Peter Obi, the presidential candidate of the Labour Party, has lodged an appeal against the recent tribunal ruling that affirmed the electoral victory of President Bola Tinubu. In a comprehensive notice of appeal comprising 50 grounds, submitted by his chief legal counsel, Dr. Livy Uzoukwu, SAN, Obi has officially contested the decision handed down by the presidential election tribunal. The notice of appeal reads, “Take notice that the Appellants being dissatisfied with the decisions in PETITION NO: CA/PEPC/03/2023 MR. PETER GREGORY OBI & ANOR. v. INDEPENDENT NATIONAL ELECTORAL COMMISSION & ORS. (consolidated with Election Petition Nos: CA/PEPC/04/2023 and CA/PEPC/05/2023), contained…
Author: Editor Francis
In an exclusive interview with S&P Global Commodity Insights on September 18, Devakumar Edwin, the Executive Director of Dangote Group, shared important updates on the eagerly anticipated Dangote Refinery’s production timeline. According to Edwin, the refinery is poised to play a pivotal role in Nigeria’s energy landscape. Edwin disclosed that the Dangote Refinery is set to receive its inaugural shipment of crude oil in the next fortnight, marking a significant milestone. The facility will commence production of diesel and jet fuel, targeting an output of up to 370,000 barrels per day starting in October 2023. The ambitious project will then…
The Lagos State Governor, Babajide Sanwo-Olu has assured his Lagos Residents that no stone will be left untouched and he is never oblivious to the death of the Ikorodu light, Ilerioluwa Oladimeji Imole Aloba (Mohbad). According to the Centre of Excellence governor, he said that there have been active moves done behind the scenes with relevant authorities and keenly following the ongoing investigations. “However, in order to boost the investigations, I have invited the Department of State Services (DSS) to join the investigation and widen the dragnet with inter-agency collaboration and the use of best in class technology to unearth…
With the new data released by the National Bureau of Statistic, it is estimated that each Nigerian currently owns N396,376.19 in terms of debt per capita. NBS did its analysis of Nigeria’s Public debt stock to arrive at this shocking truths. In the stock report published, it reveals that the country’s total public debt increased by 75.27 per cent from N49.85 trillion in the first quarter of 2023 to N87.38 trillion at the end of the second quarter of 2023. In monetary terms, this is an increase of N37.53 trillion in three months. Breaking down the Cost and Debt Implications…
At the US–Nigeria Economic Relationship Forum held at the Lagos Business School, Wally Adeyemo, the US Deputy Secretary of the Treasury, emphasised that Nigeria’s economic challenges cannot be resolved swiftly or effortlessly. According to him, one key issue is the absence of a comprehensive macroeconomic framework that can effectively draw increased dollar-denominated foreign direct investments into the country’s economy. “There is no quick and easy solution to those challenges, I want to be honest about that. That is what true partners are,” Adeyemo remarks “But ultimately, we know that by helping to make investments in the Nigerian economy in your…
Иногда инвестор может получить налоговые льготы, если откроет индивидуальный инвестиционный счет либо передаст такой счет на доверительное управление. В зависимости от применения одного из способов у акционера появляются различные последствия. Для защиты своих прав инвестор может обратиться в соответствующие органы и оспорить нарушения. Поскольку наиболее незащищенной категорией является миноритарный акционер, рассмотрим риски. Закон определяет, какие права возникают у акционера в зависимости от его доли в обществе. Обычно ключевое право блокировать любые внесенные на собрании акционеров предложения появляются уже с доли в 25% + одна акция — это называется блокирующим пакетом. «В тех случаях, когда контрольный пакет не консолидирован в одних руках,…
Mr Robert Piper, the Special Adviser to the United Nations (UN) Secretary-General on solutions to internal displacement, says the body is a critical partner towards achieving Nigeria’s humanitarian response. Piper said this on Monday when he led the UN delegation to the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, in her office in Abuja. The special adviser told the minister that his mission in Nigeria was to follow up on the UN Secretary-General’s action plans on internal displacement. Piper also said, “the visit was to renew our commitment towards supporting Nigeria in areas of Humanitarian needs. He…
Germany has officially joined the ranks of nations signing the Artemis Accords, marking its position as the 29th nation to pledge commitment to the principles of peaceful space cooperation. The signing ceremony, presided over by German Ambassador to the United States Andreas Michaelis, witnessed Dr. Walther Pelzer, Director General of the German Aerospace Center, sign the Artemis Accords on behalf of Germany. Notable figures, including Acting Assistant Secretary of State Jennifer Littlejohn, NASA Administrator Bill Nelson, Executive Secretary of the U.S. National Space Council Chirag Parikh, and Federal German Coordinator of German Aerospace Policy Dr. Anna Christmann, delivered remarks at…
Deputy Secretary of the Treasury, Wally Adeyemo, is embarking on a crucial visit to Lagos, Nigeria, from September 17 to 19, 2023, as part of the Biden Administration’s commitment to enhancing economic and trade relations with Africa. This visit aims to deepen the strong bonds between the United States and Nigeria, focusing on cultural and economic ties. Deputy Secretary Adeyemo, the highest-ranking Nigerian-American official in the Biden Administration, will emphasize the potential for strengthening business, investment, and partnerships in Nigeria, with a particular focus on entrepreneurship, youth development, and women’s empowerment. The visit follows Secretary Yellen’s groundbreaking trip to Senegal,…
The Central Bank Of Nigeria is set to recover all loans granted as part of the COVID-19 intervention to some categories of Nigerians to cushion the harsh socio-economic realities, but some beneficiaries of the facility are showing concern about the “act” of recovery. A beneficiary, Fatimah Alli, said that the sudden move to recover her N500,000 COVID-19 loan had worsened her financial challenges. “I got a loan of N500,000 in 2020 to cushion the economic effects of COVID-19. But at that time, we were assured that we would not be required to repay the money. “But recently, all the money…
Nigerian teacher John Obot, hailing from Akwa Ibom State, has achieved a remarkable milestone by breaking the existing Guinness World Record for the longest marathon reading aloud by an individual. This achievement surpasses the previous record set by Isakov of Turkey, which stood at 124 hours. John Obot’s incredible endeavour is currently unfolding in Uyo, the capital of Akwa Ibom State, and is anticipated to conclude around 1 a.m. on Tuesday. At that point, Mr. Obot will have completed an astonishing 145 hours of continuous reading aloud, establishing a new world record in the process.
The National Identity Management Commission (NIMC), of Nigeria has introduced a self-service solution that enables citizens to register for their National Identification Number (NIN), conveniently using their smartphones. This innovation was unveiled during the commemoration of the 5th Identity Day, jointly organized by the NIMC and the Ministry of Interior in Abuja. Abisoye Coker-Odusote, the Acting Director General/CEO of the NIMC, emphasised the vital role of identity in the country, highlighting that it extends beyond a mere card or number. She stated that identity signifies individuals’ existence, entitlements, and place in society. Moreover, it provides access to essential services, social…