Sahara Foundation Promotes Environmental Sustainability in Lagos

By Adedapo Adesanya The President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been recognised with the Forbes Africa magazine 2023 Person of The Year award. At a well-attended award ceremony in Cairo, which also included the unveiling of the cover for Forbes Africa’s December 2023/January 2024 edition featuring Mr Oramah as cover personality, Mr Rakesh Wahi, Forbes Africa Founder and Publisher, and Ms Roberta Naicker, Managing Director, said that the award recognised the stellar accomplishments of leading Africans contributing to the development of the continent. “With a career spanning three decades at Afreximbank, Prof. Benedict Oramah is

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 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

As part of its commitments to make payment of bill for energy usage easier for customers, one of Nigeria’s leading Electricity Distribution Companies, Ikeja Electric Plc, has partnered with a multinational retail company, PEP Stores, to enable customers pay bills or recharge their account at designated PEP Stores across Lagos. Under this partnership, post-paid and prepaid customers within IE network can pay their bills and recharge their account while doing regular shopping in PEP Stores located in Gbagada, Maryland Mall, Ipaja, Isolo, Allen Avenue, Ikorodu, Ogba, Awolowo Way, Ojodu Berger, Idimu, Amuwo Odofin, Ogudu and Ikeja City Mall, all in

By Dipo Olowookere The United Kingdom has strengthen its presence in the West African to with the announcement of Ghana becoming the first nation in the region to have a representative of the world’s oldest export credit agency, UK Export Finance (UKEF) stationed in-country. Steve Gray, who will be taking up office at the British High Commission in Accra as the UKEF Country Manager, will work closely with the Department for International Trade team to strengthen trading relations between Ghana and the United Kingdom reaffirming the UK Government’s ambitions for more trade with the Ghanaian market. Through its local presence

By Adedapo Adesanya The Naira opened the week stronger against the US Dollar in the official FX window, the Investors and Exporters (I&E), on Monday, July 10, appreciating by 4.3 per cent or N32.83 to trade at N744.07/$1 compared with last Friday’s value of N776.90$1. According to data obtained from FMDQ Securities Exchange, the turnover for the trading session increased by 33.06 per cent or $24.27 million to $97.69 million from $73.42 million. However, in the Peer-2-Peer (P2P) segment of the foreign exchange market, the local currency depreciated against the greenback yesterday by N6.52 or 0.83 per cent to settle

By Dipo Olowookere Commissioner for Information in Delta State, Mr Patrick Ukah, has called on Deltans to contribute immensely to the development of their places of origin as this is the surest way to leave their footprints on the sands of time. Mr Ukah spoke at St. Theresa’s Catholic Church, Ebu in Oshimili North Local Government Area on Sunday during a thanksgiving service to celebrate the 25th years anniversary of late Prince Israel Amadi-Emina. According to him, the advice to Deltans became imperative since the late Prince Amadi-Emina was instrumental to the development of Ebu Kingdom. The Commissioner stated that

By Dipo Olowookere The management of FINCA Microfinance Bank Plans, Tanzania, has expressed its intention to roll out a new high breed digital business model. Speaking on the 20th anniversary of the lender in Tanzania, FINCA’s Board Chairman, Mr Mike Gama-Lobo, explained that the company was changing its old model with a view to ensuring the new one bring banking services to customers throughout the country reaching the underserved and rural communities. “We are living in challenging times that provides opportunities for disruptions across the board. Our business model needed to change. “We will be rolling out our new high

By Adedapo Adesanya The Special Representative of the Secretary-General for Sudan and Head of the United Nations Integrated Transition Assistance Mission in Sudan (UNITAMS), Mr Volker Perthes, has condemned the eruption of fighting in Sudan. Clashes erupted on Saturday morning between the Rapid Support Forces (RSF) and Sudanese Armed Forces (SAF) in many parts of the capital Khartoum and other areas outside the capital. The SRSG Perthes has reached out to both parties, asking them for an immediate cessation of fighting to ensure the safety of the Sudanese people and to spare the country from further violence. According to CNN,

By Adedapo Adesanya The new week at the NASD Over-the-Counter (OTC) Securities Exchange started in stalemate on Monday, January 25. This was because the major performance indicators finished flat at the close of transactions at the unlisted securities market in Nigeria yesterday. As a result, the market capitalisation of the bourse closed at N529.09 billion, while the NASD Unlisted Security Index (NSI) remained unchanged at 737.39 points. However, the activity chart witnessed movements during the session as the number of shares transacted by investors reduced by 64.9 per cent as only 12,607 units of securities exchanged hands on Monday as against

By Modupe Gbadeyanka Analysts at WSTC Financial Services Limited have described the 11 percent inflation rate target set by the Central Bank of Nigeria (CBN) as “largely optimistic.” On Tuesday, CBN Governor, Mr Godwin Emefiele, disclosed that the apex bank was targeting an inflation rate of between 10-11 percent at the end of this year. He made this disclosure during a meeting in Abuja with the Senate Committee on Banking, which invited him to inform what the CBN was doing about the high interest rates in the Nigerian banking industry. This week, the National Bureau of Statistics (NBS) said inflation