Two Kwara Lecturers in EFCC Custody for Cyber Crime

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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 Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

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 Modupe Gbadeyanka Minister of Finance, Mrs Kemi Adeosun, has said she is not operating an account on Twitter, saying the one on the popular social media platform is purely a parody account. Mrs Adeosun, in a statement issued by her Media Adviser, Mr Festus Akanbi, dissociated herself from comments posted on Twitter via the account bearing her name. The said parody account had posted comments regarding Nigeria’s economy, which was relied on by some Nigerians. This forced the Minister to make the clarification on Thursday, saying she has no hands in the comments. “The attention of the Minister of

By Modupe Gbadeyanka There were heavy activities around shares of Law Union and Rock Insurance, Zenith Bank and United Bank of Africa (UBA) on the floor of the Nigerian Stock Exchange (NSE) last week. Data obtained by Business Post from the NSE showed that the three publicly listed companies were the most traded in the five-day trading week by volume, accounting for 369.4 million units sold for N3.1 billion in 3,360 deals, contributing 31.80 percent and 23.43 percent to the total equity turnover volume and value respectively. According to the data, a total of 1.2 billion shares worth N13.2 billion

By Modupe Gbadeyanka The three-year ban placed on beans from Nigeria has been lifted by the European Union (EU). This was made known by the Director General of National Agency for Food and Drug Control (NAFDAC), Dr Yetunde Oni. The NAFDAC boss disclosed that Nigeria was not allowed to take its beans to Europe because it was claimed to be substandard and poisonous. Dr Oni, while addressing Senate Committee on Health, said the ban removal was made possible because NAFDAC had put in place strategic attempt to improvise locally made products in other to suit both local and international demand.

By Dipo Olowookere A Western Cape-based company, SA Rooibos Tea Supplies, is on a long term mission to become the preferred supplier of packed rooibos to the European market over the next ten years. The company is currently exhibiting at the 27th Salon International de l’Alimentation (SIAL) Food Innovation Exhibition in Paris, France as part of a 38-member delegation led by the Department of Trade and Industry (the dti). “We are a turn-key source, packer and exporter of South African herbal teas to the world and our company specialises not only in offering the refreshing rooibos and honeybush tea under

By Modupe Gbadeyanka At the stock market in Nigeria last week, the Financial Services Industry (measured by volume) led the activity chart with 491.758 million shares valued at N2.211 billion traded in 6,241 deals; thus contributing 76.90% and 34.25% to the total equity turnover volume and value respectively. This was closely followed by the Conglomerates Industry with 64.507 million shares worth N58.500 million in 681 deals traded, while the third place was occupied by the Consumer Goods Industry with a turnover of 54.901 million shares worth N3.307 billion in 2,386 deals. Trading in the Top Three Equities namely – Access

By Dipo Olowookere The stock market in Nigeria appreciated by 3.96 per cent on Monday as a result of the renewed interest in equities by investors, who have been chased out of the fixed income market due to low yield environment. At the close of transactions yesterday, the All-Share Index (ASI) increased by 1,226.88 points to 32,243.05 points from 31,016.17 points, while the market capitalisation grew by N641 billion to N16.848 trillion from N16.207 trillion. During the session, the trading volume reduced slightly by 0.23 per cent to 636.0 million units from 637.5 million, while the trading value rose by

Monday, August 22, 2016, has been declared as public holiday by the Osun State government in commemoration of the annual Isese Day (Traditional Worshipers’ Day). A statement issued on Friday by the Director, Bureau of Communication and Strategy, Governor’s Office, Osogbo, Mr Semiu Okanlawon, said the holiday is meant to celebrate the day in the state. “The Osun Government wishes to announce that Monday, Aug. 22 is hereby declared a public holiday. “The holiday is in recognition of the annual Isese Day, which allows the adherents of traditional religion to come together for the annual celebration,” the statement said. The