Breaking: FG Suspends Twitter in Nigeria

By Adedapo Adesanya Nigeria’s former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who faces bribery charges filed against her by the United Kingdom (UK) government, was on Monday granted bail in a London court. Reading his judgement, District Judge Michael Snow granted her bail in terms and conditions, including a curfew that ordered her to stay indoors between 11 pm and 6 am. He also ordered her to always wear an electronic tag and imposed a £70,000 surety to be paid before she could leave the court building on Monday. According to Reuters, the former minister, during her Monday appearance

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Adedapo Adesanya The President of Nigeria, Mr Bola Tinubu, has promised relief amid reforms that have increased hardships among Nigerians in his first Independence Day broadcast on Sunday. Nigeria is marking her 63rd Independence anniversary. Speaking during a brief broadcast, President Tinubu said his reforms, including fuel subsidy removal and unification of exchange rates, have come with some effects, which he admitted were painful but are needed. He announced that small businesses would get much support while an additional N25,000 would be given to low-income earners for six months to cushion the hardship. Mr also promised housecleaning at the

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

By Mohammed Kerimu The Shangisha/Magodo Landlords Association of Nigeria has petitioned President Muhammadu Buhari over the refusal of the Lagos State Government to execute the ruling of the Supreme Court on the return of 549 plots of land to its original owners by the state. In a document submitted to the Presidency and sighted by this reporter, the association expressed optimism that Mr Buhari would do justice to the matter he has demonstrated that a strong judiciary is a sine qua non for the operation and sustenance of democracy which he had vowed to defend. The group further noted that

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has stated that the telecoms sector should expect fresh guidelines and regulations on indigenous content, among others. The Executive Vice-Chairman/Chief Executive Officer of the agency, Mr Umar Garba Danbatta, made this disclosure while speaking at the maiden edition of the Policy Implementation Assisted Forum (Piafo-001) on the National Policy for Promotion of Indigenous Content in the Nigerian telecommunications sector last Friday. Mr Dambatta said “with the constitution of the NODITS, the industry should expect new guidelines and regulations bothering on indigenous content, local manufacturing of telecom equipment, outsourcing of services, construction and

By Adedapo Adesanya The NASD Over-the-Counter (OTC) returned to the positive zone on Wednesday as bullish price movement from two admitted securities lifted the bourse by 2.33 per cent. The gainers were led by FrieslandCampina WAMCO Plc, which ended the session at N120 per unit after rising by N3.83 or 3.2 per cent. At the previous session, it closed at N116.17 per unit. On its part, CSCS closed the session higher by N1.70 or 9.1 per cent to N18.70 per share from the previous closing price of N17 per share. The duo suppressed the 18 kobo or 0.9 per cent

By Modupe Gbadeyanka Leaders and stakeholders from the Niger Delta, who met with President Muhammadu Buhari on Tuesday, have listed 16 issues the Federal Government must tackle to ensure peace is restored in the region. During the meeting, the Niger Delta representatives, led by Mr Edwin Clark, commended President Buhari’s peace move, assuring him that all would be done to restore stability in that part of Nigeria. However, the leaders told the President that the government should look into the 16 conditions part of which is to allocate oil blocs to Niger Delta indigenes. Also listed are infrastructure needs, strengthening

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies called OPEC+ to stabilise the global oil market. The Group Managing Director of NNPC, Mr Mele Kyari, gave the assurance at the ongoing virtual Gulf Intelligence UAE Global Energy Forum 2021. He said despite the negative effects of the production cuts on government revenues, it was the best step towards redeeming the value of oil on the global market, in the interest of all. Speaking on the topic,

By Dipo Olowookere Chairman of Dangote Cement, Mr Aliko Dangote, has said he hopes the company operates in at least 18 African countries in the shortest time. The Africa’s richest man made this known at the 10th Annual General Meeting (AGM) of the company held in Lagos this week. Addressing shareholders of the cement manufacturing firm, the business mogul said the expansion will bring about more money to the company and its shareholders. He said to achieve this goal, efforts would be made to increase the capacity of the company’s Obajana Plant to 16 million metric tons, making it one

By Dipo Olowookere A bail has been granted bail to a former Director General of Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN), Mr Bature Umar Masari. Mr Masari is facing a N104.7 million fraud charge following allegations of money laundering activities and benefitting from proceeds of gratification. He was arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Okon Abang of a Federal High Court, Abuja, on April 9, 2019 on a 17-count charge. His counsel, A. Magaji (SAN), had made an oral application for bail, which was opposed to by the prosecution, prompting the

By Adedapo Adesanya Creative digital technology giant, Adobe, has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for $20 billion in cash and stock. In a press release seen by Business Post, it was stated that the combination of Adobe and Figma will usher in a new era of collaborative creativity. “Adobe’s mission is to change the world through digital experiences. Today, the digital economy runs on Adobe’s tools and platforms, and throughout its history, the company’s innovations have touched billions of lives across the globe. From revolutionizing imaging and creative expression with