NCAC) on behalf of the federal government of Nigeria. Director-General of NCAC, Otunba Olusegun Runsewe, said the book was of significant historical and cultural value to this generation, especially as Nigeria counts down to her

By Modupe Gbadeyanka Prominent Nigerian oil and gas firm, Aiteo Group, has appointed Mr Ratko Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development. A statement issued by the firm disclosed that Mr Knezevic, whose appointment became effect from May 5, 2017, will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the group’s growth and diversification targets in Nigeria and across Africa as a whole. Mr Knezevic brings to this role vast experience and expertise acquired through proven track record of direct operational leadership, strategy development, team

By Investors Hub European stocks have fallen on Monday to extend losses from the previous session as fears over the collapse of the Turkish lira continue to spook the markets. The UK’s FTSE 100 Index is down by 0.3 percent and the German DAX Index is down by 0.4 percent, although the French CAC 40 Index has bucked the downtrend and inched up by 0.1 percent. The lira recouped some losses after hitting a new record low earlier today on concerns about a deepening rift with the United States. After the currency witnessed a free fall late last week, Turkey’s

By Dipo Olowookere The Nigerian Exchange (NGX) Limited remained in the negative territory on Tuesday after it closed lower by 1.96 per cent when trading activities were wrapped up on the first trading session of the week. The decline was chiefly triggered by sell-offs in Airtel Africa and other stocks like GTCO, Access Holdings and others. Data obtained from the stock market showed that Airtel Africa shed 10.00 per cent to settle at N1,198.00, Royal Exchange declined by 9.09 per cent to 60 Kobo, Consolidated Hallmark Insurance also depreciated by 9.09 per cent to trade at 60 Kobo, Multiverse slumped

By Modupe Gbadeyanka Professor Lawrence Adedibu Ojerinde, a former Registrar of the Joint Admissions and Matriculation Board (JAMB), has been remanded in prison. The educationist was brought before Justice Obiora Egwuatu of Court 9, Federal High Court, Abuja for alleged offences committed while he was in office as Registrar/Chief Executive of National Examinations Council (NECO) and also as Registrar of JAMB. The Independent Corrupt Practices and Other Related Offences Commission (ICPC), which arraigned him, slammed 18-count charges on him bordering on abuse of office and fraud to the tune of N5 billion. One of the charges alleged that, “Professor Lawrence

By Modupe Gbadeyanka If steps are not quickly taken by African leaders, in the next three years, the continent may lose nearly half of its population between the ages of 18 and 24. One of the biggest concerns African youth face today is instability, with 75 per cent worried about the political volatility in the continent, rising to 91 per cent in Kenya and 89 per cent in Mozambique, both of which are battling terrorist insurgencies, according to the African Youth Survey released this week. It was stated that at least half of Africa’s youth have had their lives impacted