BREAKING: Boko Haram Attacks Goniri Community in Yobe

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 Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

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

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) has been chosen as the best federal government agency in Digital Transformation. This recognition came from the Presidency through the Bureau of Public Service Reforms (BPSR). In a statement, it was disclosed that the Director-General of the maritime regulator, Mr Bashir Jamoh, has been nominated to receive the distinguished GovTech Trailblazers Award for his exemplary leadership. The BPSR explained that the nominees were picked from a nationwide nomination and online voting process initiated by the bureau, as well as a detailed analysis of the performance of all government MDAs

By Dipo Olowookere The management of Ardova Plc is looking to boost the revenue of the company, which will in turn make shareholders get more value for their investment. On Wednesday, the firm said it was discussing with a retail and supply company in the downstream sector in Nigeria, Enyo Retail and Supply Limited, for a possible acquisition. Ardova is a big player in the ecosystem and with the acquisition of Enyo, it hopes to further increase its share of the market. In a statement today, the energy firm described Enyo as a technologically driven player currently operating over 90

By Dipo Olowookere A closed period has been declared by the board of Union Bank of Nigeria Plc ahead of the release of its earnings for the third quarter of the year ended September 30, 2019. The lender announced the closed period on Monday, making its impossible for its insiders, who include directors, top management staff and others, from trading shares of the company at the stock exchange. In a notice signed by the Company Secretary, Somuyiwa Sonubi, and sent to the Nigerian Stock Exchange (NSE), Union Bank said this restriction in the buying and selling of its equities by

By Investors Hub European stocks have fallen on Tuesday, as confused signals over U.S.-China trade talks as well as a broadly weaker dollar have prompted traders to take some profits after the previous session’s rally. Italy has continued to be in focus after the country’s Prime Minister Giuseppe Conte said the revised budget would be ready in the coming hours. The British pound has jumped after a senior EU law officer said the U.K. could halt Brexit by unilaterally revoking Article 50. While the French CAC 40 Index has fallen by 0.4 percent, the U.K.?s FTSE 100 Index and the

By Adedapo Adesanya Nigeria’s crude production came to 1.269 million barrels per day in August, according to the latest figure from the Organisation of the Petroleum Exporting Countries (OPEC). In the group’s latest Monthly Oil Market Report (MOMR) published on Tuesday, Nigeria, which is Africa’s largest crude producer, had its production growing by 98,000 barrels per day or 8 per cent compared with July’s production figure of 1.17 million barrels per day. Regardless of the gain in the month, attributed to oil theft curbs and the resumption of crude lifting at the Forcados terminal, the country has still not been

By Modupe Gbadeyanka A request for the listing of its N10 billion rights issue on the Nigerian Stock Exchange (NSE) has been filed by Transcorp Hotels Plc. The application was submitted by the hospitality company through its stockbroker, United Capital Securities Limited. According to a notice dated Tuesday, July 14, 2020, and signed by the Head of Listings Regulation at the exchange, Mr Godstime Iwenekhai, the company wants the rights issue to be admitted on the NSE trading platform after they must have been allotted to shareholders. Recently, shareholders of Transcorp Hotels authorised the board to go ahead with the

By Dipo Olowookere Shares of Mutual Benefits Assurance, Ardova and others were the worst-performing at the nation’s stock market on Tuesday as investors offloaded them. Mutual Benefits lost 10 per cent to settle at 36 kobo per unit, while Ardova depreciated by 9.97 per cent to close at N16.25 per share. Also, Champion Breweries declined by 9.69 per cent to N2.05 per unit, The Initiates went down by 9.62 per cent to 47 kobo per share, while Sterling Bank dropped 8.75 per cent to N1.46 per unit. On the flip side, Academy Press was the best-performing stock yesterday with a

By Dipo Olowookere The Nigerian Stock Exchange (NSE) extended its gains yesterday by 0.46 percent after the All-Share Index (ASI) increased by 141.68 points to finish at 30,878.56 points and the market capitalisation went up by N53 billion to end at N11.515 trillion. It was observed that the level activity at the local market on Wednesday improved as prices of shares continue to attract more investors. At the close of transactions, the volume, value and number of trades rose by 52.96 percent, 21.47 percent and 2.68 percent respectively. The volume of shares transacted at the nation’s bourse yesterday grew to

A financial technology company based in the United States of America, P2P Cash Technology, has announced that residents of the New York and New Jersey metropolitan area can now send money free of charge to recipients in Nigeria and nearly a dozen other countries around the world. The money transfer business is a fragmented business, with the top two competitors owning only about 15 percent of the $700 billion remittance market. Recognizing that the consumer is rapidly adopting digital services tapped via online and phone apps, new competitors in the money transfer industry are not opening physical retail locations. They