Osinbajo Speaks on Involvement in Kogi Plane Crash

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

By Bliss Okperan Governor Abba Kabir Yusuf of Kano State has presented another supplementary budget to the Kano State House of Assembly. Recall that about two months ago, the Governor presented a supplementary budget of N58 billion to the state legislative arm of government. On Tuesday, he approached the parliament for approval for another supplementary budget of N24 billion, noting that the funds would be used for the settlement of gratuity and personnel costs. According to him, the payment of gratuity will gulp N20 billion, while N4 billion is for personnel costs. The first and second supplementary budgets under Mr

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Dipo Olowookere A new online registration portal to make the process of profiling professionals in the financial reporting sector in the country easier has been launched by the Financial Reporting Council of Nigeria (FRC) in line with the federal government’s executive order on ease of doing business. The new platform was unveiled in Lagos recently by the Executive Secretary of FRC, Mr Daniel Asapokhai,who said the new portal supersedes the one introduced in 2013. The FRC chief said the new registration platform will ensure members’ names appear on the online register of professionals, making it easier for members of

By Adedapo Adesanya Transactions at the NASD Over-the-Counter (OTC) Securities Exchange closed higher by 0.76 per cent on Tuesday, March 8 on the back of the gains printed by three stocks. Niger Delta Exploration and Production (NDEP) Plc recorded a gain of N8 or 4 per cent to close at N200.00 per share in contrast to N192.00 per share it closed on Monday. On its part, FrieslandCampina WAMCO Nigeria Plc appreciated by N2 or 1.6 per cent to settle at N125.00 per unit compared with the preceding day’s closing price of N123 per unit. As for Central Securities Clearing Systems

By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited has won a court decision that will temporarily block Exxon Mobil Corporation from selling its assets in the country to Seplat Energy Plc. According to the company (Seplat) in a statement earlier this week, a judge in the Federal Capital Territory (FCT), Abuja, granted the NNPC  an “order of interim injunction” on July 6 barring Exxon “from completing any divestment” in a unit that ultimately operates four licenses in the country. Seplat, based in Lagos, agreed to acquire the US oil major’s subsidiary for at least $1.28 billion in February.

By Dipo Olowookere Bonds worth N20 billion issued by Flour Mills of Nigeria Plc in February 2020 were on Thursday, April 9, 2020, listed on the Nigerian Stock Exchange (NSE). The papers, sold in two tranches by the company from February 3 to February 14, 2020, were admitted to the exchange today. The Series 3 fixed rated senior unsecured bonds were offered to investors under the company’s N70 billion bond issuance scheme. Business Post gathered that N12.5 billion of the tranche A were sold at 10 percent with 3-year tenor, while N7.5 billion worth of the tranche B were issued

By Dipo Olowookere The management of Lagos State University Teaching Hospital (LASUTH) has said it would investigate an allegation that one of its personnel was involved in the issuance of fake COVID-19 certificate to a traveller. A new investigative platform founded by Mr ‘Fisayo Soyombo, Foundation for Investigative Journalism, had published a report written by one Adeola Oladipupo, alleging that an official of LASUTH connived with those at the Biosafety Laboratory, Yaba to give out fake COVID results to travellers. But LASUTH distanced itself from the allegation, stressing that being a reputable public health organisation, it does not harbour such

The Public Relations Consultants Association of Nigeria, (PRCAN), in line with its objective to build capacity amongst its members and the Nigerian public relations industry at large, is set to hold the nineteenth edition of its acclaimed professional training, The PRCAN Masterclass. The session, which is scheduled to hold on Friday April 26, 2019 at the Adna Hotel in GRA Ikeja Lagos, will focus on: ‘An Introduction To Integrated Marketing Communications’. As usual, it will feature seasoned practitioners in the IMC industry from as facilitators, including Dr Celey Okogun, Chief Executive Officer, Silverbullet PR and Mojisola Saka, Chief Operating Officer,

By National Daily Mixed reactions have stated trailing the official report of the National Bureau of Statistics (NBS) that Nigeria has exited recession. According to earlier report by the NBS, Nigeria’s GDP growth for Q2 of 2017 grew by 0.55 percent, halting five quarters of negative growth. According to experts, the growth of 0.55 percent only does not compensate for the lost ground, it is also below expectations considering the low base the growth is starting from. Reacting to the report, experts at SBM Intelligence said the least negative growth in any quarter was -0.67 percent in Q1 of 2016.

By Modupe Gbadeyanka More winners have emerged in the Stanbic IBTC Reward4Saving promo designed by Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, to reward its customers. At the quarterly draws held recently, 77 customers were rewarded with cash prizes by the financial institution, with 10 walking away with N100,000 each and seven going home with N1 million each from the seven regions where winners were selected. The winners of this quarterly draw emerged across seven geopolitical zones of Nigeria, namely the South-South, South-West, South East, North West, and North Central, as well as the Mainland and Island areas