Author: Ifetayo Adeniyi

Oando acquires $650m Agip deal, considering AfrexInsure’s support Group Chief Executive of Oando Plc, Mr Wale Tinubu Oando acquires $650m Agip deal, considering AfrexInsure’s support Oando Plc has secured a $650 million deal with Nigerian Agip Oil Company, supported by risk management solutions from AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank. The agreement further enhances the business relationship between Oando and Afreximbank, ensuring the company’s investment in Nigeria’s energy sector is safeguarded through tailored insurance solutions. In a statement released on Monday by the APO Group on behalf of Afreximbank highlighted the strategic importance of the partnership.…

Q4, electricity production growth down while consumption rises – CBN report Electricity Grid Q4, electricity production growth down while consumption rises – CBN report The Nigerian electricity sector slowed in the fourth quarter of 2024, with the electricity production index declining by 1.64% year-on-year. Data from the Central Bank of Nigeria says this marks a reversal from the 5.55% growth recorded in the third quarter of 2024 (Q3 2024). Average estimated electricity generation, according to a Channels TV report on Monday, rose by 2.34% to 4,206.50 megawatts per hour (MW/h) from 4,110.47 MW/h in Q3 2024. Similarly, electricity consumption saw…

Biola Adebayo gifts Dupe Jayesimi a car on mother’s day Biola Adebayo gifts Dupe Jayesimi a car on mother’s day Nollywood actress Biola Adebayo brought joy to the heart of veteran actress Dupe Jayesimi by gifting her a brand-new car to celebrate Mother’s Day. This heartfelt gesture came after Jayesimi openly shared her emotional struggles with childlessness, a pain that once led her down the path of alcoholism. During an appearance on Biola Bayo’s podcast, Jayesimi recounted the sorrow and challenges she faced, revealing that her inability to have children contributed to the collapse of her marriage. Despite undergoing IVF…

FG, for two months, shuts down Lagos bridge on maintenance FG, for two months, shuts down Lagos bridge on maintenance While essential maintenance and rehabilitation works would be carried out, the Federal Government has said that Independence Bridge (Marina bound) will be closed between April 1 and the end of May. The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, disclosed this in a statement on Monday in Lagos. She said that the closure will affect traffic from Ahmadu Bello Way and Adeola Odeku towards Marina, Eko Bridge, and Onikan by Zone 2. Kesha said with the development, motorists…

Tinubu pleased over Freedom of the City of London honour given Jim Ovia Tinubu Tinubu pleased over Freedom of the City of London honour on Jim Ovia President Bola Tinubu congratulates Mr Jim Ovia, the founder and chairman of Zenith Bank Plc, on his admission to the prestigious Freedom of the City of London. President Tinubu describes this honour as a fitting recognition of Mr Ovia’s exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world. “This honour is a…

Ruger enumerates his background in music career Ruger Ruger enumerates his background in music career Nigerian Afrobeats sensation Ruger has revealed the background role that his church choir experience played in shaping his musical journey. Ruger enumerates his background in music career. Appearing on Apple Music’s Africa Now Radio, Ruger shared insights into his early days, stating, “I started from the choir; I know how to sing, especially when it is a song that resonates deeply with me.” Transition to Afrobeats and Dancehall Fusion Ruger’s musical evolution saw him blend Afrobeats with dancehall influences, a fusion that has become his…

Shehu Sani for Kaduna central senatorial seat in 2027 Shehu Sani Shehu Sani for Kaduna central senatorial seat in 2027 Former Kaduna Central Senator, Shehu Sani, has declared his intention to contest for re-election in the 2027 general elections. This announcement was made on Sunday while delivering his Eid-el-Fitr message at his residence in Kaduna. “Any politician contesting an election depends on the political equation that determines the position to vie for. If the conditions are right and the equations are favorable, I will offer myself to contest specifically for the Kaduna Central senatorial district,” he stated. Sani went ahead…

Nigerian Zira shines, wins medal at US chess tournament Mary Victor Zira Nigerian Zira shines, wins medal at US chess tournament From an Internally Displaced Persons (IDP) camp in Nigeria, Mary Victor Zira, a 12-year-old chess prodigy, has won a silver medal at the prestigious Chess and Community Tournament in the United States. While competing alongside her teammate Ivie Clement Urieto, Mary secured second place and a $100 cash prize, marking a significant milestone in her rising chess career. She was among five children chosen from the Chess in IDP Camps initiative and Chess in Slums programme to travel to…

LAWMA, from circular economy, targets $2.5b annually LAWMA LAWMA, from circular economy, targets $2.5b annually The Lagos Waste Management Authority (LAWMA) has said that the state will generate close to $2.5 billion annually from circular economy when adequately harnessed. The Managing Director and Chief Executive Officer of LAWMA, Dr. Muyiwa Gbadegesin, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. A circular economy is an economic system based on the reuse and regeneration of materials or products, especially as a means of continuing production in a sustainable or environmentally friendly way. Gbadegesin said the authority…

Tinubu expresses pleasure in Okpebholo’s education reform Governor Monday Okpebholo. Tinubu expresses pleasure in Okpebholo’s education reform. President Bola Tinubu has lauded the educational reforms currently being undertaken by Edo State Governor, Monday Okpebholo, describing it as an inspiration to other tiers of government and other states to do better. Tinubu made these remarks during the Iftar Dinner Party held to mark the end of the Ramadan fasting on Saturday in Abuja. Acknowledging Okpebholo’s result-oriented reforms, the President said the governor’s efforts in the education sector are an inspiration to work harder and do more for the nation’s development, calling…