Court Orders CBN to Unfreeze 20 #EndSARS Protesters’ Accounts

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

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 Bliss Okperan The Commissioner for Physical Planning and Urban Development in Lagos State, Mr Oluyinka Olumide, has debunked claims that the ongoing demolition of illegal buildings in the metropolis was targeted at the South-Easterners by Governor Babajide Sanwo-Olu administration. It was alleged that the state government was pulling down structures belonging to residents of the state from the Igbo extraction because of their protest votes in the 2023 governorship election. Speaking as a guest on Wednesday on Channels Television’s flagship breakfast programme, Sunrise Daily, Mr Olumide disclosed that, “Those buildings causing uproar are buildings rushed during the COVID period

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

By Modupe Gbadeyanka Federal Government has disclosed that it plans to employ additional 350,000 unemployed graduates under its N-Power Volunteer Corps of the Social Investment Programmes (SIP). In view of this, the President Muhammadu Buhari-led administration has requested from the National Assembly an appropriation of N157.75B in the 2017 budget estimates for the N-Power scheme. This comes as different sections of the executive arm of the FG are now defending the 2017 budget proposals before the legislature. The N-Power is just one of the many SIPs that has so far drawn the interest and praise of Nigerians across board. Out

By Dipo Olowookere Transactions on the Nigerian Stock Exchange (NSE) closed 1.66 percent lower on Monday after investors embarked on profit taking. The loss took out the gains posted by the local bourse last Friday. The All-Share Index (ASI), which closed at 31,041.42 points last Friday, decreased yesterday by 509.73 points to finish at 30,531.69 points. In the same vein, the market capitalisation depreciated by N150 billon yesterday to settle at N11.522 trillion against N11.672 trillion it ended the previous session. During trading yesterday, the volume of shares traded by investors increased by 546.06 percent from 266.9 million to 1.7

By Dipo Olowookere The executive chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair, has said about 70 per cent of the state’s Internally Generated Revenue (IGR) comes from taxes paid by individuals and organisations doing business in the metropolis. Mr Subair made this disclosure when he received the Managing Director of New Telegraph Newspapers, Mr Ayodele Aminu, and the Daily Editor of the media platform, Ms Juliet Bumah, in his office in Alausa, recently. The management of the Daily Telegraph Publishing Company Limited, publishers of New Telegraph Newspapers, visited the LIRS chief to inform him of

By Dipo Olowookere A new ‘convert’ is joining the Nigerian Stock Exchange (NSE) very soon and the company is Briclinks Africa Plc, Business Post can authoritatively confirm. Briclinks Africa Plc is a telecommunication company based in Abuja that empowers businesses and homes to thrive in a connected world through the provision of broadband data, voice system, upgrade and maintenance and other communications and cloud-based industry solutions, and integrated services. Over the weekend, in a regulatory document sighted by Business Post, it was confirmed that the approval for the listing of the company’s shares has been secured. But Briclinks Africa is

By Adedapo Adesanya Brent Crude went close to $35 per barrel on Friday after traders renewed hopes in the oil market, with talks of a cut in the work when oil producers meet on Monday. Brent crude oil rose by 16.7 percent or $5.01 to $34.95 per barrel on Friday night while West Texas Intermediate crude oil rose 14.1 percent or $3.57 to $28.89 per barrel. Prices started making upward movement on Thursday on indications that Saudi Arabia and Russia may end their oil price war following US intervention. US President Donald Trump said he expected the two sides to

By Adedapo Adesanya Transactions at the NASD Over-the-Counter (OTC) Securities Exchange opened bullish on Monday after the bulls sustained their grip by 0.16 per cent on the back of gains posted by three securities. The trio; Niger Delta Exploration and Production (NDEP) Plc, Central Securities Clearing Systems (CSCS) Plc, and FrieslandCampina WAMCO Nigeria further elevated the market capitalisation by N1.63 billion to N1.008 trillion from the previous session’s N1.001 trillion. Also, the NASD Unlisted Securities Index (NSI) appreciated by 1.24 points to end the day at 768.52 points as against the 767.28 points it recorded in the previous session. Business

By Adedapo Adesanya A judgement delivered on Thursday, September 10 in the United Kingdom has ordered Process and Industrial Developments (P&ID) Limited to make the payment of more than £1.5 million to Nigeria within 21 days to cover legal costs in an ensuing legal battle between both parties. A UK judge gave the order following a hearing held to decide procedural and costs issues relating to Nigeria’s applications to challenge the arbitration award of $9.6 billion last year and to also determine the short-term directions to trial. This latest order follows the major victory it secured on September 4 when

By Dipo Olowookere Nigeria’s banking industry will continue to grow in sophistication, innovation and strength as the youth demography becomes significant in driving the future of banking, Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings PLC, has said. Such significance will ride on the back of more enlightenment powered by such initiatives as the financial literacy project of the Central Bank of Nigeria (CBN), the bank said. Mentoring students of Government College, Umuahia, Abia State, in commemoration of the 2017 Financial Literacy Day, Chief Executive of Stanbic IBTC Bank, Dr Demola Sogunle, emphasized that having a solid foundation