Appeal Court Removes Muftwang as Plateau Governor

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Modupe Gbadeyanka To achieve sustainable development in Africa, efforts must be made to have an enabling policy environment and collaboration between the government and the private sector. This was the submission of the chief executive of Airtel Africa, Mr Segun Ogunsanya, at a COP28 side event co-hosted by the telecommunications giant and the African Business Leaders Coalition (ABLC). Mr Ogunsanya, who is a member of the United Nations Global Compact’s ABLC, stressed that African business leaders and governments to join forces to advance sustainable growth, development, and prosperity across the continent. “We stress the importance of an enabling policy

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has asked the Senate to reject the planned N15 billion for the construction of the vice president’s residence new building contained in the FCT 2023 supplementary budget. The call was contained in a letter addressed to the Senate President, Mr Godswill Akpabio. In the letter, dated December 2 and signed by SERAP’s deputy director, Mr Kolawole Oluwadare, the organisation urged Mr Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Mr Nyesom Wike to spend N15 billion for the construction of a

By Adedapo Adesanya President Bola Ahmed Tinubu on Tuesday ordered an investigation after the army acknowledged one of its drones accidentally struck Tudun Biri village as residents were celebrating a Muslim festival. The army did not give any casualty figures, but residents claimed 85 of them, who were mainly women and children, died in the attack, which has sparked public outrage. On its part, Amnesty International’s Nigeria office said 120 people were killed in the attack, citing reports of its workers and volunteers in the area. But the North-West zonal spokesperson of the National Emergency Management Agency (NEMA), Mrs Halima

By Adedapo Adesanya The House of Representatives has summoned controversial singer, Mr Azeez Fashola, popularly known as Naira Marley, to appear before it as part of moves to secure proper compensation and royalties for late singer, Mr Ilerioluwa Aloba (Mohbad) for his musical works. The deceased died on September 12 at the age of 27 over unclear circumstances. Following his death, documented history from the singer showed he had historically been threatened and suffered violence after his split from Mr Fashola’s Marlian Music last year. This sparked outrage, leading to government and security agencies’ involvement. Through its Committee on Justice,

By Modupe Gbadeyanka Barely two weeks after their retirement from the military, President Muhammadu Buhari has nominated all the immediate past service chiefs as ambassadors. Recall that on January 26, 2021, after calls from several quarters, Mr Buhari approved the resignation of the Chief of Defence Staff, General Abayomi Olonisakin; the Chief of Army Staff, Lt-General Tukur Buratai; the Chief of Naval Staff, Vice Admiral Ibok Ekwe Ibas; and the Chief of Air Staff, Air Marshal Sadique Abubakar. They were replaced by Major-General Leo Irabor as the Chief of Defence Staff; Major-General I. Attahiru as the Chief of Army Staff;

By Adedapo Adesanya Following a loss of N6.64 billion, the NASD Over-the-Counter (OTC) market capitalisation closed at N529.12 billion in the 27th week of trading this year. In the preceding week, the total value of securities on the exchange stood at N535.76 billion. The decline resulted from the negative movement in the price of Central Securities and Clearing System (CSCS) Plc, which outweighed three price advancers recorded in the week. Business Post reports that CSCS Plc lost 8.4 per cent last week to settle at N16.99 per share in contrast to N18.55 per share of the prior week. This depleted

By Modupe Gbadeyanka The deadline for the swapping of the old Naira notes for the redesigned currency denominations has been extended by the Central Bank of Nigeria (CBN). The Governor of the CBN, Mr Godwin Emefiele, announced the extension on Sunday in a chat with journalists in Daura, Katsina. Mr Emefiele was in Daura for a crucial meeting with President Muhammadu Buhari on the currency swap policy, which has put many citizens under untold hardships. The central bank announced on October 26, 2022, that it was redesigning the N200, N500, and N1,000 banknotes and gave Nigerians till January 31, 2023,

By Modupe Gbadeyanka As part of its continued pursuit to strengthen the Nigerian financial markets, and in a bid to promote settlement finality on products traded, the FMDQ OTC Securities Exchange has activated its Clearing House to deliver highly efficient post-trade services across the nation’s fixed income and derivatives markets. This is expected to address some of the key drivers for the development of the markets; risk mitigation, capital efficiency and price transparency, while ensuring safety, stability, confidence and ultimately, inclusiveness in the marketplace. The Nigerian fixed income and derivatives markets had up till now experienced slow growth due to

By Modupe Gbadeyanka A supplementary budget of N2.17 trillion was on Monday approved by the Federal Executive Council (FEC) for 2023. The Minister of Budget and Economic Planning, Mr Atiku Buguda, disclosed this after the FEC meeting held yesterday in Abuja presided over by President Bola Tinubu. Addressing newsmen at the State House after the gathering held at the Presidential Villa, the Minister noted that the N2.17 trillion supplementary budget would be used for urgent national issues, including N605 billion for security and national defence as well as N200 billion for the supply of agricultural production, and N5.5 billion for

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By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) said it has commenced the implementation of a 100 per cent custody requirement in the Collective Investment Schemes (CIS) sector. In an interview in Abuja recently, the Director-General of the agency, Mr Lamido Yuguda, explained that this move was taken to further protect investors and deepen the capital market. The custody requirement covers all funds and portfolios being managed by registered fund/portfolio managers, and to guard against any shock, all clients’ assets managed under discretionary and non-discretionary mandates are to be held under the independent custodial agreement and custodial banks. This