Obaseki Orders Police to Protect #EndSARS Protesters in Edo

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 The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

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 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 Modupe Gbadeyanka For the third trading sessions, the Nigerian Stock Exchange (NSE) finished on Friday in the green territory. Gains recorded by blue-chip stocks further pushed the stock market northward by 1.53 percent to expand the year-to-date gain to 35.15 percent. Business Post reports that the market breadth ended positive today with 32 appreciating stocks against 11 declining equities. In addition, the All-Share Index (ASI) improved by 546.95 points to settle at 36,320.93 points, while the market capitalisation increased by N188.3 billion to close at N12.5 trillion. The renew confidence of investors in the stock market reflected in the

The cryptocurrency landscape is evolving and the next logical step is to get it in every wallet and on every smartphone. Mushe (XMU) and Crypto.com are leading the charge. The face of cryptocurrency has changed dramatically since the launch of Bitcoin in 2009, and the growth has accelerated to breakneck speeds over the past five years in particular as more and more investors join the revolution. In fact, the number of people using cryptocurrencies surpassed 100 million in 2021 to confirm that the industry is currently enjoying a watershed moment. While the success of several platforms and crypto tokens proves

By Dipo Olowookere The money market rates were relatively calm on Tuesday as system liquidity remained buoyant at N244 billion positive. Business Post reports that the average money market rates depreciated by 0.46 percent following the 0.33 percent and 0.58 percent decline in the Open Buy Back (OBB) and Overnight (OVN) rates respectively. The OBB rate dropped to 9.17 percent from 9.50 percent yesterday, while the OVN rate fell eased to 10.00 percent from 10.58 percent. With no significant outflows expected at the market today, the rates are expected to remain stable. Meanwhile, the treasury bills market remained scantily traded,

By Dipo Olowookere As part of its determination to further boost growth and expand its operations, Truecaller has announced a strategic investment into the payment space by acquiring Chillr, India’s first multi-bank payments app launched in 2014. This acquisition comes after Truecaller announced in March 2017 its intention to foray into the digital payments segment in India. Truecaller started as a caller ID and spam blocking app for smartphones, but over the years Truecaller has transformed to a full fledge communication app and has become one of the fastest growing consumer apps in Africa and has consistently been topping the

By Olubori Oduntan A group known as the Enugu Youths Coalition has warned those it described as “mischief makers” to “leave Governor Ifeanyi Ugwuanyi alone” because he cannot leave the Peoples Democratic Party (PDP) to join the All Progressives Congress (APC). In a statement signed by its National Coordinator, Dr Edwin Obune, the group said there was no basis for the Enugu Governor to leave the party. Enugu Youths Coalition, while reacting to news making the round that Mr Ugwuanyi was planning to join the APC, emphasised that “the electoral act is very clear on issue of defection. The act

By Adedapo Adesanya The federal government has tasked Nigerians to tap into over 9,000 licensed filling stations across the country that are fit for the co-location of facilities that dispense autogas fuel. Recall that the federal government has been trying to get Nigerians to tap into autogas, a need that has been accelerated by the removal of fuel subsidies, which saw petrol pump price jump to N500 per litre. The government, through the Nigerian Institute of Transport Technology, issued this at the end of the stakeholders’ engagement forum on the provision of technical manpower and facility for the development and

By Modupe Gbadeyanka The need for the National Assembly, especially the Senate, to quickly pass the Chartered Institute of Forensic and Investigative Auditors in Nigeria Bill has been emphasised by the Association of Forensic and Investigative Auditors (AFIA). According to the group, the passage of the bill will aid the Federal Government’s anti-corruption fight and prevent growing fraud in public accounting system. The proposed Chartered Institute of Forensic and Investigative Auditors in Nigeria Bill has scaled through first reading at the Senate. The bill aims to facilitate the transition from the traditional audit to forensic and Investigative audit. Forensic and

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has appealed to presidential candidates in the 2023 elections to urgently publish details of their assets and liabilities. An open letter to the candidates signed by SERAP deputy director, Mr Kolawole Oluwadare, also urged them to publicly commit to rejecting vote-buying and electoral bribery before and during the elections. “While there is no constitutional requirement for presidential candidates to publish their assets and liabilities before elections, doing so would show that you can stand up for transparency in assets declaration by public officers if elected,” the organisation said in the