NDLEA Recovers Tramadol Tablets, Arrest 41 Suspects

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Adedapo Adesanya  PricewaterhouseCooper (PwC) Nigeria has commended the country’s move towards fixing its copious electricity challenges with the Electricity Act 2023 and proposed key amendments that will ensure the issues are faced head-on, At the 14th edition of its Annual Power and Utilities Roundtable, with the theme The Electricity Act 2023: Powering Nigeria, the Partner and Energy, Utilities and Resources Leader at PwC Nigeria, Mr Pedro Omontuemhen, noted that, “The 2023 power roundtable’s timing coincides with the ongoing COP 28 in Dubai, highlighting the urgent need for continued action on climate change especially in the area of renewable energy.”

By Adedapo Adesanya Nigeria has put the presidential aircraft, Falcon 900B, up for sale with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft. It was not disclosed how much the craft would be sold, according to a tweet on the official Nigerian Air Force page on X, formerly known as Twitter, where it said the aircraft was put up for sale following the federal government’s approval. “The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” NAF said in a

By Dipo Olowookere Book libraries are a big deal and a growing opportunity for independent authors around the world. This is the reason why Publiseer has decided to focus more on library distribution for its independent authors. Before now, Publiseer already distributes to over 40,000 book libraries worldwide through its addition of OverDrive and Bibliotheca. However, the ebook and audiobook aggregator will be taking its library distribution even deeper with its addition of Baker & Taylor as part of its library distribution service. Baker & Taylor is the largest distributor of both digital and print books worldwide. Baker & Taylor

By Dipo Olowookere The huge appetite for the shares of Zenith Bank and Sterling Bank extended the rally at the Nigerian Stock Exchange (NSE) on Monday by 0.39 per cent. Investors are mopping up the banks’ stocks, especially Sterling Bank, because of its decision to operate as a holding company, which is expected to bring more value to the company as a result of the additional revenue to be generated by the expanded business. During trading yesterday, Zenith Bank transacted 90.9 million units of its stocks worth N1.6 billion, while Sterling Bank exchanged 82.3 million equities valued at N98.8 million.

By Aduragbemi Omiyale The Governor of Bayelsa State, Mr Douye Diri, has stressed the need for proper financial reporting as a form of guidance to the government in formulating policies that will be beneficial to the citizens. Mr Diri gave this submission while declaring open the 2nd session of the Mandatory Continuing Profession Development (MCPD) programme of the Association of National Accountants of Nigeria (ANAN) at the Ecumenical Centre, Yenagoa on Tuesday. The Governor said the burden was on the shoulders of the accountants, to discharge the responsibility to ensure that government and other institutions have correct and proper reporting

The Dangote Industries Limited has flagged off an environment focused initiative tagged Waste to Wealth initiative as part of activities marking the 2019 Global Sustainability Week. The initiative is focused on managing waste disposal while generating income and giving back to communities wherein the company operates. The conglomerate marked the Sustainability Week with the theme Our Community, Our Passion with various activities held in the Lagos and across its Business Units and plants. These activities focused on investment programmes directed towards turning waste to wealth, and reviving reading culture in young children in host communities. In Lagos, over 200 Sustainability

By Dipo Olowookere The market capitalisation of the Nigerian Exchange (NGX) Limited depreciated by N56 billion on Tuesday to N20.434 trillion from N20.490 trillion. One of the reasons for this was the profit-taking by investors as they took stock of transactions for the month of August and prepare for a fresh trading session for the month of September. It was observed by Business Post that there were selloffs across the key sectors of the market yesterday with the consumer goods space falling by 1.94 per cent. The energy counter depreciated by 0.41 per cent, the banking space lost 0.39 per

By Modupe Gbadeyanka The New African Woman magazine will hold the second edition of its popularly-received New African Woman Forum (NAW Forum) in Dakar, Senegal, on April 12 and 13. Following weeks of public nominations from across the continent and its Diaspora, the final nominees for the much-anticipated New African Woman Awards 2017 have been announced. Chosen in 12 categories, 68 groundbreaking women have made the final list which will now be adjudicated by a special panel of judges, and the winners in each category will be announced on 12 April at a Gala Dinner in Dakar, Senegal.  The new

By Jerome-Mario Chijioke Utomi During an address by Harvard Political Professor, Samuel Huntington, in August 1995, in Taipei, he was, among other things, asked about his impression of Prime Minister Lee Kuan Yew’s effort to develop Singapore and he scantly summed it up this way: the honesty and efficiency Senior Minister Lee has brought to Singapore are likely to follow him to his grave. However, like faith, which is a belief in things not seen, coupled with the fact that ordinary calculation can be upturned by extraordinary personalities, not only did Lee’s efficiency survive him, but history has since assisted

By Adedapo Adesanya The management of NASD Over-the-Counter (OTC) Securities Exchange has published a draft document contain rules for admission of right issues by companies trading their securities on its platform. In a notice released on Thursday, the regulator said firms on its platform intending to raise fresh capital via rights issue must adhere to the guidelines, including receiving approvals from the necessary organs, shareholders inclusive. Business Post reports that rights issue allows existing shareholders to purchase additional shares in proportion to their existing holdings, which will help raise supplementary capital for the company. In the circular analysed by Business