NDLEA Nabs Surinamese Over Cocaine in Body Spray

By Adedapo Adesanya President Bola Tinubu on Monday asked South African companies to consider investing in the Nigerian solid minerals development sector, promising them a conducive environment. Mr Tinubu made this call when he held talks with his South African counterpart, Mr Cyril Ramaphosa, in New York City ahead of the United Nations General Assembly (UNGA). According to a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, the Nigerian leader advanced his economic development diplomatic drive for investment attraction during the engagement. He told Mr Ramaphosa that, “South African mining industries have a

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 Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Adedapo Adesanya The Norwegian Floating Production Storage and Offloading (FPSO) leasing firm, BW Offshore, has closed the transaction for the sale of the Nigerian vessel, Abo FPSO, after several short-term charter extensions for $20 million. FPSO refers to a floating vessel located near an offshore oil field, where oil is processed and stored until it can be transferred to a tanker for transporting and additional refining. BW Offshore closed the transaction for the sale of Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC). As part of the transaction, BW Offshore has entered

By Adedapo Adesanya The Investors and Exporters (I&E) segment of the foreign exchange (forex) market witnessed a shortage in FX supply on Thursday, March 25. This put pressure on the Naira, making it lose N1 against the US Dollar at the market window during the session to close at N409.75/$1. At the previous trading session, the local currency was exchanged against the United States currency at the same segment specially tailored for investment transactions at N408.75/$1. According to data obtained by Business Post from the FMDQ Securities Exchange, forex demand surged by 419.0 per cent and the supply could not

By Adedapo Adesanya President Muhammadu Buhari is seeking an 800 per cent increase in the provision for petrol subsidy for 2022 from N442 billion to N4 trillion. This was contained in a letter written to the House of Representatives for a review of the 2022 fiscal framework. The Speaker of the House of Representatives, Mr Femi Gbajamila, read the letter titled Submission of the Revised 2022 Fiscal Framework during plenary on Thursday. Mr Buhari in the letter dated April 5 cited the rising market price of crude oil heightened by the Russian-Ukraine war as the reason for the hike in

By Dipo Olowookere Last week on the floor of the Nigerian Exchange (NGX) Limited, a total of 22 stocks appreciated in price, lower than 44 stocks in the previous week, while 49 equities depreciated in price, higher than 22 equities in the preceding week, with 85 equities closing flat, lower than 90 equities of the earlier week. According to data from the exchange, Seplat recorded the highest price increment as its value moved up by 20.25 per cent to N1034.00. Linkage Assurance appreciated by 1600 per cent to 58 kobo, FCMB rose by 11.80 per cent to N3.41, Courteville improved

By Adedapo Adesanya On Tuesday, Nigeria became the 47th African countries to have eradicated the polio disease after decades of efforts. With no new cases for three consecutive years, Nigeria became the latest country to attain the polio-free status, leading the World Health Organisation (WHO) to officially announce the eradication of the virus in Africa. Expressing his delight, President Muhammadu Buhari noted that he has fulfilled one campaign promise – the eradication of polio. In his words, ”I recall that shortly after assuming office in May 2015, I made a pledge to Nigerians that I would not bequeath a polio-endemic

By Adedapo Adesanya The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan that is aimed at boosting both public and private sector investment in Africa. The joint action plan enables both institutions to grow a shared pipeline of bankable projects around key complementary themes to which each institution would bring their comparative advantage. The themes include climate action and environmental sustainability; transformative large-scale quality infrastructure investment; Information and Communication Technology (ICT) infrastructure and services; financial inclusion with a gender lens aimed at the empowerment of girls and women; education and training;

By Modupe Gbadeyanka Dermal filler is the non-invasive treatment for facial rejuvenation and are used to as anti-ageing agents. As people age, facial skin begins to lose its flexibility and natural hydration that helps support, shape and add volume to the face. This leads to wrinkles on the face, deep lines and sagging of the skin. Dermal fillers are injectable gels composed from either natural or synthetically derived materials like hyaluronic acid. Dermal fillers gently lift and pump up the skin to restore the lost collagen owing to aging process. Dermal fillers also enable the body to generate its own

By Dipo Olowookere Extensions have been granted to six companies listed on the Nigerian Stock Exchange (NSE) which have free float deficiencies. Firms listed on the NSE are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market for their securities. According to the NSE, the free float requirement for companies on the ASEM Board is 15 percent of market capitalization, Main Board is 20 percent of market capitalization, while companies on the Premium Board is 20 percent of market capitalization or

By Adeniyi Ogunfowoke Small businesses are very difficult to get noticed especially in this digital world. The internet space is dominated by the Blue chip businesses who spend millions to run adverts and promote their businesses. Despite this, there are other affordable, less complicated and inexpensive ways you can get your business noticed online.  Jumia Travel shares five strategies. Use social media To open a social media account is free. You just need a smartphone and data. So, no matter the business you are running, ensure that you have a social media account. Nice pictures for Instagram, engaging tweets on