Oil Theft: Group Tells NSA Ribadu to Name Vandals, Renew Tantita Contract

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 Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

By Adedapo Adesanya The social messaging platform, WhatsApp, has announced that rather than users deleting chats in case of a typo, they can now make simple edits. The edited messages will have an “edited” tag next to the time stamp to mark the change, and other users won’t be able to see the previous versions of edited messages. The Meta-owned platform, through its chief executive officer, Mr Mark Zuckerberg, first noted the development in a Facebook post, revealing that users can now modify a message within 15 minutes of sending the message. If users want to do this, they can

By Dipo Olowookere A new association has been launched by past and present Business Editors across the country. The new body is called Association of Business Editors of Nigeria (ABEN) and its Chairman is the former Editor of Vanguard Newspaper, Mr Omo Gabriel. Speaking at the inauguration of ABEN, Mr Gabriel said forming the body was very tough because of different factors including registration of the group with the Corporate Affairs Commission (CAC). Commenting on the economy, the ABEN chief said despite all efforts made by the different political dispensation to resuscitate it, the Nigerian economy has continued to defy

By Modupe Gbadeyanka Former Chairman of the United States Commodities Futures Trading Commission (US CFTC), Mr James Stone, has highlighted the ‘Pluses and Pitfalls of Derivatives Trading’. The financial expert was at the Nigerian Stock Exchange (NSE) last Thursday to deliver a lecture on the above topic. The stock exchange plans to launch the Exchange Traded Derivatives (ETD) later this year and Mr Stone was invited to provide enriching perspectives and strengthen the capacity of capital market operators, who create value for investors through their operations on the NSE. In his lecture, Mr Stone noted that derivatives did not cause

By Modupe Gbadeyanka Leading soap and cosmetic manufacturer, PZ Cussons Plc, has said it is not expecting much from its businesses in Nigeria. A subsidiary of the British firm in the Africa’s largest economy, PZ Cussons Nigeria Plc, is listed on the local stock exchange based in Lagos. In its trading update for the third quarter ended February 29, 2020, PZ Cussons said revenue from its African operations declined overall in the period under review. It further said continued growth in Electricals and in selected premium brands from the continent was impacted by continued decline in its value brands in

By Dipo Olowookere A need to come up with concrete actions on climate was emphasised at the second edition of the Climate Chance World Summit held in Agadir, Morocco. “This edition reveals once again that international civil society continuously expect such meetings and talks, and reaffirms its determination to assert its natural role in the fight for climate,” said Ronan Dantec, President of the Climate Chance Association, at the closing of the summit. The summit was concluded with the signature of ‘The Statement of Agadir’, supported by many Moroccan non-state actors and signed by many of the world’s major networks

By Adedapo Adesanya The management of Kano Electricity Distribution Company (KEDCO) has urged the general public, particularly those vandalising its equipment and installations, to desist from such in view of the danger it poses to their safety. This warning was made in a statement signed by KEDCO’s Head of Corporate Communications, Mr Ibrahim Sani Shawai, to its franchise states in the country. The company noted that “the management caution is coming following the incident that happened in one of its installations where a man was electrocuted while trying to vandalize KEDCO cables. “He was, however, unlucky when power was restored

By Adedapo Adesanya The International Finance Corporation (IFC) has announced a $13 million investment in the Africa Conservation and Communities Tourism Fund (ACCT Fund) to support the post-pandemic recovery and sustainable growth of sub-Saharan Africa’s ecotourism sector. The investment will support ecotourism businesses in and around conservation areas in East and Southern Africa, with a focus on South Africa, Botswana, Kenya, Namibia, Tanzania, and Zambia. The ACCT Fund will invest in operators of safari camps, hotels, and lodges, helping them address liquidity shortages while recovering from the impact of the COVID-19 pandemic. The fund will also help them refurbish, renovate,

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further appreciated by 1.07 per cent on Thursday on the back of buying pressure on Dangote Cement, MRS Oil, Unity Bank and others. MRS Oil topped the gainers’ chart yesterday with an appreciation of 9.83 per cent to N12.85, Courteville grew by 8.70 per cent to 50 Kobo, Unity Bank improved by 8.33 per cent to 52 Kobo, Dangote Cement expanded by 7.77 per cent to N238.50, and Mutual Benefits increased by 3.70 per cent to 28 Kobo. Conversely, Julius Berger ended the session on top of the losers’ table after its