Police Receive Refurbished APC In Obukun

By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

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 Investors Hub The major U.S. index futures are currently pointing to a higher opening on Friday, with stocks likely to extend the strong upward move seen over the two previous sessions. The futures remained positive even though a closely watched Labor Department report showing employment in the U.S. increased by less than expected in the month of August. The report said non-farm payroll employment rose by 130,000 jobs in August after climbing by a downwardly revised 159,000 jobs in July. Economists had expected employment to increase by about 158,000 jobs. Despite the weaker than expected jobs data, the markets

By Modupe Gbadeyanka The first three months of 2017 can be said to be very rewarding for one of the leading Nigeria-based pharmaceutical manufacturing companies, Fidson Healthcare Plc. During the period, the company saw its profit rise magnificently by 465 percent from N28.5 million as at March 31, 2016 to N161 million in March 2017. This was largely influenced by some initiatives carried out by management of the firm. Similarly, the profit before tax of the company grew from N43.8 million recorded in 2016 to N236.7 million in 2017. Equally, Fidson Healthcare experienced an increase in its revenue in the

From May 29-30, 2019 in Banjul, The Gambia, the Economic Commission for Africa (ECA) and the International Trade Centre (ITC) held a Gambian Private Sector Workshop on the African Continental Free Trade Area (AfCFTA). The AfCFTA was launched on March 21, 2018 in Kigali, Rwanda and a year later, the Gambia was the 22nd nation (the minimum threshold needed for the Agreement to enter into force) to ratify the agreement and deposit its instruments of ratification with the AU Commission Chairperson. As a result, the AfCFTA entered into force on May 30, 2019. The AfCFTA means expanded market access, lower

By Modupe Gbadeyanka Chief Press Secretary to the Lagos State Governor, Mr Gboyega Akosile, will lead other stakeholders in the nation’s integrated marketing communication industry to the maiden edition of the 2020 Industry Evening with Goddie Ofose Summit. The event is slated for March 6, 2020 at Sheraton Hotel Ikeja Lagos. It will bring together practitioners within the agencies and corporate organisations to discuss developing issues in the industry. The brain behind this initiative, Mr Goddie Ofose, one of the most renowned and revered brand journalists in the country, said in a statement that the theme for this year’s edition

By Dipo Olowookere The federal government has increased the pump price of premium motor spirit (PMS) commonly called petrol to N212.61 per litre. This announcement was made on Thursday night by the Petroleum Products Pricing Regulatory Agency (PPPRA), an organisation established by the government to control the price of petroleum products in the country. Before now, there had been rumours that the government was planning to hike the price of the commodity and this brought about the reemergence of queues at petrol stations in some parts of Abuja and Lagos. However, the government refuted the rumours and consumers were assured

By Adedapo Adesanya The Naira depreciated by 50 kobo or 0.12 per cent against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Monday. The exchange rate of the local currency against the greenback closed yesterday at N416.50/$1 compared with N416.00/$1 it ended at the preceding trading session, which was last Friday. The domestic currency suffered the loss yesterday amid an increase in the demand for forex at the special FX market window created by the Central Bank of Nigeria (CBN) to meet the needs of high forex users. According to data from

By Modupe Gbadeyanka A major labour union in the oil and gas sector on Wednesday staged a peaceful protest at the premises on General Electric (GE) office in Lagos. The union, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), accused the firm of high handedness. It said despite the intervention of the Minister of Labour and Employment, Mr Chris Ngige, General Electric was yet to honour the agreement reached at a meeting in Abuja. PENGASSAN said General Electric has failed to pay some workers ARCO Group, its servicing subsidiary, as it promised the Minister during the meeting. The

By Modupe Gbadeyanka The headquarters of Eko Electricity Distribution Company (EKDC) in Marina, Lagos was yesterday besieged by some operators of the Micro, Small and Medium Enterprises (MSMEs) at the popular Sura Complex in Lagos Island. The Sura Complex is a multipurpose business community with over 1,000 shops comprising caterers, printers, tailors, producers of locally made gift items and other MSMEs requiring constant supply of electricity for production. During the demonstrators, the business owners said they were not happy with the poor electricity supply to their business community by the firm. Chairman of the association of shop owners at the