Rivers Speaker Edison Ehie Escapes Assassination Attempt

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Adedapo Adesanya The former Governor of the Central Bank of Nigeria (CBN), Mr Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company (NNPC) Limited as he outlined certain restructuring of government organisations. Mr Sanusi, who made this known while delivering his remarks at The Bank Directors Summit at the Congress Hall of the Transcorp Hilton in Abuja, noted that this call was what cost him his job at the apex bank under the Goodluck Jonathan administration. Mr Sanusi, who was CBN governor from June 2009 to February 2014, also insisted that the President

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

By Dipo Olowookere As members of the Senate resume for legislative duties on Tuesday (today), December 12, 2016, one of the major issues that will keep them very busy this week is the 2017 appropriation bill. Tomorrow, President Muhammadu Buhari is expected to present the 2017 budget to a joint session of the National Assembly by 10am. However, one thing that is still bordering observers is the position of the red chamber on the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2017 -2019, yet to be passed. Last week, the upper legislative chamber of the National

By Dipo Olowookere The sale of N15 billion worth of commercial paper by the Rand Merchant Bank (RMB) Nigeria Limited will close today, Wednesday, April 6, 2022. The financial institution is selling the notes to investors as a result of the need to get funds for its short-term working capital requirements and for general corporate purposes. The exercise started on Friday, April 1, 2022, with the paper offered in two tenors of 182 days and 270 days, according to details of the exercise, which has FCMB Capital Markets Limited as the dealer. The commercial paper sale, which is under the

By Modupe Gbadeyanka Treasury bills worth N45.7 trillion were transacted on the floor of the FMDQ OTC Market from January 2018 to August 2018, Business Post has learnt. According to the data obtained from the FMDQ OTC Market Turnover Report, this represents 39.48 percent of the total market turnover for the period under review, which stood at N115.7 trillion. In addition, foreign exchange market transactions comprising Spot FX and FX Derivatives accounted for 37.51 percent, whilst Repos/Buy-Backs product categories accounted for 15.39 percent of overall market turnover. Bonds and Unsecured Placements & Takings, which contributed the least to overall market

While rhinoplasty procedures vary in complexity and expected recovery times, everyone wants to heal faster and minimise downtime after the procedure. The success of the procedure will not only depend on the skill of the surgeon but also the patient’s ability to heal properly. In the past few years, a group of molecules, known as peptides, have increasingly gained significant attention in the medical field for their incredible potential in bolstering the healing process. Simply put, they are a group of naturally occurring or synthetic amino acids that have been shown to optimise healing and recovery times. Let’s take a

By Dipo Olowookere One of the leading telecommunications service providers in Africa, Airtel Africa Plc, has acquired an additional spectrum to support its 4G expansion in the Democratic Republic of Congo (DRC). The central African country is the second largest market of the telco and mobile money provider, with Nigeria as its first. However, the country is the company’s largest country of operation by land size. In a statement issued on Monday, Airtel Africa disclosed that the extra 58 MHz spectrum, spread across 900, 1800, 2100 and 2600 MHz bands, was purchased for $42 million. “The licence for paired spectrum

Rwanda-based service start-up known for its ‘Smart Business in a Box’ solar powered kiosks, ARED, has entered into the Ugandan market, its first expansion into an international market. The company announced that it has set up 10 solar powered kiosks with 10 women micro franchisees. The solar kiosks known as the Shiriki Hubs are run by women and differently abled individuals on a micro-franchisee model. These have been set up in Kampala as well as in the refugee camps of Arua district through which citizens belonging to lower income groups can charge their mobile devices, buy air-time and WiFi connectivity

By Adedapo Adesanya The need to elevate the Nigerian financial markets ecosystem to drive increased domestic and foreign investments which would serve as a catalyst for economic growth through financial inclusion was the premise around the 3rd Annual Tiameetup Conference held on Wednesday, October 16, 2019 in Lagos. The event, organized by Trendonomics, was themed Financial Inclusion: Increasing Market Depth and Breadth and was held at the Nigerian Stock Exchange (NSE). It saw leading industry experts, traders, investors, and analysts cover issues around the Nigerian economy to identify necessary opportunities and gain in-depth insights into how there can be expansion

By Dipo Olowookere The strong performance put up by Dangote Cement, MTN Nigeria and other stocks on Thursday helped return the total value listed equities to the N15 trillion region barely 24 hours after it went below the mark. The price appreciation recorded by 23 stocks from bargain hunting resulted in the one percent growth printed by the Nigerian Stock Exchange (NSE) at the close of transactions yesterday. This increased the All-Share Index (ASI) by 289.63 points to 29,352.13 points and the market capitalisation by N149.4 billion to N15.142 trillion from N14.992 trillion. Dangote Cement led the gainers’ chart with