PHOTOS: 20-Storey Building Collapses in Ikoyi Lagos, Workers Trapped

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 Adedapo Adesanya The former Governor of the Central Bank of Nigeria (CBN), Mr Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company (NNPC) Limited as he outlined certain restructuring of government organisations. Mr Sanusi, who made this known while delivering his remarks at The Bank Directors Summit at the Congress Hall of the Transcorp Hilton in Abuja, noted that this call was what cost him his job at the apex bank under the Goodluck Jonathan administration. Mr Sanusi, who was CBN governor from June 2009 to February 2014, also insisted that the President

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Ahmed Rahma In order to keep the aviation industry alive, the federal government has released an intervention fund worth N4 billion to 18 airline operators. The government gave the money to operators with valid air operating certificates (AOCs) and the fund was shared to them according to the size of the carriers. It was gathered that scheduled carriers received N3 billion, while the charter operators were given N1 billion to share. The fund is expected to help them cushion the harsh effect of the COVID-19 pandemic last year. One of the beneficiaries of the government’s intervention, Skypower Express Airways,

By Dipo Olowookere Lagos State Government has unveiled a policy roadmap designed to engender meaningful engagement and enhance the quality of life of the teeming youths of the State. Speaking at the public presentation of the Policy on Tuesday in Alausa, the Commissioner for Youth and Social Development, Mrs Uzamat Akinbile-Yussuf said the Policy is a well-designed framework that clearly articulates and provides roadmap for addressing the needs of Lagos State youths. The Commissioner noted that the evolving socio-economic issues, new and innovative opportunities and the peculiarities of the State made the review of the already existing National Youth Policy

By Modupe Gbadeyanka The Kwara State government is beginning to worry about the decline in the federal allocation to the state as it might become a challenge if nothing is done urgently to boost earnings. The amount shared to the north-central state of the federation reduced again for the second time in November by 8.11 per cent. Also, the allocation disbursed to the 16 local government areas of the state depreciated in the month under review by 4.12 per cent. On Thursday, the Commissioner for Finance and Planning in Kwara State, Ms Florence Olasumbo Oyeyemi, disclosed in a statement that

By Dipo Olowookere IOM Egypt opened its migration health assessment centre (MHAC) for the purpose of providing full health assessments to migrants and refugees migrating from Egypt. The centre, which was opened 16 March, provides services to self-paying Egyptian migrants and refugees going through the resettlement process to five countries: Australia, Canada, New Zealand, the United Kingdom and the United States. The centre also offers full health assessments, including immunization and pre-departure medical screenings with presumptive treatment, to all applicants based on each receiving country’s relevant guidelines. It is a one-stop shop for all activities related to health screening, including

Betting in Nigeria looks a lot different than it did prior to April 2016. At that time, PwC, Nigeria’s gaming industry publication, was a bettor’s number one source of information. Since then, betting has become a major pastime throughout the country. Football Betting As football is the top sport in Nigeria, betting surrounding this sport has been astronomical. It has raised excessive amounts of revenue to keep the country’s budget healthy. Sports bettors throughout the country regularly gamble on the details and outcomes of games played in the Spanish La Liga, and English Premier League. Expansion Of The Nigerian Betting

By Aduragbemi Omiyale The Chief Executive Officer of the Nigerian Exchange (NGX) Regulation Limited, Ms Tinuade Awe, has tasked capital market stakeholders to come up to speed with recent trends in climate disclosure by paying closer attention to climate-related financial risks and opportunities in their business operations in line with the recommendations of the Financial Standards Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD). Speaking at the virtual training on climate disclosure jointly hosted by NGX Limited and NGX Regulation in collaboration with UN Sustainable Stock Exchanges (SSE) Initiative, International Finance Corporation (IFC) and Carbon Disclosure Project (CDP) in

By Steven Edge As internet connectivity is becoming increasingly ubiquitous and more accessible across Africa, brands are now faced with little choice but to invest in digital media campaigns. You can’t, after all, reach these growing audiences if you aren’t active in this space. In order for digital media campaigns to achieve their objectives, they require the best possible chance to be effective, and this can’t happen without price transparency.  Unfortunately, that isn’t always a given. Despite many brands being eager to embrace and execute digital campaigns, they often struggle to do so. That’s because middlemen typically levy a substantial

By Modupe Gbadeyanka Investors in Nigeria willing to put their money in MTN Nigeria may have to wait till May 2018 or longer than that to achieve this aim. MTN Nigeria is unarguably the biggest telecommunication company in the country, providing GSM services to millions of subscribers in the Africa’s largest economy. There had been plans by the firm to list its shares on the floor of the Nigerian Stock Exchange (NSE) but a huge fine slammed on it by the Nigerian government in 2015 for failing to disconnect unregistered SIMs on its network created a setback to the listing