COSON Goes To Ibadan In September

By Adedapo Adesanya Nigerian music star, David “Davido” Adeleke, has announced that 424 orphanages have benefited from his philanthropic efforts to the tune of N237 million. In a message shared on his social media pages and seen by Business Post on Thursday, the Unavailable crooner said, “I am proud to announce that my foundation, The David Adeleke Foundation (DAF), has donated the sum of N237,000,000.00 (Two Hundred and Thirty-Seven Million Naira) to orphanages throughout Nigeria. “The distribution of donation funds was led by the chair of the DAF Disbursement Committee, Mrs Titi Adebayo, with the foundation successfully distributing funds to

By Aduragbemi Omiyale A veteran Yoruba actor, Mr Musiliu Olaitan Ajikanle, also known as Bufallo, has died after a prolonged illness. Musiliu Ajikanle was said to have died on Monday after suffering from a stroke for about seven years. A cleric, Agbala Gabriel Foundation, brought his plight to the public a few months ago. The actor, before his demise, has acted in several movies and has also produced some flicks. Details later.

By Modupe Gbadeyanka Fun seekers at the BK Arena in Kigali, Kenya, on Saturday, August 19, 2023, will not forget in a hurry the excitement they felt seeing their favourite African music stars perform in their presence. Several musicians from 16 countries converged on the venue to put smiles on the faces of their fans at an event hosted by Spotify in partnership with Giants of Africa for the inaugural Giants of Africa Festival. It was in celebration of the non-profit’s 20-year anniversary, and the week-long festival did not fall beyond expectations. The event used music and basketball to educate

By Modupe Gbadeyanka Eight nightclubs and event centres within Ikeja and Victoria Island have been sealed by the Lagos State government over safety violations. A statement by the Lagos State Safety Commission disclosed that the affected facilities were shut down to ensure the safety of lives and properties in the metropolis. A few facilities accused of contravening the state’s safety laws were Hot Box Night Club, Shades Night Club, Buzzbar, and CCX Lounge. The Director General of the agency, Mr Lanre Mojola, said the administration of Governor Babajide Sanwo-Olu has zero tolerance for violation of safety laws and will continually

By Modupe Gbadeyanka A group of political parties in the country under the aegis of the Conference of Nigeria Political Parties (CNPP) has said the nationwide broadcast of President Muhammadu Buhari on Thursday night on the unrest in the country came rather too late. The group, in a statement issued on Friday, disclosed that the President was warned earlier about the tragedy that could befall the nation if he was slow to react to the burning issues. For nearly two weeks, youths in the country cried out to the federal government through protests across the nation calling for an end

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the inadequate supply of petrol from the depots in Lagos for the fuel scarcity in Abuja. Speaking with the News Agency of Nigeria (NAN) on Monday, Mr Chinedu Okoronkwo, IPMAN’s President, said marketers and transporters are now finding it difficult to take products to other parts of the country from the depots because of running costs. He explained that this is leading resurgence of queues at petrol stations in the nation’s federal capital territory and other parts of the country. Mr Okoronkwo said the ongoing conflict between

By Investors Hub European markets are broadly higher on Thursday, even as U.K. stocks have struggled for direction as trading commenced following a delay by one hour due to a technical issue. While the German DAX Index is up by 0.1 percent, the French CAC 40 Index and the U.K.?s FTSE 100 Index are both up by 0.2 percent. Cyclicals such as banks and automakers are moving higher after the German Bund yield rose back to above 0.5 percent on speculation the European Central Bank may discuss ending its bond purchasing program at a meeting next week. Meanwhile, Danish drug

By Ebitonye Akpodigha Nigeria’s Independent Electoral Commission (INEC) has taken the lead as the best performing public institution in the country with 28.6% of the total vote casts in the ongoing online poll conducted by the African Leadership Magazine. The African Leadership Magazine’s poll indicates Nigerians’ faith in INEC to conduct free, fair and credible elections in the country, following the just-concluded Edo state gubernatorial election which has been adjudged as free and fair, as well as the preparations for the forthcoming Ondo state gubernatorial election. The Economic and Financial Crimes Commission (EFCC), which has in the last one stepped

By Destiny Ugorji Two Northern Nigerian States, Kano and Adamawa, have expressed their readiness to adopt and operationalize the Freedom of Information (FOI) Act 2011. Kano State Head of Civil Service, Alhaji Mohammad Auwal Na’iya, made the state government’s position known while delivering a goodwill message on Thursday at an FOI Assessment and Awareness joint Roundtable of Ministries, Departments and Agencies (MDAs) and Civil Society organisations in the State. According to him, the Kano state government is in the process of adopting the Freedom of Information Act, with a view to empowering the citizens to participate actively in governance. “Kano

By Kester Kenn Klomegah Foreign Minister Sergey Lavrov has held series of diplomatic discussions with a number of high-level African delegations who attended the St Petersburg International Economic Forum (SPIEF) from June 6 to 8, reaffirmed Russia’s preparedness to strengthen cooperation in socio-economic spheres, provide the necessary military-technical logistics for enforcing stability and continue training specialists in Russian educational institutions. Traditionally, SPIEF is a meeting platform for world business leaders, government officials, experts and media representatives to discuss and jointly search for solutions to the most pressing issues in the Russian and global economies. The key theme of this year’s

By Dipo Olowookere The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at Odukpani, Cross River State, with the goal of creating a regional low-cost manufacturing hub that would produce equipment components and spare parts that would be utilized in the Nigerian Oil and Gas industry. The Odukpani Park is the first to take off among four planned sites and will be followed by the site in Emeyal 1, Ogbia Local Government Area, Bayelsa State. Speaking at the ground-breaking ceremony on Friday, the Executive Secretary, NCDMB. Engr. Simbi Wabote credited

By Dipo Olowookere The local currency depreciated against the Dollar during the week at the Investors & Exporters (I&E), Bureau De Change (BDC) and the parallel (black) segments of the foreign exchange (forex) market. This was in line with expectations and the continuous decline in the nation’s external reserves, which closed at $41.6 billion at the end of the week. Specifically, the Naira went down by 0.11 percent against the Greenback at the I&E window to finish at N364.01. It also went down by 0.28 percent each at the BDC and black markets to settle at N360/$ and N364/$ respectively.