Court Flings Okorocha’s Bail Request

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

By Adedapo Adesanya Nigeria has put the presidential aircraft, Falcon 900B, up for sale with the Nigerian Air Force (NAF) asking interested persons to submit their bids for the purchase of the aircraft. It was not disclosed how much the craft would be sold, according to a tweet on the official Nigerian Air Force page on X, formerly known as Twitter, where it said the aircraft was put up for sale following the federal government’s approval. “The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” NAF said in a

By Modupe Gbadeyanka The Nigerian Army has claimed responsibility for the killing of some villagers of Tudun Biri in Kaduna in an air strike. Reports earlier went viral that operatives of the Nigerian Air Force bombed the villagers during a Maulud celebration but authorities of the air force debunked the reports, saying its men were never involved in such. However, the Nigerian Army has said it was involved in the bombing, which it said was a mistake because it was going after some terrorists in the area. The Kaduna State government, in a statement issued on Monday by its Overseeing

By Adedapo Adesanya  PricewaterhouseCooper (PwC) Nigeria has commended the country’s move towards fixing its copious electricity challenges with the Electricity Act 2023 and proposed key amendments that will ensure the issues are faced head-on, At the 14th edition of its Annual Power and Utilities Roundtable, with the theme The Electricity Act 2023: Powering Nigeria, the Partner and Energy, Utilities and Resources Leader at PwC Nigeria, Mr Pedro Omontuemhen, noted that, “The 2023 power roundtable’s timing coincides with the ongoing COP 28 in Dubai, highlighting the urgent need for continued action on climate change especially in the area of renewable energy.”

By Jerome-Mario Chijioke Utomi Similar to history, which according to historians, is an unending dialogue between the present and the past through a continuous process of interaction between the historian and his facts to assist the anxious enquirer improving the present and future based on a clearer understanding of the mistakes and achievements of the past, the conversion on electricity power supply challenge in the country has like history, become neither unending nor abating. Essentially, the first half of this recurring circle was captured recently in my piece titled FG’s Assurance on Generation of 25,000MW Electricity, as it explains why

By Modupe Gbadeyanka The first batch of pension contributors who applied for mortgage loans through Stanbic IBTC Bank has been processed, and the funds disbursed to them to enable them to achieve their dreams of being homeowners. Recall that recently, the National Pension Commission (PenCom) released guidelines that allow contributors to use up to 25 per cent of their contributions as equity to purchase a home in their preferred location. The Central Bank of Nigeria (CBN) then advised financial institutions to support this initiative, and Stanbic IBTC Bank keyed into it and processed the specialised mortgage loans for pension contributors.

By Modupe Gbadeyanka Residents of Kano have received free pre-paid metres installed into their homes by the Kano Electricity Distribution Plc (KEDCO). This, KEDCO explained, is in line with its determination to deliver free meters to all customers in its franchise area of Kano, Katsina and Jigawa States. In a statement issued by the company’s spokesperson, Mr Mohammed Kandi, KEDCO said it plans to move to Nassarawa district soon, having metered about 6, 947 in the ongoing meter deployment exercise. It also recalled that the exercise precedes the launch of pole/wall mounted meter deployment plan in Kabuga by the minister

By Dipo Olowookere The stocks of Dangote Cement and 11 other companies abruptly ended the dreams of the local stock market closing in the green territory on Tuesday. At a point during the session, the Nigerian Stock Exchange (NSE) was up by over one percent, but the dumping of the cement company’s shares by investors crashed the market by 0.71 percent at the close of transactions. The losses printed by the 12 stocks reduced the All-Share Index (ASI) by 162.12 points to 22,543.07 points from 22,705.19 points and then depleted the market capitalisation by N84 billion to N11.748 trillion from

By Modupe Gbadeyanka A growth rate of 1.2 percent has been predicted by the World Bank for Nigeria’s economy in 2017, Business Post has learnt. The global financial institution, in its Global Economic Prospects for June 2017 released this week, said it expects the Africa’s second biggest economy to rise to 2.4 percent in 2018 and 2.5 percent in 2019, when the country goes to the polls to elect a new leader. According to the World Bank, militants’ attacks on oil pipelines in Nigeria have decreased, causing oil exports to rebound on the back of an uptick in oil production

By Modupe Gbadeyanka The 2019 edition of the Rugby Africa Silver Cup earlier scheduled to take place in Lagos has been cancelled by the organisers. A statement from the Nigeria Rugby Football Federation (NRFF) at the weekend explained that the cancellation became imminent following Kwese Sports premature termination of sponsorship contract leaving Rugby Africa without adequate funding for the year 2019. President of the Rugby Africa, Mr Khaled Babbou, has already notified unions on the decision of Rugby Africa executives to cancel this year’s Silver Cup. According to the NRFF, the competition was due to hold at the Lagos Polo

By Modupe Gbadeyanka In the spirit of the festive season and to give back to society, a leading B2B e-commerce platform in Nigeria, Alerzo Limited, has donated an undisclosed amount of money to burn survivors through the Sebastine Foundation for Burn Survivors. Speaking at the unveiling of the foundation in Lagos, the CEO of Alerzo, Mr Adewale Opaleye, stated that the gesture was to help victims of societal hazards regain their sense of belonging and become productive citizens. “As a business that is fully involved in daily activities of small enterprises, we know what it means for people to make

By Adedapo Adesanya Nigeria is working on a strategy to integrate other infectious diseases into the genomic surveillance in the country. This follows the advantage that genomic sequencing technology enhanced the fight against COVID-19 globally. The strategy is intended to improve preparedness and reinforce health security in Nigeria. These efforts align with the World Health Organisation’s (WHO) Global genomic surveillance strategy for pathogens with pandemic and epidemic potential 2022–2032 that provides the procedure to strengthen and scale up genomic surveillance worldwide. Contributing to the plan, the Ministry of Health, with support from WHO, recently conducted a situation analysis of COVID-19