Nigerians Suffer Power Blackout as National Grid Collapses

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Adedapo Adesanya The federal government has declared Monday, October 2, 2023, a public holiday to celebrate Nigeria’s 63rd Independence Day, which falls on Sunday, October 1. The Minister of Interior, Mr Olubunmi Tunji-Ojo, made this known in a statement signed by the ministry’s Permanent Secretary, Mrs Oluwatoyin Akinlade, in Abuja on Thursday. Mr Olubunmi acknowledged the global socio-economic hardship, noting that Nigeria is not excluded. He, however, reasserted the government’s commitment to tackling the issues facing the country to reassure Nigerians. “It is today a known fact that difficult Socio-Economic and Security challenges are global, and Nigeria is not

By Ahmed Rahma Google’s Nest unit is expanding into health technology with a feature that tracks sleep patterns, offering a potential new revenue stream but also raising privacy concerns. The company unveiled the second-generation model of its Nest Hub smart display in a blog post on Tuesday, and this time it comes with a function called Sleep Sensing that monitors the breathing and movement of a person sleeping next to the screen without a camera or needing to wear a device in bed. The system also detects disturbances such as coughing and snoring, along with light and temperature changes using

More than 3100 students from 34 schools across the country were recently tutored by Union Bank of Nigeria as part of activities to mark the 2019 Global Money Week and Financial Literacy Day (FLD), themed Learn. Earn. Save. Chief Executive Officer (CEO) of Union Bank, Mr Emeka Emuwa, represented by Rosemary David-Etim, Divisional Executive for the South-West, visited Community Secondary Commercial School, Ikot-Okubo, Akwa Ibom, to tutor the students on the basics of money, savings, gaining employment and entrepreneurship. Senior employees of the bank also visited 30 other schools across the country including St. Dominic College Yauri, Galaxy International School

By United Capital Research On Wednesday, June 20, 2018, President Buhari signed the 2018 Budget into law, more than 200 days after it was presented in Nov-2017. Although less concerned about the aggregate increment to N9.1tn, the President was not pleased by cuts amounting to N347.0bn in relation to 4,700 projects submitted for legislative consideration and the introduction of 6,403 projects amounting to N578.0bn by the National Assembly. This development seemed to have generated a lot of arguments on social media. By the President’s reckoning, the cuts made affected several projects, notably; the Mambilla Power Plant, 2nd Niger Bridge/Ancillary Roads,

By Modupe Gbadeyanka In order to take banking services closer to its customers and enhance financial inclusion among the under-banked and unbanked populace of Nigeria, one of the leading financial institutions in Nigeria, Zenith Bank Plc, has introduced what it calls the Z-Money. The lender said in a statement issued in Lagos this week that it hopes to open more bank accounts to new customers and enable make different financial transactions. This, according to Ze4nith Bank in the statement, would be made possible through its network of agents spread across the urban and rural communities in the country. With the

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has said the global oil sector will need a cumulative investment of $12.6 trillion in the upstream, midstream and downstream through to 2045. The Secretary-General of the organisation, Mr Mohammad Sanusi Barkindo, gave the forecast at the 31st meeting of the Energy Charter Conference held via videoconference on Thursday. According to Mr Barkindo, the investment will be vital for improving the efficiency of the industry. “The objective behind our actions is the pursuit of a sustainable stable market in the interests of producers and consumers. This is essential to

By Dipo Olowookere This week, precisely on Tuesday, December 31, 2019, the Nigerian Stock Exchange (NSE) posted the audited financial statements of Notore Chemical Industries Plc for its full year ended September 30, 2019 on its online platform. In the brief analysis of the results by Business Post, it was observed that the revenue generated by the firm in the period under review depreciated to N21.4 billion from N26.8 billion, while the gross profit reduced to N4.0 billion from N9.6 billion, with operating profit going down to N3.4 billion from N9.2 billion. In the period under review, the company declared

By Dipo Olowookere President Muhammadu Buhari has assured Nigerians that the present economic downturn would soon be over. Mr Buhari gave this assurance on Friday while announcing the release of N522 billion to state governments. The money, according to the President, was to cushion the harsh effects on the economy. He called for more support from the citizens, encouraging them not to give up at this moment when the storm was already over. The President said he and his team were working round the clock to reflate the economy, promising that very soon, Nigerians would see positive outcomes. “As I

By Modupe Gbadeyanka The Chief Executive Officer of Stanbic IBTC Holdings Plc, Mrs Sola David-Borha, has resigned from her appointment. Business Post gathered that Mrs David-Borha resigned from office to resume as the Chief Executive (Rest of Africa) at the Standard Bank Group in South Africa. It was also reliably learnt that her resignation became effective on Thursday, January 19, 2017. Mrs David-Borha was educated at the University of Ibadan, where she obtained a B.Sc. degree in Economics. She also bagged an MBA from Manchester Business School, United Kingdom as well as going for an Advanced Management Programme at the