Yuletide: NSCDC Deploys 45,000 Personnel

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 Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

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 International premium beer brand, Heineken has unveiled Nigerian-American artiste, Jidenna as host of the 2017 Live Your Music parties set to hold in Abuja and Lagos on 27th and 28th October respectively. This was announced by Franco Maria Maggi, the Marketing Director, Nigerian Breweries Plc, at a press cocktail event for the Heineken Lagos Fashion and Design Week (HLFDW) on Friday, 13 October, 2017. Heineken Live Your Music, a global Heineken music platform built on the collective passion of consumers for experiencing music was a memorable experience last year, then hosted by T-Pain and top Nigerian Hypeman

By Dipo Olowookere For the fifth straight trading session, Customs Street closed stronger on Wednesday by 0.16 per cent as investors gradually returned to the market after discouraging projections earlier scared them away. The Nigerian Exchange (NGX) Limited witnessed sustained buying interests, especially in the industrial goods sector, offsetting the selling pressure in the banking and consumer goods counters. Data from the bourse showed that the industrial goods index rose by 1.14 per cent, the insurance counter appreciated by 0.92 per cent, and the energy space grew by 0.32 per cent. However, the banking and consumer goods indices depreciated during

By Modupe Gbadeyanka The harmonised calendar for public and private primary and secondary schools in Lagos State has been adjusted by the Office of Education Quality Assurance (OEQA) to make room for the 2023 general elections. In February and March, the country goes to the polls to elect a new president, members of the National Assembly, governors and members of the state houses of assembly. Over the weekend, OEQA disclosed in a statement that it had adjusted a change in the dates earlier slated for the mid-term break of the second term in the harmonised school calendar. According to the

By Adedapo Adesanya The foreign exchange (FX) market in Nigeria reacted negatively to the decision of the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) by 100 basis points on Tuesday to 17.5 per cent, making the cost of borrowing more expensive. As the market received this news, the Naira depreciated against the United States Dollar at the various segments of the forex market. In the Peer-2-Peer (P2P) segment, the local currency lost N10 against the greenback yesterday to trade at N770/$1 compared with the previous day’s rate of N760/$1. Also, in the parallel market, the

Amateur boxers who could otherwise loose the opportunity to represent Ghana in the upcoming Tokyo 2020 Olympic Games, due to funding constraints, might be getting some support from two companies who have a strong history of supporting local talent; Geodrill and Ultimo Gardens to make the trip. The Ghana Boxing Federation (GBF) is presenting two amateur boxers in the amateur boxing category of this year’s Olympic Games which is currently expected to begin from Friday July 24 to Sunday August 9, 2020. The two had qualified after a qualifier held in Dakar, Senegal from February 20 and to February 29,

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has approved the new rules and amendments proposed by the Nigerian Stock Exchange (NSE). The new rules and amendments were suggested by the stock market regulator to fortify investors’ confidence in the nation’s bourse. The three rules and amendments approved by the apex capital market regulator in the country are ‘Amendments to Dealing Members’ Rules (Part XIIIA) – Block Divestments and Large Volume Trades,’ ‘Amendments to Issuers’ Rules – Deletion of Chapter 16: Information to be Provided in a Block Divestment,’ and ‘Rules on Order Handling and Best Execution.’ All the

By Adedapo Adesanya Prices of crude oil continued a recovery for the second day following news of escalating tensions between the United States and Iran. On Wednesday, President Donald Trump authorised American military to gun down any Iranian gunboat making any attempt to harass their ship. A day after, the leader of Iran’s elite Islamic Revolutionary Guard Corps (IRGC) retaliated and promised a “crushing response” to any American military attacks in the Gulf. It is believed that the market, starved of a positive disruptive news, latched onto the wave of geopolitical dispute to start moving up, after falling more than