The Vice President of Nigeria, Professor Yemi Osinbajo has admonished African states to prioritise strategies for the sustainable development of Africa’s blue economy. Osinbajo stated this in Abuja on Wednesday, at the 4th edition of Africa’s Deep Seabed Resources (ADSR) Sub-Regional Workshop on the imperative of supporting Africa’s Blue Economy. The workshop was organised by the International Seabed Authority in collaboration with the National Boundary Commission, Transport Ministry, Nigerian Maritime Administration and Safety Agency (NIMASA), the Navy and other MDAs. The International Seabed Authority implements the ADSR project in partnership with the African Union, as well as the Norwegian Agency…
Author: Elvis Eromosele
The Nigerian government has sued Meta, owners of Facebook, Instagram and WhatsApp platforms, over ‘unapproved’ adverts. Nigeria is seeking N30bn in sanction for the violation of the country’s advertising laws and for loss of revenue as a result of “Meta Incorporated’s continued exposure of unapproved adverts on its platforms,” The Advertising Regulatory Council of Nigeria (ARCON), the apex regulatory body for Nigeria’s advertising industry, said in a statement this week that it has lodged a suit against Meta Platforms Incorporated and its agent AT3 Resources Limited at the Federal High Court, Abuja Judicial Division. The statement reads: “ARCON is seeking…
President Muhammadu Buhari is set to present the 2023 appropriation bill of N19.76 trillion to a joint session of the national assembly on Friday, October 7, 2022. The is contained in a communication from Buhari to the two chambers of the National Assembly read by the Senate President, Ahmad Lawan, during Senate plenary on Tuesday. Buhari told the federal lawmakers that he would be at the nation’s apex legislative complex by 10:am to address a joint session and present the fiscal document. Lawan urged his colleagues to converge on the temporary chamber of the House of Representatives by 9:am on…
The Police Service Commission has approved the dismissal of seven senior Police Officers over gross misconduct. The Commission also approved the reduction in rank of ten other officers. The decisions were taken at the ongoing 15th Plenary Meeting of the Commission which is expected to end on Thursday, October 6, 2022. The dismissed Officers were, one Chief Superintendent of Police (CSP), a Superintendent of Police (SP) and five Assistant Superintendents of Police (ASP). A Superintendent of Police (SP) was also retired in the public interest. The Commission’s Plenary Meeting presided over by Justice Clara Bata Ogunbiyi, JSC (rtd) considered all…
The Pension Operators would like to commend the National Pension Commission (PENCOM) for the recent release of the guidelines that bring into effect the use of a portion of one’s Retirement Savings Account (RSA) as an equity contribution for obtaining residential mortgages. The provision for this had been part of the amendments that occurred when the Pension Reform act was amended in 2014. We are aware that the process of actualising this portion of the act has gone through a number of iterations and stakeholder engagement and we are happy that it has finally been released. Whilst we realise that…
L-R: Director, Corporate Communications and CSR, Airtel Africa, Emeka Oparah; Chief Executive Officer & Managing Director, Airtel Nigeria, Surendran Chemmenkotil; Director: Human Resources and Administration, Airtel Nigeria, Adebimpe Ayo- Elias and Producer of Airtel Touching Lives, Spero Patricios during the press conference to announce the commencement of Airtel Touching Lives Season 7 in Lagos. The Leading Telecommunications services provider, Airtel Nigeria, has reaffirmed its commitment to empowering and uplifting underprivileged people across communities where it operates as it announces the commencement of the seventh edition of its flagship CSR and sustainability initiative, ‘Airtel Touching Lives’. Speaking during the press conference…
Nescafé, Nestlé’s largest coffee brand and one of the world’s favourite coffees, has outlined its extensive plan to help make coffee farming more sustainable: the Nescafé Plan 2030. The brand is working with coffee farmers to help them transition to regenerative agriculture while accelerating its decade of work under the Nescafé Plan. The brand is investing over one billion Swiss francs by 2030 in the Nescafé Plan 2030. This investment builds on the existing Nescafé Plan as the brand expands its sustainability work. It is supported by Nestlé’s regenerative agriculture financing following the Group’s commitment to accelerate the transition to…
Stakeholders in the country’s ICT sector have spoken of the need for Nigerians to brace up for the disruptions occasioned by the emergence of modern technologies, especially now that the country is on the verge of experiencing the Fifth Generation (5G) network commercial services. The Stakeholders spoke during a panel session at the Nigerian Information Technology Reporters’ Association (NITRA) ICT Growth Conference 2.0, held on Thursday at Oriental Hotel, Lekki Lagos. At the first panel discussion on the topic, “The Roles of Emerging Technologies in Bridging Nigeria’s Digital Divide and Exploring Funding Options For Driving Digital Economy,” the Stakeholders were…
Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from the National Bureau of Statistics’ Foreign Trade Statistics for the second quarter of 2022. According to the report, this was an 83 per cent increase in crude oil earnings from N6tn recorded in the first half of 2021. A breakdown of crude oil exports in the first half of 2022 showed that in the first quarter of the year, crude oil valued at N5.6tn was exported by the country, increasing to N5.9tn in the second quarter. In comparison, in the…
Figures obtained from the Nigerian Electricity Regulatory Commission on Monday showed that power consumers in Nigeria got a total bill of N1.12tn in 2021 but paid N775.33bn, leaving a shortfall of N341.42bn. Payments were made to the 11 power distribution companies in Nigeria despite the blackouts witnessed in many parts of the country by consumers. The NERC revealed this in four of its quarterly reports, as it only completed the reports for the review year by publishing the 4th quarter 2021 report recently. An analysis of the various reports by our correspondent indicated that power users paid N186.34bn for electricity…