Sultan of Sokoto Sues For Peace In Africa

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has been chosen as the best federal government agency in Digital Transformation. This recognition came from the Presidency through the Bureau of Public Service Reforms (BPSR). In a statement, it was disclosed that the Director-General of the maritime regulator, Mr Bashir Jamoh, has been nominated to receive the distinguished GovTech Trailblazers Award for his exemplary leadership. The BPSR explained that the nominees were picked from a nationwide nomination and online voting process initiated by the bureau, as well as a detailed analysis of the performance of all government MDAs

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Adedapo Adesanya Stakeholders of the Imo State Oil Producing Areas Development Commission (ISOPADEC) have urged the administration of Mr Emeka Ihedioha to return the Commission to the oil landlords in the state. They made this call at a meeting with the Governor, who was represented by his deputy, Mr Gerald Irona, at a gathering of stakeholders that comprised members of Ohaji/Egbema/Oguta at Oguta Civic Center, last Sunday. The stakeholders expressed their displeasure over a sponsored publication that stated that the state, which was one of the oil producing states in the country, was not entitled to produce a Managing

By Aduragbemi Omiyale Members of the Manufacturers Association of Nigeria (MAN) have been assured of better access to foreign exchange (forex) for importation of raw materials and machines that are not available locally. This assurance was given by President Muhammadu Buhari when he held a meeting with the group on Wednesday in Abuja. Mr Buhari said he would look into the issue of the supply of forex raised by the group, noting that, “Our strategic plan to boost manufacturing activities in the country is on course.” “We will continue to improve the patronage of locally made goods, bridge the gap

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange found itself in the bears’ colony on Thursday, July 14 after the fall in the share price of FrieslandCampina WAMCO Nigeria Plc chopped off 0.43 per cent from the market. According to data from the exchange, Friesland lost 47 Kobo during the session to close at N104.53 per unit compared with the previous day’s N105.00 per unit and as a result of this, the market capitalisation of the unlisted securities exchange went down by N4.44 billion to settle at N1.023 trillion in contrast to the previous day’s N1.028 trillion. In the

By Quantitative Financial Analytics NIFEX Spot The FMDQ NIFEX Spot increased by N0.30 or 0.10% ending the day at a rate of N314.925 against the previous day’s rate of N314.625. Open Interest and Volume Analysis Open interest in currency futures increased by 0.14%, (5.5) from 3,832.28 to 3,837.78 arising from additional notional purchases. Mark to Market Analysis and Attribution The estimated Mark to Market (MTM) of open interest now stands at N208.56 billion, an increase of 0.68 percent, (N1.41 billion) over previous day’s Mark to Market value of N207.15 billion. Change in MTM is mostly attributed to the change in

By Adedapo Adesanya The convener of the Chess in Slums Africa initiative, Mr Tunde Onakoya, has emerged as the winner of the Social Entrepreneur of the Year Award organised by Business Insider Africa. The inaugural Business Insider Africa Awards recognised outstanding business leaders across Sub-Saharan Africa who have been instrumental to the growth and advancement of the region’s economic landscape. There were 55 nominees, including some of the continent’s top business leaders, achievers, and innovators across various industries and sectors who have made noteworthy contributions to their various communities through charitable works and leadership roles. After two weeks of intensive

By Dipo Olowookere Telecom giant, MTN Group, has revealed plans to sell shares worth 9.9 billion rand ($729 million), accounting for four percent stake, to black investors to meet government quotas on black ownership. The firm said the new black economic empowerment deal would be launched via a public offer next month to replace an existing scheme that is due to unwind in November. Under black economic empowerment rules, South African companies are encouraged to meet quotas on black ownership, employment and procurement as part of a drive to reverse decades of exclusion under apartheid. Meeting government rules on black

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its proposed Know-Your-Customer (KYC) social media policy. The suit filed on behalf of SERAP by its lawyers, Mr Kolawole Oluwadare and Ms Blessing Ogwuche, said “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.” The CBN had last month issued a circular mandating banks and other financial institutions to implement and comply with the mandatory

By Modupe Gbadeyanka About 85 persons, who earlier contracted Coronavirus disease (COVID-19), have been discharged from where they were getting medical attention. This disclosure was made by the Nigeria Centre for Disease Control (NCDC) on Sunday night when it announced five new cases of the virus in the country. During the announcement, the agency said the five cases were recorded from Lagos, Kaduna and Kwara. It two each were reported in Lagos and Kwara, while one was reported in Kaduna. This brought the total number of confirmed cases of the disease in the country to 323, while 10 people have