Author: Ifetayo Adeniyi

80km/h is the Speed Limit for Third Mainland Bridge – LASTMA A speed limit of 80 kilometers per hour has been set as the benchmark for plying the Third Mainland Bridge, Saturday PUNCH has learnt. This is after extensive repairs and rehabilitation were done on both ends of the bridge. The Lagos State Traffic Management Authority had before the opening of the bridge on April 4 warned motorists to maintain the speed limit on the third mainland bridge. LASTMA warned motorists to maintain speed limits while driving on the long stretch of the newly renovated Third Mainland Bridge linking Mainland…

Oil and Gas as P/Harcourt Refinery to begin operation before year-end The Senate Ad-Hoc Committee to Investigate the Turnaround Maintenance of Nigeria’s Refineries has said the Port Harcourt Refinery will begin operation before the end of December. This is as the Rivers State Governor, Siminalayi Fubara, has stated that his administration is working in tandem with President Bola Tinubu-led Federal Government’s policies designed to make life better for Nigerians through the Renewed Hope Agenda. Fubara noted that, in doing so, the Woji-Aleto-Alesa-Refinery Road, now 70 per cent completed, was being constructed to provide a bypass to easily access the Port…

Chess: Tunde Onakoya sets world record for longest marathon Nigerian chess master Tunde Onakoya Nigerian chess master, Tunde Onakoya has set the new Guinness World Record for the longest chess marathon, surpassing the previous record of 56 hours and 9 minutes. In bid to raise funds and awareness for providing educational opportunities to underprivileged children across Africa, Onakoya currently aims at reaching the 58-hour target. The previous Guinness World Record record of 56-hour, 9-minute mark, was set by Norwegian players Hallvard Haug Flatebø and Sjur Ferkingstad in 2018. His non-profit organisation, Chess in Slums Africa, leverages the game of chess…

RMAFC: N7.3tn Remitted Into Federation Account In 6 Months Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, indicating an increased revenue inflow. Gatekeepers News reports that it said the amount shared by the Federation Account Allocation Committee was remitted to the Central Bank of Nigeria under the caption “CBN Federation Account Component Statement”. In a press statement signed by the RMAFC Chairman, Mohammed Bello Shehu, on Thursday in Abuja, the commission reported that the amount is higher than the N5.24tn realised during the first…

Itsekiri Leaders Accuse INEC of Selective Justice and Disrespect for Court Judgments in Warri Constituency Review Eminent Itsekiri leaders have voiced strong objections against the proposed execution of the delimitation and review of Warri Federal Constituency by the Independent National Electoral Commission (INEC), in a press conference convened in Warri, Delta State, April 19. The leaders, in a statement signed by Chief Robinson Ariyo, the Egogo of Warri Kingdom, on behalf of the concerned Itsekiri leaders highlighted concerns of selective justice, gross disrespect for court judgments, marginalization, discrimination, and oppression by INEC. The leaders began by referencing a 2022 Supreme…

RCCG receives praises for support for military on medicals of dead officers’ widows, children The Redeemed Christian Church of God, has disclosed of plans to offer regular free healthcare to officers and men of the nation’s military, especially families of the country’s fallen heroes. The church made the disclosure when it took its Christian Social Responsibility (CSR) outreach programme to the Mogadishu Cantonment, Asokoro, Abuja, where free healthcare as well as food items were delivered to women and children. Speaking at the occasion, Pastor in Charge of the City of David (RCCG), Abuja, Pst. Gbolade Okenla, said the gesture was…

Business: UBA America Strengthens Commercial Diplomacy, Hosts Diplomats, Business Leaders at World Bank Summit in Washington UBA America 1 – l-r:– Client Leader for the Deloitte Risk & Financial Advisory practice, Fred Curry; United States Under Secretary of State for Economic Growth, Energy, and the Environment, Jose W. Fernandez; Chief Executive Officer, UBA America, Sola Yomi Ajayi; and Group Managing Director/CEO, United Bank for Africa; Oliver Alawuba, at the Business Council for International Understanding(BCIU) and US Department of State Networking Reception, sponsored by UBA America on the sidelines of the IMF- World Bank Meetings in Washington DC on Monday. UBA…

Meta expands AI services to Nigeria, 11 others Meta, the company behind Facebook, WhatsApp, and Instagram, has expanded its AI service, “Meta AI,” to 12 countries outside the United States. These countries include Nigeria, Ghana, South Africa, Canada, Australia, Zambia, Zimbabwe, Malawi, and others. The rollout, currently in English, aims to boost connections and equip users with new creative, expressive, and productivity tools directly within these popular apps. Meta said in a blog post on Thursday that since its initial unveiling at last year’s Connect event, Meta AI has evolved into a multifaceted tool that seamlessly integrates into users’ daily…

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return as Chairman Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”)at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s planto establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically,through a Rights Issue of ordinary shares to its shareholders. The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth…

Impressive Revenue Growth as Transcorp Power Plc Records 775% PBT Jump in Q1 2024 Transcorp Power MD/CEO, Peter Ikenga, Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in Q1 2023, reflecting a significant increase of 223%. The strong performance is further demonstration of the Company’s strategic focus and effective execution, as part of Transcorp…