Nigerians Now Poorer Than Ever—Fayose

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 Precious Olisa The Zamfara State Election Petition Tribunal sitting in Sokoto State has upheld the election of Mr Dauda Lawal as the governor of the state. Mr Lawal emerged victorious in the election after contesting to govern the state on March 18, 2023, under the platform of the Peoples Democratic Party (PDP). He defeated the immediate past Governor of the state and current Minister of State for Defence, Mr Bello Matawalle, with an impressive margin of 65,750 votes. The returning officer for the poll had announced that Mr Matawalle, the candidate of the All-Progressives Congress (APC), secured a total

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 Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Benita Ayo Mrs Lewis is a Nigerian in Diaspora who decided to invest her money in Nigeria. In order to do this, she sought the view of her long-time friend named Kunle, a Nigerian-based hotelier, who advised her to invest in the real estate sector of the Nigerian economy. He convinced her to invest in properties located at the New Lagos (Lekki, Ajah and environs). This, according to Kunle, will appreciate with time and bring back huge returns on Mrs Lewis’ investments. The idea sounded so good to Mrs Lewis that she wired $200,000 to Kunle for the purchase

By Modupe Gbadeyanka The exit of Ms Eveline Tall Daouda from Ecobank as the Deputy Chief Executive Officer has been announced. Ms Daouda is proceeding on an early retirement on Tuesday, January 31, 2017 after spending about two decades at the institution. A statement issued by Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, disclosed that the “stellar professional” banker was leaving the company after two decades. In the statement signed by the company’s chief spokesman, Mr Richard Uku, Ms Daouda was described by the Group CEO, Mr Ade Ayeyemi, as a “stellar professional who has built a

By Adedapo Adesanya There are high expectations following the confirmation of Mr Sule Abdulaziz as the substantive Managing Director/Chief Executive Officer (CEO) of Transmission Company of Nigeria (TCN) by President Muhammadu Buhari. His full takeover of the role was announced by Mrs Ndidi Mbah, the General Manager, Public Affairs, TCN in a statement in Abuja on Wednesday. The statement said that until his confirmation, Mr Abdulaziz was the Acting Managing Director of the company since May 19, 2020. Mrs Mbah said that before becoming the acting managing director, Mr Abdulaziz was the General Manager (Projects) at the company’s headquarters. “Subsequently,

By Dipo Olowookere Four stockbroking firms have been ordered to pay the sum of N5 million as fine for engaging in illegal transactions. The four stockbrokers are Gosord Securities Limited, UIDC Securities Limited, Kapital Care Trust Securities Limited and Union Registrars Limited. They were found guilty of unlawfully selling shares belonging to an investor worth millions of Naira. The matter was brought before the Enugu arm of the Investment and Securities Tribunal (IST) by the affected investor, Mr Okam Kalu Ugwu. He joined the Securities and Exchange Commission (SEC), the apex capital market regulator, and the four firms in the

By Modupe Gbadeyanka A former Minister, Mr Femi Fani-Kayode, has disclosed that he has been invited by the Department for State Services (DSS) for questioning over his allegation that a former Vice President, Mr Atiku Abubakar, had a secret meeting with army generals with a view to scuttling the February 25, 2023, presidential election and plotting a coup. FFK, as he is fondly called, claimed that Mr Atiku was doing this because he feared that his chances of winning the poll were slim and was desperate to cause chaos and prevent the emergence of the candidate of the ruling All

By Adedapo Adesanya  The 7 kobo decline recorded by the share price of Trustbond Mortgage Bank Plc led the NASD Over-the-Counter (OTC) Securities Exchange into the dungeon for another successive trading session. Stocks of the mortgage bank, which closed on Tuesday at 70 kobo per unit, depreciated by 11.11 percent on Wednesday to settle at 63 kobo each. This contributed to the 0.06 percent loss printed by the unlisted securities market and led to the 0.43 points depreciation suffered by the NASD Unlisted Security Index (NSI), which closed at 683.06 points against 683.49 points recorded at the previous session. In

By Investors Hub The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to move back to the upside following the pullback seen late in the previous session. Early buying interest may be generated in reaction to some upbeat economic data, including a report from the Commerce Department showing a much bigger than expected increase in retail sales in the month of May. Meanwhile, traders are also digesting the European Central Bank?s highly anticipated monetary policy announcement. Following its monetary policy meeting, the ECB announced plans to begin winding down its massive bond-buying program.

By Adedapo Adesanya The National Agency for Food and Drug Administration and Control (NAFDAC) has issued an alert over the presence of a special batch of Sprite drinks in the market. In a notice, Public Alert No. 022/2023 – Alert on Unwholesome Sprite 50cl Glass Bottle Batch number AZ6 22:32, seen by this newspaper, the agency notified the public there is a batch of unwholesome Sprite 50cl glass bottles circulating in Nigeria. It noted that the contaminated product was discovered following a consumer complaint, adding that it has since been investigated by its post-marketing surveillance unit. “On investigation, at the