Tinubu Promises to Boost Spending on Public Utilities to Ease Suffering

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

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 Aduragbemi Omiyale The Nigerian Exchange (NGX) Group Plc and its subsidiaries have expressed sadness over the death of one of its founding fathers, Pa Akintola Williams. Mr Williams, a renowned chartered accountant, peacefully died in his sleep, according to his family, on Monday, September 11, 2023, at the age of 104. In a statement issued on Thursday, the NGX Group described the death of Mr Williams as a “profound loss to the Nigerian capital market” and the country. He was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange (NSE), which

By Adedapo Adesanya The Norwegian Floating Production Storage and Offloading (FPSO) leasing firm, BW Offshore, has closed the transaction for the sale of the Nigerian vessel, Abo FPSO, after several short-term charter extensions for $20 million. FPSO refers to a floating vessel located near an offshore oil field, where oil is processed and stored until it can be transferred to a tanker for transporting and additional refining. BW Offshore closed the transaction for the sale of Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC). As part of the transaction, BW Offshore has entered

By Aduragbemi Omiyale The deadline for the National Identity Number (NIN) SIM card verification exercise has again been extended by the federal government by four weeks. The NIN-SIM verification exercise was supposed to end on Wednesday, June 30, 2021, but a joint statement issued on Tuesday, June 29, 2021, in Abuja disclosed that Nigerians now have till July 29, 2021, to link their SIM cards to their NINs. In the statement signed by the Mr Ikechukwu Adinde, the Director of Public Affairs at the Nigerian Communications Commission (NCC) and Mr Kayode Adegoke, the Head of Corporate Communications at the National

By Dipo Olowookere The last FGN Savings Bond auction exercise for the year 2017 has commenced today, Monday, December 04, 2017, and will end on Friday, December 8, 2017. The exercise is to be conducted by the Debt Management Office (DMO) on behalf of the Federal Government. The debt office would be offering 2-Year FGN Savings Bond due December 13, 2019 at 11.738 percent per annum; and the 3-Year FGN Savings Bond due December 13, 2020 at 12.738 percent per annum. Investors would be expected to subscribe N1,000 per unit subject to a minimum subscription of N5,000 and in multiples

By Adedapo Adesanya  Nigeria and other members of the Organisation of the Petroleum Exporting Countries (OPEC) are in talks to extend oil production cut through the year of 2020, reports have said. Quoting a source, a Russain news agency, TASS, said discussions were still in the early stages. It was further disclosed that there was an understanding among the cartel members to extend the latest cuts which expires in March till the end of the year. It was also stated that it was unlikely that the cartel will decide to relax the cut in March because the market is still

By Dipo Olowookere Federal Government has described its whistle-blowing policy as an effective tool of fighting corruption in Nigeria. Minister of Information and Culture, Mr Lai Mohammed, in a statement issued in Lagos on Sunday, said Nigerians have embraced the policy and have been offering the needed support to make it successful. Mr Mohammed said the government will never abandon the scheme. “We want to assure Nigerians that we will not abandon this policy for whatever reason. Instead, we will continue to rejig it to make it more effective as a tool for fighting corruption,” the Minister promised. He said

By Modupe Gbadeyanka Nigeria’s leading e-commerce platform, Jumia, has partnered with global beverage company, International Breweries, and global consumer goods maker, Unilever Nigeria, to make consumer goods and beverage products accessible and available to Nigerians on the Jumia platform in the COVID-19 and post pandemic era. A statement from the online shopping platform disclosed that in addition, both companies will be offering free deliveries on select products on the Jumia platform. With the partnership, customers on the Jumia platform will be able to order from a range of Unilever Nigeria and International Breweries products such as Trophy Premium Lager, Budweiser

By Adedapo Adesanya A tripartite agreement that will provide insurance to the transportation of agricultural products across the country has been signed. The deal was sealed by the Nigerian Agricultural Insurance Corporation (NAIC), the Nigeria Association of Agricultural Product Dealers (NAAPD) and the Association of Local Governments of Nigeria (ALGON). The Memorandum of Understanding (MoU) will ensure the implementation of the National Transit Insurance Scheme (NATIS) which will help shield benefiting farmers against losses that come in the event of uncertainties like accidents. The Managing Director of NAIC, Mrs Folashade Joseph, which made the disclosure, explained that agricultural products in

By Ebiyonye Akpodigha Registration for bursary and scholarship programmes for students of Delta State origin for 2016/17 academic session has kicked off, Business Post has learnt. This was disclosed in a statement issued by the Delta States Bursary and Scholarship Board. Those eligible for the two programmes have been urged to enter for them online via http://www.dsbsb.dl.gov.ng/eligibility. It was said that applicants for the bursary scheme must be of Delta State origin, must have also registered with National Identification Management Commission (NIMC), and must be a registered full time student only of any public tertiary institutions. Also, it was stressed

By Adedapo Adesanya The situation of things at the foreign exchange (forex) market on Monday, July 15, was a mixed affair as the performance of the Naira against the Dollar varied across segments of the market. At the parallel market, the exchange rate of the local currency to the foreign currency remained stable as it closed at N361.50/$ On the other hand, at the interbank market, the Naira appreciated against the Dollar by 5 kobo or 0.02 percent, closing at N306.95 yesterday against N307 it was exchanged in the previous session. Data sourced from the Financial Market Dealers Quote (FMDQ)