APO Group, Kwesé Sports to Promote Rugby in Africa

By Adedapo Adesanya The Nigeria Police Force has said it would carry out an investigation into the death of the late Nigerian music star, Mr Ilerioluwa Oladimeji Aloba, otherwise known as Mohbad. The Feel Good crooner died on Tuesday, September 12, at the age of 27 over what was reportedly an ear infection, but many developments over the last two days reveal that the singer had historically been threatened and had suffered violence following his split from a popular record label, Marlian Records, last year. Fans have taken to social media to express their outrage towards what they suspect is

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By Dipo Olowookere World Bank Mission representative has hailed Botswana for the impressive output on the National Monitoring and Evaluation System (NMES). Speaking during the combined thematic working groups (TWG) workshop on project for development of a national monitoring and evaluation system in Gaborone recently, World Bank’s lead public sector governance specialist, Ms Kathrin Plangemann indicated that what the groups had done was impressive. Ms Plangemann said following the World Bank mission of December 2016, different sectors were required to review the indicators and make possible changes and improvements where necessary. She stated that a few of the members had

By Modupe Gbadeyanka Steps are being taken to regulate the activities of Financial Technology Companies (FinTechs) in Nigeria. Central Bank of Nigeria (CBN), which regulates activities of financial institutions in the country, said very soon, it would release code of conducts for fintechs operating in the Africa’s largest market. According to the Director of Banking and Payments System Department at the CBN, Mr Dipo Fatokun, the drafting of guidelines for operations of the sector was currently ongoing. Speaking in Lagos at the Annual General Meeting (AGM) of Nigeria electronic Fraud Forum (NeFF) with the theme ‘Tightening the BELT of E-fraud

By Modupe Gbadeyanka Since it commenced operations, Zedcrest Capital Limited has continued to soar higher and recently, it was honoured with three international awards. The new-age financial solutions powerhouse has been named the Leading Proprietary Investment Firm in Nigeria and the Best Financial Management Firm in Nigeria by International Business Magazine. The company received the awards just a few days after its recognition by UK-based publication, Global Business Outlook as the Best Proprietary Investments Firm in Nigeria for a second consecutive year. The firm, in a press statement, described the awards as an acknowledgement of the company’s consistent focus on

By Adedapo Adesanya The value of the Nigerian currency weakened to a new low on Wednesday, September 1 at the parallel market after it lost N2 against the Dollar. Data obtained by Business Post showed that the Naira crashed to N528/$1 at the close of transactions yesterday from the previous day’s N526/$1. The major cause of the poor performance of the local currency at the foreign exchange (FX) market at the midweek session was the scarcity of forex. This was reflected in the performance of the domestic currency against the other foreign currencies at the market yesterday as it depreciated

By Dipo Olowookere Minister of Agriculture and Rural Development, Mr Audu Ogbeh, on Thursday visited the the Institute of Livestock and the School of Pest Control in Kaduna. Mr Ogbeh used the occasion to have a first-hand assessment of the facilities and operations at the two institutions. The Minister embarked on a guided tour of the pest control laboratories, livestock workshops and agricultural equipment warehouses, some of which were in a state of disrepair. It was gathered that the warehouse containing the stock of new rice mills recently procured to boost rice milling capacity nationwide was also inspected by the

By Dipo Olowookere A Civil Society Organisation, Media Initiative against Injustice, Violence and Corruption (MIIVOC) has invoked the Freedom of Information (FoI) Act in demanding for details of Annual Compliance Reports by Ministries, Departments and Agencies (MDAs) of the Federal Government with the FOI Act, from 2011 to 2016. MIIVOC made the demand, pursuant to section 29 of the Freedom of Information Act, 2011, which provides that “Public Institutions shall submit to the Attorney General of the Federation, a report which shall cover the preceding fiscal year…” In a letter dated 7th February, 2017, entitled: Request for details of Annual

By Dipo Olowookere The proposed voluntary winding up of RAK Unity Petroleum Company Plc has been approved by shareholders of the organisation. The authorisation for the folding up of the company was given at its 18th Annual General Meeting (AGM) held on Friday, June 4, 2021, at the Shell Hall, Muson Centre, Onikan, Lagos. A notice from the energy firm said that the shareholders were unanimous in approving the proposal put forward by the board of the company at the gathering. It was also agreed at the meeting that Mrs Chinwe Chiwete of the law firm of EPIC Legal, which

By Modupe Gbadeyanka Treasury bills worth N843.89 billion were sold to investors this week by the Central Bank of Nigeria (CBN), Business Post is reporting. The short-term sovereign debt securities issued by the apex bank on behalf of the Federal Government of Nigeria were sold during week via the primary and secondary markets. The market resumed on Tuesday after the two-day public holiday declared by government last Friday and this Monday to mark Easter. On Wednesday, the central bank sold T-bills worth N95.20 billion at the primary market with the 91-day bill worth N9.52 billion sold at 11.75 percent, the