CCT Adjourns Justice Onnoghen’s Trial Indefinitely

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

By Adedapo Adesanya The Nigerian government has outlined its priorities for the upcoming 28th Conference of Parties (COP) in Dubai, the United Arab Emirates (UAE). Speaking to journalists at a pre-COP workshop organised by the National Council on Climate Change (NCCC), the Director General of the council, Mr Salisu Dahiru, said the country has a number of issues dear to its economy and journey towards climate resilience that it hopes to achieve at COP28. COP 28 is the United Nations Climate Change Conference taking place from November 30 to December 12. COP takes place every year and is the world’s

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has written to the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds which may include loans obtained from the institution. In the letter dated November 25, 2023, the group specifically wants the bank’s President, Mr Ajay Banga, “to promptly, transparently and effectively conduct an investigation into the spending of loans and other facilities by the country’s 36 state governors and to suspend any loans and funding if there is relevant admissible evidence of mismanagement or diversion of public funds by any of

By Aduragbemi Omiyale The chairman of Dangote Sugar Refinery Plc, Mr Aliko Dangote, has disclosed that next season, the sugar miller plans to increase its production to over 170,000 tonnes. He said this at the Annual General Meeting (AGM) of the organisation recently. “We should be able to produce over 170,000 tonnes which are by far, in the history of Nigeria, the highest to be produced locally,” the businessman said while addressing shareholders at the event. It was observed that despite the economic headwinds that characterised 2022, the company put smiles on the faces of investors by paying N18.22 billion

By Modupe Gbadeyanka The executive chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair, has attributed the successes recorded by the agency to the provision of funds by the state government, thanking Governor Babajide Sanwo-Olu for supporting the organisation. Mr Subair made this disclosure at the 11th edition of the Vanguard Personality of the Year Award held at the Eko Hotels and Suites, Victoria Island, Lagos. “Without mobilisation of funds, there can’t be any meaningful development,” he said, expressing the company’s delight in contributing to Lagos State’s development and humanity. At the event, the tax master was

By Adedapo Adesanya The Naira wrapped the week stronger against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market as it appreciated by 0.19 per cent or 80 kobo on Friday, November 5 as the demand for forex waned at the segment. According to data harvested from the FMDQ Securities Exchange, the local currency was sold for N414.30/$1 in contrast to the N415.10/$1 it was traded on Thursday at the investors window. At the final trading session of the week, a turnover of $99.14 million was recorded as against the $129.54 million achieved

By Aduragbemi Omiyale The management of Computer Warehouse Group (CWG) Plc has been commended for adhering to higher corporate governance and regulatory compliance. This commendation was given by the chief executive of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, at the Facts-Behind-the-Figures on Wednesday in Lagos. The NGX chief, represented by the Divisional Head of Capital Markets at the NGX, Mr Jude Chiemeka, said it was nice for CWG to engage the capital market stakeholders for the presentation of its financial performance, strategic, and operational developments, an action he said encourages transparency and price discovery, which will positively impact

By Modupe Gbadeyanka On Friday, June 29, 2018, some schools in Nigeria received some forms of empowerment from Microsoft Nigeria and Sidmach Technologies. On that day, both organisations held an event tagged ‘Digital Transformation in Education’ to teach officials of the selected schools on world-class technological innovations that can aid effective management. The event, which held at Radisson Blu, Ikeja GRA, Lagos, offered Proprietors, Principals, Head Teachers, IT Directors and other high-level school administrators, first-hand encounter with Microsoft’s Imagine Academy, Sidmach’s Smart School solution and SEAMs. Educations Program Manager, Microsoft Nigeria, Ms Jordan Belmonte, introduced to participants Microsoft’s ‘Imagine Academy,’

By Adedapo Adesanya As COVID-19 cases nears 900 in Nigeria, Governors of the 36 states of the federation have agreed to restrict inter-state movement for two weeks. This is part of efforts to curtail the spread of the contagion. This decision was reached at a virtual meeting of the Nigeria Governors’ Forum (NGF) held on Wednesday, April 22. The Governor of Ekiti State and NGF Chairman, Mr Kayode Fayemi, said the decision had been taken due to the increasing evidence of community transmission of the virus. In a communique issued at the end of the meeting, it was stated that,

By Investors Hub The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to see further upside following the notable advance seen last week. Early buying interest is likely to be generated by continued optimism about U.S.-China trade talks as well as upbeat Chinese manufacturing data. Official data showed Chinese manufacturing activity unexpectedly grew for the first time in fourth months in March. A private survey also showed the manufacturing sector in the world’s second biggest economy returning to growth. Additionally, Beijing has announced that it will continue to suspend additional tariffs on U.S.

The President of the Children’s Heart Foundation, Ghana, Mrs Jacqui Akomka-Lindsay, has praised GTS Drilling and others for supporting the organisation over the years. According to her, over 200 children are diagnosed with congenital heart diseases annually in the country, and their families cannot pay $6,000 to $10,000 for surgery. She noted that the exploration and drilling company and others have always made efforts to support patients with funds to carry out surgeries. Speaking at the organisation’s annual fundraiser ball, she emphasised that it takes benevolent and kind-hearted individuals and organizations to aid children with heart defects. “At this juncture,