Nigeria Unveils Initiative to Boost Youth Employment, FX Earnings

By Modupe Gbadeyanka The Programme Coordinator for Media and Policy at the Social and Economic Justice Advocacy (SEJA), Mr Jerome-Mario Utomi, has challenged the Lagos State government to lead the movement against environmental injustice. Mr Utomi, while speaking on Tuesday as a panellist at the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, the Netherlands, also advised the government to stop being the coach and captain during environmental conversations. At the panel discussion themed “The role of multi-stakeholder engagement in achieving environmental justice, he noted engagement and collaboration have been overused by those in the position of

By Modupe Gbadeyanka A strategic partnership aimed to redefine the future of sustainable energy installations in Nigeria and the African continent as a whole has been sealed between WATT Renewable Corporation (WATT) and Clear Blue Technologies (CBT). A statement from the independently-owned provider of hybrid solar solutions disclosed that its collaboration with CBT, a global leader in smart off-grid technology solutions, would make it easy for Africans to access green energy. According to the disclosure, the partnership has been catalysed by a recent $13 million investment from Empower New Energy, a key player in the renewable energy investment space. This

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Modupe Gbadeyanka Some public servants in Nigeria have been charged to make use of what they learned from a seven-week AIG Public Leaders Programme (PLP) to drive transformative change from within. This appeal was made by the executive vice chairman of the Aig-Imoukhuede Foundation, Mrs Ofovwe Aig-Imoukhuede, at the conclusion of the programme, offered by the Foundation in partnership with the University of Oxford’s Blavatnik School of Government. It is an executive education scheme that provides high-potential African public servants with the opportunity to acquire the skills needed to create cultures of excellence, effectiveness, and integrity in their organisations.

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has expressed worry about the rising crude oil prices in the international market and its adverse effect on Nigerians. The Group Managing of the corporation, Mr Mele Kyari, rather than being positive about the development, described it as a “chicken and egg” situation. Mr Kyari, speaking at the virtual Citizens Energy Congress tagged Securing a Sustainable Future Energy System through Strategy, Collaboration and Innovation on Thursday, noted that oil prices had started exiting the comfort zone set by the NNPC and was becoming a burden. The forum was organised by DMG

By Adedapo Adesanya The Naira was under pressure at the Investors and Exporters (I&E) segment of the foreign exchange market on Thursday, December 29, hitting a new low against the United States Dollar at the close of business. Data showed that the Nigerian Naira depreciated against the Dollar at the official market yesterday by 0.07 per cent or 34 Kobo to quote at N461.67/$1 compared with the previous day’s value of N461.33/$1. This happened amid a drop in forex turnover for the trading session. The value of FX trades during the session was $142.19 million, 27.5 per cent or $53.87 million

By Adeniyi Ogunfowoke Rolling out of bed with very hungry makes us very hungry that we just eat anything that comes first in our sight. What you do not know is that there are some foods you should never eat on an empty stomach because these foods could actually be harming your body. Jumia Food, Nigeria’s no 1 food ordering platform, shares these foods. Spicy food  Eating spices on an empty stomach may irritate the stomach lining which can lead to acidic reactions and cramps. They are very sharp and strong taste and as such, it can trigger indigestion. Garlic, hot chili, and ginger are

By Modupe Gbadeyanka Wapic Insurance Plc has recorded a loss in its profit for the year 2016 by 55 percent, its 2016 audited report has revealed. The company declared a profit after tax of N586.1 million for the 2016 full year financial statements against N1.3 billion it achieved in 2015. According to the details, Wapic Insurance Plc posted a profit before tax of N1.2 billion compared with N1.7 billion it declared in the year before, indicating a decline by 28 percent. During the period under review, the insurance firm used N4.2 billion as operating expenses in contrast to N3.5 billion

By Modupe Gbadeyanka In line with its determination to dominate and redefine the landscape of registrar service delivery in the country, Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”. The USSD code, *4018#, which was unveiled in Lagos on Wednesday enables shareholders to perform  a lot of tasks including checking their outstanding dividend, shareholding balance, confirming bank mandate right from their mobile phones from the comfort of their homes, work places or leisure.  With the code, shareholders can also check postal and email addresses from their mobile phones. Speaking about the product, the Managing Director/CEO,

By Adedapo Adesanya President Muhammadu Buhari has joined many Nigerians to celebrate the President-elect, Mr Bola Ahmed Tinubu, on his 71st birthday today, Wednesday, March 29, 2023, saying his vast experience as a politician will help achieve effective governance. In a statement signed by his Special Adviser on Media and Publicity, Mr Femi Adesina, the President joined “members of the President-elect’s family, especially his wife, Senator Oluremi Tinubu, business partners and political associates in celebrating the recently elected president who is expected to lead the country from May 29.” Full of praise, he said his successor, endeared as Asiwaju, is

By Dipo Olowookere The National Bureau of Statistics (NBS) on Monday maintained that the Nigerian economy was out of recession. The stats office made this clarification today in reaction to media reports quoting the Statistician General of the Federation/CEO of the agency, Mr Yemi Kale, as saying the country was still in economic mess. The report published by some media outfits, excluding Business Post, had quoted an interview Mr Kale granted Arise TV as saying the nation was still in the economic downturn it slipped into in the second quarter of 2016. Reacting to the reports via a statement on

By Modupe Gbadeyanka Lagos State Governor, Mr Akinwunmi Ambode, has come under sharp criticisms over a report by an online newspaper, Premium Times, alleging that his administration has not been transparent with taxes of residents. Those who reacted to the piece said they find it hard to believe that the state government force residents of the state to pay their taxes and threaten to punish them if they fail to comply, but government do not see mandatory to explain how the funds were used. “In Nigeria, govt compels you to pay up ur taxes, yet cannot be transparent as to