Saturday, September 21, 2019

Oluwatoyin Bayagbon

    UNICEF, EU provide water for thousands in Plateau community

UNICEF, EU provide water for thousands in Plateau community

The European Union in partnership with the United Nations Children’s Fund (UNICEF) has inaugurated a solar-driven motorised water facility in Riyom local government area of Plateau state. The organisations said the project will benefit about 4,500 people in the community, provide improved access to safe water and sanitation facilities with gender-segregated latrines and a hand pump. Quoting data from the WASH National [...]

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    EXTRA: Wale Tinubu ‘looking forward to new life in music’ — amid Oando crisis

EXTRA: Wale Tinubu ‘looking forward to new life in music’ — amid Oando crisis

Wale Tinubu, chief executive officer of Oando PlC, says he is “looking forward to his new life in music”. Tinubu gave the hint in his birthday celebratory post shared on Twitter and Instagram. Pictured holding a guitar, the embattled Oando CEO who turned 52, said he is “eternally grateful to Allah”. https://twitter.com/AdewaleTinubu/status/1143937293788557315 The post was completed with the hashtags “#WaleTinubuTheGuitarist” and “#JATRecords”, possibly [...]

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    Former NNPC GMD replaces Kachikwu as alternate board chairman

Former NNPC GMD replaces Kachikwu as alternate board chairman

President Muhammadu Buhari has appointed Thomas John as acting alternate chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. [...]

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    We will most likely change our name, says new Forte Oil CEO

We will most likely change our name, says new Forte Oil CEO

Olumide Adeosun, chief executive officer, Forte Oil Plc, says the company will most likely undergo a name change to reflect its new structure. Adeosun spoke at a briefing to unveil strategies the company’s new management in Lagos on Tuesday. Femi Otedola, former chairman of Forte Oil, announced on June 19 that he had completed sale of his majority shareholding in [...]

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    Entrepreneur launches app ‘to make learning easier for students’

Entrepreneur launches app ‘to make learning easier for students’

Akeem Salami, founder of Save-A-Lot Media Limited, has launched an indigenous audio-visual application dubbed the “Mobile Classroom App”. The app was launched at an event in Lagos. Speaking at the launch, Salami described the mobile app as the first indigenous audiovisual classroom application from Africa that will birth a new learning experience for students and others who make use of [...]

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    Walid Jibrin rejects Miyetti Allah vigilante

Walid Jibrin rejects Miyetti Allah vigilante

Walid Jibrin, board of trustees chairman of the Peoples Democratic Party (PDP), says the formation of herdsmen vigilante groups in the south-east will aggravate the crisis between farmers and herdsmen. At a press briefing in Kaduna on Tuesday, the elder statesman kicked against the proposal by the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) to set up Fulani youth vigilante groups in [...]

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    Nigeria remains the best place to invest, says Osinbajo

Nigeria remains the best place to invest, says Osinbajo

Vice-President Yemi Osinbajo says Nigeria remains the best place to invest, given the population of the country. In its 2019 state of the world population report, the United Nations Population Fund (UNFPA) pegged Nigeria’s population at 201 million. Speaking at an interactive session with foreign policy experts at the Council on Foreign Relations in New York, US, on Monday, Osinbajo said the potentials [...]

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    MTN launches 4G+ in Lagos, PH and Abuja

MTN launches 4G+ in Lagos, PH and Abuja

MTN Nigeria has launched 4G+ in Lagos, Abuja and Port-Harcourt, Rivers state capital. According to a statement by the telecoms giant, it is aimed at delivering a "premium experience" to more people across the country. Explaining its features, MTN said the 4G+ service “runs on 4G LTE Advanced Technology using a combination of the recently acquired 800 MHz spectrum and 2600 MHz”. “The [...]

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    Innoson vs GTB: Court orders Chukwuma’s arrest

Innoson vs GTB: Court orders Chukwuma’s arrest

A federal high court in Lagos has issued a bench warrant for the arrest of Innocent Chukwuma, chief executive officer of Innoson Nigeria Ltd. Ayokunle Faji, the presiding judge, issued the bench warrant on Monday, citing Chukwuma’s failure to appear before him over an alleged N2.4 billion fraud case. According to NAN, the court also ordered the arrest of two of Chukwuma’s [...]

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    Schneider Electric signs MoU with energy firm to provide 30 mini-grids for hospitals

Schneider Electric signs MoU with energy firm to provide 30 mini-grids for hospitals

Schneider Electric has signed a memorandum of understanding with EM-ONE Energy Solutions, a sustainable energy and engineering firm. Under the MoU, Schneider would provide support for EM-ONE, as the energy firm delivers 30 mini-grids to power hospitals in Kaduna state with plans to assist the university and rural electrification market.A mini-grid is an integrated local generation and distribution system with installed [...]

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    FG appoints Ahmad Shakur as acting DPR director

FG appoints Ahmad Shakur as acting DPR director

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    MultiChoice to lay off thousands of workers

MultiChoice to lay off thousands of workers

MultiChoice Africa, a multinational video entertainment company, has announced plans to restructure its customer service model, leading to the possible loss of over 2,000 jobs. The restructuring would create new opportunities for "multi-skilled employees with the expertise, skills and technological prowess to enhance the customer experience," Calvo Mawela, MultiChoice group chief executive, said in a statement on Friday. Mawela said the company [...]

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    NNPC: We’ll resume oil search in Chad Basin after security clearance

NNPC: We’ll resume oil search in Chad Basin after security clearance

The Nigerian National Petroleum Corporation (NNPC) says it will resume oil search in the Chad Basin as soon as it receive security clearance.  [...]

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    Kwara NYSC camp not fit for human living, says gov

Kwara NYSC camp not fit for human living, says gov

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    DMO to offer N100bn FGN bonds

DMO to offer N100bn FGN bonds

The federal government, through the Debt Management Office (DMO), will issue a N100 billion bond for subscription on June 26.In a circular posted on its website on Tuesday, the DMO said it will receive applications for the offering in three tranches, with a settlement date set for June 28.The first is a N30 billion five-year reopening bond that will mature [...]

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    Forte Oil sale completed, says Otedola

Forte Oil sale completed, says Otedola

Femi Otedola, billionaire businessman, says the sale of Forte Oil Plc, has been completed.Last year, Otedola, who was chairman of the oil firm, had announced the plan to sell off his 75 percent stake in the company to "maximise the opportunities in refining".In a message he posted on Wednesday, the businessman said the process had been completed and he is [...]

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Exchange Rates

September 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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