Rice Smuggling: FG to Investigate Nigerian Breweries

By Adedapo Adesanya The Norwegian Floating Production Storage and Offloading (FPSO) leasing firm, BW Offshore, has closed the transaction for the sale of the Nigerian vessel, Abo FPSO, after several short-term charter extensions for $20 million. FPSO refers to a floating vessel located near an offshore oil field, where oil is processed and stored until it can be transferred to a tanker for transporting and additional refining. BW Offshore closed the transaction for the sale of Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC). As part of the transaction, BW Offshore has entered

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 Precious Olisa The Zamfara State Election Petition Tribunal sitting in Sokoto State has upheld the election of Mr Dauda Lawal as the governor of the state. Mr Lawal emerged victorious in the election after contesting to govern the state on March 18, 2023, under the platform of the Peoples Democratic Party (PDP). He defeated the immediate past Governor of the state and current Minister of State for Defence, Mr Bello Matawalle, with an impressive margin of 65,750 votes. The returning officer for the poll had announced that Mr Matawalle, the candidate of the All-Progressives Congress (APC), secured a total

By Olubori Oduntan The dream of Senator James Manager, the four-tenure senator representing Delta South Senatorial District of Delta State at the Senate to launch a return for the fifth time has suffered some setbacks as youths in the district have vowed to scuttle his moves to that effect. Delta South Youth Liberation Movement (DSYLM), a formidable political pressure group comprising the three major ethnic nationalities in Delta South Senatorial District, namely (Ijaw, Isoko and Itsekiri), voiced this plan recently at a news conference held in Ughelli, Delta State. Speaking specifically concerning the 2019 elections as it affects the senatorial

By Aduragbemi Omiyale The Debt Management Office (DMO) has said the total debt owed by Nigeria, which includes the federal and state governments as well as the Federal Capital Territory (FCT) stood at N32.9 trillion as at December 31, 2020. In a statement issued by the agency, it was disclosed that the total debt to Gross Domestic Product (GDP) of the nation in the period under review stood at 21.61 per cent. According to the DMO, the 21.61 per cent debt-to-GDP is still within Nigeria’s new limit of 40 per cent, noting that the various initiatives of the government to

By Modupe Gbadeyanka More important personalities in the country are throwing their weights behind a book being put together by a celebrity journalist, Mr Lanre Alfred, titled Nigeria @60: Foremost Nigerians of the Last 60years. Mr Alfred is the former Society Editor of ThisDay newspaper and his book is aimed at recounting the national history and put on display the roles of the selected players in national development over the years. It also presents a challenge for those key players, who are alive to strive to improve on their roles while also giving the rest of the citizenry the opportunity

By Dipo Olowookere On Thursday, May 18, 2017, one of the world’s leading telecommunications operators, Orange, continued its penetration into the West African market with the launch of its brand in Liberia. The firm acquired Cellcom Liberia through its subsidiary, Orange Côte d’Ivoire, on April 6, 2016, allowing the Group to reinforce its presence in West Africa. After finalising the deal, it changed the name to Orange Liberia. In line with its Essentials2020 strategic plan, Orange has built up a considerable presence in this region, which offers strong growth potential and is a strategic priority for the Group’s development. Following

By Dipo Olowookere Transactions on the floor of the Nigerian Stock Exchange (NSE) further declined on Wednesday as investors continue to take profit. The market continued its downward trend in the absence of any positive news to trigger a buying pressure at the nation’s bourse. At the close of business yesterday, the stock market lost 0.59 percent, leaving the year-to-date loss at 4.87 percent. During trading on Wednesday, the All-Share Index lost 177.69 points to finish at 29,898.31 points, while the market capitalisation decreased by N67 billion to settle at N11.236 trillion. Despite the loss, the market breadth was positive,

By Dipo Olowookere Following the mutual resolution of all concerns between both parties, one of Africa’s largest integrated energy solutions providers, Oando Plc, has affirmed Mr Dahiru Mangal as a substantial shareholder of the company. Mangal owns 17.9 percent share capital of Oando Plc and there would be consideration for him to have a representation on the Board of Oando subject to the provisions of relevant regulatory guidelines. In a statement issued yesterday by Oando Plc, it was disclosed that the parties had successfully addressed and clarified all concerns during a ‘Peace Accord’ facilitated by the Emir of Kano, Muhammadu

By Abdullateef Alagbonsi Water is a necessity for life and it is the responsibility of every responsible government to give priority to provision of good water. The unmatchable importance of hygienic water to human survival has triggered the consciousness of some international organisations to flag off different water provision programs for developing countries including Nigeria. Ilorin metropolis has three water dams (Asa dam, Agba dam and Sobi dam) with capacity to supply water to every part of the city and take care of any expansion in the future. Asa dam, which has capacity to supply water that would cover up

It is safe to say that the award-winning Nigerian singer, songwriter and performer Patoranking is having a great year. Fresh off releasing his new album ‘God Over Everything’, Patoranking took on an East African tour this past week to promote his anticipated debut album. While in East Africa this year, he has already met and collaborated with Tanzanian pop princess Vanessa Mdee of the “Niroge” fame. The two will be produced by South African producer Maphorisa and are expected to feature on Coke Studio Africa season 4. Arriving in Kenya a day after his Dar Es Saalam listening party, Patoranking