Oyo to Distribute N8.6bn Palliatives to Residents

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 Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

By Dipo Olowookere Governor Udom Emmanuel of Akwa Ibom State has disclosed that his administration was partnering with the World Bank to execute erosion control project worth N52 billion on IBB Way in Uyo, the state capital. Addressing journalists on Wednesday in Uyo to mark the state’s 29th anniversary, Mr Emmanuel emphasised that the state government was committed to providing a lasting solution to the perennial flooding on IBB Way and in some parts of the state capital. He said, “The cost of taking water in that area, which is almost below sea level is exorbitant, especially at the current

Alcatel has hit the road for its 2016 road show across Nigeria. The brand will be visiting ICT markets, shopping complexes and tertiary institutions across the South-West and South-South parts of the country in the month-long road show which is aimed at showcasing the full range of Alcatel’s affordable devices to consumers. Speaking on the road show, Nick Imudia, Regional Director, Alcatel Nigeria and Central Africa, said, “At Alcatel, we take pride in the fact that we’ve reduced the price points for premium products. Our devices are stylishly designed and packed with premium features but come very affordable. We want

By Adedapo Adesanya In what appears to be an imbalance in figures, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday claimed that Nigerians consume about 66.89 million litres of petrol daily. This was in an attempt to provide clarification on Nigeria’s actual fuel consumption figures, following varying figures making the rounds over the last couple of weeks. This is in contrast to the 98 million litres announced by the Nigeria Customs Service (NCS) and 68 million published by the Nigerian National Petroleum Company (NNPC) Limited. In a statement in Abuja, the downstream and midstream petroleum sector regulator

By Dipo Olowookere The first trading session of a new week at the Nigerian Stock Exchange (NSE) ended bearish on Monday as a result of sustained profit-taking by investors. The market depreciated by 0.35 per cent despite the gains posted by 23 equities but these stocks were unable to overpower the 16 shares that recorded a decline in value. Business Post reports that GTBank was the heaviest price loser as it went down by N3.15 to settle at N32.85 per share and was trailed by PZ Cussons, which fell by 55 kobo to sell at N5.10 per unit. Flour Mills

A scheme to promote and ensure the adoption of gender sensitive and responsive approaches towards engendering plans and programmes, in such a way that men and women have equal access and control of productive resources and facilities to bridge gender gaps have been launched by federal government. The initiative known as the National Gender Policy in Agriculture was inaugurated by the Minister of Agriculture and Rural Development, Mr Muhammad Sabo Nanono. According to him, the document will provide a policy direction for the different roles of women and men in agriculture for development and gender equality in access to resources

By Dipo Olowookere In order to improve their performances, the managements of Flour Mills of Nigeria Plc and UACN Property Development Company Plc have sold commercial papers worth N20.5 billion to investors. Flour Mills issued N5.18 billion Series 5 and N1.74 billion Series 6 commercial papers under a N100 billion CP Issuance Programme, while UACN Property offered N5.62 billion Series 32 and N7.96 billion Series 33 CP under a N24 billion CP Issuance Programme. Business Post reports that last month, after the commercial papers were issued, the two companies approached the FMDQ OTC Securities for listing. Not too long ago,

By Investors Hub Asian stocks turned in a mixed performance on Monday despite Wall Street shares closing at fresh record highs on Friday after the release of upbeat corporate earnings results as well as solid GDP data. Chinese shares suffered their worst single-day loss in 11 weeks as a sell-off in the bond markets continued and China’s securities regulator approved nine IPOs, raising fresh concerns about liquidity. The benchmark Shanghai Composite Index slid 26.22 points or 0.77 percent to 3,390.59. Hong Kong’s Hang Seng Index fell 102.66 points or 0.4 percent to 28,336.19 ahead of official factory and service sector

By Modupe Gbadeyanka Nigerians have been assured by President Muhammadu Buhari that the anti-corruption campaign of his administration would be successful. In a statement issued by the presidency on Tuesday, the Special Assistant to the President on Media and Publicity, Mr Garba Shehu, said his boss will not be “deterred by baseless criticisms by the opposition in his determination to eradicate rampant, chronic corruption.” According to him, the President was not made the African Union (AU) Anti-Corruption Champion in Africa for the sake of it. Mr Shehu said the country’s main opposition party, the Peoples Democratic Party (PDP), while in