#EndSARS: UN Calls for End to Police Brutality

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against President Bola Tinubu over his failure to stop the former governors now serving as ministers in his administration from collecting life pensions and other retirement benefits from their states. The ministers mentioned in the suit are Mr Badaru Abubakar, Mr Nyesom Wike, Mr Bello Matawalle, Mr Adegboyega Oyetola, Mr David Umahi, Mr Simon Lalong, Mr Atiku Bagudu and Mr Ibrahim Geidam. In the suit number FHC/L/CS/1855/2023 filed last Friday at the Federal High Court in Lagos, the ministers are to be joined in the suit

By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Modupe Gbadeyanka A socio-political group known as Save Enugu Group has congratulated Governor Peter Mbah of Enugu State on his recent Supreme Court victory. The organisation described the victory as well-deserved, urging politicians in the state to join forces with the governor to move the state forward. Last Friday, the country’s apex court dismissed an appeal filed by the candidate of the All Progressives Congress (APC) in the governorship election in the state, Mr Uche Nnaji. The opposition party challenged the victory of Mr Mbah of the Peoples Democratic Party (PDP) in the March 18, 2023, gubernatorial poll, asking

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By Modupe Gbadeyanka Nigerian businessman and Chairman of Ibeto Group, Mr Cletus Ibeto, has promised to establish a new cement factory in Nkalagu under Ishielu local government area of Ebonyi State. Mr Ibeto made this pledge when he visited Governor David Umahi of Enugu State alongside some American investors in the state to work towards the revitalisation of the Nigeria Cement Company (Nigercem) also in Nkalagu. During the visit, the business mogul thanked Governor Umahi for the enormous support it has been receiving from the state government towards the revitalization of NIGERCEM. He added that with America’s support as financiers

By Dipo Olowookere Minister of Information and Culture, Mr Lai Mohammed, has hailed the revival of the centuries-old ‘Ijakadi Festival’ by the Offa Kingdom in Kwara State, assuring that the festival will be one of the beneficiaries of the training for festival managers being planned by the Ministry in collaboration with its partners. The Minister gave the assurance in Abuja on Wednesday when he received a delegation of the Offa Descendants Union (ODU), which came to formally invite him to the festival, scheduled for Offa on December 29, 2016, on behalf of the town’s monarch. He said the decision to

By Dipo Olowookere Treasury bills worth N148.16 billion will this week mature via the primary market and investors and analysts expect this to provide the needed boost in financial system liquidity with resultant decline in interbank lending rates. The market is expected to resume trading today, Wednesday, December 27, 2017, after the Christmas break observed on Monday and Tuesday. The N148.16 billion maturing bills this week is coming after bills worth N136.39 billion, viz: N92.56 billion via Open Market Operations (OMO) and N43.84 billion via primary market matured last week at the market. According to analysts at Cowry Asset, last

By Adedapo Adesanya The Investors & Exporters (I&E) window of the foreign exchange market recorded a significant increase in turnover on Thursday, April 8. However, the Naira came out stronger against the United States Dollar unlike the previous session, where it closed weaker despite a decline in FX demand by customers at the market segment. Yesterday, transactions valued at $93.69 million were recorded in contrast to $11.85 million achieved at the preceding trading session, indicating an increase by 690.6 per cent or $81.84 million. Despite this, the Naira was strengthened against the greenback by N1.35 or 0.33 per cent to

By Adedapo Adesanya Shell-funded impact investment company, All On, has announced a $500,000 investment in Greenage Technologies Power Systems Limited to fund the construction and expansion of its charge controller and inverter manufacturing facility in Enugu State in South-Eastern Nigeria. “We’re delighted to receive this support from All On that will reduce the cost of solar energy components through local manufacturing,” said Mrs Ogechukwu Uchechukwu, co-founder and Head of Business Development, Greenage Technologies. “This investment will help Greenage realize its aim of becoming Africa’s largest solar electronics manufacturer by doubling its existing manufacturing capacity for inverters, charge controllers, and the

By Dipo Olowookere The embargo earlier placed on the shares of African Alliance Insurance Plc has now been lifted by the Nigerian Stock Exchange (NSE). Trading in the equities of the insurance company was initially suspended on the local bourse following failure of the firm to adhere to listing rules. African Alliance Insurance was among the eight companies suspended from trading their shares at the NSE on July 5, 2018. They had failed to comply with Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of the NSE, which required them to file their financial statements

By Modupe Gbadeyanka United Africa Company (UAC Foods), makers of the popular Gala sausage roll, has introduced a bigger package of the same product into the Nigerian market. At a press briefing held in Lagos recently, the company explained that it introduced the Gala mega sausage roll into the market in direct response to the yearnings of its consumers, who have asked for more. The Gala mega sausage roll is twice the size of the regular sausage roll and it sells for twice the price of the former. General Manager (Marketing) of UAC Foods, Mrs Joan Ihekwaba, while addressing newsmen