We.Share Foundation Empowers Women, Children in Lagos

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

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 Adedapo Adesanya Oil prices returned to the bullish territory on Monday after a heavy price crash last Friday amid fears over the threat to demand triggered by the new Omicron COVID-19 variant. The international benchmark, Brent crude futures, gained $1.02 or 1.39 per cent to trade at $74.46 per barrel, while the United States’ benchmark, West Texas Intermediate (WTI) crude, gained 89 cents or 1.27 per cent to sell at $70.84 per barrel. Last week, the market panicked over Omicron, the new heavily mutated coronavirus variant detected in South Africa, dropping more than 10 per cent over fears sparked

By Modupe Gbadeyanka On Wednesday, December 14, 2016, Stanbic IBTC Bank launched its first self-service digital branch at a ceremony held in Lagos. The flagship digital branch hopes to deliver the transformational power of digital technology to drive optimal financial services in Nigeria. Tucked inside the Maryland Mall, right in the heart of Lagos, the branch’s processes and systems are completely digitalized and equipped with tablets, touch screens, electronic banking devices and new digital technologies set up in designated self-service and private areas to enable customers conduct financial transactions seamlessly while enjoying a delightful banking experience. Among other facilities available

By Dipo Olowookere The Lagos Chamber of Commerce and Industry (LCCI) will on Thursday, November 1, 2018 hold its International Investment Conference in Lagos. A statement from the agency disclosed that the theme for the confab is Promoting Investment, Connecting Businesses. The 2018 edition of the Investment Conference, which starts by 9am at the Shell Hall, Muson Centre, Onikan, Lagos, will provide participants with the investment opportunities in Nigeria, insight into factors that impede foreigners from leveraging on the investment opportunities and challenges faced by indigenous investors and proffer solutions. It would also provide a veritable platform for a mutually

By Modupe Gbadeyanka The board and management of United Bank for Africa (UBA) Plc have expressed their satisfaction with the contribution of its pan-Africa subsidiaries to the group’s total revenue. In view of this, they have approved the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as CEOs of arms in Mali, Uganda, Zambia, Senegal, Tanzania and Sierra Leone respectively. UBA boasts of 20 subsidiaries across Africa and according to its Chairman, Mr Tony Elumelu, the group’s pan-African businesses are currently responsible for over 40 per cent of total group revenue. In a

By Dipo Olowookere Yesterday, the local currency depreciated against the American Dollar at both the interbank and I&E windows of the foreign exchange (forex) market. The Naira, which traded at N306 to the Dollar last Friday, closed on Monday at N306.05, indicating a decline of 5 kobo. Also, the local currency, which was exchanged at N362 per Dollar during the last trading session, was transacted at N360.20 yesterday. However, the local currency closed flat at both the parallel and SMIS retail markets. While the Nigerian Naira was traded against the Dollar at N360, it went for N352 at the SMIS

By Dipo Olowookere A former branch manager of United Bank for Africa (UBA) Plc in Edo State, Mrs Florence Onome Odior, has been remanded in prison. The woman was arraigned on Friday, June 16, 2017, by the Economic and Financial Crimes Commission (EFCC) alongside four others, including her husband, Mr Orion Sunday. The anti-graft agency arraigned her on a 19 count charge bothering on stealing, forgery, obtaining under false pretence, uttering and conspiracy to defraud contrary to section 467(2)(d) of the criminal code laws of Edo State of Nigeria, 2006. Others dragged before Justice Ohimai Ovbiagele of the federal high

By Adedapo Adesanya Nigeria’s total foreign trade, which accounts for both import and export, dropped 18 percent (quarter-on-quarter) in the first quarter of 2020 to N8.3 trillion compared to N10.1 trillion in the fourth quarter 2019. This was disclosed in the latest foreign trade report released by the National Bureau of Statistics (NBS) released on Tuesday. According to the report, the year-on-year total foreign trade increased by 0.8 percent from N8.2 trillion in Q1 2019 to N8.3 trillion in Q1 2020, reflecting the early effects of disruption caused by COVID-19 pandemic which started in March. Total import for the period

By Modupe Gbadeyanka Justice Adedayo Akintoye of a Lagos State High Court sitting in Igbosere area of the state has ordered the arrest of former Super Eagles captain, Austin ‘Jay Jay’ Okocha. The judge gave security operatives the directive to apprehend the former Bolton Wanderers player over tax evasion charges. It was reported that the former Nigerian playmaker had repeatedly failed to appear before the court to answer why he allegedly failed to pay his income taxes to government. The warrant of arrest for Mr Okocha was issued by the judge on January 29, with the matter thereafter adjourned till