Tinubu Urges South African Miners to Consider Nigeria

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

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 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 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 Dipo Olowookere Profit-taking in some large-cap stocks in Nigeria weakened the Nigerian Exchange (NGX) Limited by 0.44 per cent on Monday. Business Post reports that sell-off in equities like GTBank, Stanbic IBTC, Lafarge Africa, BUA Cement, MTN Nigeria and nine others contributed to the downfall of the market yesterday. Apart from the energy sector, which improved by 0.21 per cent, every other sector closed bearish with the industrial goods index down by 0.66 per cent, banking down by 0.59 per cent, insurance sector down by 0.29 per cent and consumer goods counter down by 0.09 per cent. At the

By Tenebe Anthonia The Nigerian Stock Exchange (NSE) has continued to provide an enabling environment for government and corporate organisations to raise capital for some critical operations. The exchange, since the activation of its Business Continuity Plan on March 24, 2020 as a result of the lockdown caused by the Coronavirus disease (COVID-19), has attracted several new listings to the market. Over three months ago, the NSE made it possible for trading to be done remotely so as not to cause a shutdown of the market because of the health crisis. During this period, the exchange has helped government and

By Adedapo Adesanya The management of Kano Electricity Distribution Company (KEDCO) has lamented that meter bypass and illegal connection were posing the biggest economic threats to the company across its franchise states. In a statement by the discos’ Head of Corporate Communications, Mr Ibrahim Sani Shawai, it was noted that the company’s Managing Director, Mr Jamil Isyaku Gwamna, said meter bypass, illegal connections, amongst others were giving the management sleepiness nights. Mr Gwamna warned that KEDCO would no longer be lenient with anyone found engaging in meter bypass and illegal connections in its franchise areas. According to the KEDCO chief,

By Adedapo Adesanya The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says no fewer than 180 persons living in Ebonyi State will benefit from agric-chain business under its Development and Empowerment Programme (ADEP). This was announced by the Assistant Director, Agribusiness Development and Extension of the agency, Mr Hilary Okwor, during a Post Training Visit to trainees in Abakaliki on Friday. Mr Okwor said that ADEP was designed to encourage youths and women to embrace agric-business development as well as ensuring food security and job creations in the country. The director said that the 180 persons were selected

By Dipo Olowookere Access Bank Plc has announced the appointment of Dr Gregory Ovie Jobome as its Executive Director in charge of Risk Management Division. In a statement issued from the bank, it described Dr Jobome as a thorough bred banking professional with excellent academic pedigree. The appointee is said to have obtained a First Class degree in Economics from the University of Maiduguri in 1986 and a Distinction in Master of Business Administration from the Obafemi Awolowo University in 1990. He also obtained a Master of Science Degree (1994) and a Doctorate Degree (2002) both in Economics and Finance

By Dipo Olowookere Minister of Budget and National Planning, Mr Udo Udoma, has disclosed that the Federal Government has signed Financing Agreements with several development partners. He listed these partners as the European Union, DFID and USAID among others, pointing out that the agreements have amounted to over €194.5 million and $702 million. He made this known on Tuesday at a Town Hall meeting held in Abuja to update Nigerians on the successes of President Muhammadu Buhari since he assumed power in May 2015. Mr Udoma also said the Federal Government has intensified its collaboration with state governments using the

By Modupe Gbadeyanka Some customers of Polaris Bank (formerly Skye Bank Plc) are getting agitated following a recent report that some persons broke into a banking application of the company to tamper with a customer’s account. This is now raising questions about the safety of their deposits with the financial institution. Recall that recently, a hacker said most banks operating in Nigeria were prone to hacking because their systems are not too secured. In the latest development, some young men allegedly hacked into Polaris Bank’s application and fraudulently increased the N781,000 in one of the customer’s bank account to N466

By Modupe Gbadeyanka Some deserving alumni of the prestigious Lagos Business School (LBS) were recently honoured at the annual Alumni President’s Dinner to celebrate its 25th anniversary. At the grand event precisely held at Harbour Points, Victoria Island, Lagos on July 2, an award was presented to the distinguished alumni 2017, Engr. Peter Bamkole, Director of the Enterprise Development Centre, Pan-Atlantic University, for his contribution towards the development of small and growing businesses in Nigeria and Africa. The President’s award was presented to the Gamaliel and Susan Onosode Foundation, while prizes were also giving out for active participation in alumni