NDPHC Seeks Support to Develop Small Hydro Plants

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 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 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  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Nkem Ndem Business travel is inevitable for most people in the Nigerian workforce. Aside from the fact that it contributes a lot to the economy and GDP of the country, it opens doors for the individual businessman or woman, opportunity seeker, and small scale business person or business owner. In Nigeria, however, many companies view business travel simply as an expense and do not see the benefits that come from it. They, therefore, budget very little for it, making the trip in itself extremely tedious for the employee who gets the assignment to embark on the journey. The truth

By Adedapo Adesanya It was another week of loss at the NASD Over-the-Counter (OTC) Securities Exchange as the bourse declined by 0.01 per cent in Week 41 of trading in 2022. This resulted in the N140 million decrease in the market capitalisation of the platform to N958.19 billion from the previous week’s N958.33 billion, as the NASD Securities Index went down by 0.10 basis points to 727.88 points as against the 727.98 points recorded in the preceding week. Business Post reports that the bourse posted a single price gainer and a loser. Central Securities Clearing System (CSCS) Plc lost 5.4

Today, more and more people want to see their heritage come to life. They want their stories told and their experiences reflected on screen. With a growing appetite for African content, businesses have a great opportunity to invest in local productions – and consequently local people. The desire for local content and the drive to consume content allows broadcasters to improve the skills of local production crews, invest in better equipment and facilities, and highlight local talent on- and off-screen, and also adjacent industries. In Nigeria, for instance, MultiChoice plays a pivotal role in empowering talent and driving economic development.

The prospect of a fully sustainable Blue Economy for Africa gathered significant momentum following the second Africa Blue Economy Forum (ABEF2019) held in Tunis on 25-26 June. The event attracted a significant number of high-level speakers, who can drive change and opinions, including government ministers Samir Taieb, Minister of Agriculture, Hydraulic Resources and Fisheries, Republic of Tunisia; Mokhtar Hammami, Minister of Environment, Republic of Tunisia; Elizabeth Naa Afoley Quaye, Minister of Fisheries and Aquaculture, Republic of Ghana and Kwaku Ofori Asiamah, Minister of Transport, Republic of Ghana. Fishing, aquaculture, shipping, ports, energy and finance industries all came under the spotlight

By Adedapo Adesanya The Fiscal Policy Partner and Africa Tax Leader at consultancy giant, PwC, Mr Taiwo Oyedele, has said the exchange rate convergence in Nigeria would translate to a significant rise in government debt in Naira terms by about N12 trillion to N90 trillion. In a social media post, the tax expert said with the Naira now exchanging with the US Dollar market-determined rates across the market segments, a significant market distortion has been removed. He added this would come with both positive and negative implications, noting that the country’s external debt at $42 billion, according to the Debt

By Aduragbemi Omiyale A Nigerian movie star, Kate Henshaw, has been unveiled as the Gisthouse African Icon for February 2023. “We are most excited and privileged to announce Kate Henshaw, a bonafide superstar of Nollywood, the world’s third biggest movie industry, as the GistHouse Afrocentric Icon for February 2023,” the founder of Gisthouse, Dr Ope Banwo, informed newsman at a press conference to unveil the award-winning actress. Mr Banwo explained that Ms Henshaw was selected as the African icon for the month of February 2023 in recognition of her contributions to Nollywood and socio-political issues in Nigeria. He noted that

By Dipo Olowookere The domestic stock market closed higher by 0.74 per cent after President Bola Tinubu swore in 46 ministers on Monday, giving investors the signal that his administration was ready to jumpstart the struggling economy. It was like the much-awaited positive trigger the Nigerian Exchange (NGX) Limited needed to begin another round of upward trajectory. The bourse witnessed bargain-hunting during the session, with traders rebalancing their portfolios to partake in the anticipated price appreciation in the nearest future. Consequently, the All-Share Index (ASI) increased by 481.32 points to 65,202.41 points from 64,721.09 points, and the market capitalisation grew

By Dipo Olowookere The 2018 edition of arguably Africa’s most watched reality television show, Big Brother Naija (BBNaija) has been brought to an end and the winner has emerged. The competition, tagged ‘Double Wahala’ this season, the third, was won by Miracle Ikechukwu Igbekwe, fondly called Miracle on Sunday night at the #BBNaijaFinale. He goes home with the grand prize of N45 million with other freebies attached and the fame he earned during the show. #Miracle beat four other finalists to clinch the win the show sponsored by Payporte, Heritage Bank and others. He got the highest number of votes