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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

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

By Modupe Gbadeyanka A creative studio, EPAC Studios, has been unveiled by Ecobank Nigeria Limited to promote talents in the showbiz industry in Africa. The bank disclosed in a statement that the facility would be used to carefully tell “authentic African stories in art, culture, lifestyle, and entertainment.” According to the Head of Marketing and Corporate Communications at Ecobank Nigeria, Mr Jide Sipe, the initiative is to showcase further and develop the creative industry, adding that the space is an open canvas for the public to explore, collaborate and create premium indigenous content for television, online and mobile platforms. EPAC

By Modupe Gbadeyanka The invasion of the premises of Pan Ocean Oil (Nigeria) Limited on Thursday by those believed to be representatives of the Asset Management Corporation of Nigeria (AMCON) has been condemned by the management. In a statement by the organisation’s media representatives, Caritas PR, the energy firm described the attempted takeover as “illegal.” In the statement signed by the Senior Media and Communications Executive at Caritas PR, Mr Mutiu Yekeen, it was stressed that AMCON carried out the act yesterday despite a pending lawsuit marked FHC/L/CS/552/2020 before the Court of Appeal in Lagos. “On July 2, 2020, a

By Adedapo Adesanya The Professional Insurance Ladies Association (PILA) has elected Mrs Joyce Ojemudia, the General Manager, Marketing at Linkage Assurance Plc, as its 13th President. With the election of Mrs Ojemudia, she will take over from Mrs Ose Oluyanwo and will hold the premiership of the association for the next two years. In the next two years, the new President said her priorities for the term of office are the completion of the association’s secretariat and capacity building, which are crucial in enhancing the association’s brand equity and creating a reservoir of manpower in the industry. “The completion of

By Adedapo Adesanya The Naira appreciated against the United States Dollar on Tuesday by 0.31 per cent or N1.33 at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market to close at N419.00/$1 compared with Monday’s rate of N420.33/$1. The appreciation in the value of the Naira happened amid a slight increase in FX transactions at the investors’ window, according to data from the FMDQ Securities Exchange. The forex turnover recorded yesterday was $87.06 million, 1.3 per cent or $11.81 million higher than the $75.25 million achieved in the preceding trading day. Also, the Nigerian Naira appreciated

By Ashemiriogwa Emmanuel President Muhammadu Buhari has revealed that arrangements are on top gear to complete the Ibadan-Kano rail line, one of the railway projects of his administration aimed at connecting different parts of the country. He mentioned this while presenting the national budget for the year 2022 to the National Assembly worth N16.39 trillion. It would be recalled that earlier this year, the Minister of Transportation, Mr Rotimi Amaechi, had said that the federal government was to begin work on the construction of the Ibadan-Kano rail project as soon as the Chinese government approves the sum of the $5.3

By Dipo Olowookere Shareholders of Zenith Bank Plc will be paid an interim dividend for the first half of 2020, a notice from the financial institution has hinted. However, the amount to be paid by the lender to investors of the company has not been disclosed and the payment is subject to the approval of the Central Bank of Nigeria (CBN). On Thursday, the board of Zenith Bank held a meeting to consider the financial statements of the organisation for the period ended June 30, 2020. During the meeting, which also had the issue of payment of an interim dividend

The upward movement of Nigeria by 15 steps on the latest World Bank’s 2020 Doing Business Index (DBI) has been received with joy by President Muhammadu Buhari. A statement on Thursday by one of the President’s media aides, Mr Femi Adesina, quoted Mr Buhari as saying that “the movement of 15 places to 131 as well as the recognition being given to Nigeria as one of the top 10 most improved countries, that have implemented the most reforms this year, is significant because we were not even able to achieve some of the key reforms we had pursued, but what

By Dipo Olowookere Chairman of the Senate Committee on Local and Foreign Debts, Mr Clifford Ordia, has accused 10 Ministries, Departments and Agencies (MDAs) of the federal government of failing to appear before the panel to defend what they intend to get from the almost $30 billion loan request of President Muhammadu Buhari. The President had sent a letter to the upper chamber of the National Assembly (NASS) to seek its approval for a borrowing from external sources of up to $29.96 billion. He had informed the parliament that this was part of the 2016-2018 borrowing plan of his administration.