Omu Resort Revamps Host Community’s Road to Boost Economy

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Dipo Olowookere Organisers of AfricaBuild Lagos have fixed March 6 to 8, 2018 for the third edition of the event slated to take place at the Landmark Centre in Lagos. The event will bring together Nigeria’s key building and interiors professionals and present products from international manufacturers and suppliers from around the world. The range of exhibits is extensive and includes architectural facades, bathroom equipment & sanitary engineering, building materials & equipment, climate control equipment, construction machinery & equipment, doors & locks, finishing materials, fireproof equipment, flooring, gates & automation, hardware & tools, heating & water supply, paints &

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 Modupe Gbadeyanka Members of the Renewable Energy Association of Nigeria (REAN) have elected Mr Segun Adaju as president for another term of two years. The energy expert is the founder and Chief Energizing Officer of Consistent Energy Limited, a stand-alone rooftop solar energy company incorporated in 2015 to provides affordable, reliable and clean solar energy solution to small business, residential, schools and offices for productive uses. In November 2016, Mr Adaju served as the interim president of REAN when the group was established. Two year later, he became the substantive president of the association, achieving tremendous progress by making

By Modupe Gbadeyanka Owners of small businesses in Niger State have been supported with N1 billion funding package to help them grow bigger. Commissioner for Information and Strategy in the state, Mr Danjuma Sallau, explained that the fund was mainly to cushion the effect of economic situation in the Niger State. He enjoined beneficiaries to judiciously make use of the money to grow their businesses, which he said should improve economy of the state. Mr Sallau, during a reception organized in his honour by the Association of Small Scale Businesses Operators in Minna, the state capital, said the role of

By Dipo Olowookere On Monday, Kenya cross-listed its first green bond on the London Stock Exchange (LSE) at a ceremony witnessed by President Uhuru Kenyatta, who was honoured with ringing of the bell to start the trading day. Mr Kenyatta was in London alongside other African leaders to attend the inaugural UK-Africa Investment Summit hosted by Prime Minister Boris Johnson. Last week, the Sh4 billion bond issued by British property developer, Acorn Holdings, was listed at the Nairobi Securities Exchange (NSE). Acorn Holdings, which has its base in Nairobi, the Kenyan capital, plans to use proceeds from the debt instrument

By Dipo Olowookere The board of Transcorp Hotels has been given the go-ahead to offload all the company’s stake in loss-making Transcorp Hotels Calabar Limited. The company’s subsidiary in Cross River State has not been profitable, and shareholders are growing impatient with the development. At the Annual General Meeting (AGM) of Transcorp Hotels last Monday in Abuja, shareholders authorised the board to sell off the company’s 100 per cent stake in the entity because it was not making a positive contribution as expected. In a notice filed to the Nigerian Exchange (NGX) Limited, Transcorp Hotels confirmed that this was one

By Dipo Olowookere Governorship aspirant of the All Progressives Congress (APC) in Lagos State, Mr Babajide Sanwo-Olu, has assured residents of the metropolis of proper tax levels. Mr Sanwo-Olu gave this assurance while reacting to Governor Akinwunmi Ambode of Lagos State’s jab at him during a press conference held in Ikeja on Sunday afternoon. In a statement issued by his media team, Mr Sanwo-Olu said if given the chance to be Governor of Lagos State, his administration will focus on improving the economy of Nigeria’s commercial capital. At a world press conference yesterday, Mr Ambode had said his main challenger

By Modupe Gbadeyanka A bill to prohibit late payment of salaries, pensions and other emoluments of workers has passed the second reading in the House of Representatives. The bill is titled A Bill for an Act to prohibit late payment of Workers’ Wages, Pension and Other Emolument in Nigeria and Prescribes penalties for Violation; and Related Matters. It was sponsored by the Speaker of the House, Mr Femi Gbajabiamila, and scaled the second reading during plenary on Tuesday in Abuja. Upon securing the second reading, the piece of legislation was referred straight to the Committee of the Whole for consideration,