Swiss Business School Honours Monument Distillers CEO

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Modupe Gbadeyanka A recent survey has shown that the Nigerian government remains the least trusted with citizens having no confidence in the ability of current leaders to address the country’s challenges successfully. According to the 2020 Edelman Trust Barometer, four mainstream institutions were looked into in the report and they were government, business, media and non-governmental organisations. However, Nigerians’ trust in Chief Executive Officers of businesses as positive change agents rose while trust in NGOs and the media also increased according to the supplementary data for Nigeria. It was observed that while trust across the four mainstream institutions in

By Modupe Gbadeyanka Getting educational services in Nigeria has always been a herculean task, leaving many to wonder why not much has been done to address the pressing challenges in the sector. However, that seems to be a thing of the past with the introduction of a new platform by a self-funded and fast growing edtech startup in Nigeria. The firm, TeachersAroundMe, focuses on digital distribution of professional teachers, linguists, counsellors and skill trainers with clients. It was launched mid last year in Nigeria and is currently one of the most independent in the industry, offering quality services to clients.

By Dipo Olowookere Shareholders of GTBank Plc are in Lagos to take a decision on the proposal of the board of the company to restructure the firm to a financial holding company (Holdco). The meeting, Business Post gathered, has commenced as at press time and the investors are in high spirits and from what we can deduce, it will likely see the light of the day. The shareholders are gathering at the Oriental Hotel on 3, Lekki Road, Victoria Island, Lagos, to make a decision that will change the organisation structure of the company as directed by a federal high

By Dipo Olowookere The Minister of Social Development, Ms Bathabile Dlamini, has welcomed the announcement by Cabinet of the new Director-General of the Department of Social Development, Mr Zane Dangor. Mr Dangor has been the Special Advisor to the Minister of Social Development since she was appointed in 2010. Before assuming that position, he previously served as Chief Operating Officer in the Department. Before joining the Department, he managed the Development Resource Centre for 10 years, contributing to the South African Human Development Report and the UN Common Country Assessment for South Africa. He has consulted governments and civil society

By Dipo Olowookere Heritage Bank Plc has taken its campaign for concerted efforts for the growth of agribusiness and commerce in Nigeria to another level as it wants the bilateral agreement signed by Lagos and Kano States to provide for a Commodity Exchange. The two states signed the Memorandum of Understanding (MoU) last week at the Lagos-Kano Economic and Investment Summit held at the Jubilee Chalets, Epe, Lagos. The goal of the pact was to ensure the collaboration between the two states boost commerce and agribusiness and consequently increase the revenue generation by the states. Speaking at the event during

The need to embrace peace and unity in Africa has been emphasised by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III. Mr Abubakar, while receiving the Liberian Vice President, Mr Joseph Boakai, at his palace in Sokoto on Sunday, said “Nigeria will continue to do everything humanly possible to ensure that stability stays in Africa.” He further said, “We will also continue to work together to entrench peace, unity, democracy and inter-faith harmony in Africa. “The Federal Government is also committed to lending support to Liberia, at all times.” The respected monarch said Nigeria had committed men and resources to

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) says it will file a lawsuit against the Senate President, Mr Godswill Akpabio, over the alleged disbursement of “holiday allowances” to senators by the Clerk of the National Assembly. The organisation said it was unfortunate that the lawmakers were allegedly getting extra pay at a time when almost 70 per cent of Nigerians are grappling with severe economic challenges. In a brief statement via its official X handle, SERAP announced that it was suing the Senate President who had made the gaffe announcement on Monday during plenary. “We’re suing the

By Dipo Olowookere The Nigerian foreign exchange market has in recent times been facing challenges as the naira has lost close to 40 per cent in 18 months. Specifically, the naira has lost so much of its value on the streets even as the gap between the official exchange rate and the parallel market has continued to widen beyond control. Between December 2014 and June 2016, the value of the naira depreciated by nearly 40 per cent at the Central Bank of Nigeria (CBN) window from N165 to the dollar which it was, at the end of December 2014. The