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Lagos State Primary Health Care Board (LSPHCB) has launched a free vaccination campaign for girls between the ages of nine and 14. The campaign aims to protect young girls from the human papillomavirus (HPV) infection, which can lead to cervical cancer. The government is urging parents and guardians to consent to their children receiving the vaccine, which has an efficacy rate of 95%. The initiative is set to be rolled out in 16 states across Nigeria during the first phase, with plans to expand to more states in the future.
The Nigerian Association of Road Transport Owners (NARTO) has urged the federal government to remove the 7.5% Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly known as diesel. According to NARTO, the high cost of diesel due to the VAT imposition is impacting the distribution and supply of Premium Motor Spirit (PMS) petrol. Diesel is the primary fuel for about 90% of haulage trucks used to transport petrol from depots to retail outlets across the country. NARTO warns that unless the government takes swift action, the transporters may park their trucks, leading to a shortage of petrol supply.
The Nigerian Exchange (NGX) rebounded from its recent bearish trend, as equities surged and market capitalization saw a significant gain. This positive turnaround was led by Transcorp and NASCON. The All-Share Index (ASI) closed 0.93% higher, while the market capitalization rose by N339 billion. DANGOTE SUGAR, NASCON, and NAHCO were among the top gainers, while COURTVILLE, ABC TRANSPORT, and TANTALIZER experienced losses. Despite lower trading activity in terms of volume, OANDO emerged as the most traded equity. ZENITH BANK and GTCO performed well, while BUA CEMENT, BUA FOODS, SEPLAT ENERGY, MTN NIGERIA, DANGOTE CEMENT, and AIRTEL AFRICA remained unchanged.
The Christian community in Kaduna, Nigeria, has reported that 23 pastors have been killed and 200 churches destroyed by bandits over the past four years. As the police commissioner and Christian leaders come together to address the issue of insecurity, they emphasize the importance of unity and information sharing to combat criminal activities. The Christian Association of Nigeria (CAN) urges the government to take action in bringing the culprits to justice and restoring confidence among the people.
The Nigerian Association of Road Transport Owners (NARTO) is urging the Federal Government to stop the 7.5% Value Added Tax (VAT) on diesel, as it is causing a hike in fuel prices and disrupting the distribution of petrol. NARTO claims that diesel is essential for transporting petrol across the country, and the high cost of diesel is becoming unbearable for transporters. This article delves into the challenges and implications of the VAT on diesel and calls for an immediate solution to prevent further disruptions in the supply of petroleum products.
A chieftain of the Peoples Democratic Party (PDP), Daniel Bwala, claims that Atiku Abubakar, one of the party's founding fathers, holds enough influence to potentially get President Bola Ahmed Tinubu to sack the Minister of FCT, Nyesom Wike. This article explores the dynamics of political influence and the potential ramifications within the PDP.
Lagos State Building Control Agency (LASBCA) has begun the process of removing eight distressed structures in Lagos Island, Mushin, and environs. This move is aimed at preventing building collapse, minimizing property loss, and safeguarding lives. The affected buildings include multiple flats and a four-floor residential building in various parts of the state. The LASBCA's action is a proactive measure towards maintaining the structural integrity of buildings in Lagos.
The first-ever Civil Society Week in West Africa concluded with a strong call to prioritize democracy, peace, and prosperity in the region. Participants from over 100 organizations across West Africa and partners from East and Southern Africa gathered in Lagos, Nigeria for the event. The discussions focused on the challenges posed by authoritarianism, shrinking civic space, and frequent coups in the region. The participants condemned coup attempts and emphasized the need for peaceful and democratic solutions to governance issues in the region. They also called for the protection of civic space, the reestablishment of the moral authority of the Economic Community of West African States (ECOWAS), and the adoption and implementation of protocols on democracy and good governance.
The Nigerian Exchange (NGX) closed in negative territory after equities fell by N294 billion due to the FTSE Russell downgrade of the Nigerian Stock Exchange. The downgrade prompted immediate selloffs, resulting in a plunge in equities. The All-Share Index (ASI) traded 0.80% lower, and the market capitalization of equities saw a loss of N294 billion. Several stocks experienced mixed trading sessions, with tier 1 banks recording negative sessions.
Six individuals have been arrested in connection with the killing of the Divisional Police Officer (DPO) of Ahoada East Council, Rivers State, Nigeria. The DPO was ambushed and murdered by suspected members of the Iceland cult group. The arrests were made following a police operation in the community, and the suspects are currently undergoing interrogation. The community has been evacuated, and a new DPO has been appointed to lead investigations in the area. This incident has raised concerns about safety and the presence of cult groups in Rivers State.
Unity Bank Plc, a retail lender in Nigeria, is determined to prioritize recapitalization and asset creation in response to the prevailing foreign exchange revaluation in the financial system. The bank's Managing Director, Tomi Somefun, acknowledged the disruptions and impact on the bank's financial positions due to the depreciation of the Naira currency. However, she expressed optimism about the positive economic outcomes of government policies in the near future. Unity Bank Plc aims to bolster its asset creation, liability generation, and business growth while focusing on process automation, cost efficiency, and value chain relationships.
The Nigerian Meteorological Agency (NiMet) has issued a weather forecast predicting thunderstorms and cloudiness across Nigeria from Tuesday to Thursday. The agency advises the public to take necessary safety precautions due to the possibility of flash floods caused by moderate to heavy rainfall. NiMet emphasizes the importance of being proactive and staying informed about weather updates to ensure the safety of lives and property.
A new report from Amnesty International and another rights group reveals the human rights abuses in the mining industry in Congo, particularly in the production of minerals critical to electric vehicle batteries and other green technologies. The report highlights forced evictions, physical assault, and abusive labor conditions in the country, which is the world's largest producer of cobalt and Africa's top producer of copper.
WATT Renewable Corporation has signed a contract to deploy over 32MW of hybrid solar solutions in Nigeria. The project, in partnership with Airtel, will involve the installation of solar power and lithium-ion battery storage at 600 sites. This initiative aligns with WATT's commitment to sustainable development and supports Airtel in achieving its reliability and cost objectives while reducing emissions. The hybrid solar installations will improve power supply reliability and uptime, crucial for expanding Airtel's network coverage and introducing advanced technologies in the region.
A report from Amnesty International and the Congo-based Initiative for Good Governance and Human Rights details how the mining of minerals in Congo, particularly cobalt and copper, has led to human rights abuses such as forced evictions and physical assault. The search for these critical minerals used in electric vehicle batteries and other green technologies has uprooted people from their homes and farmland without adequate compensation or resettlement.
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