Lagos Pensioners Get N18.5b

By Adedapo Adesanya  The Senate and the House of Representatives will on Tuesday resume plenary after weeks of vacation with expectations that they will attend to correspondences from President Bola Tinubu. The upper chamber adjourned for a six-week annual recess on August 17 after confirmating 45 out of the 48 ministerial nominees of President Tinubu. The Senate President, Mr Godswill Akpabio, also announced the composition of 74 standing committees on that day. Upon resumption, the Senate will commence its legislative duties by attending to correspondences from the President requesting the confirmation of some appointments he made. The appointments include those

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

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 Modupe Gbadeyanka One of the big five lenders in Nigeria, Access Bank Plc, on Thursday released details of its financial statements in the first nine months of 2017 to the Nigerian Stock Exchange (NSE). The financial institution reported a profit before tax (PBT) of N72.9 billion in the period under review against the N68.9 billion it achieved in the corresponding period of 2016. In addition, the bank’s profit for the period slightly increased, closing at N56.4 billion in contrast to N54.1 last year. In the financial results, Access Bank recorded an interest income of N245.9 billion in the period

By Adedapo Adesanya Nigeria’s inflation rate for July 2021 dropped for the fourth consecutive month to 17.38 per cent from the 17.75 per cent recorded in June 2021. According to the latest Consumer Price Index Report for July released by the National Bureau of Statistics (NBS), this happened because of a slower rise in the prices of food. The data showed that food inflation declined to 21.03 per cent from 21.83 per cent recorded in the previous month, implying that food prices continued to rise in July 2021 but at a slower speed than in June 2021. According to the

By Adedapo Adesanya The Nigeria Centre for Disease Control and Prevention (NCDC) on Saturday night reported 13 new cases of COVID19, bringing total cases in the country to 318, and death toll to double digits of 10. The agency confirmed that from the fresh cases, 11 were discovered in Lagos State as the state continues to increase by the day. Other cases were discovered in both Delta and Kano States. With the addition of the two states, the virus has now spread to 19 of the 36 states of the federation. “As at 9:30pm 11th April there are 318 confirmed

By Adedapo Adesanya Nigeria, among other oil-producing nations, still faces a tighter oil revenue as the Organization of the Petroleum Exporting Countries (OPEC) October Month Oil Market Report (MOMR) revised demand lower by 80,000 barrels a day in 2021. OPEC forecast growth of 6.5 million barrels a day, with the cut largely reflecting a lower growth outlook for both developed and emerging market regions compared to the September forecast. World oil demand has been affected by the biting effect of the coronavirus pandemic, resulting in a market glut and an eventual crash in oil prices. Despite assurances that the worst

By Dipo Olowookere The gains posted last Friday by the Nigerian Exchange (NGX) Limited were reversed on Monday after the trading platform retreated by 0.83 per cent at the close of business. The poor performances put up by Access Holdings, BUA Cement, International Breweries and others contributed to the downfall of the stock exchange on the first trading session of the new week and month. The All-Share Index (ASI) receded by 419.93 points to 49,950.32 points from 50,370.25 points, while the market capitalisation depreciated by N227 billion to N26.936 trillion from N27.163 trillion. Analysis showed that equities in the industrial

The casino business is one of the most profitable in the world, but it can be a bit difficult to open one, depending on where you live. There are numerous countries around the world where gambling is forbidden which is why many people from these countries use VPNs to visit websites from other countries and play there. This only means that people will always find a way to play an online casino no matter what. One of their biggest advantages is that they are going towards the technology, and they are constantly updating the gameplay. This can’t be said for

By Adedapo Adesanya The NASD Over-the-Counter OTC Securities Exchange ended the first trading session of the month of November on a bearish note. The NASD Security Index declined by 1.6 per cent or 11.65 points yesterday to settle at 718.57 points compared with 730.22 points it stood at the last session. As a result of the presence of the bears at the unlisted securities market on Monday, investors lost N8.55 billion as market capitalisation dropped to N527.84 billion from the previous day’s value of N536.39 billion. The fall at the bourse was caused by the negative price movement of FrieslandCampina

By Adedapo Adesanya Pressure is beginning to mount on the Naira again at the parallel market and on Monday, it further depreciated by N3 against the US Dollar. Business Post reports that the local currency was traded at the unregulated segment of the market yesterday at N527/$1 compared with N524/$1 it was sold last Friday. Also, at the same segment, the domestic currency lost N2 against the Pound Sterling as it traded at the rate of N715/£1 in contrast to N713/£1 of the preceding session. The Naira took a heavier beating at the black market on the first trading session of