NSCDC Nabs 19 Suspects over Oil Theft

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Modupe Gbadeyanka To achieve sustainable development in Africa, efforts must be made to have an enabling policy environment and collaboration between the government and the private sector. This was the submission of the chief executive of Airtel Africa, Mr Segun Ogunsanya, at a COP28 side event co-hosted by the telecommunications giant and the African Business Leaders Coalition (ABLC). Mr Ogunsanya, who is a member of the United Nations Global Compact’s ABLC, stressed that African business leaders and governments to join forces to advance sustainable growth, development, and prosperity across the continent. “We stress the importance of an enabling policy

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

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

125 years of supporting and enabling dreams, 125 years of resilience and relevance, 125 years of trust, safety and security, 125 years of long term value to all stakeholders, 125 years woven into the fabric of our society and therefore we dare say, 125 years beyond comparison! Come March 31, 2019, First Bank, Nigeria’s largest financial powerhouse, will be 125 years. In his words, Managing Director/Chief Executive Officer, Dr. Adesola Adeduntan (FCIB), said “We mean it when we say First Bank is You. As Nigerians, we have made history together and should be proud of this monumental feat because globally,

By Adedapo Adesanya The Manufacturing Association of Nigeria (MAN) has asked the federal government for waiver on import duties to help the cushion the hard hitting impact of the coronavirus on businesses among other measures. The association also solicited unguarded access to industrial essential materials such as fuel, gas, electricity and other infrastructure that will aid the manufacturing sector in the country as the COVID-19 pandemic continues. In a statement by its president, Mr Mansur Ahmed, the group equally urged government to ensure that other essential commodities such as pharmaceuticals and consumables are available for Nigerians. Mr Ahmed stated that

By Modupe Gbadeyanka The sum of N350 million was earned by Deposit Money Banks (DMBs) in the country as interest in the month of July 2019 from the Standing Deposit Facility (SDF) of the Central Bank of Nigeria (CBN). This amount was generated from the surplus cash kept with the banking sector watchdog by the financial institutions so as to earn interest of 8.50 percent. According to data sourced from the Economic Report for July 2019 released by the apex bank, the sum of N1.166 trillion, including Intra-day Lending Facility (ILF) converted into repo was the total SDF for the

By Adedapo Adesanya Legal luminary and educator, Mr Afe Babalola, has donated N13.2 million to outstanding farmers in Ekiti State as part of efforts to encourage farming and lift farmers financially. Mr Babalola, who is also the founder of Afe Babalola University, Ado-Ekiti (ABUAD), is reputed to be the largest farmer and highest taxpayer in Ekiti State. The gifting of money to farmers took place on Sunday at the grand finale of this year’s edition of the Annual Afe Babalola Agricultural Expo and The United Nations Educational, Scientific and Cultural Organization (UNESCO) Youth Empowerment, held at the university’s sports pavilion.

A plot to disrupt the services of Fidelity Bank Plc has been uncovered and those accused of planning this are some of the outsourced staff who were recently recalled by their employers. According to a statement from the financial institution, these set of people are making underground plans to launch a massive social media attack the bank in order to malign its image before the world. “Our attention has been drawn to the planned disruption of service and social media attacks on the Bank by a few outsourced staff who were recently recalled by their employers. “The move, which is

Travelling far distances by car, bus, plane, or train is not always fun. Did you know it can even have a harmful impact on your health, too? Long-distance travel, especially by car, taxi, or bus, can increase the risk of blood clot formation, a condition known as deep vein thrombosis (DVT). In many instances, people sit still in cramped and confined conditions for hours when they’re travelling a far way. But warns Dr Helen Okoye, a medical expert and spokesperson for the World Thrombosis Day (WTD) campaign, prolonged periods of inactivity can be dangerous. “When our bodies are in a

The All Progressives Congress Mandate Defenders (APCMD) has reacted to a statement attributed to the immediate past Governor of Kogi State, Captain Idris Wada, where he lambasted his successor, Mr Yahaya Bello. A statement issued by the group and signed by its Deputy National Publicity Secretary, Mr Ali Mohammed, said it wondered how a man who has “no single record of achievement throughout his wasteful years in office could be accusing Governor Bello of non-performance when there are documented evidence that in all his years as ‘Jiggery-pokery-Governor’, no Nigerian President or Vice President ever entered the state to commission one

By Adedapo Adesanya The rate at which the value of the Naira is worsening against the United States Dollar at the Peer-2-Peer (P2P) and the black market segments of the foreign exchange (FX) market is already causing apprehension among some citizens. On Thursday, July 13, the Nigerian currency performed badly against its American counterpart in the two windows of the forex market, further widening the exchange rate gap between the two segments and the official market, the Investors and Exporters (I&E) category. In the P2P market, the local currency depreciated by N8.60 to sell at N819.00/$1 compared with the preceding