SERAP Drags Tinubu to Court Over Pension for Ex-Governors in Cabinet

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

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 Investors Hub Asian stocks ended mostly higher on Tuesday as Chinese trade data topped forecasts and investors awaited an announcement by President Donald Trump on whether he will withdraw from the nuclear deal with Iran. China’s Shanghai Composite Index climbed 24.95 points or 0.8 percent to 3,161.60 after the release of upbeat trade figures for April. Hong Kong’s Hang Seng Index surged up 408.55 points or 1.4 percent to 30,402.81. Chinese exports climbed 12.9 percent year-over-year in April, well above the expected rise of 6.8 percent. Imports spiked 21.5 percent from a year ago, exceeding economists’ forecast for an

By Adedapo Adesanya A global rating agency, Moody’s, has warned that Nigerian banks will face a fresh round of foreign currency liquidity pressures due to current global realities. In a new report, the agency said the forex liquidity pressures will arise due to low oil prices, volatile foreign inflows and lower remittances in the face of the coronavirus pandemic. This will lead to a similar situation lenders witnessed during the previous oil crisis in 2016, in which prices of the commodity plunged, leading Nigeria to an economic recession. According to Mr Peter Mushangwe, a banking analyst at Moody’s, “Lower dollar

It’s the middle of the rainy season, so colds and flu are in full swing, and with people starting to not wear masks while out in public, we could potentially be exposed to more germs than we would be if everyone were wearing masks. If there was ever a time to take control of your health, it would be now. And there are various ways to do that just by making small changes in your life and home. Don’t forget the dust traps There are many spaces in your home that are massive dust traps and prime spots for germs

By Dipo Olowookere Former National Publicity Secretary of the All Progressives Congress (APC), Mr Bolaji Abdullahi, has resigned his appointment as Chairman of the Nigeria Sugar Development Council. Mr Abdullahi announced his resignation from the agency on Friday morning. It came two days after he also announced his resignation as the spokesman of the ruling party in Nigeria, APC. The former Minister of Sports was appointed as Chairman of the sugar council by President Muhammadu Buhari. “Following my resignation as National Publicity Secretary of APC and my decision to quit the party, I announced to the board this morning that

By Aduragbemi Omiyale The board of NOVA Merchant Bank has been authorised to transit into a commercial bank in line with its comprehensive restructuring plans. The approval was given by the shareholders of the lender, which provides funds to large corporations and high-net-worth individuals, at its 6th Annual General Meeting (AGM) in Lagos on Wednesday. The Managing Director of NOVA Merchant Bank, Mr Nath Ude, thanked the shareholders for the approval, saying with the new license, the bank is poised to extend its comprehensive range of financial services throughout Nigeria and cement its position as a leading player in the

By Dipo Olowookere The value of the Naira to the United States Dollar in the parallel market is depreciating at an alarming rate and until something urgent is done, it could further worsen in the coming days. According to keen observation, the Nigerian currency entered its sick state last Tuesday after the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, announced that decisive action would be taken against any person caught withdrawing Naira with the sole aim of buying the Dollar. This sent a wrong signal to the foreign exchange (forex) market and despite an effort made

By Dipo Olowookere Reports just reaching us indicate that the Senator representing Kogi West Senatorial District at the National Assembly, Mr Dino Melaye, has finally surrendered himself to the police. Operatives of the Nigeria Police Force had laid siege to the Abuja home of the lawmaker for over a week in a bid to have him arrested for a criminal case. However, the Senator had refused to come out of his residence despite the security officials cutting off water and electricity supply to his house in an effort to ‘smoke’ him out of his hiding. After over seven days of

By Adeniyi Ogunfowoke In today’s world, air travel is not fun. Remember the days when you used to love being at the airport or on the plane just as much as the trip itself? Well, they are long gone, with confusing security checks that seem to change rules from airport to airport to seats getting smaller with each trip, flying can sometimes be a downright miserable experience. Regardless, you can still make your air travel exciting with these discussed by Jumia Travel, the leading online travel agency. Arrive early This may sound routine, but there are so many travellers arriving at