Saraki Foils Attempt to Declare Self Acting President

By Bliss Okperan The Lagos State Waste Management Authority (LAWMA) has announced the immediate closure of the popular spare parts market, Ladipo Market, over an “unhygienic environment.” In a statement on Friday, the waste management agency said it shut down the market due to the unwholesome environmental practices by traders who refused to pay for waste services alongside the poor waste management. The Commissioner for Environment and Water Resources in Lagos, Mr Tokunbo Wahab, said the market would remain closed until the mandatory conditions of redress have been met by traders and market stakeholders. “It is imperative that markets in

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Adedapo Adesanya The federal government has declared Monday, October 2, 2023, a public holiday to celebrate Nigeria’s 63rd Independence Day, which falls on Sunday, October 1. The Minister of Interior, Mr Olubunmi Tunji-Ojo, made this known in a statement signed by the ministry’s Permanent Secretary, Mrs Oluwatoyin Akinlade, in Abuja on Thursday. Mr Olubunmi acknowledged the global socio-economic hardship, noting that Nigeria is not excluded. He, however, reasserted the government’s commitment to tackling the issues facing the country to reassure Nigerians. “It is today a known fact that difficult Socio-Economic and Security challenges are global, and Nigeria is not

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 Dipo Olowookere The yield on the one-month treasury bill increased at the secondary market on Monday in the absence of an OMO auction by the Central Bank of Nigeria (CBN). Business Post reports that the 30-day instrument, which ended in the previous session at 9.72 percent, appreciated by 0.50 percent yesterday to finish at 10.21 percent. In the same vein, the 3-month debt instrument recorded a marginal 0.03 percent improvement in its yield to close at 10.10 percent, while yield on the 6-month bill rose by 0.16 percent to finish at 11.25 percent, higher than 11.09 percent in the

By Adedapo Adesanya The seizure of 9.5 million Tramadol tablets and Exol 5 worth over N5 billion in Abuja, Lagos and Edo States has been lauded by the Chairman of the National Drug Law Enforcement Agency (NDLEA), Mr Buba Marwa. In a statement issued on Sunday by the spokesman of the agency, Mr Femi Babafemi, it was stated that the pharmaceutical opioids were confiscated at the Murtala Muhammed International Airport (MMIA) Ikeja, Lagos in an operation carried out in collaboration with the Nigerian Customs Service (NCS). Mr Marwa commended his officers and men for the working relationship with other security

By Modupe Gbadeyanka A system aimed to allow businesses and merchants to collect online payments without stress has been launched by OnePipe and Fidelity Bank Plc. The platform called PayGatePlus is an enhanced version of PayGate, which is Fidelity Bank’s flagship gateway. PayGatePlus helps take away the hassles of irreconcilable payments, reporting and settlement as the comprehensive embedded finance platform empowers organisations in any sector to integrate financial services within their businesses and offerings. Since its soft launch about a year ago, several brands across FMCG, aviation, agency banking and fintech sectors have embedded a range of the services available

By Modupe Gbadeyanka Lagos State government has fixed Monday, August 28, 2017, for the commencement of the second Micro, Small and Medium Enterprises Exclusive Fair taking place at the Teslim Balogun Stadium, Surulere. The event will feature items locally produced by young and upcoming entrepreneurs spread across the state. Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye, who made the disclosure, said that this year’s event themed, ‘Unleashing the Potential of MSMEs for Economic Diversification’, is expected to bring to the fore discourse on the need to focus attention on the development of MSMEs for national development. Mr Ogunleye

By Adedapo Adesanya Kenya agri-tech startup, Twiga Foods, has secured $29.4 million in debt funding from the International Finance Corporation (IFC) to support more than 300 irrigated medium-scale contract farmers to complement Twiga’s seasonal smallholder farmer supply base. Founded in 2014, Twiga Foods is a business-to-business food distribution company that builds fair and reliable markets for agricultural producers and retailers through transparency, efficiency and technology. Twiga will use the funds to set up a distribution centre in Nairobi and deepen its conversion to offering supply chain services for both agricultural and FMCG products. The Nairobi-based company will invest in expanding

By Modupe Gbadeyanka Mr Gavin Young has been appointed as the new Group Managing Director/Chief Executive Officer of Chams Plc effective from November 1, 2019, a statement of from the firm has stated. This followed retirement of Mr Sunday Olufemi Williams as the GMD/CEO of the company after 28 years of meritorious service. According to the statement signed by Mrs Yetunde Emmanuel Company Secretary, Mr Williams has embarked on a three-month terminal leave starting from September 2, 2019, which makes Mr Young to assume the vacant position in an acting capacity with immediate effect. This is to ensure proper handover.

By Dipo Olowookere A strategic partnership has been signed between Fashion One LLC, a New York-based international fashion, entertainment and lifestyle television network, and Virtual Xchange Group, Africa’s leading creative, production and events company. The deal is expected to make African viewers be at the forefront of the latest fashion and lifestyle trends, with Virtual Xchange Group and Fashion One collaborating on the production of bespoke content for African audiences besides showcasing Fashion One’s industry-leading global content. Virtual Xchange Group will also engage a broader audience through collaborative marketing activity on digital platforms. The partnership means that Fashion One will

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.95 per cent on Wednesday following the decline posted by the trio of FrieslandCampina WAMCO Nigeria, Niger Delta Exploration and Production (NDEP) Plc, and CitiTrust Holdings Plc. The trio sliced N9.47 billion from the market capitalisation of the NASD OTC exchange from N997.02 billion to N987.55 billion and depleted the NASD Unlisted Securities Index (NSI) by 7.2 points to end the day at 750.18 points as against the 757.38 points it recorded in the previous session. FrieslandCampina WAMCO Plc led the group of depreciating securities yesterday after its price