Tinubu Suspends Bawa as EFCC Chairman

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Adedapo Adesanya The Nigeria Labour Congress (NLC) is set to embark on its planned strike as it said it does not have any agreement with the federal government to shelve the action. This came from its Head of Information and Public Affairs, Mr Benson Upah, who countered a statement by the Ministry of Labour and Employment. Mr Upah also said the NLC did not have any date for a meeting with the government that may lead to the suspension of the proposed strike. “We do not have any agreement with the government to suspend the planned strike action. Neither

By Dipo Olowookere The treasury bills market was slightly bullish on Wednesday as the Central Bank of Nigeria (CBN) conducted another Primary Market Auction (PMA) yesterday. During the exercise, the apex bank offered traders treasury bills worth N46.60 billion and it raised this amount. However, it was observed that the T-bills were moderately over-subscribed as the central bank received subscriptions worth N103.40 billion from market players, who were mostly non-competitive bidders. At the close of transactions yesterday, the T-bills market was upbeat with demand skewed to the shorter end of the curve, as system liquidity remained significantly buoyant following inflows

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has extended deadline for capital market operators yet to register with their various trade groups. The extension, the capital market regulator explained, became necessary due to low compliance by operators. SEC gave the new deadline as Saturday, December 31, 2016. Addressing journalists at the fourth quarter of Capital Market Committee (CMC) held in Lagos, the Director General of SEC, Mr Mounir Gwarzo, explained that the move was part of efforts being made to restore investor confidence in the Nigerian capital market. Mr Gwarzo said SEC had developed rules on complaints management

By Adedapo Adesanya Crude oil prices appreciated on Wednesday night after dropping earlier in the day following the United States’ call to the Organisation of the Petroleum Exporting Countries and allies (OPEC+) to increase supply to support the global recovery from the pandemic. This action lifted the Brent crude by 96 cents or 1.33 per cent to $71.57 per barrel and pushed the West Texas Intermediate (WTI) higher by $1.07 or 1.57 per cent to $69.36 per barrel. The White House on Wednesday called on the oil-producing allies to boost production in an effort to combat climbing fuel prices, amid

By Adedapo Adesanya Tuesday’s trading session at the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note as the unlisted securities market extended its, with the key performance indices pointing north. The NASD Unlisted Security Index (NSI) appreciated by 0.11 per cent or 0.81 points yesterday to settle at 711.96 points in contrast to the 711.15 points quoted the previous day. Following the same trend, the market capitalisation gained 0.11 per cent or N600 million to close at N522.99 billion on Tuesday as against the N522.39 billion it finished on Monday. In the other parameters tracked, the volume of

By Modupe Gbadeyanka A deal to facilitate financing for smartphones for customers of leading digital services provider in Bangladesh, Robi, has been entered into with YABX, a fintech company incubated by Comviva. Within one year of launching 4.5G service, Robi has created the largest 4.5G network in Bangladesh and YABX, on the other hand, provides the technology to underwrite smartphone financing for customers in the emerging markets. In doing so, the company builds customer profiles from tens of thousands of data points, using data from the mobile network. This, in turn, enables the customers to purchase their first smartphone. Therefore,

By Adedapo Adesanya The Federal Government of Nigeria is set to commercialise the nation’s 12 River Basins to enable them to deliver on their mandate effectively. This was disclosed by the Director, River Basin Operations and Inspection at the Federal Ministry of Water Resources, Mr John Ochigbo. Mr Ochigbo made the declaration at a news conference on Wednesday in Benin City, Edo State as part of activities at the ongoing 10th National Water Conference themed Sustainable water resource development and management, where he represented the minister, Mr Suleiman Adamu. He said the commercialisation of the basins would enable them to

By Adedapo Adesanya Akwa United was on Sunday crowned champions of the 2020/2021 Nigeria Professional Football League (NPFL) after defeating Mountain of Fire Ministries (MFM) FC with one game left to play at the top-flight competition. The Promise Keepers defeated the Olukoya Boys 5-2 on home soil at the Godswill Akpabio Stadium, Uyo, Akwa-Ibom to secure their first-ever league title. The star of the match was Charles Atshimene who scored a hat-trick of goals to leave MFM FC winless in their last eight away matches. Atshimene opened the scoring in the 24th minute followed by Alimi Adebayo’s own goal on

By Dipo Olowookere The Group Deputy Managing Director of Access Bank Plc, Mr Obinna David Nwosu, has resigned from the company. Mr Nwosu’s resignation was announced on Wednesday by the Board of Directors of Access Bank in a statement signed by Mr Sunday Ekwochi, the bank’s Secretary. It was stated that Mr Nwosu will officially quit the financial institution on Sunday, April 30, 2017. Access Bank explained that Mr Nwosu was leaving to “pursue other personal endeavours” and emphasised that he had no disagreement with the board and that there was no matter relating to his resignation that needed to