CNPP Alleges Plot to Rig 2023 Elections, Puts Nigerians on High Alert

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

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 Okechukwu Keshi Ukegbu Recently, the Abia House of Assembly invited the management of Enugu Electricity Distribution Company (EEDC) to explain its poor power supply to the consumers and other operations. The invitation came on the heels of a matter of urgent importance by the Speaker of the House, Mr Chinedum Orji, and was provoked by the company’s shoddy operations in the region which includes poor power supply and estimated billing system which is a ploy designed by the company to exploit its consumers. On the increasing list of the company’s misdemeanours is that it does not repair or replace

By Dipo Olowookere Moody’s Corporation has announced completing the acquisition of Bureau van Dijk, a global provider of business intelligence and company information. The acquisition strengthens Moody’s position as a leader in financial risk data and analytical insight. Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017 and, on July 28, 2017, that it had received clearance under the EU Merger Regulation from the European Commission. Bureau van Dijk aggregates, standardizes and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies. It has partnerships with more than

Recent years have witnessed a significant surge in the popularity of Contract for Difference (CFD) trading in South Africa. In light of this evolving market dynamic, Traders Union experts conducted a meticulous examination of the top CFD trading platforms catering to the South African market. Their insightful findings aim to assist novice and experienced traders in navigating through various platforms, each boasting unique offerings and services. The experts considered numerous best CFD trading platforms in South Africa to ensure an unbiased assessment, eventually identifying a select few that demonstrated outstanding performance across all assessment criteria. A multifaceted approach, including comprehensive

By Modupe Gbadeyanka Henceforth, principals and teachers in Oyo State involved in any form of examination malpractices in the West African Examination Council (WAEC) would be severely dealt with. This threat was given by the Oyo State government after the exam agency indicted some schools in the state of malpractices with the alleged connivance of teachers. The Commissioner for Education, Science and Technology, Mr Rahman Abiodun Abdu-Raheem, while reacting to the issue, said the conduct of the affected schools in the recently released result in the state was embarrassing. The Commissioner condemned such acts of corruption and malpractices, vowing that

By Ahmed Rahma The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has explained why the federal government is bent on selling some national assets despite oppositions to this. Mrs Ahmed, while speaking on Friday on Channels Television’s Sunrise Daily, disclosed that the sale of these “moribund” government properties would benefit Nigerians and boost the nation’s economy. She argued that some of these controversial governments assets were currently moribund and provide little or no value to Nigerians in their current state. “There are some government assets that are dead that can be sold to the private sector to

By Adedapo Adesanya An improvement in the crude oil output in Nigeria has eased the pressure on the Naira against its peers in the foreign exchange (forex) market, Business Post reports. Nigeria, which mainly depends on the sale of oil for FX earnings, has struggled lately with revenue as a result of the stealing of the commodity. This has put a strain on the external reserves and has made it difficult for the country to meet its forex demands. But the latest development showed that the crude oil production had improved significantly in the past month, as the country now

By Modupe Gbadeyanka On December 1, 2016, President Xi Jinping of China held talks at the Great Hall of the People with President Ernest Bai Koroma of Sierra Leone. At the meeting, the two leaders decided to upgrade China-Sierra Leone relations to a comprehensive strategic cooperative partnership and take the implementation of outcomes of the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) as an opportunity to comprehensively expand and deepen bilateral friendly as well as mutually beneficial cooperation in various fields, so as to better benefit the two peoples. Xi Jinping pointed out that since the establishment of

By Modupe Gbadeyanka On Friday, the Central Bank of Nigeria (CBN) changed the exchange rate of the Naira to the Dollar at its official window from N307/$1 to N360/$1, signalling a devaluation after an initial denial. The interbank exchange rate is the rate the apex bank sells foreign exchange to federal government and its agencies as well as some companies. The rate is different from the market rates. But the CBN Governor, Mr Godwin Emefiele, has said the local currency was not devalued, emphasising that the exchange rate was only readjusted to reflect the current global realities. Mr Emefiele made