We’ve Commenced Disbursement of N10.9bn Palliatives—Buhari Tells UN

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Adedapo Adesanya The Nigeria Labour Congress (NLC) is set to embark on its planned strike as it said it does not have any agreement with the federal government to shelve the action. This came from its Head of Information and Public Affairs, Mr Benson Upah, who countered a statement by the Ministry of Labour and Employment. Mr Upah also said the NLC did not have any date for a meeting with the government that may lead to the suspension of the proposed strike. “We do not have any agreement with the government to suspend the planned strike action. Neither

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 Adedapo Adesanya The Nigeria Labour Congress (NLC) has suspended its five-day warning strike in Kaduna State. Announcing the suspension on Wednesday, the NLC President, Mr Ayuba Wabba, said the decision was to honour the invitation of the federal government on Thursday to mediate in the dispute between labour and the Kaduna State Government. This came after the central government through the Minister of Labour and Employment, Mr Chris Ngige, intervened in the ongoing face-off between the Kaduna State government and labour unions by inviting both parties to a reconciliation meeting. The meeting scheduled to hold at the Ministry of

By Ashemiriogwa Emmanuel One of Africa’s leading agrifood-tech startups digitising its food supply chain, Vendease, has raised $3.2 million in a seed round to expand its operations on the continent. The funding round was led by Global Founders Capital, a backer of one of Africa’s very first unicorns, Jumia, with participation from existing investors such as Paga’s Tayo Oviosu, Remita’s John Obaro, and Magic fund. At the same time, new angel investors who participated were Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC, and Soma Capital. The nine-month-old, Nigerian-based startup plans to use the fresh funding to increase its

By Adedapo Adesanya The last trading week before the Christmas break was not a good one for investors at the NASD Over-the-Counter (OTC) Securities Exchange as their portfolios shrank by 0.61 per cent. Data from the bourse showed that in the 51st trading week of the year, the market capitalisation of the platform reduced by N5.68 billion to N925.06 billion from the preceding week’s N930.74 billion. Also, the NASD Securities Index (NSI) went down by 4.32 basis points to close the week at 704.00 basis points, in contrast to the 708.32 basis points it ended in Week 50. Business Post

By Modupe Gbadeyanka Content creators, aspiring producers, songwriters and others in Africa will continue to receive support and be given priority in order to make them better, YouTube has assured. In a statement on Monday, the company further promised that it will continue to provide its platform for the growth of Africa’s creator ecosystem so as to showcase the vast talents on the continent to the world. Already, YouTube has lined up a series of activities to celebrate Africa Month in May, with the YouTube Africa Day Concert, in partnership with Idris Elba, returning for the third year in a

By Dipo Olowookere Rite Foods Limited, the makers of the premium award-winning Fearless energy drink, has unveiled a new mantra for the brand, Embrace the Thrill. In its new television commercial, the company expressed its determination to continue revitalising consumers with its Classic and Red Berry flavours. In the TVC, the brand motivated its consumers to go beyond their limits and not be laid back by the number of rejections they have received in time past. The new pay-off also encouraged them to be daring and energetic, to exhibit the willpower to excel, be enthusiastic in their endeavours, and be

By Dipo Olowookere The Director of the Department of State Services (DSS) in Kano State, Mr Abdullahi Chiranchi, has been reported dead. Mr Chiranchi was said to have kicked the bucket on Saturday after a brief illness. He was reportedly rushed to the Aminu Kano Teaching Hospital after complaining of stomach contractions. However, efforts by doctors to save the DSS top shot were futile as he later breathed his last. His demise has reportedly brought sadness to the DSS office in Kano as the deceased was loved by all. Meanwhile, his corpse has been taken to Katsina State, where he

By Sodeinde Temidayo David Nigerian Exchange (NGX) Limited is set to host the maiden edition of its TechNovation Conference on Thursday, September 30 2021. NGX TechNovation Conference would be a flagship event that will provide a platform for local and global technology leaders to syndicate conversations around technology, partnerships and innovation that can advance technology adoption in the Nigerian capital market. This edition of the conference is with the theme Technology, Platforms and Markets and would be hosted by the Chief Executive Officer (CEO) of NGX Limited, Mr Temi Popoola. The event is part of the exchange’s determination to leverage

By Dipo Olowookere The price group of Skyway Aviation Handling Company Plc has been upgraded to the medium-price stock level from a low-price stock category by the Nigerian Exchange (NGX) Limited. A circular issued last week by the bourse confirmed this development, which was due to the trading of the company’s shares at the N5 band for more than four months. The exchange operates a pricing methodology framework, which allows the reclassification of stocks if the share price stays within a certain level for at least four months of the last six months. The equity value of Skyway Aviation had