Election Tribunal: Sokoto Governor to Know Fate Saturday

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Adedapo Adesanya Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ) following the signing of a fresh arrangement. The agreement was signed in the presence of the Managing Director of Tata International Limited, Mr Anand Sen, by the Managing Director of Tata Africa Holdings Pty Ltd, Mr Len Brand. This move will help Tata International build on its existing relationship in the country since 2006 when it established operations in Nigeria. “As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to

By Bliss Okperan Operatives of the Nigeria Police Force (NPF) have fired tear gas at journalists and some protesting members of the Judiciary Staff Union of Nigeria (JUSUN) in Osun State. The judicial workers were at the entrance of the Osun State High Court in Osogbo when the security operatives fired teargas to disperse them. According to reports, some members of the media present at the high court were entangled in the crossfire as the police insisted on clearing the way to allow the Chief Judge of the state access to her office on Wednesday. It was gathered that newsmen

By Adedapo Adesanya With deep consideration to the COVID-19 pandemic on economic activities, the Central Bank of Nigeria (CBN) has announced extending deadline for the recapitalisation of microfinance banks (MFBs) in the country. This announcement was made in a circular with reference number FPR/DlR/GEN/ClR/07/054 entitled Re: Review of minimum capital requirements for microfinance banks in Nigeria. It read in parts, “The Central Bank of Nigeria has extended the deadlines for compliance with the revised minimum capital requirements for all categories of the MFBs by one year as follows: “The MFBs operating in rural, unbanked and under-banked areas (Tier 2) shall

By Olusanya Anjorin The incessant crime against women in Nigeria is on the increase. The cock no longer makes a serrated noise before raping a chicken, the lizard no longer bowed obediently to its female folks before devouring it like a dinner. This crime has been classified as the worst crime against womanhood in recent times. The case of Vera Uwaila Omozuwa in Benin City was a spark that ignited the concerns for rape victims in Nigeria. Vera Uwaila Omozuwa, a 22-year-old microbiology student, has consistently sought the quietness of her empty church in Benin City, southern Nigeria, as a

By Dipo Olowookere The management of Savannah Petroleum Plc has announced the change of name of the company to Savannah Energy Plc. The rebranding, according to a statement issued by the firm, was done to majorly reflect its asset portfolio and business model development in recent times. Savannah Energy is a British independent oil and gas company focused around activities in Nigeria and Niger. As a result of the change, trading in the company’s shares on AIM will commence under the new name Savannah Energy PLC and the company’s ticker will change to SAVE with effect from 8am of Monday,

By Modupe Gbadeyanka In the coming weeks, Meta, the parent company of WhatsApp, Facebook and Instagram, will test-run a new feature known as Community Chats, on its Messenger and Facebook. The founder of the company, Mr Mark Zuckerberg, confirmed this development in a message, noting that the feature allows users to engage themselves in real-time. “We will begin testing the ability for people to start Community Chats in Messenger in the coming weeks, allowing people to create a Facebook Group, start chats and audio channels, and invite others to join their new group all within the app. “We’ll also be

By Dipo Olowookere United States-based rating agency, Fitch Ratings, has expressed worry about the sharp increase in the debt to revenue ratio of Nigeria. A director at Fitch, Mr Mahmoud Harb, informed Reuters in a chat that this and another factor could force his organisation to further downgrade the rating of Africa’s largest economy. Mr Harb listed the other factor that could trigger a rating lowering as a rising decline in the foreign exchange inflows into the country, which is mainly derived from crude oil sales. According to Fitch, Nigeria will need not less than $23 billion to meet its

By Aduragbemi Omiyale A new branch of Titan Trust Bank Limited has been opened in the Apapa area of Lagos State as part of efforts to offer customers an endearing experience. The state-of-the-art branch located on 17, Burma Road, Apapa, Lagos, opened for commercial operations last week, a statement from the lender said. The opening of the new branch is coming after the financial institution recently opened its Ikeja branch to provide financial service to micro, small and medium scale enterprises (MSMEs) within the axis. The new branch, according to the notification, provides a full suite of banking products and

By Kestér Kenn Klomegâh From various interpretations, Russia is taking advantage of the past Soviet-era connections, Africa’s growing dissatisfaction and disappointment with the Western world, but its economic influence remains marginal compared to other key foreign players. Despite the fact that Western and European are experiencing falling influence, they are still far ahead of Russia, especially considering its global status. China is the main player in the continent. Russia has sought to convince African leaders, the elites and the middle class over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial masters and the

By Adedapo Adesanya Indorama-Nigeria, the parent company of Indorama Eleme Petrochemicals and Indorama Fertiliser, has disclosed that its molecular laboratory accredited by the Nigeria Centre for Disease Control (NCDC) will help to fight the COVID-19 pandemic in Rivers State and by extension, Nigeria. The NCDC on Thursday announced that it has accredited five new molecular laboratories across the federation, bringing the total to 58 labs in 30 states. Apart from Indorama Company Molecular Lab, located in Port Harcourt, Rivers, the other four laboratories accredited for the testing of COVID-19 in the country yesterday by NCDC were the Edo Specialist Hospital,