APC Calls for Resignation of Governor Umahi of Ebonyi

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

The controversy surrounding the emergence of Professor Charles Igwe as Vice Chancellor of University of Nigeria Nsukka (UNN) has refused to settle as a Federal High Court sitting in Enugu and presided over by Justice I. N. Buba, has reserved ruling for Tuesday, November 26 on the jurisdiction of the court to entertain suit challenging the election of Professor. His election is being challenged by Professor Emmanuel O. Ezugwu, one of the contestants on the election held in May this year. The suit with number FHC/CS/92/2019, Prof Emmanuel Ezugwu versus UNN and 2 others, referring to the UNN Governing Council

By Modupe Gbadeyanka A frontline economist and member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Dr Doyin Salami, has advised the Federal Government to ensure the protection of private investments in the country if it must get Nigeria out of recession. Dr Salami made this plea last Friday at the third edition of the NSE Bloomberg CEO Roundtable held at the Stock Exchange House in Marina, Lagos. While delivering his speech, the renowned economist called on policy makers to focus on growth that is sustainable and inclusive. He noted that defining the role of

By Dipo Olowookere Efforts to safeguard pipelines across the country from vandals and fire outbreaks in line with best safety practices have been intensified by the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of NNPC, Dr Maikanti Baru, disclosed that this was his agency’s determination to ensure that the current steady supply of petroleum products nationwide was sustained. Speaking while receiving a delegation of the Occupational Safety and Health Association, (OSHA) UK, Nigeria Chapter, at the NNPC Towers, Abuja, Mr Baru said the corporation would continue to monitor its pipelines and collaborate with the law enforcement agencies to safeguard

By Dipo Olowookere South African government has announced reduction in the price of petrol in the country from Wednesday, December 7, 2016. Over the weekend, the Department of Energy disclosed that the price of the product would decrease by 20 cents per litre. However, it emphasised that this would apply to both 93 and 95 octane grades of petrol. The Department of Energy explained that it took this step because the average international product prices of petrol‚ diesel and illuminating paraffin had dropped during the period under review. “The Rand appreciated against the US Dollar during the period under review‚

By Modupe Gbadeyanka The Lagos State government is considering selling N185 billion bond to investors at the Nigerian debt capital market, the Permanent Secretary, Debt Management Office (DMO), Mr Olujimi Ige, has said. This is coming a few days after the Commissioner for Finance, Mr Rabiu Olowo, said at an event in Abuja last week that the state government was planning to borrow N125 billion from bond sales as it did in January 2020, when it issued N100 billion 10-year bonds at 12.25 per cent coupon rate. Speaking at the DMO retreat at the Lagos Sheraton Hotel, Ikeja Lagos, Mr

By Modupe Gbadeyanka Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has asked financial institutions in the country to report any suspicious transactions to the agency. Mr Magu made this appeal on Friday, February 15, 2019 at a meeting with Compliance Officers of banks in Benin City, Edo State. The EFCC boss, who was represented by Mailafia Yakubu, Benin Zonal Head of the commission, said based on information at the disposal of the anti-money laundering organisation, politicians may want to use banks for illicit transactions before, during and after the elections. “Once the transaction is

By Adedapo Adesanya The Manufacturing Purchasing Managers’ Index (PMI) in Nigeria stood at 41.1 points in June 2020, contracting for the second time. Business Post had reported that for the first time in 37 months, the PMI of the manufacturing sector in Nigeria contracted to 42.2 points in May 2020. In its latest report, the Central Bank of Nigeria (CBN) showed that out of the 14 surveyed sub-sectors, five sub-sectors reported growth, above 50 percent. These were electrical equipment; cement; petroleum and coal products; transportation equipment and paper products. Meanwhile, other nine sub-sectors reported decline and included printing and related

By Investors Hub Asian stocks rose broadly on Friday to extend a recovery as investors veered around to the view that the U.S.-China trade dispute will be less harmful to global growth than first feared. Chinese stocks posted strong gains as investors continued to bet that Beijing will increase economic stimulus to boost the economy in the face of the trade war. The benchmark Shanghai Composite Index soared 68.24 points or 2.5 percent to 2,797.48, while Hong Kong’s Hang Seng Index surged up 475.91 points or 1.7 percent to 27,953.58. Japanese shares rose for the sixth straight day, with a