Stanbic IBTC Revamps Abeokuta BTI Correctional Centre

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

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 Adedapo Adesanya Three companies; UBN Property Plc, Friesland Campina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc dragged the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory in the 44th week of trading in 2022. Last week, the NASD exchange depreciated by 0.25 per cent as a result of the decline in the stock prices of the trio, leaving the NASD Unlisted Securities Index (NSI) to shed 1.8 points to settle at 720.36 points compared with 722.16 points recorded in the previous week. UBN Property Plc lost 9.8 per cent in the week to close at

By Dipo Olowookere A deal to enable the use of service stations of Total Nigeria Plc as secure pickup locations of essential documents has been signed by the energy firm and Kwik Delivery. A statement from the logistics company disclosed that the documents to be picked up at the service stations include those issued by the Corporate Affairs Commission (CAC) to Nigerian businesses such as Certificates of Incorporation or CAC 1.1. forms. It was disclosed that the partnership was sealed to develop an e-commerce fulfilment and delivery service in Nigeria. “Drop off & pick-up locations are essential to the development

Investors Hub The major US index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session. Traders may look to pick up stocks at reduced levels following the recent downward trend by the Dow, which ended the previous session at its lowest closing level in two months. Stocks turned in a mixed performance during trading on Wednesday, as traders reacted to the latest earnings news as well a steep drop by the price of crude oil. The major averages eventually ended the session on opposite sides of the unchanged line. While the

By Modupe Gbadeyanka The 2017 edition of Guinness Cup, an employee competition, which fosters team spirit and celebrates employees’ prowess in a range of sporting activities, has produced Team Benin as the overall winner. The tournament began with preliminary games and culminated in a high-profile final which held at Agege stadium Lagos and it featured games such as football, volleyball, scrabble, draughts and table tennis. Team Benin emerged overall winner of the football tournament beating the Lagos team to clinch the coveted trophy for the first time in three years. In scrabble, Godspower Amavah, a member of the Lagos team

By Dipo Olowookere The General Overseer of the Champions International Ministry, Abuja, Prophet Joshua Iginla, has said the late General Overseer of Synagogue Church of All Nations (SCOAN), Lagos, Prophet, Temitope ‘TB’ Joshua, is not dead. Speaking when he visited the widow of the cleric, Mrs Evelyn Joshua, the foremost prophet said TB Joshua is only asleep, noting that his legacy lives on. Prophet Iginla said though the world would have preferred to have the late man of God in his physical form, “the greatest joy we have is that he lives in so many ways around us today.” “I

By Dipo Olowookere Investors in the nation’s stock market further gained N34 billion on Thursday, causing the total value of equities on the Nigerian Exchange (NGX) Limited to increase to N20.092 trillion from the previous day’s N20.058 trillion. It was observed that buying interests in shares like Lafarge Africa, Zenith Bank, MTN Nigeria and 16 others expanded the market yesterday by 0.17 per cent. Unlike the previous session, the activity level was better as investors traded 249.7 million equities worth N1.9 billion in 3,524 deals as against the 156.9 million equities worth N1.3 billion transacted in 3,273 deals on Wednesday,

By Adedapo Adesanya The Apapa Area Command of the Nigeria Customs Service (NCS) has disclosed that it recorded a 16 percent increase in its first quarter revenue compared to the corresponding period of 2019. Between January and March, a total of N110 billion in revenue was generated by the agency compared to N94.6 billion realised in Q1 2019. The NCS Public Relations Officer (PRO), Mrs Nkeiruka Nwala, said in a statement that despite the challenges brought about by the slowdown in port activities, it was able to surpass what was generated in the last two years. “At the height of

The sale of goods or services between businesses, utilizing any of the various online or electronic channels, referred to as B2B e-commerce, is on a steady rise in Nigeria. This rise, both in the volume of transactions and the number of operators, is prompted by the success recorded by the B2C e-commerce operations, especially during the covid-19 quarter in-place (lockdown) period. Just as in the B2C, the B2B e-commerce hinges its operations on digital processes to deliver on its promises to the other players in the e-commerce value chain. The B2B e-commerce platforms deploy digital solutions in their operations to