June 12: NUPENG, PENGASSAN Urge Buhari to Honour Past Leaders

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya The federal government has declared Monday, October 2, 2023, a public holiday to celebrate Nigeria’s 63rd Independence Day, which falls on Sunday, October 1. The Minister of Interior, Mr Olubunmi Tunji-Ojo, made this known in a statement signed by the ministry’s Permanent Secretary, Mrs Oluwatoyin Akinlade, in Abuja on Thursday. Mr Olubunmi acknowledged the global socio-economic hardship, noting that Nigeria is not excluded. He, however, reasserted the government’s commitment to tackling the issues facing the country to reassure Nigerians. “It is today a known fact that difficult Socio-Economic and Security challenges are global, and Nigeria is not

By Adedapo Adesanya The House of Representatives has urged the Federal Ministry of Power and the Transmission Company of Nigeria (TCN) to urgently provide funds for the completion of the Okpai–Kwale Transmission Line Project in Delta State. At the plenary on Tuesday, the lower chamber of the parliament mandated its Committee on Power to ensure that bottlenecks mitigating against the completion of the project are effectively addressed and the project is completed in due time. This followed a motion moved by Mr Nnamdi Ezechi, the lawmaker representing Ndokwa/UKwuani Federal Constituency in the National Assembly on the floor of the green

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 Modupe Gbadeyanka Stakeholders in the Creative Industry have requested the Central Bank of Nigeria (CBN) to float a N400 billion Stimulus Capital Fund to support the growth and development of the industry in the country. This appeal was made in Abuja on Tuesday when the Minister of Information and Culture, Mr Lai Mohammed, led stakeholders in the sector to make a presentation to the CBN Governor, Mr Godwin Emefiele, on the challenges and prospects of the industry. The Minister said, “I have watched over the years how the CBN has really been the catalyst in promoting agriculture, the health

By Modupe Gbadeyanka The board of NEM Insurance Plc has said it plans to raise an additional capital aimed to improve operations of the company. In a statement issued by the firm, it was disclosed that the amounted needed for now is about N2.640 billion, which would be raised through issuing of additional shares of the insurer. NEM Insurance said it wants to issue new 1.056 billion ordinary shares of 50 kobo each at N2.50k per unit by a Special/Private Placement. However, before this can be done, the board is seeking authorisation of shareholders of the company. This approval would

By Investors Hub Despite uncertainty about a U.S.-China trade deal and ongoing unrest in Hong Kong, European stocks are moving higher on Tuesday, with investors tracking economic data, earnings reports and other corporate news for direction. Automobile, banking and resources stocks are among the prominent gainers. While the French CAC 40 Index has edged up by 0.2 percent, the German DAX Index and the U.K.?s FTSE 100 Index have jumped by 1 percent and 1.1 percent, respectively. In the U.K. market, Halma shares have moved sharply higher after the company said its adjusted profit for the first-half rose 14 percent

By Dipo Olowookere The need for President Muhammadu Buhari to urgently approach those who know how to positively turn around the economy has been emphasised. This was the position of the Emir of Kano, Mallam Muhammad Sanusi II, when he visited the Government House in Kano. The monarch, who spoke on Wednesday during the traditional Sallah Durbar (Hawan Nasarawa) in Kano, said the President must act now to salvage the country from its present mess. The former Governor of Central Bank of Nigeria (CBN) also called on influential and wealthy Nigerians to do everything possible within their power to help

By Comrade Oladimeji Odeyemi At the inception of the President Muhammadu Buhari administration, one thing was clear to all, here was a soldier’s soldier coming to tackle a most difficult and daunting task of winning the war against terrorism. Before the Buhari administration came into the office, the previous administration for the most part of its six years of existence had battled, albeit unsuccessfully the Boko Haram terror group,  adjudged as one of the deadliest, if not the deadliest in the world. Such was the enormity of this task. Although the reins of governance fell into Buhari’s way through a

By Kevwe Onokerhoraye Imagine this: Mr Okeke runs a small grocery store in the bustling city of Lagos, Nigeria. He has been in business for several years, and his shop is an integral part of the local community. Yet, like many small business owners in the informal sector, Mr Okeke faces a significant hurdle: accessing credit to grow his business. For many, credit can seem like a double-edged sword, promising growth on one hand but harbouring the risk of debt on the other. However, with the right approach, credit can be a powerful tool that propels a business forward without

By Dipo Olowookere The cooperation of the Economic Financial Crimes Commission (EFCC) has been sought by the management of Jaiz Bank Plc. The financial institution explained that it requested for the agency’s backing because the war against corruption requires a collective effort. According to the Managing Director of the bank, Mr Hassan Usman, the support of the EFCC is needed in the area of fighting economic and financial crimes. Mr Usman, who led a team of top management staff to the Abuja headquarters of EFCC on Thursday, February 23, 2017, said “we are asking for more support in fighting corruption

By Modupe Gbadeyanka The owner of Hilton Hotel in Ile-Ife, Osun State, Mr Rahman Adedoyin, has been sentenced to death by hanging over the death of a postgraduate student of Obafemi Awolowo University, Ile-Ife, Mr Timothy Adegoke. Mr Adegoke was murdered in his hotel in 2021 after he lodged in the facility. His corpse was moved away from the hotel and hurriedly buried in the vicinity. The hotelier was arrested and has arraigned in court. On Tuesday, according to Vanguard, the Osun State Chief Judge, Justice Oyebola Ojo, found Mr Adedoyin culpable in the murder of the deceased. The judge