Buhari Loses Suit to Challenge Electoral Act at Supreme Court

By Modupe Gbadeyanka On October 1, 2023, food enthusiasts and stakeholders will gather at the Tafawa Balewa Square, Lagos to have a taste of Nigerian cuisine at an event organised by 3X4 Foods, a subsidiary of 3 BY 4 Gourmet. The founder of 3X4 Foods, Ms Banke Makinde, said the programme, Street Food Celebration, would be used to showcase the Nigerian culture, through food, to the world. She said the event would provide an opportunity to celebrate Nigeria’s culture, history, and people through street food, and promote cultural entertainment, and delicious gourmet street food. According to her, Street Food Celebration

By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Aduragbemi Omiyale The decision of a popular micro-blogging platform, Twitter, to delete a tweet posted by President Muhammadu Buhari on Tuesday via his verified handle has not gone down well with the federal government. Mr Buhari had made a post believed to have been targeted at those of the Igbo extraction in the South-Eastern part of Nigeria. Between 1967 and 1970, Nigeria and the South East region of the country under Biafra engaged in a clash later known as the Nigerian Civil War. Millions of people from the region were killed in the 30-month war. On May 30, 2021,

By Modupe Gbadeyanka An international investment and holding company with diversified interests and investments in Nigeria, Ghana, Republic of Benin, Morocco, UAE, South Africa, India and several other emerging markets, Tropical General Investments (TGI) Group, has announced a landmark agreement with the Nigerian Football Federation (NFF) to support the senior national football teams, in their quest to win laurels for Nigeria. At a joint press briefing which took place at the Godswill Akpabio International Stadium in Uyo on Friday, the NFF unveiled the TGI Group as the official food sponsor of the Super Eagles for the next three years. TGI

By Modupe Gbadeyanka Aiteo Group has reacted to online reports that its Executive Vice Chairman (EVC), Mr Benedict Peters, acted as a frontman for the immediate past Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, to purchase posh property in England and luxury furnishings in return for contracts from the Nigerian National Petroleum Corporation (NNPC). In a statement issued by the oil firm this week, it said, “The publication contains several untrue and malicious allegations against our EVC and the Aiteo Group.” “It is obviously directed against the image, reputation and integrity of our EVC and the company in what we

By Adedapo Adesanya The International Finance Corporation (IFC), a member of the World Bank Group, and BNP Paribas (BNPP), the European Union’s largest bank as measured by assets and a key player in international banking, have announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction, which will enable BNPP to expand its trade finance activities and continue to support emerging markets. The transaction is expected to be particularly impactful, as international trade finance flows have been adversely impacted by ongoing global economic uncertainty. BNPP is a strategic user of SRTs across a variety of asset classes in developed economies,

By Modupe Gbadeyanka Global leader in orthobiologics, Bioventus, says it will commission an innovative series of real-world evidence, direct-to-patient studies to further validate the ability of its EXOGEN Ultrasound Bone Healing System to mitigate the risk of a fracture progressing to non-union in the presence of known risk factors. FDA PMA approved in 1994, EXOGEN has provided treatment to more than 1 million patients worldwide for more than 20 years and has a long clinical history. The product uses safe, effective low-intensity pulsed ultrasound (LIPUS) to help stimulate the body’s natural healing process. Recent publications analyzing data from a large

By Adedapo Adesanya  The federal government, through the Nigeria Export Processing Zones Authority (NEPZA), the Nigeria Economic Zones Association (NEZA), and the Security and Exchange Commission (SEC) has said it would make efforts to list its free trade zones, including the Lagos Free Zone (LFZ) on the stock market. The Managing Director and Chief Executive Officer of NEPZA, Mr Adesoji Adesugba, stated this while speaking during a recent business interface meeting with the Director-General of SEC, Mr Lamido Yuguda, at the commission’s headquarters in Abuja. He said that the prosperity and wealth of the free trade zones would be effectively

By Modupe Gbadeyanka The Senator representing Osun Central constituency of Osun State at the National Assembly, Mr Olusola Adeyeye, has accused one of the airline operators in the country, Arik Air, of putting the lives of Nigerians at risk. The lawmaker said the company was allegedly doing this by not servicing its airplanes properly. Speaking on the floor of the Senate on Wednesday, Mr Adeyeye claimed on three different occasions, he boarded Arik Air with faulty air conditioning system. He further accused the airline and others of operating on substandard maintenance. Citing Order 43, Senator Adeyeye cites Order 43 on

By Ashemiriogwa Emmanuel Nigeria-based fintech company, OPay, has raised fresh $400 million in its latest funding round led by SoftBank Vision Fund 2, increasing the company’s valuation to $2 billion. The existing investors who took part in the funding round included Sequoia Capital China, Redpoint China, Source Code Capital, and Softbank Ventures Asia. It was also supported by other investors like DragonBall Capital and 3W Capital. The round, which is actually the Fund’s first investment in an African startup, is coming three months after the fintech firm announced its plans to raise “up to $400 million at a $1.5 billion