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MainOne powers up MEST Incubator with high-speed internet

West Africa’s connectivity and data centre services provider, MainOne, has partnered the Meltwater Entrepreneurial School of Technology (MEST) to provide high-speed internet access to the MEST Incubator in Ikoyi, Lagos. MEST is a not-for-profit organisation that provides technology training, seed investment and mentorship for the next generation of...

False debt claim: PDP tackles Osinbajo over bandying of figures 

The Peoples Democratic Party (PDP) has cautioned Vice President Yemi Osinbajo to stop ridiculing his office by always bandying figures, peddling rumours and trending on false claims in the attempt to cover the rot and failures of the Buhari-led All Progressives Congress (APC) administration. The party said instead...

Dogara promises speedy passage of anti-piracy law to secure Nigerian waters

Yakubu Dogara, Speaker of the House of Representatives, has expressed the willingness of the National Assembly to collaborate with the executive to make new laws and strengthen existing ones in order to end incidences of piracy and theft of natural resources in Nigeria’s territorial waters. While speaking to a...

Naira trades strong as CBN injects $210m into forex market

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market, which help to strengthen the naira. The local currency on Tuesday appreciated marginally by 0.05 percent to close at...

Reps: Release of N5.8bn from Eurobond without NASS approval was illegal

Nigeria’s House of Representatives on Tuesday disclosed that the approval for the release of N5.8 billion from the Eurobond account without the consent of National Assembly was in contravention of extant financial regulations. According to Ali Isa, deputy chairman, House Committee on Emergency and Disaster Preparedness who stated...

PMB & AA: Please talk about Nigeria!

As we get ready for 2019 election campaigns due to officially start from 18th Nov 2018, it is important that we remind the presidential candidates especially President Muhammad Buhari and Atiku Abubakar that the focus of the campaigns and elections should be Nigeria and not their personal issues....

FG partners NAMEL, others to establish 2500 agricultural equipment hiring enterprise...

The federal government on Tuesday partnered with the Nigeria agricultural mechanization and equipment leasing company (NAMEL), Tractor Owners hiring facilities association of Nigeria (TOHFAN) and Tractor Owners and operators association of Nigeria (TOOAN) to establish 2500 agricultural equipment hiring Enterprises across all the 774local government in Nigeria. Audu...

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The feisty writer, editor and publisher was responsible for such iconic characters as Spider-Man, X-Men, Thor, Iron Man, Black Panther and The Fantastic Four — ’nuff said. Stan Lee, the legendary writer, editor and publisher of Marvel Comics whose fantabulous but flawed creations made him a real-life superhero to...

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Educationists have encouraged parents to deploy physical activities as a creative way of engaging children to achieve good health and prevent sedentary lifestyle. Dolapo Fatoki, head of school at Greensprings School, Ikoyi Campus, stated this against the backdrop of the long term negative impact of uncontrolled screen time on...

Solari officially gets Real Madrid coaching job

Santiago Solari’s appointment as Real Madrid’s permanent manager has been approved by the Spanish soccer federation (RFEF), a spokesman told Reuters news agency. Santiago Solari will be the club’s coach until 2020. The 42-year-old Argentine has led the team to four wins in four games since replacing Julen Lopetegui at...

BIC reaffirms confidence on economy, deepens consumer relationship

BIC, Nigeria’s leading shave has reaffirmed its confidence in the Nigerian economy, while ensuring that it will continue to sustain its relationship with her loyal customers. The company, which is over 40 years in Nigeria, said the country with its huge population remains a major market for its...

Nigeria’s poverty crisis worsening and APC is to blame,  says Obi

Former governor of Anambra state and vice presidential candidate of the Peoples Democratic Party (PDP), Peter Obi, says Nigeria’s poverty crisis is getting worse daily and that the ruling All Progressives Party must take the blame for the depreciation in the quality of the general well being of...

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Stock market down by 0.18% as investors book fresh loss of...

Stock trading on the Nigerian bourse kicked-off this week on a negative note following a record N22billion loss at the close of trading on Monday. The value of listed stocks on the Nigerian Bourse decreased from N11.756 trillion to N11.734trillion, as supply side outweighed demand. The NSE ASI...

Actis, Westmont acquire an undisclosed stake in Four Points Sheraton Hotel

Actis, a leading Private Equity firm that invest in Real Estate, energy and consumer businesses, signed an agreement with Westmont Hospitality Group (“Westmont”), and has acquired an undisclosed stake and amount in Four Points Sheraton hotel located on Victoria Island in Lagos, Nigeria, companies say in a statement....

Fashola counts achievements, challenges of ministry at three

Babatunde Raji Fashola, Nigeria’s minister for power, works and housing has said his ministry has delivered on some its promises but there are still some challenges to deal with as it marks its third anniversary. In the third year progress report, dated Nov. 12, the 55-year-old senior advocate...

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Worried by the persistent traffic congestion on roads leading to the nation’s seaports, port users have called on the Federal Government to open-up the trailer park located at the Second Gate axis of the Tin-Can Island Port for the shipping companies and truck owners to use. According to...

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Caritas Communications, one of the leading reputation solutions and strategic communications company, in partnership with the Nigerian Institute of Public Relations, (NIPR), is set to host the maiden edition of the Caritas Reputation Leadership Roundtable Summit 2018. The summit, which has the theme, ‘Ethics, Reputation & Technology in a...

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Minimum wage: Stakeholders say constitutional amendment way out of logjam

As organised labour, federal and state governments bicker on the recommended N30,000 national minimum wage, stakeholders have advocated constitutional amendment to bring wage matters into the concurrent legislative list, as a way of addressing wage crisis going forward. Presently, the Constitution puts wage in the exclusive legislative list. This...

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Graduates from Covenant University have come tops as the most preferred graduates in the Nigerian labour market, The Nigerian Graduate Report 2018, prepared by Stutern in partnership with budgiT and Jobberman has shown.The report identified Graduates from Covenant University, Otta Ogun State as the most preferred candidates by...

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Nigerians think toilets are a necessary evil. Actually Nigerians don’t think about toilets, it is not a priority. So it is a bit of a surprise that toilets are so important to one of the richest men in the world. Hear him: I just traveled halfway around the world to...

Obaseki assures of shared prosperity, more growth opportunities

The Edo State governor, Godwin Obaseki, has assured the people of the state of his administration’s resolve to vigorously pursue policies and programmes that would guarantee shared prosperity and engender more growth opportunities across the state. Obaseki gave the assurance at the Alaghodaro Youth Summit/Job Fair tagged: ‘Pathway to...

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Graduates from Covenant University have come tops as the most preferred graduates in the Nigerian labour market, The Nigerian Graduate Report 2018, prepared by Stutern in partnership with budgiT and Jobberman has shown.The report identified Graduates from Covenant University, Otta Ogun State as the most preferred candidates by...

Ringardas boosts bitumen processing in Nigeria with N2.2bn investment

Nigeria’s aspiration for an improved road infrastructure has received a boost with the commissioning a N2.2 billion Bitumen Storage Plant by a French company – Ringardas Nigeria Limited (RNL). The new bitumen storage plant, described by industry experts as one of the biggest in Africa, was commissioned last...

Kwara UDP guber candidate pledges to revamp moribund industries in the...

Adetunji Oyabambi, the governorship candidate for the United Democratic Party (UDP) in Kwara State has pledged to revamp the economy of the state with the resuscitation of moribund industries if given the opportunity to govern the state come 2019. Oyabambi made the pledge on his arrival at the Ilorin...

Livestock247 leverages technology drive herds market

Nigeria’s first livestock e-commerce platform, Livestock247, launches animal identification and traceability technology to compliment government’s efforts of regulating, structuring, transforming and promoting investments in the livestock sector of the economy. The platform is structured to bring together the livestock stakeholders, connecting buyers, sellers, ranchers, livestock merchants, veterinary professionals, butcheries/abattoirs,...

Buhari’s certificate storm distracts from bigger economic picture

President Muhammad Buhari’s certificate controversy has captured public imagination at a time when addressing fundamental questions about how to wrestle Nigeria from the claws of weakening economic performance indicators would have created more value. For the first time in two decades, the Nigerian economy contracted in 2016 with...

FG bent on signing AfCFTA despite opposition from MAN

Despite opposition from the Manufacturers Association of Nigeria (MAN), sources from the federal government told Real Sector Watch over the weekend that Nigeria will soon join other 49 countries in the African Continental Free Trade (AfCFTA) party. One of the sources said though the government was being circumspect...

BUA completes construction of 3mmt cement plant in EDO

Less than six months after commissioning its 1.5million metric tonnes per annum (mtpa) Kalambaina Cement Plant in Sokoto State, BUA Cement has announced completion of its newest Obu plant in Edo State, which has a capacity to churn out 3 million mtpa of cement annually. This will bring...

Nigeria names fifth commander in two years to lead fight against...

Nigeria has named its fifth commander in less than 2 years to lead the fight against the Boko Haram insurgency, the army said on Saturday, a move military sources say was related to continued attacks by Islamists. The attacks could hurt President Muhammadu Buhari’s chances of re-election in Feb....

The best for the last

The speed at which the year is coming to an end is almost as fast as the speed of light if I am not mistaken. Looking around, checking out the situation of the economy and global happenings can make the heart of the boldest to shake. We have...

2019: Atunwa, Abdulrasaq, 30 others to contest governorship election in Kwara

Thirty- two governorship candidates are to  participate in the 2019 governorship elections in Kwara State. According to the information provided by the Independent National Electoral Commission (INEC) in Ilorin, the state capital yesterday, there are three female governorship candidates in the race for the state’s number one political office. The...

Police confirm release of four kidnapped priests in Delta

The Delta State Police Command has confirmed the release of the four Catholic priests reportedly kidnapped by gunmen on Tuesday around Abraka near Benin in Ethiope East Local Government Area of Delta State. The priests were kidnapped on their way to Uhielle in Ekpoma, Edo State, for an alumni...

Sniper-treated beans: CPC counsels consumers on parboiling

The Consumer Protection Council (CPC) at the weekend advised consumers to extensively parboil their beans already stocked before consumption as well as to make sufficient inquiries before engaging in new purchases.   The Council gave the advice in a statement released by its Director General Babatunde Irukera, on...

PCN sealed 358 medical facilities in Taraba

The Pharmacists Council of Nigeria has sealed 358 medical facilities and given sixteen compliance directives to others across the sixteen local government areas in  Taraba state. The Director, Inspection and Monitoring of the Council Anthonia Aruya, disclosed this at a news conference in Jalingo on Friday after a...

No plan to phase out N100 notes – CBN

Central Bank of Nigeria (CBN) on Friday said there were no plans to phase out the lower denomination banknotes, specifically the N100 note. The N100 banknote has been scarce and the ones available are mutilated, raising concern among Nigerians, who are wondering whether the CBN wants to phase...

Dogara unhappy over poor implementation of capital projects

Yakubu Dogara, Speaker of the House of representatives on Friday expressed disgust over poor implementation of federal capital projects across the country. The Speaker who expressed the concern during the tour of multi-billion naira permanent site of National Institute of Legislative and Democratic Studies (NILDS), called for collaboration between the...

NAICOM to grant ‘State Insurance Producer’ licence

Industry regulator, the National Insurance Commission (NAICOM), in furtherance of its policy to diversify product distribution, has announced plans to grant states of the Federation what is called State Insurance Producer (SIP) licence. The SIP will be an Agency of a state government licensed by NAICOM to provide...

Benin, other towns to have free internet access

In a bid to make Benin City and some other towns in Edo State major information and entrepreneurial hubs, Edo State governor, Godwin Obaseki, says the ongoing laying of fibre optic cables in the state will be completed soon, to provide for hotspots for free access to the...

Impeachment: Hoodlums overrun Ondo Assembly as four lawmakers battered 

Hoodlums have taken over the Ondo state House of Assembly following the impeachment of the Speaker, Bamidele David Oloyelogun. Oloyelogun was removed on Friday alongside the deputy Speaker, Ogundeji Iroji amid heavy racour at the parliamentary house. Both Oloyelogun representing Ifedore Constituency and Ogundeji representing Odigbo Constituency II, were removed...

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The Lagos Film Academy, a leading non-profit organization centred around support for young creatives who want to acquire life long skills and techniques as creatives across the continent has recently secured a 5000USD grant. The grant was endowed by the Global Philanthropy Alliance for the third edition of...

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MTN Group Ltd. is close to securing a deal with the Central Bank of Nigeria (CBN) over an order to repay $8.1 billion it is alleged to have illegally taken out of the country, confirming BusinessDay’s report of last month. A settlement is expected by Monday but could...

Exit of the banking giants and the crisis of confidence in...

Early this week the CBN reported that two of the world’s banking giants HSBC and UBS have decided to take their representative offices out of our shores. UBS is a Swiss global banking firm providing financial services to private, corporate and institutional clients. It is co-headquartered in the Swiss...

Regulators stifle businesses in threat to economic growth

Rather than facilitators of business, regulatory agencies in Nigeria are more of stumbling blocks and millions of local companies may be justified in feeling hard done by. Not only does a harsh regulatory climate for businesses contradict efforts made by the current administration to improve the ease of...

No-Slips offers insights on how slippery floors can cause disability, death

On many occasions, domestic incidents like fall from bath-tubs, fire outbreakS, fall on staircase, etc have caused a lot of damage to Nigerians and No-Slips Limited attributes these to slip and fall accidents. No-Slips, a relatively young company specialized in domestic and office accidents prevention with Sure-Step solution,...

How does caffeine affect sleep?

The overall effects of caffeine can last throughout the day. The drug can linger in the body and may have subtle consequences, even after the noticeable effects have worn off. Caffeine can lead to sleep of a lesser quality and even disrupt sleep patterns, depending on a person’s...

Unity Bank to sign MoU with Asian infrastructure finance institution for...

Unity Bank plc has disclosed  plans to sign a memorandum of understanding (MoU) with Asian second largest infrastructure finance institution and other parties for capital. One of Nigeria’s tier two banks could not disclose the amount to be invested and the time of signing the agreement. “We are talking...

Lack of funding stalls 60% of planned hotel rooms

Nearly 60 percent of hotel rooms planned to be built in Nigeria’s two major cities over the last five years have been stalled by lack of funds. So far, only about 4000 of the 9,603-room deals signed by developers, investors and brand operators in the period are under...

Their tales; not their silence

When it comes to penning down my thoughts and beliefs, I can be quite enthusiastic. But the desire ‘acme-ed’ when the discourse of greatness strolled down my alley. It’s only because exceptionality, along all its plains, is something that soothingly massages my fancy, releasing excitement. I often find...

National Health Insurance and the Nigerian nation

The bizarre drama that has been going on for several months now surrounding the National Health Insurance Scheme of Nigeria in many ways epitomizes the dysfunction of the Nigerian nation as constituted. After discussion, vacillation and procrastination lasting several years, the Nigerian National Health Insurance Act 35 was signed...

Nigeria plans London roadshow for $2.8bn Eurobond sale

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month as calls mount for the government to switch from borrowing for mere consumption to investment. The roadshow, which is being organised by Citi and Standard Chartered, will run...

ILO tasks Nigeria on implementation of national employment policy

International Labour Organisation (ILO) on Thursday called for effective implementation of the National Employment policy in the bid to address the spate of unemployment in the country. Sukti Dasgupta, Chief of the Employment and Labour Branch of ILO Geneva who gave the charge during an interactive session with Stephen Ocheni, Minister...

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The House of Representatives on Thursday called for the recovery of total sum of N33 billion emergency intervention fund allegedly embezzled by Mustapha Maihaja, Director General of National Emergency Management Agency (NEMA). The House after the consideration of the report of the Committee noted the flaws and infractions on...

I won’t hide under a finger to fight Oshiomohole- Amosun

Governor Ibinkunle Amosun of Ogun state , Thursday took his battle with the All Progressive Congress APC to the Presidential Villa, Abuja, where he meets President Muhammadu Buhari The embattled Governor had tried unsuccessfully to impose his preferred candidates on the party after the just concluded APC primaries. The issue...

Police ready for 2019 elections – IGP

The Inspector General of Police, (IGP)Ibrahim Idris has affirmed that the police are ready to provide adequate security to ensure free and fair election during the 2019 general elections. The IGP stated this when he received a delegation of the Economic Community of West African States (ECOWAS) on a...

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Former Vice President and presidential candidate of the People’s Democratic Party (PDP) Atiku Abubakar has felicitated with Martin Luther Agwai, a retired general of the Nigerian Army on his 70th birthday describing the former Chief of Defence Staff “as a disciplined, forthright and selfless believer in national service...

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