Business

THISDAY is 30 Today, Commemoration, Awards for the Tough and Resilient on Jan 27

Published

2 years ago

January 22, 2025

Charles Flames

566 Views

THISDAY, Nigeria’s foremost newspaper of record, is 30 years on the news stands today.

THISDAY first started publication as a weekly on January 22, 1995, before quickly transforming into a daily newspaper barely two months later.

In a statement, the paper said that to mark the occasion, it has already set out to honour some of the nation’s ‘Tough and Resilient’ persons and institutions in selected fields of endeavours on Monday, January 27.

The presentation of first awards is set to begin in Davos, Switzerland tomorrow.

In its three decades of trailblazing and robust journalism, THISDAY has without doubt shattered the myths and norms associated with newspaper production and publishing in the country.

Indeed, it has, in no small measure, changed the face of the newspapering industry during that period, including pioneering the now famous colour printing and back page columns.

Till date, THISDAY remains the preferred newspaper among the business, political and diplomatic elite, and has for many years been one of the most recognisable brands locally and internationally.

Thus, to celebrate this milestone, THISDAY recently invited nominations for various categories of nominees for its awards ceremony billed for next Monday, tagged: “When the Going Gets Tough… the Tough Gets Rewarded!” The awards will cover several categories, mostly for the ‘tough and resilient’, including the men and the women and the institutions rebuilding Nigeria and her democracy.

Some of the categories include ‘Titans of The Year’, for the men and women who through their vision, action, guts and courage have made a lasting impact on Nigeria.

One of the major recognitions, however, is the ‘Man of the Year’ award conceded to President Bola Tinubu, for having significantly influenced many of the major events that shaped 2024.

Another of such award categories already won is the ‘Woman of the Year’ by Dr. Ngozi Okonjo-Iweala, as the woman, who in many ways, influenced major events of2024, both in Nigeria and across the globe.

Other categories are, ‘Bank of the Year’, for the bank, which has used innovation, technology and inclusion for growth in earnings and shareholder value as well as ‘Banker of the Year’, for the banker whose leadership and impact has changed the banking landscape for good.

Related Topics:30th Anniversary Featured This Day Newspaper

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Naira Rates To Dollar , Pound, EURO… Monday, October 5

Published

13 hours ago

October 5, 2026

OCHEFA

22 Views

Black Market Exchange Rates

₦1365DOLLAR (USD)

₦1820POUND (GBP)

₦1535EURO (EUR)

₦970 CANADIAN DOLLAR (CAD)

₦65 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED)

₦190 CHINESE YUAN (CNY)

₦100 GHANAIAN CEDI (GHS)

West African CFA ₦2300CFA

Central African CFA ₦2200

Australian Dollar currency ₦850AUSSIE (AUD)

Official CBN Exchange Rates

DOLLAR (USD)₦1330.10

POUND (GBP)₦1759.58

EURO (EUR)₦1496.76

SWISS FRANC (CHF)₦1605.62

JAPANESE YEN (JPN)₦8.45

CFA FRANC (XOF)₦2.29

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1801.60

CHINESE YUAN (CNY) ₦198.39

SAUDI RIYAL (SAR)₦354.25

SOUTH AFRICAN RAND (ZAR)₦79.91

Business

Diesel Costs Bite: LAMATA Accelerates Shift To CNG, Electric Buses

The move comes as diesel prices have more than doubled, rising from about N950 per litre at the beginning of the year to between N1,950 and N2,100 per litre, depending on the source.

Published

1 day ago

October 4, 2026

OCHEFA

24 Views

Lagos is accelerating its transition away from diesel-powered public transport as the Lagos Metropolitan Area Transport Authority (LAMATA) begins phasing out diesel buses from its regulated fleet, amid a surge in diesel prices that has pushed operating costs sharply higher.

LAMATA is targeting clean-energy propulsion for 52 per cent of its Bus Rapid Transit (BRT) fleet by 2050, with compressed natural gas (CNG) and electric vehicles (EVs) taking the place of conventional diesel buses under a policy that took effect at the beginning of 2026.

The Managing Director and Chief Executive Officer of LAMATA, Mrs. Abimbola Akinajo, disclosed this weekend, during the handover of 20 additional high-capacity CNG buses under the Presidential Initiative on CNG and EVs.

The latest delivery brings LAMATA’s CNG fleet to about 170 buses, following the deployment of approximately 150 CNG buses before the new vehicles were received.

The authority also operates high-capacity and medium-capacity electric buses.

Akinajo said some of the new CNG buses would be deployed on the busy Ikorodu–Tafawa Balewa Square corridor, where passenger demand remains high.

“We will only work with CNG or EV buses, and this has been the policy since the beginning of the year,” she said.

The move comes as diesel prices have more than doubled, rising from about N950 per litre at the beginning of the year to between N1,950 and N2,100 per litre, depending on the source.

For LAMATA, the shift is therefore not only an environmental policy but also a cost-management strategy aimed at shielding commuters and transport operators from the impact of rising fuel expenses.

Akinajo said regulated public transport fares had not been increased, partly because the lower operating costs of CNG and electric buses were helping to contain the pressure on operators.

“Regulated public transport fares have not increased, and these buses have helped us achieve that,” she said.

Diesel phase-outUnder the new policy, existing diesel-powered buses in the regulated system will be progressively replaced with CNG and electric alternatives.

Akinajo said the long-term direction was for the regulated system to ultimately operate an entirely electric fleet, while the broader clean-energy target provides a pathway towards reducing emissions from Lagos’ transportation sector.

Transportation remains a major source of emissions in the megacity, making the switch to cleaner buses a key component of Lagos State’s long-term ambition of achieving net-zero emissions by 2050.