Category: Business

Protest: Lagos People’s Assembly commends Lagosians for Peaceful Conduct… Praises Sanwo-Olu for crisis management strategy

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By: Mandy Park A pan Lagos group, Lagos People’s Assembly (LPA) has commended the people of the state for being peaceful and law- abiding, while shunning the Day 1 of the end hunger protest in the state The LPA equally praised the state Governor, Babajide Olushola Sanwo-Olu for his laudable effort and proactive nature, of engaging in preventive meetings with critical stakeholders in the state and appealing for calm and peaceful conduct during the protest, describing him as a “competent crisis manager” LPA in a press release by its Convener,…

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Union Bank Reiterates Aid For Small Businesses

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Mandy Park The Union Bank of Nigeria, has reaffirmed it’s commitment to support the Small and Medium-sized Enterprises in the country to fasclitate increased growth and development. This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper. The event themed ‘How SMEs can thrive in an age of volatility’, and well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups, and financiers, had different panel sessions to discuss the multiple problems facing SMEs in Nigeria. …

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Jumoke Cares Foundation delights Lagos kids with Christmas food, clothes, toys, others

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By Mandy Park A Non-Governmental Organisation (NGO), Jumoke Cares Foundation, has in line with its over 12-year tradition, donated food, clothes, toys and other items to less-privileged children of Agbado and its environs within the Alimosho Council Area of Lagos State.   The founder, Jumoke Kolawole, said that the gesture was to make the kids happier every Yuletide and beyond, recalling that she used to be disturbed about what to wear during Christmas going by her humble background.  Speaking earlier to journalists, Jumoke said: “Since 2021, Jumoke Cares Foundation (sister…

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TMM Fingers Afreximbank of Aiding CAX IP Infringement

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By Mandy Park Times Multimedia Limited (TMM) has accused Afreximbank of involvement in a copyright infringement on its Creative Africa Exchange (CAX) IP, a holistic program that consolidates the African creative and cultural industry. In a statement from the organisation, it expressed displeasure over the addition of ‘Nexus’ to the phrase ‘Creative Africa’, which the organisation claims copyright. The statement read, “Times Multimedia Limited (TMM) is appalled that Afreximbank, who merely provided funds by way of sponsorship to facilitate conceptualisation, ideation, design and execution of CREATIVE AFRICA EXCHANGE (CAX), a…

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LASG Asks World Bank To Extend APPEALS Project As 8,000 Farmers Benefit From Scheme In Five Years

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Mandy Park The Lagos State Government on Monday appealed to the World Bank to extend the Agro-processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project in the state. The appeal was made on account of the positive impact of the project on farmers’ productivity. The request was made by the Lagos State Commissioner for Agriculture, Abisola Olusanya, who disclosed that APPEALS Project in the State had empowered about 8,000 farmers, especially women and youths in the last five years. Olusanya called for an extension of the APPEALS Project programme when…

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Renowned environmentalist, Nnimmo Bassey asks Lagos Govt To Respect Rights Of Makoko fishing community

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…says they need encouragement, support not eviction threat By Mandy Park Environmental activist, Dr. Nnimmo Bassey, has urged the Lagos State government to respect the Makoko residents’ rights to shelter and livelihood. Also he wants the government to extend need-meeting assistance rather than pose a threat to their livelihood. This he said is central to the survival and wellbeing of the people. Bassey made the call during a community consultation parley with Makoko residents on “the rights of Makoko fishermen and women”. The community consultation meeting was organised by Fishnet…

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Zenith Bank retains No 1 position by Tier-1 Capital in 2022 top 1000 W’Bank’s ranking.

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By Mandy Park For the 13th consecutive year, Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking.This is According to the publication by The Banker Magazine. The bank retained its number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75 billion, emerging as the 460th bank globally. The ranking, published in the July 2022 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2021 year-end Tier-1…

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Marketers finally hike petrol price to N170-N190/litre

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Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the country, following what is believed to be a subtle agreement between Federal Government officials and oil marketers. Findings by The PUNCH on Sunday revealed that the development was the outcome of a meeting between the Nigerian Midstream and Downstream Petroleum Regulatory Authority and oil marketers on Thursday. Sources privy to the meeting said it was agreed that the pump price of petrol should be increased by N10 per litre. A…

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ERA/FoEN launches manual on oil firms’ divestment in Niger Delta ….wants clean up to come first

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By Mandy Park The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has launched a Community manual on International Oil Companies (IOCs) Divestment in the Niger Delta to encourage a better understanding of the processes that have left communities out. The manual was launched at a Civil society roundtable on IOC Divestment from the Niger Delta in Benin City, which had in attendance, civil society and grassroots organisations. In attendance also were Hon. Friday Ogierakhi, former Edo State House of Assembly member, and Prince Barbs Pawuru, president of the Host…

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