What You Should Know About Lagos New Victim, Witness Protection and Assistance Bill

By Adedapo Adesanya The federal government has announced that only 422 of the total 1,411 Nigerian delegates at the ongoing COP28 were funded with taxpayers’ money. This clarification followed the outrage over the size of Nigeria at the conference in Dubai, the United Arab Emirates (UAE). The Minister of Information, Mr Mohammed Idris, disclosed this in a statement on Monday evening amidst concerns by Nigerians about the large number of the country’s delegates at the climate change conference in Dubai. Business Post had reported that Nigeria was joint third with China behind the UAE and Brazil among all the countries

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the regulatory framework for energy transition, decarbonisation, and carbon monetization for upstream operations in Nigeria. The Commission Chief Executive, Mr Gbenga Komolafe, unveiled the regulatory framework at COP28 in Dubai, the United Arab Emirates (UAE) themed Driving Sustainable Upstream Operations to Achieve Just and Equitable Energy Transition.  Mr Komolafe noted that the regulatory framework has Natural Gas shift, zero routine gas flaring and methane abatement, carbon market development, and upstream operations efficiency as its key pillars. Others include technology and innovation, incentive mechanisms, collaboration, and risk management. According

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Modupe Gbadeyanka The Nigerian National Petroleum Corporation, NNPC has pledged to strengthen the anti-graft war across its value chain to ensure efficiency and optimization of resources. NNPC GMD, Dr Maikanti Baru, said as an anti-corruption minded entity, the NNPC had meted out appropriate sanctions against staff found to have flouted established processes and procedures. He stated this on Thursday in Abuja while receiving the management of the Anti-Corruption Academy of Nigeria (ACAN), the research and training arm of the Independent Corrupt Practices and other Related Offences Tribunal (ICPC), stressing that NNPC would work with the Anti-Corruption Academy to sustain

By Dipo Olowookere African focused investment firm Quantum Global Group were announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016. The award, which recognises excellence globally within the financial community, operates a strict assessment criterion measuring investment strategies, first-class client-advisor relations through active management and comprehensive services as well as developmental change. Quantum Global’s Deputy Advisory Board Chairman Dr. Thomas Ladner said: “We are honoured to be recognised as the Best Investment Company Angola 2016. Our investments generate value added returns for our clients and winning this award is a testament

By Adedapo Adesanya Prices of crude oil closed higher on Friday as the market’s attention turned to next week’s meeting of the Organisation of the Petroleum Exporting Countries and allies (OPEC+) and dimming expectations that the producer group will imminently boost supply. The news that OPEC+’s meeting next week (August 3) would likely end with no significant production target increase bolstered prices to a significant degree, pushing the Brent higher by $2.87 or 2.68 per cent to $110.00 per barrel as the United States West Texas Intermediate (WTI) crude gained $2.20 or 2.28 per cent to sell at $98.62 per

By Investors Hub Ongoing political turmoil in Washington is gradually weighing on the markets amid waning optimism about President Donald Trump’s ability to implement tax reform and deregulation. The major US index futures are pointing to a lower opening on Wednesday following the mixed performance seen in the previous session. In the latest headache for the White House, reports claim Trump asked former FBI Director James Comey to quash an investigation of former National Security Adviser Michael Flynn. The latest developments come on the heels of the uproar over Trump’s firing of Comey as well as claims the president revealed

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These

By Aduragbemi Omiyale The premises of Stockmatch Investments Limited in Maiduguri, Borno State, have been sealed by the Securities and Exchange Commission (SEC). The company was closed down by the apex regulatory agency in the Nigerian capital market because it was not authorised to sell investment products to the public. In a statement on Tuesday, SEC accused Stockmatch of carry out illegal investment activities, noting that it took the action to seal off the place in its renewed onslaught against promoters of Ponzi schemes in the country. According to the commission, the office of the company in Wulari Plaza on

By Modupe Gbadeyanka African banking giant, Ecobank, has scored another first with its Ecobank Academy becoming the first corporate member of the Global Business School Network (GBSN). GBSN has been building management education capacity in and for the developing world for over 17 years. The core of the network spans 6 continents with more than 100 leading business schools from 50 countries, whose leaders, faculty, and students engage in programs to improve access to quality, locally relevant management and entrepreneurship education. Since its beginning in 1985, the Ecobank Group has been committed to economic and social development across sub-Saharan Africa.

By Adedapo Adesanya The Catholic Bishop of Sokoto Diocese, Matthew Kukah, has reiterated that he remains unapologetic to those who perceive him to be an ardent critic of President Muhammadu Buhari. Bishop Kukah said this while speaking with journalists in Sokoto, noting that the criticism of the President was not based on personal reasons but due to the issues that have thrived under his administration. He said, “All what I have been clamouring for are not personal. There are two issues that bothered me with this administration. One is the quantum of loss of lives and I don’t think there