Five Key Things You Need To Know To Start Your Tuesday.


FG reaches a trilateral agreement to renegotiate the lease on the Lagos trade fair facility.

A tripartite agreement has been signed by the Federal Government and the Bureau of Public Enterprises (BPE) to begin the process of re-concession of the Lagos International Trade Fair Complex (LITFC).

Amina Tukur, the BPE’s Head of Public Communications, said this in a statement on Monday in Abuja.

According to Tukur, the bureau, Portman Freight Services Limited, and LITFC signed a tripartite agreement to lease a piece of the facility to the freight service provider.

The occasion marked the start of construction on the area of Parcel A and B that was not allocated for concession, according to what the Director-General of BPE Alex Okoh remarked when the deal was signed.

Okoh also said the standardisation of lease agreements would ultimately increase the earnings of the LITFC and the Federal Government in particular.


SMEDAN, Bloc collaboration supports SMEs with financial technologies — Fasanya

In a statement released on Monday, Olawale Fasanya, the director general of the Small and Medium Businesses Development Agency of Nigeria (SMEDAN), said that SMEDAN’s cooperation with Bloc would give Nigerian companies access to the financial technologies they need to expand.

According to Fasanya, the cooperation with Bloc would give Small and Medium Businesses (SMEs) access to software and tools that would help them manage their financial operations more effectively.

A Memorandum of Understanding (MoU) between SMEDAN and Bloc, a provider of financial services and FinTech infrastructure, was inked in November 2022.

According to Fasanya, the platform is having a good effect on how SMEs use financial technology to service their clients.


Lagos governor: PDP submits a tribunal complaint seeking APC, LP’s disqualification

Before the Governorship Election Petition Tribunal of Lagos State, the Peoples Democratic Party (PDP), Lagos State, and its governorship candidate, Dr. Abdul-Azeez Adediran (Jandor), have filed a petition.

The party and Adediran are requesting that the candidates for the Labour Party (LP) and the All Progressives Congress (APC) in the election be disqualified for failing to comply with the Election Act 2022.

In a petition dated April 7 and designated EPT/LAG/GOV/01/2023, the petitioners contested the results of the governorship election held on March 18 due to significant violations of the Election Law and Independent National Electoral Commission rules (INEC).

Gov. Babajide Sanwo-Olu, his Deputy Governorship candidate Dr. Obafemi Hamzat, the All Progressive Congress (APC), the Labour Party Governorship Candidate, and INEC are the other respondents.  Mr Gbadebo Rhodes-Vivour and the Labour Party respectively are the 2nd, 3rd, 4th, 5th, and 6th respondents.

Besides non-compliance with relevant provisions of the Electoral Act 2022,Adediran and PDP in their petition are claiming that at the time of the governorship election held on March 18, 2023, Sanwo-Olu, Hamzat, and Rhodes-Vivour were not qualified to contest the election.

The petitioners, therefore, prayed that all votes cast for them in the election be declared wasted. (NAN)


5G has increased Investments in the telecom sector – NBS

According to the National Bureau of Statistics (NBS), expanded 4G network rollout and 5G rollout will raise foreign direct investment into the telecoms sector by 325.12% in 2022.

According to information from the most recent NBS data, telecoms brought in $456.82 million in 2022 as opposed to $107.46 million in 2021.

Notwithstanding significant macroeconomic constraints, this progress was primarily attributable to the government’s appealing policies and the assurance of the return on investment.

Even though there was an increase in foreign investment in the telecom sector in 2022, overall foreign investment in the nation decreased from $6.7 billion in 2021 to $5.33 billion in 2022, a decline of 20.47 percent, or $1.37 billion.


Bank employee kills five coworkers, In a shooting in Louisville, Kentucky.

At his job in Louisville on Monday, a 23-year-old bank employee shot five coworkers to death and nine others while livestreaming the incident on social media, according to authorities.

According to Louisville police, the shooter was killed there and then. It was uncertain whether he committed suicide or was killed by the police. The incident was the most recent in a long line of mass shootings that have occurred in the US.

The shooter was identified by Louisville police as Connor Sturgeon, who began working as a full-time employee at the Old National Bank’s downtown branch last year.

When a bank branch near Slugger Field baseball stadium received reports of an attacker at approximately 8:30 a.m., police said they responded within minutes.

Officers fired at the gunman, who was armed with a rifle, police Chief Jacquelyn Gwinn-Villaroel told reporters. The attacker broadcast live video of his attack on social media, she said. (Reuters)