US Behind Amnesty International’s Plot to Unsettle Nigeria—Yoruba Group

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Modupe Gbadeyanka As part of its mission to improve the lives of the communities in which the United Bank for Africa (UBA) Plc operates, UBA Foundation continues to encourage African youths to adopt the culture of reading through its Read Africa initiative. Read Africa aims to rekindle the reading culture amongst young Africans. Designed and introduced in 2011 by the UBA Foundation, the initiative has donated hundreds of thousands of books to African schools since its inception. This past week, The Foundation took its initiative to the francophone city of Libreville to the students of the George MABIGNATH high

By Dipo Olowookere Efforts are being made by federal government to meet owners of social media platforms like Facebook, Instagram, WhatsApp, Twitter and others. Minister of Information and Culture, Mr Lai Mohammed, informed national executive of the Nigeria Union of Journalists (NUJ) led by its president, Mr Chris Isiguzo, that the proposed meeting is to carry them along on the anticipated social media bill before the National Assembly. Mr Mohammed, who said government will not back down on the bill, noted that stakeholders would have to gather to choose the best available options for regulating social media so as to

By Ebitonye Akpodigha Minister of Information and Culture, Mr Lai Mohammed, has disclosed that the tourism industry has the potential of being the country’s main foreign exchange earner. Mr Mohammed made this known on Tuesday in Lagos at an event to mark the 2016 World Tourism Day in Eko Atlantic, the city that is being built on reclaimed land on the Bar Beach. The 2016 World Tourism Day was themed ‘Tourism For All: Promoting Universal Accessibility.’ The Minister remarked that, “It takes an investor to have a great confidence in any economy before putting hundreds of millions of dollars into

By Aduragbemi Omiyale A Payments Service Holding Company (PSHC) license has been granted to Interswitch Group by the Central Bank of Nigeria (CBN). This followed an earlier announcement by the CBN regarding new licensing categories for participants in the Nigerian payments system. The integrated payments solution provider is among the first to receive this authorisation from the country’s apex bank. According to the regulator, the PSHC regulation requires companies with existing or prospective operations across multiple license categories to set up a PSHC. The activities of each of the PSHC subsidiaries operating within those respective licensing regimes are clearly delineated

By Ahmed Rahma Based on the comments attributed to the Bauchi State Governor, Mr Bala Mohammed, that herdsmen should be allowed to carry an AK-47 rifle to defend themselves, the Benue State Governor, Mr Samuel Ortom, has described his colleague as a terrorist. Mr Ortom, while addressing newsmen on Monday in Makurdi, Benue State capital, said Governor Mohammed must be a terrorist for supporting the use of illegal arms by foreign herdsmen. “I wouldn’t want to be joining issues with my brother, friend, and colleague Bauchi Governor. But since he has continued to vilify, intimidate and blackmail me. It is

Following the success of the second edition of Agrofood & Plastplack Nigeria 2016, the German trade fair specialists, Fairtrade, has announced dates for third edition of the programme. According to a statement issued on Wednesday, the 2017 edition of the fair would take place from March 28 to 30 at the Landmark Centre in Lagos. It was stated that for the first time, there would be an official German Pavilion with more than 20 German exhibitors at the event. Also, it was disclosed that the French Pavilion is already in for the third time to again present a French Live

By Aduragbemi Omiyale The N3.52 billion commercial paper issued to capital market investors by DLM Capital Group a few months ago has been redeemed. The funds, sourced by the organisation from various investors, including Pension Fund Administrators (PFAs), asset managers, insurance companies and banks, were repaid after the commercial paper sold in three series matured recently. DLM Capital approached the Nigerian capital market earlier in 2022 to get funds for its business operations, and due to the confidence investors had in the company, they bought the notes. The firm had issued N1.24 billion Series 1, N1.01 billion Series 2 and

By Modupe Gbadeyanka Worried by the billions of Naira lost to the lingering traffic gridlock in the Apapa area of Lagos axis, the presidency has directed concerned agencies to restore law and order to the vicinity within two weeks. A statement issued on Monday by Mr Laolu Akande, the Senior Special Assistant to the Vice President, Mr Yemi Osinbajo, on Media and Publicity, said the agencies have also been directed to commence an immediate removal of all trucks from the bridges and roads within Apapa and all adjoining streets leading into the Apapa axis. Mr Akande said to facilitate this