Nigeria Threatens Indonesia over Diplomat’s Assault

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

By Investors Hub The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to rebound following the modest pullback seen over the two previous sessions. A report from the Labor Department showing bigger than expected decreases in U.S. import and export prices may add to recent optimism that tame inflation will lead the Federal Reserve to cut interest rates in the near future. After helping to lead the markets lower in the previous sessions, energy stocks may rebound along with the price of crude oil. Crude for July delivery is jumping by more than

By Ahmed Rahma The co-founder and Executive Director, Institutional Business & Investor Relations of VFD Group Plc, Mr Niyi Adenubi, has said the company is planning to expand the operations of its digital bank, V Bank, to other African countries. V Bank has been a success in Nigeria, where it started its operations and the owners are already looking at taking the business to Ghana and Kenya, two other key markets on the continent. Mr Adenubi, while speaking with Eleni Giokos of CNN Marketplace Africa, said talks are already ongoing with authorities of the two nations, noting that this is

By Adedapo Adesanya The Niger Delta Development Commission (NDDC) said it has discovered a total of 13,000 abandoned projects in the region. This was disclosed by the Minister of Niger Delta Affairs, Mr Godswill Akpabio, on Thursday when he submitted the Forensic Audit Report on the South-South part of the country. Speaking when he handed over the report to President Muhammadu Buhari through the Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami (SAN) in Abuja, he said, “The report of the audit committee showed that there are over 13,000 abandoned projects in the Niger Delta

By Dipo Olowookere One of the lenders in Nigeria, Wema Bank Plc, has announce plans to give N50,000 grant to 20 holders of its Royal Kiddies Account. The bank, in a statement issued in Lagos on Thursday, said this gesture was part of its continued support for education in the country through its annual Wema Educational Awards. In the statement made available to Business Post, the lender, which is the pioneer of Nigeria’s first fully digital bank ALAT, also noted that it was determined to continue to invest in the future of Nigeria. “The importance of education to children cannot

By Adedapo Adesanya Airtel Nigeria has commenced the refurbishing and equipping of a four-storey infectious disease centre and admission facility for use by Specialist Units in the Department of Medicine at the Lagos University Teaching Hospital (LUTH), Idi-Araba. The telecom company, which made this known in a statement, said that it had announced in July that as part of activities marking a decade of doing successful business in Nigeria, N300 million will be spent to support the fight against COVID-19. This, the company said, is the final part of the N1.9 billion it promised in April, at the early stages

By Dipo Olowookere The award-winning African Utility Week, taking place from May 16-18, 2017, in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, KPMG, Power Africa, Huawei, GE, Shell, SAP and leading African utilities will head up the more than 7000 power and water professionals from more than 80 countries, including 30 African nations, who will gather for African Utility Week.

By Modupe Gbadeyanka **Lists 33.9bn Shares Worth N1.2trn at N35 Each Managing Director of BUA Cement Plc, Mr Yusuf Binji, has said shareholders of the company should expect greater value for their investment in the firm. He said the recent mergers will bring about increased capacity to service new and existing markets, increased operational efficiencies, economies of scale, increased profitability and creation of a platform for further investment that will have a positive impact on host communities. On Thursday, a total of 33,864,354,060 ordinary shares of 50 kobo each of BUA Cement Plc were listed on the Nigerian Stock Exchange

By Akachukwu Ifeanyichukwu The public education sector of Nigeria is currently in a critical state as staff unions of federal universities have been on an unending industrial action for the last five months. Federal institutions are dilapidated as they are poorly funded and the approved funds are rarely used for the approved task. If elected on February 25, 2023, the Peter Obi-Yusuf Datti Baba Ahmed-led administration will have to face the uphill task of rebuilding the sector from the foundation and this would be done by who he appoints as the Minister of Education if he is given the mantle