Oil Businessman Akeem Adelaja Clocks 40 in Style

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Modupe Gbadeyanka A socio-political group known as Save Enugu Group has congratulated Governor Peter Mbah of Enugu State on his recent Supreme Court victory. The organisation described the victory as well-deserved, urging politicians in the state to join forces with the governor to move the state forward. Last Friday, the country’s apex court dismissed an appeal filed by the candidate of the All Progressives Congress (APC) in the governorship election in the state, Mr Uche Nnaji. The opposition party challenged the victory of Mr Mbah of the Peoples Democratic Party (PDP) in the March 18, 2023, gubernatorial poll, asking

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Modupe Gbadeyanka On October 1, 2023, food enthusiasts and stakeholders will gather at the Tafawa Balewa Square, Lagos to have a taste of Nigerian cuisine at an event organised by 3X4 Foods, a subsidiary of 3 BY 4 Gourmet. The founder of 3X4 Foods, Ms Banke Makinde, said the programme, Street Food Celebration, would be used to showcase the Nigerian culture, through food, to the world. She said the event would provide an opportunity to celebrate Nigeria’s culture, history, and people through street food, and promote cultural entertainment, and delicious gourmet street food. According to her, Street Food Celebration

By Adedapo Adesanya The Lagos State Government said it will increase fish production by at least 60,000 metric tonnes next year to bridge the huge deficit in the sector and meet the state’s demand for fish. The state Commissioner for Agriculture, Ms Abisola Olusanya, said this at a news conference on Thursday in Lagos to unveil the forthcoming Lagos Seafood Festival scheduled for December 13 at Muri Okunola Park, Lagos. Ms Olusanya said that the state was currently producing about 174,000 metric tonnes of fish annually, while the current demand stood at over 400,000 metric tonnes, hence the need to

By Adedapo Adesanya The weakening of the Naira against the United States Dollar showed no signs of easing at the various segments of the foreign exchange (forex) market on Friday. The Nigerian currency took more beatings across the market windows tracked by Business Post yesterday amid the lingering scarcity of FX in the financial system, causing speculators to have a field day as the Central Bank of Nigeria (CBN) is seen not to have any quick solution in sight. In the Peer-to-Peer (P2P) window, the value of the Nigerian currency further depreciated against the greenback by N14 or 2.14 per cent

By Dipo Olowookere Fun-seekers in Uyo, the Akwa-Ibom State capital, are already anticipating the “33” Export Friendship Experience party slated to hold on Sunday, May 14, 2017. The “33” Export connects and engages with its target consumers by celebrating friendship and friends across the country. It would be recalled that the brand commenced this year’s Experiential Parties in March, and has hosted several top DJs and Comedians in the entertainment industry to thrill consumers with the best of music, games and comedy experiences. The experiential parties are targeted at bringing to live the values of the brand, and deepening the

By Dipo Olowookere Advanced Integration Technology (AIT) announced today that it has agreed to acquire KUKA Systems Aerospace North America (KUKA Aero), as recently reorganized, in a carve-out transaction conducted by KUKA Systems North America LLC. Based in Clinton Township, MI, KUKA Aero is the market-leading integrator of new robotic technologies used in aerospace assembly and a provider of flexible automation solutions and engineering to the aerospace industry. KUKA Aero’s core executive team will remain intact, led by Group Vice President Robert Reno. “Bob and his team have helped define the state-of-the-art in aerospace automation and built a wonderful company

By Modupe Gbadeyanka The treasury bills market was bearish on Monday as activities resumed, leaving the average yields to fall at the close of business. Business Post reports that the T-bill yields depreciated to 15.54 percent from 16.24 percent in the previous session. The decline and downward momentum at the market comes as the Central Bank of Nigeria (CBN) is yet to resume the sale of the government instrument via the open market operations (OMO). This bearish trend is expected to continue on Tuesday especially in the absence of any significant intervention by the apex bank. Meanwhile, the overnight rate

By Dipo Olowookere The Nigerian Exchange (NGX) Limited landed in the bears’ zone again on Thursday, a day after it left, following renewed profit-taking in the consumer goods sector. The sector depreciated by 0.28 per cent yesterday due to selling pressure on Nestle Nigeria and Honeywell Flour. Though investors also booked profit in banking shares, it did not affect the performance of the space as it closed higher by 0.68 per cent. The insurance counter appreciated by 0.51 per cent, and the industrial goods index rose by 0.09 per cent, while the energy sector remained flat. The poor outing of

Life is set to return to the 10-lane Lagos-Badagry Expressway 10 years after the commencement of the project as the Lagos State government on Tuesday flagged off the continuation of the road construction that experienced low activities in the last four years. Performing the flag off, the Lagos State Deputy Governor, Dr Kadri Obafemi Hamzat, stated that the return to the road not only marks the fulfilment of a promise made during a recent visit on June 2, 2019, to the people of the State by this administration but is also designed to bring relief to commuters who daily experience

By Modupe Gbadeyanka The President-elect, Mr Bola Tinubu, has left the shores of Nigeria for Europe on a working visit, a statement from his team said. He travelled out of the country on Wednesday afternoon and would be expected to woo investors on the continent as he prepares to assume office later this month. President Muhammadu Buhari, who is currently in the United Kingdom for an extended stay because of an appointment with his dentist, is expected to hand over the reins of the country to Mr Tinubu on May 29, 2023. In the statement today, it was disclosed that