By Modupe Gbadeyanka

A presenter with Rave FM and Western Spring Television in Osun State, Mr Segun Makinde, has been granted bail by a Magistrate Court in Osogbo, the state capital.

The broadcast journalist was arraigned before Magistrate M.A. Olatunji on a four-count charge bordering on alleged defamation of character, threat to life, and cyber bullying.

The suspect was accused of defaming one Mr Opeolu Oladapo on one of his programmes on air, Ebami Koya, on May 21, 2025.

Ebami Koya is a Yoruba show anchored by Mr Makinde on Rave 91.7 FM and Western Spring Television in Osun State.

The prosecuting counsel, Mr Lamidi Rasaq, an Inspector by rank, informed the court that the defendant used his platforms on radio, television, and social media to tarnish the reputation Mr Oladapo.

According to him, this act is punishable under Sections of the Criminal Code and Section 5 of the Violence Against Persons Laws of Osun State, Nigeria.

He also said the offence is contrary to and punishable under Section 249(d) and 375 of the Criminal Code, Cap 34, Volume 11, Laws of Osun State of Nigeria 2002, and Section 5(1) of the Violence Against Persons (Prohibition) Laws of Osun State of Nigeria, asking the court to declared him guilty of the offences.

When the charges were read to him, Mr Makinde pleaded not guilty, prompting his counsel, Mr Michael Akinwande, to seek his bail on liberal terms, which was not opposed.

In her ruling, Magistrate Olatunji granted the bail with two sureties in the sum of N500,000, with evidence of required proof before the court. She then adjourned the matter till September 29, 2025.

By Adedapo Adesanya

The Corporate Affairs Commission (CAC) has given companies that have failed to comply with the provisions of the Companies and Allied Matters Act (CAMA) 2020 a 90-day window before striking off their names from its register.

According to a public notice issued by the commission on Tuesday, the names of affected companies have been published on its official website.

The CAC said that organisations found to be non-compliant must rectify their records within 90 days from the date of publication or risk being delisted.

It emphasised that compliance includes filing Annual Returns and disclosing information on Persons with Significant Control or Beneficial Ownership.

“The affected companies should note that any company that fails to comply with the provisions of the Act by filing its Annual Returns within 90 days of this publication shall be struck off the Register,” the notice stated.

It added that updating information on Persons with Significant Control or Beneficial Ownership was also mandatory within the same period to avoid delisting.

The CAC warned that any company removed from the register would lose its legal status and would no longer be permitted to operate in Nigeria.

The action is being carried out in accordance with Section 692 (3) and (4) of the Companies and Allied Matters Act, 2020.

The commission urged the public to visit its website to view the list of affected entities and encouraged all companies to ensure full compliance to avoid deregistration.

By Adedapo Adesanya

Brent crude rose above $72 per barrel on Tuesday, gaining $2.47 or 3.53 per cent to close at $72.51 per barrel, as President Donald Trump ramped up pressure on Russia over its war in Ukraine and on optimism that a trade war between the US and its major trading partners was easing.

Also, the US West Texas Intermediate (WTI) crude gained $2.50 or 3.75 per cent to settle at $69.21 per barrel as Mr Trump threatened to start imposing tariffs and other measures on Russia “10 days from today” if Moscow did not make progress toward ending the war in Ukraine.

This was further buoyed by market optimism that US-China trade talks could bear fruit after President Trump squeezed out a deal from the European Union.

The trade agreement between the US and the European Union, while imposing a 15 per cent import tariff on most EU goods, sidestepped a full-blown trade war between the two major allies that would have rippled across nearly a third of global trade and dimmed the outlook for fuel demand.

The agreement also calls for $750 billion of EU purchases of US energy over the next three years, which analysts say the bloc may have challenges meeting, while European companies are to invest $600 billion in the US over Mr Trump’s term.

Meanwhile, the US government added that its secondary tariff legislation on sanctioned Russian oil, could see China face high tariffs if the world’s largest oil importer continued its Russian oil purchases.

Ahead of the full meeting by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) this Sunday, ministers from the Joint Ministerial Monitoring Committee (JMMC) reiterated the oil group’s need for better compliance with oil production quotas, asking non-compliant nations for compensation plans by August 18.

The American Petroleum Institute (API) estimated that crude oil inventories in the US rose this week, adding 1.539 million barrels in the week ending July 25. So far this year, crude oil inventories are up nearly 13 million barrels.

Official data from the US Energy Information Administration (EIA) will be released later on Wednesday.