Governor Akeredolu Not Dead–Ondo Commissioner

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Adedapo Adesanya Nigeria’s former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who faces bribery charges filed against her by the United Kingdom (UK) government, was on Monday granted bail in a London court. Reading his judgement, District Judge Michael Snow granted her bail in terms and conditions, including a curfew that ordered her to stay indoors between 11 pm and 6 am. He also ordered her to always wear an electronic tag and imposed a £70,000 surety to be paid before she could leave the court building on Monday. According to Reuters, the former minister, during her Monday appearance

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Jerome-Mario Chijioke Utomi History does matter and has shown clearly that ordinary calculation can be upturned by extraordinary personalities. Working under this assumption, it will not be considered an overstatement to conclude that the People Democratic Party (PDP) is set to upturn the present political calculation in Nigeria. For the sake of clarity, it is important to underline that the above assertion is not anchored on, or a function of the below-average performance of the current federal government which daily manifests in areas such as; ‘continued state of insecurity in the country, the persistent and ceaseless flow of Nigerians

By Dipo Olowookere Payment Service Banks (PSBs) operating in the country have been directed not to grant loans to their customers because they are not authorised to do so. This directive was contained in the guidelines for licencing and regulation of PSBs released a few days ago by the Central Bank of Nigeria (CBN). In the guidelines analysed by Business Post, the apex bank said operators in the sector “shall not…grant any form of loans, advances and guarantees (directly or indirectly)” in the country, stressing that “as such, the provisions for the management of credit risk applicable to Deposit Money

By Dipo Olowookere A group known as APC Youths Renaissance has warned those it called “political detractors” to leave Minister of Women Affairs, Mrs Aisha Alhassan, alone. This followed a video making the rounds showing the Minister endorsing the 2019 presidential ambition of former Vice President, Mr Atiku Abubakar. In a statement signed by its National Secretary, Mr Collins Edwin, the group said it was wrong to accuse Mrs Alhassan of disloyalty to the present administration of President Muhammadu Buhari. In the statement, the APC group said Mr Buhari would have been very suspicious of Mrs Alhassan if she had

By Adedapo Adesanya The total value of capital importation (foreign investment inflows) into Nigeria rose by 53.97 percent to $5.9 billion in the first quarter of 2020, the latest figures released by the National Bureau of Statistics (NBS) said on Tuesday. Despite an increase to the capital importation figures in the first three months of this year over the same period of 2019, there was a 31.2 percent decrease in the amount of capital brought into the country from overseas.   According to the statistics bureau in the report titled Q1 2020 Capital Importation Report, the largest amount of capital

By Adedapo Adesanya The Lagos State Government has assured residents that the Lagos Rail Mass Transit (LRMT), also known as the red line project, would be completed soon. The Governor of Lagos State, Mr Babajide Sanwo-Olu, in a statement issued by his Chief Press Secretary (CPS), Mr Gboyega Akosile, said the transport infrastructure being developed by the Lagos Metropolitan Area Transport Authority (LAMATA) will have the capacity to transport over 500,000 passengers daily when it becomes operational in the first quarter of next year. The Lagos red line rail will traverse on the standard gauge from Agbado to Oyingbo, in

By Modupe Gbadeyanka Senate President, Mr Bukola Saraki, has been informed that if the nine per cent Communications Service Tax bill currently before the upper legislative chamber of the National Assembly is passed into law, it may deprive about 20 million Nigerians access to telecommunications services in the country. This warning was made when the Association of Telecommunication Companies of Nigeria (ATCON) paid a courtesy visit to Mr Saraki. In a statement issued on Saturday in Lagos by ATCON president, Mr Olusola Teniola, the association appealed to the Senate to use its powers to reduce tax to 0.2 percent from

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed 0.11 per cent higher on Tuesday, August 23, after the value of the trading platform increased by N1.19 billion to N1.113 trillion from N1.112 trillion, and the NASD Unlisted Securities Index (NSI) rose by 0.85 points to end the day at 793.98 points as against 793.13 points it recorded at the previous session. The positive momentum was sustained during the session due to the fortification of the prices of four securities at the NASD OTC securities exchange. Aradel Holdings Plc improved its value by N31 yesterday to sell at N460.00

By Dipo Olowookere As part of its expansion plans, Ellah Lakes Plc is looking to acquire the entire assets and liabilities of an oil palm processing company in Delta State. The management of Ellah Lakes disclosed this information to the investing public on Thursday via the Nigerian Stock Exchange (NSE), where the company trades its stocks. Business Post reports that Ellah Lakes, which primarily deals in the fishing business, has not been having it good lately. In the third quarter of its present financial year ended April 30, 2020, the company generated zero revenue. This was despite acquiring 100 per