Senate Resumes, to Screen Acting CBN Governor, FIRS Chief

By Modupe Gbadeyanka Some public servants in Nigeria have been charged to make use of what they learned from a seven-week AIG Public Leaders Programme (PLP) to drive transformative change from within. This appeal was made by the executive vice chairman of the Aig-Imoukhuede Foundation, Mrs Ofovwe Aig-Imoukhuede, at the conclusion of the programme, offered by the Foundation in partnership with the University of Oxford’s Blavatnik School of Government. It is an executive education scheme that provides high-potential African public servants with the opportunity to acquire the skills needed to create cultures of excellence, effectiveness, and integrity in their organisations.

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya The Nigerian government has outlined its priorities for the upcoming 28th Conference of Parties (COP) in Dubai, the United Arab Emirates (UAE). Speaking to journalists at a pre-COP workshop organised by the National Council on Climate Change (NCCC), the Director General of the council, Mr Salisu Dahiru, said the country has a number of issues dear to its economy and journey towards climate resilience that it hopes to achieve at COP28. COP 28 is the United Nations Climate Change Conference taking place from November 30 to December 12. COP takes place every year and is the world’s

By Adedapo Adesanya The price of Brent crude oil grade slid below $80 per barrel on Wednesday, as it went down by $2.07 or 2.5 per cent to $79.54, its lowest level in more than three months on concerns over waning demand in the US and China. Also, the US West Texas Intermediate (WTI) crude oil grade fell by $2.04 or 2.6 per cent to $75.33 per barrel, also its lowest price since mid-July. According to analysts, the market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the

By Modupe Gbadeyanka The lingering crisis rocking Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Oyo State may soon be over if feelers reaching us are anything to rely on. On Wednesday, representatives of Oyo and Osun States, both owners of the tertiary institutions met in Osogbo, the Osun State capital, to talk on how to solve the problems. The crisis has affected academic activities in the school, which has been shut down for the past seven months. At the meeting on Wednesday, Oyo State government was represented by its Commissioner for Education, Science and Technology, Professor Joseph Olowofela accompanied by

By Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) intervened in various segments of the interbank foreign exchange market with the sale of $195 million. Furthermore, as at Tuesday, October 3, 2017, Nigeria’s foreign reserve stood at $32.74 billion. Consequently, the Interbank market (NIFEX) exchange rates remained unchanged at N330/Dollar. In other segments, the Naira appreciated week-on-week (w-o-w) at the the Bureau De Change and Parallel market segments by 0.55% each to N360/Dollar and N363/Dollar respectively. However, at the I&E FX Windows, the Naira depreciated by 0.07% to N360.64/USD. In the forwards market, the spot

By Dipo Olowookere A solar power plant has been inaugurated on Monday, December 12, 2016, in Soroti, Uganda amid pomp and pageantry. It is made up of 32,680 photovoltaic panels and the new 10 megawatt facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area. Located on a 33 acre plot of land in Soroti District, the power plant has the potential to increase its net output capacity by a further 20MW of solar energy. At peak construction the plant had over 120 local workers involved,

By Dipo Olowookere Leading digital lifestyle company, Tigo Tanzania, has entered into an exceptional partnership with technology company, Uber. The deal is offering customers of Tigo the opportunity to use the Uber app for free from today onward. The first of its kind partnership will be beneficial to existing Uber riders and driver-partners and encourage more riders to use the Uber app. “Tigo is a robust brand in the Tanzanian market and we have a vested stake in introducing more efficient ways for customers to engage with the world around them. “Uber is a strong addition to the growing range

By Modupe Gbadeyanka A group known as the Progressives Yoruba Youth Congress (PYYC) has cried out to the international community over a alleged plot by the United States of America’s backed self-styled human rights watchdog, Amnesty International, to use fictitious reports to create tension in the country. It said the report was targeted at discrediting the Nigerian military on its fight against insurgency and then called on AI and its agents to come out clean on their plots to heat up polity in the country through its conjured report. Comrade Akintola Festus, national leader of the group, while addressing newsmen

By Adedapo Adesanya The Debt Management Office (DMO) has reacted to reports in the media claiming that Nigeria is a high-debt risk nation. The debt office, in a statement, said that the publications quoting the International Development Association (IDA)  Audited Financial Statement for the Fiscal Year 2021 (July 1, 2020 – June 30, 2021) misinterpreted the report. The agency said the report was not only false and misleading but also suggests an inadequate understanding of the essence of the World Bank’s report. “The World Bank’s report was an assessment of the performance of IDA and not the performance of the