Author: Ifetayo Adeniyi

UK agency approves naira for financing transactions Britain’s export finance agency will add the naira to its list of “pre-approved currencies” for financing transactions. This will enable the agency provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that has pre-approved for its programme of funding transactions that promote trade with Britain, the agency said. Britain voted in 2016 to leave the European Union and this has forced London to rethink its trade ties with the rest of the world. The United Kingdom and the EU struck…

Why we hiked petrol price –Oil marketers •It’s death knell, say motorists Nigerians woke up to the rude shock of another fuel price hike on Tuesday morning with various filling stations, especially those owned by the Nigerian National Petroleum Company Limited (NNPCL), adjusting their pumps from N537/litre to N617/litre, showing an N80 hike. In Lagos, it was adjusted from N484 to N586 a litre, while in Kano, it went up to N620/litre. Daily Sun learnt from various oil marketers that the petrol price hike was a reaction to different market forces at play. A source said the free fall of…

Canada gifts Nigeria $9.3m for COVID-19 vaccine, other services Canadian government has provided Nigeria with $9.3 million grant from the Canada’s Global Initiative for Vaccine Equity (CanGIVE), to strengthen its COVID-19 immunization system, in addition to other accompanying services. The amount was part of 317 million Canadian dollars global initiative meant to strengthen COVID-19 vaccination in seven other countries. Ondo, Rivers, Kogi, Delta, Ebonyi, Lagos, Akwa-Ibom, Bayelsa, Benue, Ogun, Katsina, Taraba, Anambra, Kebbi, and Edo states would benefit the most from the intervention. Canadian Ambassador to Nigeria, Jamie Christoff, who spoke at the launch of the grant in Abuja, on…

I Will Be Glad To Leave This World Without Talking To Basketmouth, Julius Agwu – Comedian AY Nollywood actor and comedian, Ayodeji Makun, aka AY, says he would feel happy to leave the world without speaking to Basket Mouth and Julius Agwu. Ay made it clear that he is done making efforts toward reconciling with his colleagues, Basketmouth and Julius Agwu, who he has had long-standing issues with. Recall, Basketmouth and AY have been entangled in a 17-year-old beef, which AY claimed was over an unpaid N30,00 debt owed him by Basketmouth. On his part, Basketmouth debunked the allegation…

My Mum Supported My Acting Career, Despite My Father’s Objection – Jim Iyke Jim Iyke, the Nigerian filmmaker, says his mother’s belief in him shaped him into the man he is today. The movie star spoke about his introverted childhood and the support he got from his late mum when he was featured on the a podcast. The 46-year-old actor said when he told his parents that he wanted to become an actor — as a teenager — his father was against it, arguing that he “was excruciatingly shy”. Iyke said his mother, however, believed in him, adding that her…

Nollywood Makes History with Groundbreaking Film Production ‘Plan C,’ Shot on Sony Venice 2 Camera in Africa In a momentous stride forward, a collaboration of production studios has achieved a significant milestone with the completion of principal photography for the comedy film ‘Plan C,’ using the groundbreaking Sony Venice 2 camera. This historic achievement marks the first-ever usage of the Sony Venice 2 camera in Africa, renowned for its exceptional contribution to major Hollywood blockbusters such as ‘Avatar,’ ‘Black Panther,’ and ‘Maverick.’ Directed by the talented Samuel ‘Bigsam’ Olatunji, ‘Plan C’ boasts an impressive cast of Nollywood stars, including Nkem…

Nwoko champions call for investigation into NDLEA operation after tragic child death by stray bullet In a significant development during today’s plenary session, Wednesday, July 19, Senator Ned Munir Nwoko, senator representing Delta North senatorial district, took a strong stand by raising and supporting a petition written by Nwanna Matthew on behalf of the family of the two-year-old boy Ivan Omhonrina, who was killed by a stray bullet while operatives of the NDLEA were conducting a raid in Asaba, Delta state, on July 13, 2023. The petition seeks immediate investigation and justice for the unlawful and brutal killing of Ivan…

Lagos Business School executive MBA Champions visit the most sophisticated building in Banana Island – Lucrezia Passion is the passport for champions. This very spirit has propelled the Executive MBA champions from Africa’s esteemed institution, Lagos Business School (LBS), to great heights. Renowned as one of the finest business schools, LBS stands shoulder to shoulder with the likes of INSEAD Business School in France, the Stern School of Business at New York University, and the Saïd Business School. It is the ‘Mecca’ for entrepreneurs and the ‘Jerusalem’ for CEOs, as countless successful business leaders owe their triumphs to their education…

Senator Gbenga Daniel Announces Interest-Free Loan Scheme for Petty-Traders and Artisans in Ogun East The Gateway Front Foundation (GFF), an initiative led by former governor and Ogun East Senator Otunba Gbenga Daniel, is gearing up to make a positive impact in the lives of the people of Ogun East. The foundation will officially launch an interest-free microcredit scheme designed to support petty-traders and artisans in markets within the senatorial district. The launch event for the Remo Federal Constituency will take place at the Asoludero Hall, GRA, Sagamu on July 23, 2023, starting at 1:00 pm. The following day, July…

Why African rulers are to blame for mass migrations to Europe, America – Prof Osundare Professor Niyi Osundare, the keynote speaker at the event. Professor Niyi Osundare, multiple award-winning poet, scholar and distinguished Professor of English at the University of New Orleans, in the United States makes no bones about issues that affect humans. And in sync with his interventionist bent, he has taken a swipe at African rulers (he prefers to call them rulers rather than leaders), putting the blame for the current exodus of Africans to Europe and America in search of greener pastures right on their doorstep.…