Rivers APC Congratulates Oshiomhole, Others

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Modupe Gbadeyanka The much-anticipated live show of the Nigerian Idol Season 7 commenced last weekend and the audience did not disappoint as they wowed the audience and viewers with their sterling performances. The contestants gave it a whirl in their separate performances in an attempt to woo Nigerian Idol viewers and fans for votes as the two contestants with the least votes would be eliminated in the next round. Abigail opened the floor of the evening with an astonishing rendition of Rain on Me by Lady Gaga. The highlight of her performance was the uniqueness of her voice that

By Dipo Olowookere Six policemen attached to Governor Nyesom Wike of Rivers State have been dismissed by the police authorities over alleged professional misconducts during the December 10, 2016 legislative rerun elections. It would be recalled that the Force had withdrawn all security personnel attached to the Governor for their alleged role in the poll and were ordered to report to Abuja for questioning. They were accused of sabotaging the Independent National Electoral Commission (INEC) while on the side of Mr Wike during a collation exercise in Port Harcourt and also allegedly misused firearms, thereby causing panic. Parading the dismissed

By Investors Hub European stocks have moved to the upside on Tuesday as German political concerns have eased and investors looked for signs of progress from the Senate debate on U.S. tax reform. Investor sentiment also got a boost after all seven of the U.K.’s biggest lenders passed the Bank of England’s stress test for the first time since the test was launched in 2014. While the U.K.’s FTSE 100 Index has advanced by 0.8 percent, the French CAC 40 Index is up by 0.5 percent and the German DAX Index is up by 0.3 percent. In economic news, French

By Dipo Olowookere A notable media entrepreneur and publisher Sahara Weekly, Mr Femi Oyewale, has assumed office as the President of National Association of Online Security Reporters (NAOSRE). Mr Oyewale was elected leader of the association at a peaceful election held in Lagos on October 29, 2020. He was chosen by members to take over from the immediate past President of the group, Mrs Favour Benson. On Thursday, November 12, 2020, Mr Oyewale was sworn-in for the new position after taking an oath of office along with the other members of the executives elected last month. Others sworn-in yesterday were

The year 2022 has been an eventful one. As we close out on all activities of the year and look forward to a new one, it is important that we begin to envisage what the new year portends and be better prepared. The outgoing year has been marked with some remarkable incidences: President Muhammadu Buhari signed the Electoral Act 2022, the CBN issued a string of controversial announcements, the Nigerian government plans to wean off the subsidy regime starting next year, and 5G made it to Nigeria; however, rollouts have been slow. These and many more are the highlights that

By Modupe Gbadeyanka For the second day in a row, prices of crude oil slumped on Wednesday with rising US oil output adding pressure on the market, although OPEC production cuts continued to offer support. Investors in the oil market are awaiting weekly inventories data from the US Energy Information Administration due at 1530 GMT on Wednesday. West Texas Intermediate crude futures lost 15 cents, or 0.3 percent, to $53.86 a barrel by 0723 GMT, and Brent crude gave up 13 cents, or 0.2 percent, to $56.38. “Signs that the U.S. shale industry is recovering weighed on the market,” ANZ

By Modupe Gbadeyanka The management of MTN Group has intensified its preparations for the planned sale of shares in its Nigerian unit later this year. The nation’s largest telecommunications firm is planning to list its equities on the Nigerian Stock Exchange (NSE) in June or July 2018 as part of an agreement it had with the Nigerian government when it reportedly negotiated reduction of the $5.2 billion fine to $1 billion for missing a deadline to disconnect unregistered subscribers amid a security crackdown by the country’s authorities. A report by Guardian on Friday said MTN has appointed more financial institutions

By Modupe Gbadeyanka Yesterday, midweek trade raised the stock value, leaving the Nigerian Stock Exchange (NSE) to post 0.15 percent growth at the close of business. This increase pushed the year-to-date (YTD) return to 31.57 percent mainly influenced by confidence restored to the market after successive losses. Business Post observed that investors are gradually gaining confidence in the country’s equities market, especially with the rise in the Nigeria’s foreign reserves and sustained forex liquidity. Yesterday, the Naira gained N12 against the three major foreign currencies; Dollar, Pound Sterling and the Euro. If there is any better time to invest in