Buhari Boils Over Spread of Ethnic Violence

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 Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

By Dipo Olowookere The fear of being thrown into the already filled labour market in Nigeria is giving employees of InterContinental Hotel in Lagos a lot to worry about. This is because owners of the business, InterContinental Hotels Group, have threatened to pull out of Nigeria by Thursday, January 18, 2018. The firm said it was not happy with Messrs Kunle Ogunba, who was appointed the receiver/manager by Skye Bank, following an interim court order. This displeasure was made known in a notice of termination of the agreement dated January 3, 2018. “We had, on various occasions, engaged the receiver/manager

By Adedapo Adesanya The federal government has expressed its displeasure at Wednesday’s ruling by an Italian court that acquitted the Royal Dutch Shell and Eni for alleged fraud as regards the Oil Production License (OPL) 245 in Nigeria. A representative of the Nigerian government told Bloomberg that the nation will wait to review the Italian court’s written judgment before considering its position. “The Federal Republic of Nigeria is disappointed in today’s (Wednesday) ruling in Milan, but thanks the Italian prosecuting authorities for their tireless efforts. “The Federal Republic of Nigeria will continue to hold those responsible for the OPL 245

By Modupe Gbadeyanka The secondary market for treasury bills came under selling pressure on Monday as happenings in the political setting of the nation kept investors on the alert. During the day’s session, the Central Bank of Nigeria (CBN) floated an OMO auction to curtail the volume of liquidity in the financial system. At the exercise, the apex bank mopped up N48.9 billion. The central bank allotted N2.3 billion worth of the 87-day bill, N6.3 billion worth of the 192-day bill and N48.3 billion worth of the 360-day bill to market players at the OMO sale. Business Post reports that

By Dipo Olowookere Lagos State government on Thursday said about N99.7 billion worth of properties were saved from fire incidences recorded in the State in the last one year. Commissioner for Special Duties and Intergovernmental Relations, Mr Oluseye Oladejo, said the government stepped up its emergency apparatus to respond to fire disasters and other emergency situations. “I can give you some information about the value of the properties saved from fire disasters and that would give an estimate total of N99.72 billion during the period under review and the estimated properties lost totals N16.62 billion,” Mr Oladejo said. Speaking further,

By Modupe Gbadeyanka A deal to boost power supply in Nigeria has been signed between GE and the Niger Delta Power Holding Company (NDPHC). The collaboration, Business Post gathered, is aimed at developing an End-To-End to Power Intervention (EEIP) in the country. This week, both parties signed a Letter of Intention (LOI) during the France-Nigeria Business Forum held in Lagos, one of several events hosted during the visit of President of France, Emmanuel Macron, to Nigeria. GE’s EEIP is aimed at delivering incremental power from the NIPP’s underutilized or stranded capacity to several industrial and commercial hubs through multiple solutions

By Dipo Olowookere President Muhammadu Buhari has expressed his readiness to rededicate himself to the service of the nation after returning from a medical vacation in London on Friday. Addressing his countrymen on Friday from the State House, shortly after his return, President Buhari said he was fully committed to serving the nation and protecting the right of all Nigerians. He expressed gratitude to Nigerians for all the prayers and show of goodwill, saying, “I am deeply grateful to all Nigerians, Muslims and Christians alike who have prayed and have continued to pray for my good health. “This is a

By Modupe Gbadeyanka One of the leading insurance firms in Nigeria, AIICO Insurance Plc, has declared a profit of N10.2 billion for the year 2016. In its 2016 full year financial statements, the company said a total of N27.1 billion was made as gross revenue compared with N32.9 billion it achieved in 2015. It noted that its profit before tax as at December 31, 2016 stood at N11.8 billion in contrast to N1.8 billion as at December 31, 2015. For the payment of tax during the year under review, the insurance firm paid N1.6 billion against N600 million paid a

By Okechukwu Keshi Ukegbu Rumour and propaganda are serious antithesis to the development of a place. They are instruments usually deployed by debased minds and unscrupulous elements to achieve selfish ends. While rumour manifest in unfounded and unsubstantiated claims, half-truth, and outright lies, sometimes, propagandists manipulate these instruments to change and influence people’s beliefs, attitudes and perspective on issues and as a result persuade them to believe or see these as real. Rumours are assumptions or stories and statements in circulation without confirmation or certainty as to source or veracity. Rumours may or may not contain elements of truth, but