Power Africa Unveils Gas Roadmap to 2030

By Adedapo Adesanya  The Vice President, Mr Kashim Shettima, has departed Abuja for Johannesburg, South Africa, to represent President Bola Tinubu at the 15th BRICS Summit of Heads of State and Government. BRICS, an acronym for Brazil, Russia, India, China and South Africa, is a group of five major emerging and developing economies. In a statement released on Monday by Mr Olusola Abiola, the Director of Information in the Office of the Vice President, it was stated that the VP would be joining other business and political leaders across the world at the summit scheduled for the Sandton Convention Centre,

By Adedapo Adesanya African Development Bank (AfDB) President, Mr Akinwumi Adesina, has called for investments in renewable energy in Africa, pointing out the continent’s rich energy mix. In his keynote address (on September 4) during a session on Harnessing Africa’s renewable energy potential’, held at the ongoing Africa Climate Summit in Nairobi, Kenya, Mr Adesina stressed that “Every economy can only go as far as the energy it produces.” Mr Adesina underlined Africa’s tremendous potential in energy—from hydro and wind power, solar, to geothermal—which remains untapped in the face of a staggering electricity deficit on the continent. Africa has an

By Kestér Kenn Klomegâh South Africa hosts the 15th BRICS summit in Johannesburg. Russian President Vladimir Putin is participating, not in person, but this time only online. Historically, he has, a number of times, paid official working visits to South Africa. During these past two decades, he has held high-level talks, at different times, with Thabo Mbeki, Jacob Zuma and Cyril Ramaphosa. Russia and South Africa have unlimited opportunities to develop mutually beneficial economic partnerships. For instance, in early September 2006, Vladimir Putin and Thabo Mbeki discussed the outlook for improving bilateral economic ties with representatives of the two countries’

By Adedapo Adesanya The Nigerian Naira continued its strong-arming against the US Dollar in the Investors and Exporters (I&E) arm of the foreign exchange (forex) market on Tuesday, July 18, gaining 6.58 per cent or N52.35 to sell at N742.93/$1 compared with the preceding day’s N795.28/$1, according to data obtained from FMDQ Securities Exchange. The Naira firmed up despite coming under a forex demand pressure as the value of transactions increased by 352.4 per cent or $121.74 million to $156.29 million from the $34.55 million recorded in the preceding session. However, in the Peer-2-Peer (P2P) window, the exchange rate of

By Modupe Gbadeyanka A Swiss security company, SICPA SA, has been convicted of corporate criminal liability in connection with acts of corruption and has been directed to pay CHF 81 million. With the penalty order issued in accordance with Art. 102 para. 2 SCC in conjunction with Art. 322septies SCC, SICPA has acknowledged that it failed to take all necessary and reasonable organisational precautions to prevent bribes to foreign public officials. It was gathered that SICPA and its former employee have declared that they will not be appealing against the penalty orders, which will be legally binding. According to reports,

By Autofactorng A pre-purchase inspection will help you feel assured about a buying a used car. Check warning lights, fluids, tires, suspension, and brakes in a PPI. When buying a used car, it is important to get it checked out by a mechanic to make sure everything works correctly. So, it is better to go for used cars in Sacramento which have quality second-hand cars. Make sure the mechanic checks certain crucial systems, including the engine, brakes, and battery. In addition to these vital components, the mechanic should inspect other parts important to the functioning of a vehicle, such as

By Jerome-Mario Utomi Similar to every new invention which comes with opportunities and challenges, when candidates preparing for the University of Lagos Post UTME, got the news about the university’s management decision to allow candidates write the test from any location of their choice, it elicited two sets of reactions. For a better understanding of the piece, UTME stands for the Unified Tertiary Matriculation Examination (UTME), a computer-based standardized examination for prospective undergraduates in Nigeria, designed to assess the problem-solving, critical thinking knowledge of each of the students. For some, joy flashed on their faces. They and their parents were

By Adedapo Adesanya The Academic Staff Union of Universities (ASUU) has urged the federal government to review the recent hike in the fees in universities and unity schools across the country. Recall that the fees of federal universities and unity colleges were recently increased, causing many Nigerians to raise eyebrows amid dwindling purchasing power and a hike in the prices of goods and services. The government was looking to increase its revenue and cut down on borrowings to fund its budgets. The National President of ASUU, Mr Emmanuel Osodeke, in an interview with the News Agency of Nigeria (NAN) on

By Modupe Gbadeyanka The sum of N348 billion was on Wednesday approved by the Senate for the payment of outstanding oil subsidy claims to 74 petroleum marketers in the country. This followed adoption of the interim report of its Committee on Petroleum (Downstream) on the Promissory Note Programme and Bond Issuance to Settle Inherited Local Debts and Contractual Obligations to Petroleum Marketers. Chairman of the committee, Mr Kabir Marafa, informed his colleagues that although marketers made claims to the tune of N670.5 billion as at June 30, 2017, the PPPRA verified and approved the sum of N429.1 billion to the

By Modupe Gbadeyanka The board of directors of Unilever Nigeria Plc has approved the financial statements of the company for the period ended June 30, 2019. This was done at the board meeting, which took place on Thursday, July 18, 2019, at 1, Billingsway, Lagos, a statement issued by the firm disclosed. At the meeting, it was resolved that the unaudited interim financial statements of the organisation for six months ended June 30, 2019 should be released to the perusal of the shareholders and investing public on or before end of this month. “This is to notify the Nigerian Stock

By Modupe Gbadeyanka One of the world’s leading providers of audit, tax and advisory services, KPMG, has been announced as the new External Auditors of Lafarge Africa Plc. A statement sent to the Nigerian Stock Exchange (NSE) on Tuesday, October 3, 2017, explained that KPMG is replacing Ernst & Young (Nigeria). “We write to formally notify the Nigerian Stock Exchange (NSE) of the appointment of KPMG as External Auditors. “KPMG has been appointed to replace Ernst & Young (Nigeria),” Mrs Edith Onwuchekwa, the Company Secretary/Legal Director, disclosed. Lafarge Africa Plc is a leading Sub-Saharan Africa building materials company listed on