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FILE PHOTO - A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS-Dado Ruvic-Illustration-File Photo

Facebook investors, shrugging off election woes, look for ‘social commerce’ payday

Facebook Inc may face questions about fallout from U.S. election controversies when it posts earnings on Wednesday, but top of mind for investors is a less political matter: the company’s heavy bet on e-commerce to drive ad sales.
Mrs Toki Mabogunje, LCCI’s President stated this at a press conference on Tuesday in Lagos.

LCCI: Joe Biden’s administration will usher in new global economy dispensation

The Lagos Chamber of Commerce and Industry (LCCI) has said that the administration of Mr Joseph Biden, the 46th elected U.S President, would usher in new dispensation for global economy.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

Lagos chamber projects positive economic recovery by Q2

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021.
The Bauchi state governor, Sen. Bala Mohammed, on Friday, inaugurated the newly appointed 20 commissioners as members of the State Executive Council (SEC).

Bauchi governor’s principal secretary resigns

Professor Mohammed Kirfi, the Principal Private Secretary to the Bauchi State Governor, Bala Mohammed, has resigned his appointment.
Osun State Govenror Adegboyega Oyetola

Osun governor launches juice production company in Osogbo

Osun State Governor, Mr Adegboyega Oyetola, on Friday inaugurated the construction work of a juice production company at the Omoluabi Free Trade Zone, Osogbo.
FILE PHOTO - The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS-Pascal Rossignol-File Photo

Amazon to hike fees for Spanish users after new digital tax

Countries around the world are examining ways to tax global tech companies on revenues generated in their economies in the absence of wider agreement on how to tackle their growing role in business and commerce.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo government trains 350 enumerators on coronavirus pandemic loan disbursement

The Ondo State Government (ODSG) has started training no fewer than 350 enumerators that will be monitoring and inspecting those who will be given various loans meant to cushion the effects of COVID-19 pandemic under Nigeria-Cares (N-Cares) Project.
Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, gave the warning at the maiden matriculation of the Lagos State Cooperative College’s first diploma programme held at the Johnson Agiri campus of the school in Agege, Lagos.

Lagos vows to curb sharp practices in cooperative societies

Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande gave the warning at the maiden matriculation of the Lagos State Cooperative College’s first diploma programme held at the Johnson Agiri campus of the school in Agege, Lagos.
Those sworn in include Ehiozuwa Ogbonayinma, Babatunde Balogun and Benedict Umeano for the CCB and Onyemuche Nnamani for the PSC.

President Buhari swears in members of CCB, PSC

President Muhammadu Buhari has sworn in three members of the Code of Conduct Bureau (CCB) and a member of Police Service Commission (PSC).

AfCFTA: Nigeria Customs awaits NAC directives on tariffs, waivers

The Nigeria Customs Service (NCS), yesterday stated that it is waiting for clear directives from the National Action Committee (NAC) on implementable tariffs for all goods covered by the African Continental Free Trade Area (AfCFTA) agreement.
Outgoing US President Donald Trump has “unequivocally condemned” the January 6 breach of Congress by his supporters.

Donald Trump grants clemency to 143 people, but not himself or family members

President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.
Trade and Industry Minister, Richard Adebayo, has said the federal government is optimistic of securing a $500 million AFDB fund for technology innovation in the country.

Nigerian government to partner Ekiti chamber to spur economic activities

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has promised to partner with the Ekiti Chamber of Commerce, Industry, Mines and Agriculture to boost commerce and industry in Ekiti State.

ACFTA: We need clear tariffs directives – Customs

The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African Continental Free Trade Agreement (ACFTA).
FILE PHOTO - The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. REUTERS-Abhishek N. Chinnappa-File Photo

India plans foreign investment rule changes that could hit Amazon

India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.
Former Nigerian minister, Jubril Martins-Kuye, has died.

PDP: Senator Martins Kuye’s demise a colossal national loss

The Peoples Democratic Party, PDP, has expressed sadness over the death of one of its founding members and former Minister of State for Finance, Senator Jubril Martins-Kuye, describing his demise as a colossal national loss.
Former Nigerian minister, Jubril Martins-Kuye, has died.

President Buhari mourns former minister Martins Kuye

President Muhammadu Buhari, on Sunday, mourned a former Minister of Commerce and Industry, Jubril Martins-Kuye, who died earlier in the day.
President Muhammadu Buhari on Sunday congratulated a former Minister for Commerce and Industry, Senator Jubril Martins Kuye, on his 80th birthday.

Ogun APC mourns Senator Martins Kuye

The All Progressives Congress, Ogun State Chapter, has expressed “deep sadness” over the demise of former Minister of Commerce and industries who was also a former distinguished Senator who represented the Ogun East Senatorial District, Senator Jubril Martins Kuye; describing his death as “the passing away of one of Ogun’s finest politicians.”
Former Nigerian minister, Jubril Martins-Kuye, has died.

Ex-finance minister Jubril Martins-Kuye is dead

Family sources told newsmen on Sunday that Mr. Martins-Kuye passed on on Sunday morning in his hometown of Ago-Iwoye. He was 78.

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The Miyetti Allah has called for the arrest of Chief Sunday Adeyemo popularly known as Sunday Igboho for the alleged assault on the Seriki Fulani of Oyo state, Alhaji Saliu Abdulkadir.

Sunday Igboho: I’m coming for killer herdsmen in Ogun

Yoruba activist, Sunday Adeyemo popularly known as Sunday Igboho, has declared Ogun state will be his next destination to flush out criminal herdsmen.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF: Coronavirus vaccines rollout gives global economy fresh prospects

The International Monetary Fund has said that the approval and rollout of vaccines have boosted expectations of a global recovery and lifted risk asset prices, despite rising COVID-19 cases and softening economic activity, not only in late 2020 hope of greater prospects in 2021.
The ministry of power works and hosing has asked Nigerians to be rest assured that the third mainland bridge in Lagos poses no danger to users.

Nigerian government to shutdown Third Mainland Bridge for another 72 hours delicate repairs from...

The Federal Controller of Works Lagos, Mr Olukayode Popoola, on wednesday announced another three days of total shutdown of the Third Mainland Bridge for another round of delicate expansion joints replacement.
FILE PHOTO: President of the United States Joe Biden, first lady Jill Biden, U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff stand at the east steps of the U.S. Capitol after the 59th Presidential Inauguration in Washington, U.S., January 20, 2021. David Tulis/Pool via REUTERS

U.S. warns of heightened domestic terrorism threat after presidential inauguration

The advisory follows the storming of the U.S. Capitol on Jan. 6 by supporters of then President Donald Trump in which five people were killed, and the inauguration of Joe Biden as president last week amid heightened security in locked-down Washington.

Edo: Armed herdsman shot dead in gun duel with vigilante

An early morning gun duel between members of a vigilante and armed herdsmen in Esan South East Local Government Area of Edo State ‎yesterday claimed the life of one of the herdsmen.