PTAD Faults Technological Glitches for Non-Payment of Lagos Pension

By Modupe Gbadeyanka A foremost search engine platform, Google, has released the findings of its 2023 Year in Search for Nigeria, showcasing the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention throughout the year. Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do. In Nigeria, this year’s results show a heightened interest in lifestyle, local politics, and notable personalities such as Moyo Lawal, Peter Obi and Oladipupo Oladimeji, aka Oladips, who topped the trending people’s

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 President Bola Tinubu came under immense criticism as Nigeria’s party was the highest from Africa at the ongoing COP28 in Dubai, United Arab Emirates (UAE). According to a list published by the United Nations Framework Convention on Climate Change (UNFCCC), Nigeria is also third-highest overall in number of delegates at the conference. The provisional total for COP28 indicates that 81,027 delegates registered to attend the summit in person, with a further 3,074 attending virtually, this takes the overall total to 84,101. The figure is 30,000 more than those who travelled to Sharm El-Sheikh in Egypt for COP27

By Adedapo Adesanya A three-member panel of the Economic Community of West African States (ECOWAS) Court of Justice has ordered the Government of the Republic of Benin to pay Mr Sunday Adeyemo, popularly called Igboho, 20 million CFA for unlawful detention. The court ordered that the money should be paid within three months. Igboho had on February 10, applied to the court challenging his arrest and detention in the French-speaking country. The ECOWAS court also directed the country to comply with its order and revert to the court with evidence of payment. Igboho was arrested alongside his wife, Ropo, in

By Investors Hub The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to see further upside following the strength seen in the previous session. A batch of positive earnings news is likely to generate early buying interest, with several big name companies reporting better than expected quarterly results. With traders reacting positively to earnings and economic news, stocks moved notably higher over the course of the trading session on Monday. The major averages added to the strong gains posted last week. The major averages ended the day firmly in positive territory but off

By Modupe Gbadeyanka Residents of the Ojokoro community in the Ifako/Ijaiye area of Lagos State have benefitted from the free cataract surgeries performed by the Lagos State University Teaching Hospital (LASUTH) in collaboration with a group known as Friends of LASUTH. This is part of its corporate social responsibility (CSR) initiative aimed at giving back to society and an offshoot of a free medical outreach the hospital held earlier in the year. Over 500 beneficiaries were screened during the outreach, and 48 people were diagnosed with cataracts and scheduled for free operations at LASUTH. The Chief Medical Director of LASUTH,

By Modupe Gbadeyanka The Executive Director, Heritage Bank, Mr Jude Monye, has said deposit money banks (DMBs) would have loved to lend to advertising players but some issues are making them be reluctant to do so. Speaking at the 2021 Out-of-Home Advertising Conference and Exhibition organised by the Lagos State Signage and Advertisement Agency (LASAA), Mr Monye described these obstacles as “unstructured issues” which he said if addressed, would make the sector attractive to banks. “I think lots of unstructured issues that we face and most of the banks that you see on digital media outside is not borne out

By Adedapo Adesanya The NASD over-the-counter (OTC) Securities Exchange recorded no gain or loss on Wednesday, September 28, as weak investors’ appetite weighed in on the market. During the session, the bourse, which admits unlisted securities, saw the market capitalisation remain at 963.94 billion as the NASD Unlisted Securities Index (NSI) remained intact at 732.25 points. The midweek’s market data revealed that there was a slump in the units of securities exchanged by investors by 97.7 per cent to 4,361 units from the preceding day’s 189,296 units. The value of securities traded amounted to N763,435.00 compared with the previous day’s

By Modupe Gbadeyanka As part of drive to rid Bauchi State of malaria especially at educational institutions, the state government, through its agency for the Control of HIV/AIDS, Tuberculosis and Malaria (BACATMA) had, distributed a total of 2085 Long Lasting Insecticidal Mosquito Nets (LLINs) to students and staff of Government Girls College Sakwa and Government College, Azare. The exercise, which happened on Monday, September 25, 2017, was conducted under a special partnership between the Bauchi State Agency for the Control of HIV/AIDS, Tuberculosis and Malaria (BACATMA) and Bauchi State Special Schools Management Board. According to the Executive Secretary of the

By Modupe Gbadeyanka A guidebook for financial market operators and practitioners titled Financial Intermediation: Operations and Practice has been launched by Mr Seye Adetunmbi. The unveiling of the piece was done virtually, with some heavyweights in the nation’s capital market in attendance, including Mr Atedo Peterside, Mr Dele Fajemirokun of AIICO Plc, Mr Ibikunle Amosun, Mr Lamido Yuguda, the Director-General of the Securities and Exchange Commission(SEC); Mr Oscar Onyema, the CEO of the Nigerian Stock Exchange (NSE); Ms Arunmah Oteh, former CEO of NSE; Mr Bola Ajomale, the MD of NASD Plc; amongst several others. Mr Adetunmbi, while speaking at

By Dipo Olowookere Worried by the allegation that the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC) failed to remit about $5.4 billion made from the sale of crude oil for Nigeria from 2013 to date, the Senate has ordered a probe into the matter. At the plenary on Tuesday, the upper legislative chamber of the National Assembly frowned at the alleged act and vowed to “get to the bottom of this serious matter in an attempt to put an end to this.” A member of the Senate, Mr Dino Melaye, had called the attention of

By Dipo Olowookere A meeting of the board of directors of Stanbic IBTC Holdings Plc has been scheduled for Thursday, February 1, 2018. The meeting, which kicks off by 10am on the said day, is slated to take place in Lagos. A statement issued by the firm on Thursday disclosed that during the meeting, members of the board will consider firm’s consolidated and separate audited financial statements for the period ended December 31, 2017 as well as a dividend proposal. “In accordance with the provisions of Section 1.2 of the Rules of the Nigerian Stock Exchange (NSE) relating to board