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Sanwo-Olu Signs N2.246trn Budget into Law Gov. Babajide Sanwo-Olu of Lagos State has signed the 2024 Appropriation Bill into law, with an addition of N21.74 billion on the initial N2.246 trillion ‘Budget of Renewal’ presented. Speaking during the signing ceremony at the Lagos House Ikeja, Sanwo-Olu said the budget size now stood at N2.267 trillion […]

Oil Prices Fall Amidst Rising Uncertainties Global prices of crude oil declined on Monday after a choppy weekend movement amidst rising demand uncertainties across the major markets. Market data showed that West Texas Intermediate (WTI) trades at $72.04 per barrel, and Brent Oil trades at $77.36 per barrel at the time of writing. Oil edged […]

FrieslandCampina WAMCO Nigeria Gets New MD FrieslandCampina WAMCO Nigeria Plc has appointed Roger Adou as the Managing Director, effective Jan. 1, 2024. Ore Famurewa, Executive Director, Corporate Communications, made the disclosure in a statement on Monday in Lagos. According to the statement, Adou will report to Ali Khan, President, Middle East, Pakistan and Africa Business […]

MultiChoice Names Andrea Zappia Showmax Board Chairman Top Sky Executive, Andrea Zappia, has been appointed as the Chairman of Multichoice streaming platform, Showmax. The appointment followed MultiChoice’s recent deal with Comcast, as it seeks to rival the likes of Netflix Inc. and significantly grow its revenue on the continent. Zappia, who was the chief executive […]

Ai Threatens 40% of Global Jobs – IMF The International Monetary Fund (IMF) says nearly 40% of jobs globally will be influenced by artificial intelligence.  It added that, advanced economies expected to experience a higher impact compared to emerging markets and low-income nations. IMF Managing Director Kristalina Georgieva expressed concern in a Bloomberg report stating […]

Nigeria’s Headline Inflation Climbs to 28.92% Nigeria’s headline inflation grew stronger by 72 basis points to 28.92% year on year in December 2023, according to a statistics office report. In November, the consumer price index was 28.20% following a surge in food prices. Price level worsened over the last 12-month period, analysts said in a […]Read More

Access Holdings Acquires Megatech Insurance Brokers Access Holdings Plc says it has obtained all required regulatory approvals to acquire Megatech Insurance Brokers Ltd. Mr Sunday Ekwochi, Access Holdings’ Company Secretary announced this on the floor of the Nigerian Exchange Ltd (NGX) in Lagos. Ekwochi said that the acquisition of the company complemented Access Holdings bouquet […]

The long-running crisis between the Oyo State Government and sacked local government officials may finally be resolved following a reconciliation meeting facilitated by Minister of Power, Oloye Adebayo Adelabu. Prince Ayodeji Abass-Aleshinloye, the former Chairman of the Association of Local Governments of Nigeria (ALGON) who was sacked by Governor Seyi Makinde in 2019, was part […]

By Sylvester Udemezue On 15 January 2024, I read with shock a news report under the headline, “Senior Lawyers Ask Nigeria’s Judicial Council To Discipline Appeal Court Justices Involved in ‘Miscarriage of Justice’”_ See: Arise; LawAndSociety). This raises instant questions: (a) Professional discipline against the justices for what professional misconduct specifically? (b) Is it a […]

Oladosu Ariyo, father of slain 13-year-old teenager, Folashade Ariyo, who was killed by kidnappers on Monday, has confirmed the death of his daughter, calling on the Nigeria Bar Association, under the leadership of Yakubu Maikyau, to intervene in the rescue of the rest of his family. The kidnappers had killed three of 11 residents of […]

The Nigerian Bar Association (NBA) has extolled the supreme sacrifices of fallen heroes and veterans of the Armed Forces to keep Nigeria united and peaceful. In a goodwill message to commemorate the 2024 Armed Forces Remembrance Day, NBA President, Yakubu Maikyau SAN, said the association remains proud of the selfless services rendered by gallant officers […]

The Abuja Chamber of Commerce and Industry (ACCI) has honored the courage and unwavering dedication of the Nigerian Armed Forces, as the nation marks the 2024 Armed Forces Remembrance Day. In a press statement signed by its President, Emeka Obegolu SAN, the ACCI paid tribute to the service and supreme sacrifice of fallen heroes who […]