Natasha Akpoti-Uduaghan Takes Oath of Office as Senator

Image

By Adedapo Adesanya

Mrs Natasha Akpoti-Uduaghan has taken over as the new senator for Kogi Central at the Nigerian Senate in Abuja.

Mrs Akpoti-Uduaghan, a lawyer and member of the Peoples Democratic Party (PDP), was sworn in as senator at the plenary on Thursday, November 2.

The Senate President, Mr Godswill Akpabio, directed the Clerk of the Senate, Mr Chinedu Akubueze, to administer the oath of office to the new senator at about 11:41 a.m.

After taking the oath of office, Mrs Akpoti-Uduaghan had a handshake with the Senate President, who handed a copy of the Senate standing rules to her.

She, thereafter, exchanged pleasantries with other senators before she was led to her seat by a sergeant at arms.

This followed her presentation with a Certificate of Return by the Independent National Electoral Commission (INEC) as the duly elected Senator for Kogi Central.

Mrs Akpoti-Uduaghan replaced Mr Abubakar Sadiku-Ohere of the All Progressives Congress (APC). She has now become the first female Senator from the North Central State.

In September, the Kogi State Election Petition Tribunal sitting in Lokoja nullified the victory of Mr Ohere at the senatorial election.

Dissatisfied with the judgement, Mr Ohere approached the Court of Appeal to seek redress but the court on Tuesday upheld the judgement of the tribunal declaring Mrs Akpoti-Uduaghan as the authentic winner of the 25 February senatorial election.

Share
Related Stories
Image
29-February-2024

Nigerian Navy Impounds Stolen N8.6bn Crude, Others in Three Weeks

By Adedapo Adesanya The Nigerian Navy, through the Troops of Operation Delta Sanity, has deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks. The Director of Naval Information, Mr Adedotun Ayo-Vaughan, a Rear Admiral, made the disclosure in a statement, saying that various Nigerian Navy platforms were deployed for the operation meant to combat oil theft and illegal oil bunkering plaguing Nigeria’s maritime environment. He said that between February 5 and February 22, a total of 51 wooden boats and three fibre ones were apprehended, while 104 illegal refining ovens,

Image
25-February-2024

SERAP Sues Wike, Governors Over Missing N40trn Allocations

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike, over their failure to account for the alleged missing N40 trillion federal allocations meant for local governments in the states and the FCT. The suit followed the damning revelations by former President Muhammadu Buhari who in December 2022 stated that “if the money from the federation account to the states is about N100 million, N50 million will be sent to the chairman but he will sign that he received N100 million.

Image
26-February-2024

Excitement as Tinubu Commissions Geometric Power Plant

By Aduragbemi Omiyale The city of Aba in Abia State is beaming with excitement as President Bola Tinubu is expected to commission the Geometric power plant today, Monday, February 26, 2024. The facility is the first integrated power plant in Nigeria. It is situated in the Osisioma Industrial area of Aba. It is expected to provide 24-hour electricity to the city and about nine of the 17 local government areas of the state. The 181-megawatt Geometric power plant cost about $800 million and was done by a former Minister of Power, Mr Barth Nnaji. Electricity from the plant will be

More Stories
Image
13-October-2017

Brace up for Change in Oil & Gas Sector—Baru

**Urges Investors to Set up Refinery in A/Ibom By Dipo Olowookere Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Kacalla Baru, has engaged investors on the need to establish a refinery in Akwa Ibom State. Speaking at a two-day PENGASSAN Triennial Retreat/Synergy workshop held in Uyo, Akwa-Ibom State, Mr Baru said the state was well-positioned geographically to have a refinery. According to him, “Investors have been coming to us and I have seen one that is quite promising. It is in this light that I encouraged these investors to come and see the state government

Image
18-January-2022

Power Black Aims to Disrupt Nigerian Energy Drinks Market

By Adedapo Adesanya Power Black Energy drink, a Turkish energy drink with a presence in over 35 countries across Europe, Asia, Africa and the Middle East, has landed in Nigeria, being the first and only energy drink in Nigeria with a hygienic cover. Speaking at a recent launch, the Marketing Manager of Frisson Nigeria Limited, the sole distributor of Power Black Energy Drink in Nigeria, Mr Ojotobor Samuel, said Power Black Energy Drink is a premium energy drink that offers Nigerians needed the power to achieve their goals with class and finesse. Mr Ojotobor said as the first and only

Image
10-May-2023

Interests in Conoil, Ardova, Others Drive Stock Exchange’s 0.05% Growth

By Dipo Olowookere Energy stocks at the Nigerian Exchange (NGX) Limited put up a sterling performance on Tuesday, influencing the 0.05 per cent growth recorded at the close of business. At intraday, the market was down due to selling pressure on some consumer goods and banking equities, especially Nigerian Breweries and Access Holdings. However, when the closing gong was beaten by 2:30 pm, interests in energy shares led by Conoil, Oando and Ardova lifted the bourse and prevented what could have been the first loss of the week. Data obtained by Business Post showed that the energy counter appreciated by

Image
09-August-2021

Wema Bank Strengthens Alliance With Payments Firm

By Ashemiriogwa Emmanuel Wema Bank Plc, one of Nigeria’s most resilient banks, has renewed and expanded its long-term business agreement with Network International Holdings, a provider of technology-enabled payments solutions to merchants and financial institutions in the Middle East. The renewed agreement is on the relationship that Network International will be helping Wema Bank increase its capacity for card issuing, and also support the bank’s ATM processing capabilities in Africa. Commenting on the collaboration, the Head, e-Business & Payments, Wema Bank, Mr Damola Bolodeoku, said that the partnership has been a fruitful one for the last 4 years as they

Image
21-October-2016

PDP Congratulates New Oba of Benin

By Ebitonye Akpodigha The Peoples Democratic Party (PDP) has felicitated with the new Oba of Benin, Omo N’ Oba N’ Edo Uku Akpolokpolo Oba Ewuare N’ Ogieva, on his coronation yesterday in the ancient town of Benin City, Edo State. The Nigeria’s main opposition party, in a statement signed by its spokesman, Prince Dayo Adeyeye, noted that it believes the new monarch would bring to bear his vast experience in public administration and international relations in the further development of Benin Kingdom. The coronation on Thursday, October 20, 2016, according to the chronology of ascension to the throne, makes the

Image
11-January-2019

Heritage Bank Raises Octopus Transaction Limits to N200,000

**Deepens Full Steam Retail Banking By Modupe Gbadeyanka The transaction limits on the new advanced intelligent digital platform of Heritage Bank known as Octopus have been increased by the financial institution. In a statement, the lender said the new daily transaction limit on the Octopus platform is N200,000 for Heritage Bank registered users. Explaining the reason for this upward review, Heritage Bank stressed that it was part of its strategies to meet customers’ needs and revolutionalise the banking sector. The bank explained further that other banks registered users will be able to transact on the platform within limits assigned their

Image
13-January-2019

N14b Stocks Exchange Hands in One Week as Index Sheds 2.64%

By Dipo Olowookere A total turnover of 1.265 billion shares worth N14.074 billion in 19,278 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.647 billion shares valued at N8.413 billion that exchanged hands the previous week in 14,773 deals. This was as the All-Share Index (ASI) and market capitalisation depreciated by 2.64 percent to close the week at 29,830.70 points and N11.124 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Industrial Goods index that rose by 1.00 percent while the

Image
27-January-2023

Is Loan Financing The Best For Startups?

By Otori Emmanuel In setting up a business, various forms of resources are necessary to make the idea a successful one. Businesses require money, time, and human capital for growth. Unlike an established business with traction, startups are like the way they sound – starting from scratch. This business process requires financing from different sources, both internal and external, to get it started. Internal financing includes support from family and friends, personal savings, and other informal giving, whereas external financing can come from crowdfunding, angel investors, startup incubator, venture capitalists, grants and donations. There are two forms of financing a

Ad
Ad
Recent Stories
Image
01-March-2024

Nigeria Wants Share in $350bn Global Outsourcing Market

By Aduragbemi Omiyale The global outsourcing market is estimated to be worth about $350 billion and Nigeria is looking to take a slice of it to address the rising unemployment rate in the country. Before 2023, the National Bureau of Statistics (NBS) put the unemployment rate at about 33 per cent, but in its revised edition, the agency said the rate grew to 5.0 per cent in the third quarter of last year. The outsourcing market is becoming the new oil market and Nigeria, which prides itself as the largest economy in Africa because of its population size of over

Image
01-March-2024

Lokpobiri Charges New NCDMB Council on Growth of Nigeria’s Energy Sector

By Adedapo Adesanya  The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has charged the newly inaugurated fourth Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to continue advancing the country’s oil and gas industry. The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives of select institutions connected with the energy sector. The fourth NCDMB Governing Council would be chaired by Mr Lokpobiri, while the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, would serve as the Secretary. Others are the

Image
01-March-2024

How to Protect Your Crypto From Scams, Hacks

In 2023, it is estimated around $2 billion was lost by investors to scams, rug pulls and hacks. Although the technology is becoming more secure and stable and many users are more aware of the tricks used to steal assets, there are still ways for thieves to extract your crypto if you aren’t careful.   Experts at Smart Betting Guide have provided a guide on the best ways to keep your crypto safe in 2024.  1. Do not store your password and seed phrase on the Cloud   For many people, the best and most convenient way to access crypto is through

Image
01-March-2024

FX Crisis: Nigeria May Slam $10bn Fine on Binance

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto platforms in desperate moves to restore the nation’s battered foreign exchange (FX) market. This information was disclosed by Mr Bayo Onanuga, who is the Special Adviser on Information and Strategy to President Bola Tinubu, in an interview with the British Broadcasting Corporation (BBC) on Friday morning. According to the President’s aide, this was necessary as the Nigerian government believes Binance profited substantially from its “illegal transactions” in the country while the nation suffered huge losses. Mr

Image
01-March-2024

Business Confidence in Nigeria Falls in February Amid Rise in Input Costs

By Modupe Gbadeyanka Business conditions in Nigeria slowed to 51.0 in February 2024 from 54.5 in January 2024, as price pressures intensified in the private sector at an unprecedented pace in over a decade of data collection, the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) has revealed. A statement from the lender disclosed that the improvement in business conditions was the weakest since the recovery in the private sector began last December. It stated that input costs surged higher in the period under consideration as a result of higher fuel prices and exchange rate weakness, which drove up material costs.

Image
01-March-2024

Harvard Business School Introduces Tony Elumelu Foundation Case Study

By Modupe Gbadeyanka A case study to spotlight the role of celebrated African businessman, Mr Tony Elumelu, in transforming the development agenda on the continent through his Tony Elumelu Foundation (TEF) has been introduced by the Harvard Business School. The case study, launched on Thursday, February 29, 2024, will critically look into how the former banker is catalysing entrepreneurship in Africa through his Africapitalism approach. At its unveiling before a class of graduate students at Harvard Business School, Mr Elumelu said, “TEF is creating economic hope and opportunity for African entrepreneurs. We know that entrepreneurship is the solution to youth

Image
01-March-2024

Unlisted Securities Remain in Negative Territory by 1.36%

By Adedapo Adesanya Correction at the NASD Over-the-Counter (OTC) Securities Exchange continued as it recorded a 1.36 per cent loss on Thursday, February 29. The bourse lost N21.34 million of its value during the trading session to close at N1.542 trillion compared with the preceding day’s N1.564 trillion and the NASD Unlisted Security Index (NSI) went down by 15.74 points to end the day at 1,138.05 points versus Wednesday’s 1,153.79 points. Yesterday’s decline was influenced by Aradel Holdings Plc, which further suffered further profit-taking, causing its price to drop N98.25 to close at N2,401.75 per share versus the preceding session’s

Image
01-March-2024

Naira Firms to N1,595/$1 at NAFEX, Weakens to N1,500/$1 at Black Market

By Adedapo Adesanya The Naira ended a tumultuous February as it recorded a price appreciation f 0.09 per cent or N14.40 against the US Dollar on Thursday, February 29, in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data obtained from the FMDQ Securities Exchange showed that the value of the local currency closed at N1,595.11/$1 during the session compared with the preceding day’s N1,609.51/$1. Also, the Nigerian currency improved its value against the Pound Sterling in the official market yesterday by N20.34 to close at N2,046.19/£1 compared with the preceding session’s N2,066.53/£1 and strengthened against the Euro by N16.5 to

Image
01-March-2024

Oil Down as US Inflation Signals Weak Crude Demand

By Adedapo Adesanya  Oil was down on Thursday as inflation data in the United States implied a softening of the world’s biggest economy that could weaken crude demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26 a barrel. The US Federal Reserve’s preferred inflation gauge, the US Personal Consumption Expenditures (PCE) index, showed January inflation in line with economists’ expectations. The index rose 0.3 per cent last month, the Commerce Department’s Bureau of Economic Analysis said. Data for December was revised lower to

Image
01-March-2024

Local Stock Market Rebounds, Closes Last Day of February 0.68% Higher

By Dipo Olowookere The last trading session of February 2024 at the Nigerian Exchange (NGX) Limited ended on a positive note as it rebounded by 0.68 per cent after the interest rate hike scare. The growth posted on Thursday was triggered by bargain-hunting in financial stocks, especially those selling at cheaper prices after the sell-offs in the past few sessions. However, profit-taking persisted in the other sectors of the bourse, with the energy, and consumer goods indices closing lower by 0.33 per cent, and 0.18 per cent, respectively. Business Post reports that the banking space rose by 6.14 per cent,