Ondo PDP: Appeal Court Sacks Jimoh Ibrahim

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Adedapo Adesanya The Minister of Power, Mr Adebayo Adelabu, has revealed that a fire outbreak at the Kainji/Jebba line caused the national grid collapse that has resulted in the general power outage experienced all over the country. In a statement shared on X, formerly known as Twitter, he said the outbreak has been taken care of and called for calm as the issue is resolved. He wrote, “At 00:35Hrs this morning, a fire outbreak with an explosion sound was observed on Kainji/Jebba 330kV line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330kV line1

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

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 Ezedi Udom  The World Bank in a 2019 joint research with e-commerce giant, Alibaba, reaffirmed the huge benefits of the sector as a potent instrument for job creation, improved quality of human life and economic growth in developing countries. The report titled E-Commerce Development: Experience from China stated that e-commerce can create jobs directly or through logistics services and other aspects of the wider e-commerce ecosystem. It added that e-commerce could improve household consumption, boost rural economies and reduce inequality especially among people in rural communities. Jumia, the pan-Africa leading e-commerce platform, exemplifies this assertion over the last eight

By Adedapo Adesanya The Borno State Government has said reintroduced the common entrance exams at the primary six class before getting admission into junior secondary schools in the state. Governor Babagana Umara Zulum of Borno State made the disclosure when he hosted 84  principals of all public secondary schools in the state at the Government House in Maiduguri as part of efforts to tackle the terrible state of education. Mr Zulum directed the enforcement of a qualifying policy that henceforth, only pupils who pass the examination by securing a cut-off mark should be eligible for admission into the first year

By Adedapo Adesanya The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing the Naira at the parallel market as well as the Investors’ and Exporters’ (I&E) forex window to currency speculators hoarding the United States Dollars. The President of ABCON, Mr Aminu Gwadabe, in a statement, however, assured currency users of the continued supply of the greenback by the Central Bank of Nigeria (CBN), just as he warned speculators to desist from the act. He said the CBN was committed to improving funding for over 5,000 Bureau De Change (BDCs) nationwide in a new

By Dipo Olowookere The Deputy Governor of Kano State, Mr Hafiz Abubakar, has resigned from office and has also decamped from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP). Mr Abubaker announced his resignation on Sunday in a letter addressed to Governor of the state, Mr Abdullahi Ganduje. In his letter, the Deputy Governor said his decision to quit the state executive council was necessary due to disrespect of his office and unjust treatment by the Governor. Mr Abubakar noted that he would have loved to remain in office until the end of their tenure, but chose

By Modupe Gbadeyanka A memorandum of understanding (MoU) has been signed between the Plateau State government and Oil and Chemical International, a member of the Duncan Group of companies, to set up a 40 tonnes fertiliser blending plant in Foron in Barkin Ladi local government area of the state. Signing the deal on behalf of the state government, Commissioner of Commerce, Ezekiel Daju, disclosed that the move was another milestone in the Governor Simon Lalong’s-led administration in diversifying economy of the state, especially when federal allocation has dropped drastically. He described the deal as laudable, saying it would boost the

By Dipo Olowookere Nigeria-based rating agency, Global Credit Ratings (GCR), has accorded an indicative, public national scale long term rating of A-(NG) to C&I Leasing Plc N7 billion Series 1 Bonds being issued under C&I Leasing Plc N20 billion Debt Issuance Programme with a Stable Outlook. In a statement issued by GCR last Tuesday, the rating was assigned to the notes because C&I Leasing recorded an improved performance based on unaudited management accounts for the year ending December 31, 2017. The firm grew its revenue during the period by 42.8 percent y/y to N22.5 billion, supported by the commencement of

By Modupe Gbadeyanka Continental Reinsurance Plc has announced the replacement of two of its directors with effect from November 8, 2016. The directors replaced by the company are Mrs Nadia Alaoui Fettah and Mr Merrick Wayne Oeschger. They are to be replaced by Mr Ajibola Olusanya Ogunshola and Mr Emmanuel Brule as Non-Executive Directors of the company representing C-Re Holding Limited. According to a statement issued by the company, it was disclosed that Mr Ogunshola holds a B.Sc. (Honours) degree in Mathematics from the University of Ibadan (1967) and became a Fellow of the Institute of Actuaries, United Kingdom in

By Modupe Gbadeyanka Senator Dino Melaye has been whisked away from his hospital bed by some masked security operatives believed to be police officers. The lawmaker, who is having a rough time with the Nigeria Police Force (NPF), was taken away on Friday afternoon. It was gathered that the masked law enforcement officials stormed the hospital and went away with Mr Melaye to an unknown location. Last week, after an eight-day siege to his Abuja residence, the Senator from Kogi State, surrendered himself to the police. He was then taken to police custody in Abuja, but collapsed on getting there.