Three Die in Jos Flood Disaster

By Modupe Gbadeyanka On October 1, 2023, food enthusiasts and stakeholders will gather at the Tafawa Balewa Square, Lagos to have a taste of Nigerian cuisine at an event organised by 3X4 Foods, a subsidiary of 3 BY 4 Gourmet. The founder of 3X4 Foods, Ms Banke Makinde, said the programme, Street Food Celebration, would be used to showcase the Nigerian culture, through food, to the world. She said the event would provide an opportunity to celebrate Nigeria’s culture, history, and people through street food, and promote cultural entertainment, and delicious gourmet street food. According to her, Street Food Celebration

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Adedapo Adesanya Nigeria spent N1.199 trillion on the importation of Premium Motor Spirit (PMS), also known as petrol, in three months, between July and September 2022, according to data released by the National Bureau of Statistics (NBS). The NBS, in its Foreign Trade Statistics for the third quarter of 2022, disclosed that fuel import for the period July to September 2022 jumped by 16.9 per cent compared with N1.026 trillion spent to import the commodity in the same period in 2021. The NBS revealed that in the third quarter of 2022, the petrol importation bill was the highest in

By Modupe Gbadeyanka A firm renowned for different window innovations and technology, Rotex Glass Limited, a division of Rotex Group of companies based mainly in Europe, has taken its trade to the next level with the manufacture and installation of a new innovative home window solution that offers up to 99 percent external noise reduction and zero dust penetration. The innovation is called Rotex metal-uPVC windows, which are layered with a gas-filled space to absorb the noise and filter the sound as well as provide adequate thickness in the glass to eliminate dirt. The windows consist of a spectacular noise

By Adedapo Adesanya ‘ Oil prices witnessed a 2 per cent rise on Thursday on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis. The Brent crude extended previous gains by $1.63 or 2.1 per cent to close at $73.57 while the West Texas Intermediate (WTI) crude rose by $1.67 or 2.4 per cent to trade at $71.67 per barrel. In what started as a very hectic week with prices falling more than $5 on Monday, the market has recouped all of those losses as investors expect overall crude demand to stay strong. Following the recent

By Adedapo Adesanya Nearly N2 trillion bad loans were cancelled by commercial and merchant banks in four years after the 2016 economic recession in Nigeria, a report by Agusto&Co has claimed. The credit rating agency in the report titled 2020 Banking Industry Report said in the last four years after the economic crisis, the Nigerian banking industry has written off a minimum of N1.9 trillion of impaired loans from its loan portfolio. The firm noted that the write-offs were driven by the weak macroeconomic climate and the introduction of the international financial reporting standards 9 (IFRS 9) accounting standard in

By Modupe Gbadeyanka In a bid to transform Nigeria into a tourist sector destination in Africa and position it as lever of Nigeria’s economic growth and development, Heritage Bank Plc has partnered federal government and the United Nations World Tourism Organisation (UNWTO). The bank partnered Nigerian government at the 61st meeting of the United Nations World Tourism Organization-Commission for Africa (UNWTO-CAF), in Abuja, attended by over 166 foreign delegates, 26 ministers and 332 Nigerian delegates, excluding local and foreign pressmen. Speaking on the 61st Meeting with the theme ‘Tourism Statistics: A Catalyst for Development,’ President Muhammad Buhari stated that Nigeria

By Modupe Gbadeyanka One of the five biggest banks in Nigeria, Zenith Bank Plc, has released its financial statements for the year ended December 31, 2017. In its earnings for the year, the company declared a profit after tax of N177.9 billion compared with N129.7 billion recorded in 2016 fiscal year, indicating about 38 percent rise in the period under review. The lender revealed that last year, its gross earnings stood at N745.2 billion against N508 billion achieved two years ago. In addition, its net interest income increased by 7.42 percent, closing at N258 billion in contrast to N240.2 billion

By Adedapo Adesanya Nigeria’s newly sworn-in Minister of Finance, Mrs Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue. Mrs Ahmed disclosed this at the headquarters of the ministry shortly after the inauguration of the new ministers by President Muhammadu Buhari yesterday. She said, “As you know, our nation is facing a near fiscal crisis, and it is up to us to make sure that it is arrested and ensure that we don’t slip into a crisis. “We have to increase revenues; if not, our country will slip