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By Caleb Nicholas Echoga In a landmark judgement, the Supreme Court on the 15th of February, 2019 put an end to a 44-year-old property/land dispute involving Okpuloji Abba Town, and Umugama and Oranto/Akpu Villages (all in Anambra State) as it upheld the later to be the rightful owners of the disputed land which formed the […]

A four-man armed robbery gang on Friday afternoon ‘successfully’ escaped with a whopping sum of $11 million at the Oke-Sokori of Abeokuta, in Abeokuta North local government area of Ogun State. The four-man robbery gang, all clad in black T-shirts and jean trousers, wore black facemasks, and brandished riffles in an operation that lasted about […]

By Joshua Olewu 1.0       Introduction This discourse centres on the interesting collision of artificial intelligence in the world of intellectual property law and protection; and it beacons on “originality and novelty tests” of the right. Schalkoff agreeably refers to artificial intelligence (AI) as “a field of study that seeks to explain and emulate intelligent behaviour […]

A popular hotelier in Sapele, Delta State, Deacon Emekeme Joseph popularly known as Samikolo has allegedly been beaten, by two of his children, to death over a girlfriend, Vanguard report. Emekeme who owns a hotel chain called Convenant Suites, and once owned a filling station is a Deacon in one of the Pentecostal churches in […]

NNPC Signs Deal with Partners to Renew OML 130 Asset The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Oil Mining Lease (OML) 130 Partners have closed out the lease renewal process for OML 130 to unlock additional value from the Asset for stakeholders. The NNPC Limited announced the renewal of the OML 130 […]

NEITI to Release Industry Audit Reports in June The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced its readiness to release the three reports on the oil, gas and mining sectors by June. Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, in a statement on Thursday said the ongoing nationwide audit of the oil, gas and […]

Naira Declines on Sustain Forex Scarcity Naira traded weak Thursday after a sustained imbalance between the demand and supply of foreign currencies in the official and parallel markets. Data from the Central Bank of Nigeria (CBN) shows gross external reserves at $35.2 billion, with expected outflow for weekly FX auction sales to authorised dealers. The […]

IMF, WTO Others Launch Platform to Promote Access to Subsidy Information The heads of the IMF, OECD, World Bank, and WTO today announced the launch of a Joint Subsidy Platform (JSP) at www.subsidydata.org to enhance transparency on the use of subsidies. The JSP is intended to facilitate access to information on the nature, size, and […]

Nigerian Exchange Slumps as Investors Dump Geregu, GTCO The equities market backtracked on Thursday following as investors reacted to a 50 basis points increase in the benchmark interest rate over fear gauge following economic slowdown – both inflation and interest rate moving higher could taper economic performance, and keep growth in check.   Nigeria’s benchmark […]

Fitch Puts U.S on Watch over Debt Saga Fitch Ratings has placed the United States (U.S.) on watch as the debt ceiling saga continues to hang over global markets, with the White House and Republicans both citing progress in the latest round of talks but no breakthrough yet. Ratings agency Fitch opted not to wait, […]

EU Risk Board Seeks Limit on Leverage Bets on Crypto Assets European Systemic Risk Board says authorities should curb leveraged bets on crypto assets by introducing limits for investment funds, exchanges, and other firms to stop shocks in that industry from jeopardizing financial stability elsewhere. It was one of several recommendations made by the European […]

NGX Index Slides over Midday Selloffs The Nigerian Exchange (NGX) index slides over midday selloffs in the local bourse, Alpha Morgan Capital Limited said in its midday equities market report. According to stockbrokers, the Nigerian Exchange All Share Index has exhibited a decline of -0.10 percent. The decline seems to be driven by sell-side pressure […]