Sanwo-Olu Swears in Oluyomi as Finance Commissioner

By Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

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 Dipo Olowookere The sum of N222 billion was lost by the Nigerian Stock Exchange (NSE) on Monday, no thanks to profit takers, who embarked on sell offs. The local bourse depreciated on the first trading day of the week by 2.02 percent, expanding the year-to-date loss to 23.00 percent after the All-Share Index (ASI) reduced by 425.24 points to 20,669.38 points from 21,094.62 points. In the same vein, the market capitalisation decreased by N222 billion to N10.772 trillion from N10.994 trillion. Business Post reports that the activity level was green yesterday as the volume, value and number of deals

By Ashemiriogwa Emmanuel Nigerian multinational telecommunications company, Globacom, also known as Glo, has unveiled a new reward promo tagged Joy Unlimited Extravaganza where its customers stand the chance to win over 500,000 interesting prizes. The company, at a press conference in Lagos on Thursday, announced that these prizes will include various household appliances such as refrigerators, television sets, power-generating sets, to be won by new and existing customers in its network. This is part of the firm’s numerous empowerment promotions like the Everyday Bonanza introduced recently, as well as the My Own Don Beta promos, and also to mark its

By Adedapo Adesanya The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr Muhammad Shehu, has lamented over the number of Nigerians in the tax bracket, saying it is too small compared with the population of the country. In an interview with the News Agency of Nigeria (NAN), he said that less than 40 million Nigerians of the 200 million people (about 20 per cent) are currently included in the tax system and are paying taxes. According to him, Nigerians need to start contributing their taxes to boost government revenue and improve public service delivery. In his words,

By Adedapo Adesanya Brent Crude tumbled by 2.44 percent or 70 cents to $27.95 per barrel on Friday night after Saudi Arabia said it hasn’t recently held talks with Russia to end the price war that began earlier this month. This also caused the West Texas Intermediate crude oil to slide by 4.8 percent or $1.09 to $21.51. Oil prices have crashed more than 30 percent to their lowest level in nearly three years in 2020 following the aftermath of the final meeting between the members of the Organisation of the Petroleum Exporting Countries (OPEC) led by Saudi Arabia and

By Dipo Olowookere President Muhammadu Buhari has refuted reports claiming he did not grant audience to the Kano State Governor, Mr Abdullahi Ganduje, during the recent Eid-el-Kabir holidays, which the President observed in his hometown, Daura, Katsina State. The President, in a statement signed by his Special Adviser on Media and Publicity, Mr Femi Adesina, described the reports as “incorrect.” The statement said the story was probably planted by “mischief makers, who wish to score cheap political points against the Kano State Governor.” Mr Buhari had received the Governor, along with others, a few weeks ago in London, and the

By Nneka Okumazie Choice people are really disciplined people, not those great at correcting others, but those that have a line they don’t cross, no matter the pressure, pain, pleasure or privacy. Lots of people mock the discipline of others, or find it comedic, but many of the problems of the world would have been avoided, assuming most people were disciplined. It is easy to tell others to do whatever they want, until someone else does something terrible that affects them. In fact, an easy way to spot what to run away from is where – in terms of speech,

By Dipo Olowookere The World Health Organization (WHO) through the State Ministry of Health has delivered emergency medical supplies to Mafa and Dikwa IDP camps, two of the 15 areas liberated this year that host more than 75,000 internally displaced persons (IDP). This, the world body said, was in response to the critical health needs of IDPs in Borno State. The medical supplies are in form of Interagency Emergency Health Kit with enough drugs and medical supplies to treat 15,000 people for three months. Malaria and Post-exposure prophylaxis (PEP) kits were also provided. The supplies will be distributed to the

By Dipo Olowookere Governor Abdulfatah Ahmed of Kwara State has approved the appointments of three new Special Assistants. The appointments were announced on Tuesday by Secretary to the State Government (SSG), Mr Isiaka Gold, via a statement. The statement said the three new aides are Hajia AbdulYekeen Sherifa Mojisola as Special Assistant on Social Mobilization, Mr Omoniyi Mukaila Ayinla as Special Assistant on Transport, and of Mr Yusuf Bukar Muhammed as Special Assistant on Non-Governmental Affairs. The SSG congratulated the new appointees and urged them to approach their assignment with the diligence and dedication that recommended their appointments.