Author: Ayo

The Nigerian Exchange Limited (NGX) has received approval from the Securities and Exchange Commission (SEC) to launch its Impact Board, a platform designed to promote sustainability-focused. The NGX Impact Board, announced during a Closing Gong Ceremony in Lagos, aims to cater to green financial products, address climate change, and promote sustainable economic practices. This initiative is crucial as the government prepares for a proposed Green Bond issuance to further environmental sustainability. SEC Director-General Emomotimi Agama expressed support for innovations that advance sustainability and drive responsible investment practices. “The NGX Impact Board will provide a dedicated platform for issuers of green…

President Bola Tinubu has paid tribute to the late Senator Ifeanyi Ubah, describing him as a “renowned businessman and politician”. Ubah, who represented Anambra South Senatorial District at the National Assembly, passed away on Saturday in a London hotel at the age of 52. In a statement issued by his spokesman, Ajuri Ngelale, President Tinubu extended his condolences to the family and friends of the late Senator, as well as to the National Assembly and the government and people of Anambra State. “The President also prayed for the repose of the soul of the departed lawmaker, as well as for…

The Israeli military has issued fresh evacuation orders for residents of Khan Yunis City in southern Gaza, as the conflict escalates and humanitarian conditions worsen. The orders come after the retrieval of five Israeli bodies and warnings of new operations in the area. According to the United Nations, over 180,000 Palestinians have already fled Khan Yunis since the military operation began last Monday, with “dire water, hygiene, and sanitation conditions” reported in the territory. The UN also warned that the evacuation orders and “intensified hostilities” have significantly destabilized aid operations. The health ministry in Hamas-run Gaza reported that an Israeli…

A looming fuel scarcity has hit Abuja and neighboring states as oil marketers shut filling stations over fears of a planned nationwide protest. The closure of retail outlets, including those operated by the Nigerian National Petroleum Company Limited, has led to fuel queues resurfacing in some areas. In Abuja, Niger, and Nasarawa states, many filling stations were shut, while those that remained open sold fuel at exorbitant prices. The situation was also dire in Lagos State, where several filling stations were closed, creating fears of an impending fuel scarcity. Oil marketers attributed the closure of filling stations to apprehension over…

Ethiopia has announced a three-day national mourning period starting Saturday, following a devastating landslide that claimed over 250 lives in a remote southern region. The House of Peoples’ Representatives made the announcement, stating that the period of remembrance would provide comfort to the relatives of the victims and the entire nation. Rescue efforts continue in the affected area, Kencho Shacha Gozdi, with aid starting to arrive, including four trucks from the Ethiopian Red Cross Society. The Ethiopian Disaster Risk Management Commission reports that humanitarian aid and rehabilitation efforts are underway, with a focus on relocating 6,000 people and evacuating over…

Inspector General of Police Kayode Egbetokun has called on groups planning to participate in the proposed nationwide protest to submit their details to the Commissioners of Police in their respective states. This, he said, is to ensure a peaceful and incident-free protest. Addressing journalists in Abuja on Friday, Egbetokun acknowledged the constitutional right to peaceful assembly and protest. However, he emphasized the need for prior coordination with the police to guarantee public safety and order. The police chief outlined specific requirements for protest organizers, including: – Proposed protest routes and assembly points – Expected duration of the protest – Names…

In a dramatic turn of events, the House of Representatives on Thursday approved President Bola Tinubu’s request to extend the capital component of the 2023 Appropriation Act and the Supplementary Appropriation Act until December 31. The approval came after a closed-door session, which followed a heated debate and opposition from some lawmakers. Speaker Tajudeen Abbas had earlier read Tinubu’s request to the House, stating that the extension would enable his administration to fully implement the two budgets. The extension affects the N21.8 trillion 2023 Budget and the N2.17 trillion 2023 Supplementary Budget, which are running concurrently with the N27.5 trillion…

A group, Take It Back movement, has requested the use of Eagle Square for the proposed #EndBadGovernance protest scheduled from August 1 to August 10. In a letter to the Minister of the Federal Capital Territory, Nyesom Wike, the group highlighted demands for amenities and security. The letter, signed by Damilare Adenola, Director of Mobilisation, stated, “We write to notify you of our decision to use Eagle Square as a point of convergence for patriotic Nigerians to demand better governance.” The group requested a 24-hour power supply, toilet facilities, water, and security for the convenience of protesters. They also appealed…

President Bola Ahmed Tinubu has appealed to organizers of the proposed August 1-10, 2024 hardship protest to reconsider their plans, citing his administration’s efforts to alleviate the suffering of Nigerians. Tinubu made this appeal when he received a delegation of Islamic leaders led by Sheikh Bala Lau at the State House on Thursday. He urged the protesters not to turn Nigeria into Sudan, emphasizing the need for peaceful resolution of grievances. The President highlighted his administration’s commitment to reworking the social welfare scheme to reach every vulnerable Nigerian at the grassroots level. “We are reworking the social welfare scheme to…

The Department of State Services (DSS) has issued a stern warning to organizers of the planned nationwide protests, citing a sinister plot by criminal elements to hijack the protest and cause unrest. According to DSS spokesperson Peter Afunanya, the motive behind the protest is political, aimed at smearing the federal and sub-national governments and achieving regime change. Afunanya warned protesters to eschew anarchy and violence, urging them to engage with authorities peacefully. He emphasized that violence only leads to destruction and distraction from governance. The DSS called on citizens, leaders, and organizations to shun invitations to participate in orchestrated violence…