The Federal Government is set to crash the price of Liquefied Petroleum Gas (LPG) otherwise known as cooking gas as it has initiated a process to resolve challenges bordering on the supply and pricing of the product. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said he waded into the issue following a rise in the price of LPG per kg from about N700 to above N1,100 in some parts of the country. According to a statement issued by the Spokesman to the Minister, Louis Ibah, the meeting which was recently held at the instance of the minister…
Author: Elvis Eromosele
The KFW Development Bank has injected € 25 million into the Nigerian economy for the growth and development of micro, small and medium enterprises (MSMEs) and the renewable energy sector through the Development Bank of Nigeria (DBN) Plc. The fund is part of its contribution to contribute to resuscitate Nigeria’s ailing economy. Commenting on the development at the DBN Office in Lagos, Managing Director/CEO of DBN, Tony Okpanachi, said KFW has always been supportive of Nigeria’s economy in various sectors, and that it is keen to see MSMEs and the energy sector bounce back. He said: “Today, we just signed…
The Sahara Group Foundation has hosted the second edition of the Sahara STEAMers programme to equip participants with the knowledge and skills to create innovative solutions that address problems across various sectors. The National Demo Day competition, according to the organisers, is to nurture and create Africa’s next-generation leaders and social innovators. The Sahara STEAMers programme, an afterschool initiative in partnership with STEMCafe, was created in 2022 to foster innovation, creativity, and excellence in Science, Technology, Engineering, Arts, and Mathematics (STEAM) education among secondary school students in Africa. This year’s edition gave the participants the opportunity to present innovative solutions…
Nigeria’s Asisat Oshoala of Barcelona and Chiamaka Nnadozie of Paris FC have been announced in the final shortlists for the CAF’s Player of the Year in women’s categories of the CAF Awards 2023. Confederation of African Football (CAF), on Monday, unveiled the final shortlists of 10 players for the Player of the Year category in the race for the individual honour. The other categories, Interclub Player of the Year, Goalkeeper of the Year, Young Player of the Year, Coach of the Year, National Team of the Year and Club of the Year, have five nominees each. However, Super Falcons coach…
The Lagos State government, on Monday, crushed 1,500 motorcycles (Okada) seized from operators said to have violated the state’s traffic laws. This is a move that is likely to away livelihoods from more Nigerians struggling to make a living amid Nigeria’s economic crunch. Lagos is Nigeria’s economic hub and arguably the country’s most populated state. But the population comes with some daunting challenges such as traffic congestion and a shortage of means of public transportation. As a result, thousands of motorcycles are deployed on the roads by the unemployed for commercial purposes, bridging the gaps in public transportation and earning…
The Federal Government of Nigeria (FGN), as part of measures to address the food shortage in the country, is set to flag off the 2023/2024 dry season farming on Saturday, 25 November 2023. According to a statement issued by Kingsley Osadolor, technical adviser on strategy and communications to the Minister of Agriculture and food security on Thursday, the government announced a 50 per cent drop in the price of agricultural inputs, as it plans to distribute a range of agricultural inputs, including seeds, fertilizer, herbicides and pesticides, will be delivered to farmers. Osadolor noted that the 2023/2024 dry season farming…
Bosun Tijani, Minister of communications, innovation, and digital economy has announced the launch of a $609 million fund dedicated to supporting tech entrepreneurs in Nigeria for the next four years. He made this revelation during the 2023 Nordic Nigeria Connect event in Lagos. Highlighting the vital role of telecommunications in the country, Tijani emphasized the necessity of forging partnerships that facilitate citizen access to these services. He stressed the importance of building relationships with innovative organizations globally to leverage existing knowledge and opportunities without duplicating efforts. The minister emphasized the need for both government and the private sector to collaborate…
Sam Altman has returned as the CEO of OpenAI after a week of tumult and controversy. In addition, CBNC reports that three new board members have replaced the previous leadership that ousted Altman. OpenAI’s new board doesn’t appear to be fully built. Negotiations are reportedly underway to install representation from Microsoft or other major investors. There’s a notable change in the board’s experience. The previous board included academics and researchers, but OpenAI’s new directors have extensive backgrounds in business and technology. Microsoft CEO Satya Nadella said in an interview with CNBC earlier this week that governance at OpenAI needed to…
By Michael Owhoko, Ph.D Any Nigerian with a rational and open mind knows that the complexity of governance in Nigeria today is rooted in the country’s political system, which by any stretch of imagination and logic, is unsuitable for a heterogenous society like Nigeria with over 250 ethnic groups that are characterized by incompatible cultures, varied history, background and interests. These ethnic groups were hitherto independent nations that ceded their sovereignty to the Nigerian state under Federalism, a political system that took cognizance of their peculiarities and agreed upon by the country’s founding fathers. But ever since this system was…
In recognition of its unwavering dedication to innovation, quality, and customer-centricity, Sovereign Finance Company Limited was conferred with the award of Global Most Innovative Finance Company of the Year 2023, organised by the prestigious Global Quality Excellence Awards in conjunction with the World Quality Alliance. The award was presented to the company during the 10th annual Excellence Awards ceremony, held on World Quality Day, November 16, 2023, at the Civic Center in Victoria Island, Lagos. While receiving the award, Mr. Olusola Dada, the Managing Director / C.E.O of the company, expressed gratitude to the organisers for promoting excellence in quality,…