Ogun APC Guber Candidate Picks Ex-Lawmaker Remmy Hazzan as Spokesman

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 Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against President Bola Tinubu over his failure to stop the former governors now serving as ministers in his administration from collecting life pensions and other retirement benefits from their states. The ministers mentioned in the suit are Mr Badaru Abubakar, Mr Nyesom Wike, Mr Bello Matawalle, Mr Adegboyega Oyetola, Mr David Umahi, Mr Simon Lalong, Mr Atiku Bagudu and Mr Ibrahim Geidam. In the suit number FHC/L/CS/1855/2023 filed last Friday at the Federal High Court in Lagos, the ministers are to be joined in the suit

By Jerome-Mario Chijioke Utomi Recently, precisely on Monday, August 23, 2022, the GbaramatuVoice newspaper, in what has become an annual ritual of the sort, announced for the awareness of the general public, details of programmes lined up to mark its forthcoming 7th Anniversary Lecture/Awards, scheduled for Tuesday, August 30, 2021, by 10:00 am, at the Transcorp Hilton Hotel, Federal Capital Territory (FCT), Abuja. Also in that release, the news organization told the world that the anniversary lecture, which has as a central theme Oil politics, securing national assets, dependency and diversification, will have as keynote speaker, Timipre Sylva, the Minister

By Adedapo Adesanya The Organised Private Sector (OPS) has said the perennial gridlock in the Apapa area of Lagos State was making federal government of Nigeria lose not less than N6 trillion annually across all sectors of the economy. Second Vice President of the Nigeria Employers’ Consultative Association (NECA), Mr Mauricio Alarcon, made this disclosure yesterday when the organisation paid a courtesy visit to President Muhammadu Buhari at the State House in Abuja. Mr Alarcon noted that operational hitches being experienced at the port has persisted, even a year after the Presidential Executive Order aimed to promote transparency and efficiency.

Asian stocks fell broadly on Tuesday amid concerns about the global economic outlook after the International Monetary Fund, or IMF, slashed its world economic forecast, citing a range of triggers beyond escalating trade tensions. These potential triggers include a “no-deal” Brexit for the U.K. and a deeper than envisaged slowdown in China. The IMF now projects a 3.5 percent growth rate worldwide for 2019 and 3.6 percent for 2020, down 0.2 and 0.1 percentage points, respectively, from its last forecasts in October. Brexit worries also lingered as British Prime Minister Theresa May offered nothing new to break the political deadlock

By Adedapo Adesanya The performance of the NASD Over-the-Counter (OTC) Securities Exchange remained flat in the second trading day of the week, with the key barometers closing at their previous levels. At the close of transactions, the market capitalisation remained at N497.33 billion, while the NASD Unlisted Securities Index (NSI) finish at 692.24 points, the same as Monday. However, the volume of shares traded by investors during the day further went down to 7,895 units from the 71,085 units recorded at Monday’s session, signifying a decline of 88.9 percent. Also, the total value of shares recorded decline into the second

By Modupe Gbadeyanka The present foreign exchange (forex) crisis in Nigeria will pose a huge threat to the 2020 earnings of players in the nation’s telecommunications sector, the Head of Equity Research at FBNQuest, Mr Tunde Abidoye, has projected. In a research note made available to Business Post, he said though now more than ever, the industry was set to take a leading role in the government’s effort to diversify the economy, the FX issue could truncate this. It was stated that through consistent significant investments by the mobile networks, the sector’s contribution to GDP has risen steadily from about

By Adedapo Adesanya  **Opens New Branch in Osun In order for the Central Bank of Nigeria (CBN) to meet up with its 80 percent financial inclusion target by 2020, over 40 million Nigerians without proper access to financial services must be reached and put under the banking net. It is because of this Access Bank is doing everything within its means to expand its banking operations to some rural areas in the country and one of the newest targets is Osun State, which boasts of rural communities. The Group Head of Retail Operations at Access Bank, Mr Abraham Aziegbe, while

By Adedapo Adesanya The prices of oil futures pointed north on Tuesday as data indicated expectations of a second straight weekly decline in the United States crude supplies. Brent crude rose 31 cents or 0.75 per cent to $41.75 per barrel while the United States West Texas Intermediate (WTI) crude ticked up by 24 cents or 0.61 per cent to $39.55 per barrel. Analysts expect the US Energy Information Administration (EIA) on Wednesday to report a fall of 4 million barrels in domestic crude inventories for the week ended September 18. However, this is a contrast to another group, the

By Dipo Olowookere The last FGN Savings Bond auction exercise for the year 2017 has commenced today, Monday, December 04, 2017, and will end on Friday, December 8, 2017. The exercise is to be conducted by the Debt Management Office (DMO) on behalf of the Federal Government. The debt office would be offering 2-Year FGN Savings Bond due December 13, 2019 at 11.738 percent per annum; and the 3-Year FGN Savings Bond due December 13, 2020 at 12.738 percent per annum. Investors would be expected to subscribe N1,000 per unit subject to a minimum subscription of N5,000 and in multiples