Street Trading: Lagos Fumes Over Attack on Sanitation Officials

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

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 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 Dipo Olowookere The Naira is now being exchanged to the Dollar at the parallel market at N892$1, Business Post has gathered from the different currency traders chatted with in Lagos on Friday. A day earlier, the Nigerian currency was traded with its American counterpart at the unauthorised segment of the foreign exchange (FX) market at N880/$1, indicating a decline of N12 or 1.36 per cent in one day. The free-fall of the Naira started a few months ago due to a decline in the supply of forex into the market and was made worse last week after the Central

By Dipo Olowookere Residents of Lagos State have been informed that the sale of the popular rice brand, Lake Rice, will continue at all designated centres across the state despite the end of the Eid celebrations. This information was revealed by the Permanent Secretary in the Ministry of Agriculture in the state, Dr Olayiwole Onasanya. He added that the products were available at various centres across the state including the Agricultural Development Authority Complex, Oko-Oba; Lagos State Agriculture Inputs Supply Authority (LAISA), Ojo and the Blue Roof at LTV Complex, Agidingbi, Ikeja. The Permanent Secretary added that the product is

Keystone Bank Limited has re-emphasised its commitment to the growth and development of the Africa’s creative industry as the lender recently partnered with the African Export-Import Bank (Afreximbank) and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend (CAX WKND) in Kigali, Rwanda. According to the organizers, the Creative Africa Exchange Weekend is Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry. “CAX is a consolidated marketplace for the creative and cultural industry. It was developed as the catalyst that brings together the identified assets and resources within the creative

By Adedapo Adesanya Worries that a demand recovery would slow due to a resurgence of coronavirus cases led to a drop in the price of crudes belonging to members of the Organisation of the Petroleum Exporting Countries (OPEC) on Thursday. The weighted average basket of 13 crudes stood at $45.17 a barrel compared with $45.34 the previous day, according to OPEC Secretariat calculations released on Friday. Although a pledge from OPEC member, Iraq, to cut oil output further in August provided support but was not enough as the basket dropped 0.37 per cent or $0.17. The OPEC Reference Basket of

By Adedapo Adesanya Crude oil declined on Tuesday after rising in an earlier session as the possibility of interest rates hike in the United States outweighed concerns about supply. This slowed the Brent crude by 36 cents or 0.41 per cent to $87.84 per barrel and crushed the West Texas Intermediate (WTI) by 52 cents or 0.61 per cent to $85.08 per barrel. The US Federal Reserve is expected to signal at its meeting this week of the possibility of raising the rates in March and will consider other policy tightening, reversing the easy policies it put in place to

By Adedapo Adesanya The Lagos State government has announced four new cases of the coronavirus pandemic in the state, bringing the total number of confirmed cases to 12 as at Thursday, March 19. Commissioner for Health in Lagos State, Mr Akin Abayomi, made this disclosure when he addressed journalists on the new cases at the state secretariat this afternoon. He said 19 tests were performed on suspected cases and contacts of the five cases announced on Wednesday, out of which four turned positive. The first positive test is that of a Nigerian female who returned from France via a Turkish

By Modupe Gbadeyanka The acting Public Relations Officer (PRO) of the Nigeria Police Force (NPF), Mr Olumuyiwa Adejobi, has been appointed as the substantive Force PRO. His appointment as the 25th indigenous image-maker of the police was confirmed by the Inspector-General of Police (IGP), Mr Usman Alkali Baba, in a statement issued on Tuesday by the Admin Officer at the Force Public Relations Department, Force Headquarters, Abuja, Superintendent of Police (SP) Anjuguri Jesse Manzah. Mr Adejobi, a Chief Superintendent of Police (CSP), was the deputy Force PRO until he was drafted to replace his boss, Mr Frank Mba, who was

By Adedapo Adesanya The unlisted securities market in Nigeria closed higher by 0.72 per cent on Monday, March 27, as a result of the N1.35 addition to the share prices of Central Securities Clearing System (CSCS) Plc and the N1.10 improvement in NASD Plc. Business Post reports that at the close of business yesterday, CSCS Plc closed at N15.35 per unit compared with last Friday’s price of N14.00 per unit, while NASD Plc finished at N14.10 per share versus the previous session’s N13.00 per share. Consequently, the market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange increased by N7.29 billion