PDP Needs Help to Overcome Trauma of Colossal Electoral Loss–Tinubu

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Adedapo Adesanya Nigeria has put the presidential aircraft, Falcon 900B, up for sale with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft. It was not disclosed how much the craft would be sold, according to a tweet on the official Nigerian Air Force page on X, formerly known as Twitter, where it said the aircraft was put up for sale following the federal government’s approval. “The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” NAF said in a

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

I am delighted to be to be here with you today at this year’s Google for Nigeria event. Just couple weeks back, it was a special pleasure to be welcomed to the Googleplex by Google CEO, Sundar Pichai and his great management team. We all have very warm memories of that visit, and I am truly grateful for your kindness and warm hospitality. About three months ago, I spoke at an event at the Warwick University on the subject “The African Century.”  The substance of that speech was that this century is Africa’s century. Why? Because Africa will, for good

By Gregory Kronsten After an interval of more than six months, we are looking again in our column at the prevalence and impact of COVID-19 in South Africa. It has been by far the worst affected country on the continent, with 52,660 deaths to date according to the latest data from Johns Hopkins University in the United States (and 2,080 in Nigeria). The comparable figures in mid-August were 10,600 and 950 respectively. It does not require a statistician to notice that the rate of acceleration between the two data points differs greatly but it does require one to scrutinize the

By Dipo Olowookere The news last Monday of a merger between Chemical and Allied Products (CAP) Plc and Portland Paints and Products Nigeria Plc pushed the stocks of the latter higher by 32.20 per cent last week. In the four-day trading week, shares of the paint maker moved from N2.05 per unit to N2.71 per unit, closer to the N2.90 CAP is offering holders of Portland Paints equities. The proposed consideration represents a 45 per cent premium to the last traded share price of Portland Paints on October 16, 2020, being the last business day prior to the date on

By Dipo Olowookere FCMB Group Plc has announced the retirement of Dr Jonathan Long from the board of the company following several years of meritorious service. The financial group made this known in a statement issued today after the board accepted his retirement through a written resolution dated April 11, 2018. Dr Long was appointed Chairman of FCMB Group Plc in 2013, but retired from the position on Thursday, March 8, 2018, according to the statement. In the statement signed by the Company Secretary, Mrs Olufunmilayo Adedibu, FCMB said it has appointed Mr Oladipupo Jadesimi to succeed Dr Long as

By Dipo Olowookere The portfolios of investors at the nation’s stock market expanded by N390 billion on Thursday after the bourse appreciated by 2.10 per cent. Bargain hunting across the sector contributed to the growth achieved yesterday, lifting the All-Share Index (ASI) above the 36,000 threshold after it moved up by 746.47 points to 36,239.62 points from the previous day’s 35,493.15 points. In the same vein, the performance of 30 equities, which appreciated in value, expanded the market capitalisation of the exchange by N390 billion to N18.941 trillion from N18.551 trillion. On Thursday, the insurance sector was the best-performing, rising

  As part of its efforts to eradicate clickbait headlines, social media giant, Facebook, has updated its algorithm to tackle such headlines from its News Feed. Facebook said the rate at which bloggers use its platform to ‘deceive’ readers through its (Facebook) was becoming worrisome. “We are updating News Feed by using a system that identifies phrases that are commonly used in clickbait headlines,” Facebook research scientist, Alex Peysakhovich, said. Facebook pointed out that some bloggers use its platform to post sensational headlines that lead to inaccurate and misleading content once clicked on. With the new update, relevant posts like

By Emmanuel Otori The Micro, Small and Medium Enterprises (MSMEs) sector is estimated to have over 40 million small businesses in Nigeria and contributes over 50 per cent to the Gross Domestic Product (GDP) with respect to job creation and national development. Despite the scale at which the industry is contributing to the growth and development of the economy, especially as the population of Nigeria continues to increase exponentially, there are some gaps that need to be filled and they are; Lack of Structure Most MSMEs fail in their first few years of starting out because they lack structures such

By Modupe Gbadeyanka It is a new week and investors are looking forward to fruitful trading sessions and how the market will react to the action taken on Oando Plc last weekend. The market is going to open only for three days this week as a result of the two-day holidays on Tuesday and Wednesday to mark the end of Ramadan by Muslims in the country. As usual, analysts at Meristem Research have released their recommendations for this week, which gives investors an idea of which stock to buy, sell or hold. They are of the view that investors will