Buhari to Address Nigerians Today by 7pm

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

By Adedapo Adesanya President Bola Tinubu on Monday asked South African companies to consider investing in the Nigerian solid minerals development sector, promising them a conducive environment. Mr Tinubu made this call when he held talks with his South African counterpart, Mr Cyril Ramaphosa, in New York City ahead of the United Nations General Assembly (UNGA). According to a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, the Nigerian leader advanced his economic development diplomatic drive for investment attraction during the engagement. He told Mr Ramaphosa that, “South African mining industries have a

By Dipo Olowookere Two new persons have been absolved into the Nigerian Senate on Tuesday, September 27, 2016. The two new Senators, Isaac Alfa and Benjamin Uwajumogu, took their oaths of office on the floor of the Senate. Mr Alfa is representing Kogi East senatorial district at the National Assembly. He won a rerun conducted in the district under the umbrella of the Peoples Democratic Party (PDP). He is a former Chief of Air Staff. On the part of Mr Uwajumogu, he was elected to represent Imo North senatorial district under the platform of the ruling All Progressives Congress (APC).

By Dipo Olowookere Profit-taking dominated the Nigerian Stock Exchange (NSE) on Thursday, resulting into a 0.38 percent loss at the close of business. The All-Share Index (ASI) depreciated by 95.91 points to 25,312.05 points from 25,407.96 points, while the market capitalisation reduced by N50 billion to N13.204 trillion from N13.254 trillion. A total of 270.2 million shares worth N5.3 billion were traded in 4,550 deals yesterday in contrast to the 353.3 million stocks valued at N7.0 billion transacted in 4,659 deals the previous session. This indicated 23.53 percent decrease, 24.72 percent decline and 2.34 percent fall in the volume, value

By Dipo Olowookere Shareholders of Guinness Nigeria, BUA Cement and three other companies will gather this week for their respective Annual General Meetings (AGMs). For Guinness Nigeria, it will hold its AGM on Tuesday, October 20, 2020, at the Panoramic View Hall, Civic Centre, Victoria Island, Lagos at 11am. Two days later, precisely on Thursday, October 22, 2020, it would be the turn of shareholders of BUA Cement, Sovereign Trust Insurance and Universal Insurance to gather. On the part of BUA Cement, its yearly shareholders’ gathering will take place at the Lagos/Osun Hall of Transcorp Hilton in Abuja at 11am.

**Blasts President Over Termination of Atiku Firm’s Deal with NPA By Dipo Olowookere A group known as Democracy Coalition has slammed President Muhammadu Buhari over the cancelation of a deal signed between the Nigerian Ports Authority (NPA) and a firm belonging to former Vice President, Mr Atiku Abubakar, Intels. In a statement issued yesterday by the National Coordinator of Democracy Coalition, Mr Michael Williams, the group accused the President of witch-hunting those he feels might stop his return to Aso Rock for the second time in 2019. The coalition alleged that the Mr Buhari administration’s “witch-hunting policy” led to the

By Christie Obiaruko Ndukwe Governor Nyesom Wike sacked his Commissioner for Environment, Mr Tamuno Igbiks, in the middle of a summit on the hazardous soot in Rivers State. It’s not a problem since he has the power to hire and fire. But the reason he gave for the sack is what I find amusing. Dr Tamuno Igbiks had allegedly written a letter asking Julius Berger to stop work all over their construction sites in the state. According to Governor Wike, the young man exhibited undue power not available to him as a Commissioner, and worse still, he failed to inform

By Nneka Okumazie In the toughest of times, it will be difficult to convince someone that the Creator loves the world. The reason is simple, the measure of love is palpable care, presence, doing wishes, providing, etc. If it doesn’t pass this test or something close, it is either not love or there’s no Creator. But this logic is flawed, just going by laws of culture. In another culture, greeting, dressing, events arrangements, etc. are different and may seem preposterous to others, but it is their tradition. Also, there are several other examples of experiences only possible by time or

By Modupe Gbadeyanka The interbank lending rate is expected to decline this week as a result of the huge amount of liquidity hitting the market. A total of N1.36 trillion will hit the market of which N551.36 billion is of maturing treasury bills via both the primary and secondary markets, while N812.76 billion is from the federally collected revenue distributed by FAAC. This N1.4 trillion inflows will boost financial system liquidty and result in a corresponding downward trend in NIBOR, analysts at Cowry Asset said in their weekly report. Last week, the Central Bank of Nigeria (CBN) sold treasury bills

By Adedapo Adesanya The Chief of Defence Staff (CDS), General Lucky Irabor, has said that the four new ballistics gunboats launched by the Nigerian Navy, would boost the fight against oil theft and sea piracy in the Niger Delta region. This is as the Nigerian Navy has inducted four armoured gunboats built at the Naval Shipyard Limited in Port Harcourt, Rivers State. The Defence Chief explained that the induction of the ballistic gunboats, built locally, reaffirmed the resolve of the Armed Forces to clear all illegalities and criminalities at the nation’s maritime space. Mr Irabor added that the new platforms