The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...
A Lagos-based car wash operator, Idris Ayotunde, who absconded with a customer’s car, has been arrested in Odeda, Ogun State. Ayotunde was arrested at Alakija village via Olodo at the weekend by Safer Highway Patrol team who were on stop-and-search duty on the Abeokuta/Ibadan expressway. The team stopped the car and demanded for its documents, and when Ayotunde could not produce them, he was taken to the Odeda Divisional Headquarters where the Divisional Police Officer (DPO), Ajayi Williams, interrogated him, and discovered he stole the car. Police spokesman Abimbola Oyeyemi, in a statement yesterday, said the suspect, who claimed to be an ND holder, confessed to joining a car wash at Jimoh Bus Stop, Shasha-Akowonjo, Lagos State, recently. Abimbola noted that the car owner, Mrs. Tosin Shof...
The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...
As the probe into the shooting at the Lekki Toll Gate continues, the panel set up by the state government to look into the incident has been told by Mr Abayomi Omomuwa, managing director, Lekki Concession Company, operator of the tollgate, that he could not quantify the losses when the toll gate was occupied by #EndSARS protesters in October. Omomuwa also told the panel that contrary to insinuations, the toll gate was owned by private investors until 2014 when the Lagos State Government acquired it 100 per cent. Omomuwa who disclosed this while under cross-examination by a counsel for some #EndSARS protesters, Mr Adesina Ogunlana, said, “I believe that is the business of the company, not something to discuss in public.” When pressed further by Ogunlana, the LCC MD said, “It is obvious, whe...
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim. In the wake of cancelations handed down to Netflix shows like Glow, I Am Not Okay with This, Teenage Bounty Hunters, The Society, Altered Carbon, and The Dark Crystal: Age of Resistance, Away has been canceled after one season. You can read star Hilary Swank‘s response to the news below. [embedded content] Away is going away. Variety reports that six weeks after the series made its debut on September 4, 2020, Netflix has decided to not renew it for a second season. The series, which starred Oscar-winning actress Hilary Swank as the commander of the first-ever manned expedition to Mars, has come to an end after ten total episodes. Josh Charles (The Good ...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...