Youths Celebrate Taraba @ 28, Commend Governor Ishaku

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

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 Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Adedapo Adesanya Crypto exchange, KuCoin, has raised a $150 million pre-Series B round at a valuation of $10 billion, with plans to use the new round to boost its service expansion to new and emerging technologies. The round, which was led by Jump Crypto, also saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. KuCoin noted that it would use the funds to expand its product offering, going beyond the current centralized trading services and increasing its presence in the broader Web 3 market. This will see it make more investments such as

Chief Executive Officer of Alerzo Limited, Mr Adewale Opaleye, has said the innovative e-commerce platform has improved the business fortune of over 80,000 informal retailers across the country. Alerzo is one of the innovative Business-to-Business e-commerce platforms deploying technology to reinvent the distribution value chain in the informal retail sector. While speaking on the impact of e-commerce brands on the sector, Mr Opaleye said “We empower retailers in the informal sector through our ecosystem of digital products, so, they are equipped to run profitable and sustainable businesses. “We’re focused on supplying much-needed products to informal retailers without the usual stress

By Adedapo Adesanya The House of Representatives has commenced investigation into the alleged involvement of Addax Petroleum Nigeria Limited and Aiteo Eastern Exploration and Production Company in oil spills in Rivers State. Business Post had reported that three Kalabari Local Government Areas of Degema, Asari-Toru and Akuku-Toru of the state had petitioned the two oil firms over their activities in Rivers State. The petition was laid on the floor of the House of Representatives by the member representing Degema/Bonny Federal Constituency, Mr Farah Dagogo. The Amanyanabo of Kalabari, Professor T.J.T Princewill, through Mr Tubotamuno Dick, accused Addax Petroleum Nigeria Limited

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) recorded a 10 per cent growth in its net income in the first six months of the year. the unaudited financial statements of the bank said the net income grew to $150.8 million from $137.6 million in the same period of last year. According to a statement from the Cairo-based lender, the rise in the net income was mainly driven by a strong growth in net fee and commission income, which rose by 134 per cent in the period. The net interest income for the period grew by 17 per cent to

By Modupe Gbadeyanka Nigerian lender, Heritage Bank, has reiterated its commitment to deepen its support to young entrepreneurs in the country to grow their businesses either as start-ups or prospective business owners. This is part of its further response to deal with the global economic challenge occasioned by COVID-19 pandemic and in line with its culture as timeless wealth partners, which would impact positively on the nation’s socio-economic development. According to the bank’s MD/CEO, Mr Ifie Sekibo, Heritage Bank was mindful of the devastating impact of the pandemic to the nation’s economic system, hence, as an institution at the forefront

By Adedapo Adesanya The Lagos State Government is set to establish a Youth Affairs Department in all 57 Local Government and Local Council Development Areas (LCDAs) of the state. This was disclosed by Mr Saheed Akanbi, Senior Special Assistant on Youth Matters to Governor Babajide Sanwo-Olu, at the third Annual Media Retreat of Conference 57. The Conference 57 is a forum of chief press secretaries of all local councils in Lagos State. The Governor’s aide said that the youth department at council levels would help fasttrack development across the state. “Effort is in progress as there is need to establish

By Aduragbemi Omiyale Some Nigerian companies are gearing up for the earlier adoption of Sustainable Accounting Standards Board (SASB) Standards. Recently, in preparation for the standard effectiveness of the International Sustainability Standards Board (ISSB), five webinars were held for the imminent release of the ISSB’s first two IFRS Sustainability Disclosure Standards, better known as IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information); and IFRS S2 (Climate-related Disclosures). The virtual workshops were put together by the ISSB, the Financial Reporting Council of Nigeria (FRCN), and the Nigerian Exchange (NGX) Regulation Limited. The webinars themed ISSB Industry-based Disclosure: Using the

Call vetting firm, Truecaller, has announced the global launch of its Truecaller SDK solution exclusively for the mobile web platform. With this, Truecaller SDK now supports all the key mobile platforms across Android, iOS, React and now mobile web including Progressive Web App support. Developers can access the mWeb SDK from Truecaller’s global developer portal. Across emerging markets like India and Africa, mobile web based experiences on smart phones are proving to be the first point of discovery for users trying to access products and services online. One of the key challenges in these markets has been to on-board users