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…Gbajabiamila didn’t interfere in the process, says review panel chair The House of Representatives has denied a back-door amendment of the Standing Orders of the House, which contains rules guiding the conduct of legislative business in the chamber. An online medium (not TheNigerialawyer had in a now-deleted report claimed that the rules of the House […]

…2023 Qtr1 inflow impressive at US$1.7bn The Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the ‘Race to USD200bn In FX Repatriation’ programme of the bank had boosted the repatriation of funds into the country by 40 per cent. He said this on Tuesday when he delivered the keynote address at the […]

The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel said on Tuesday. “Recent investigative reporting has identified multiple instances in which you or entities you own or control have made payments, purchased real estate, or provided […]

The supreme court has affirmed the election of Ademola Adeleke as the governor of Osun state. Delivering judgment on Tuesday, a five-member panel of the apex court held that the court of appeal correctly reinstated Adeleke as governor. In the lead judgment prepared and delivered by Justice Emmanuel Agim, a member of the five-man panel […]

*Says Some People Rely On 4am To Make Announcement The counsel for the Peoples Democratic Party and its presidential candidate, Atiku Abubakar, in the ongoing presidential election petition proceedings, Chris Uche SAN, has said that many agreements were broken in the 2023 general elections. Uche made the remark on Tuesday in response to Justice Tsammani’s […]

Finance Minister Charges W/African Insurers to Reposition Industry Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Monday, charged insurers across West Africa to strategise on repositioning the insurance industry in the continent for global competitiveness. Zainab said this at the 50th Anniversary of the West African Insurance Companies Association (WAICA) 2023 Educational […]

NGX Jumps as Tier-1 Banks Shares Rally Trading activities on the Nigerian Exchange (NGX) opened positively as the All-Share index advanced by 0.2% to close at 52,579.52 points.  Today, the stock market appreciated by N62 billion as investors take a position in Tier-1 banking shares. Major tickers that rallied include Nigerian Breweries, Nigerian Exchange Group, […]

Transcorp Power Receives Discharge Certificate from Federal Govt Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatization discharge certificate by the Federal Government of Nigeria, following fulfillment of all privatization conditions.  In a statement, management said Transcorp Power will no longer be […]

Titan Trust to Acquire Minority Interest in Union Bank Following the acquisition of majority shares in Union Bank of Nigeria Plc, Titan Trust Bank Limited has indicated interest to buy the remaining shares currently outside its control. In a statement filed with the regulator, Union Bank of Nigeria told the Nigerian Exchange Limited and other […]

US Dollar Slides Ahead of Inflation Figure The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of a potential recession. The dollar index, which measures the currency against six rivals, […]

Geregu Power Delivers Impressive Return on Investment Top performing stocks give investors capital gain and the opportunity to share the company’s profit. And, Geregu Power Plc has done both as the stage has been cleared for the company to create wealth for shareholders again in 2023. The power company delivered a 95% return on capital […]

Fitch Downgrades Egypt to ‘B’ with Negative Outlook Fitch Ratings has downgraded Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘B’ from ‘B+’ with outlook accorded as negative amidst uncertainties in the local economy. In the rating note released, Fitch said the downgrade of Egypt’s IDRs and the negative outlook reflect the country’s macroeconomic […]