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The Attorney General and Commissioner of Justice of Kano State addressed the press regarding the recent ruling by the Federal High Court No. 1, Kano, on the lingering litigation arising from the abolishment of the five emirates and the deposition of the former emirs, including the deposed emir of eight metropolitan local governments. Speaking on […]

Chairman, Plateau State Independent Electoral Commission (PLASIEC), Plangji Cishak, has advocated for a legal framework to strengthen the work of state independent electoral commissions in the country. He said that this would put them in Ideal situation to function effectively instead of scrapping them as it’s being suggested in some quarters since the principle of […]

As the 2-year tenure of the incumbent President of the Nigerian Bar Association (NBA), Mr Yakubu Maikyau (SAN), is gradually winding up, Chief Wole Olanipekun (SAN) and Chief Adeniyi Akintola (SAN) have urged lawyers from the South West to vote for any candidate from Osun State as it is the turn of Oyo/Osun block to […]

The Legal Practitioner’s Disciplinary Committee (LPDC) has dismissed a complaint of professional misconduct filed by Ajayi Ayodeji Adeyinka against Azeez Soboyejo Esq. The committee, chaired by Hon. Justice Dr. Ishaq Bello, OFR, found no evidence to support the allegations made by the complainant. The complaint, filed on December 22, 2020, alleged that Soboyejo had engaged […]

Benchmark Yield on FGN Bond Rises Slightly to 18.76% The benchmark yield on Federal Government of Nigeria (FGN) bonds rose slightly to 18.76% on Wednesday due to selloffs that was triggered by waning sentiment in secondary market. Rates on Nigerian bonds have remained subdued as Debt Management Office (DMO), kept spot pricing tight amidst efforts […]

Germany Beat Hungary 2-0 to Reach Euro Last 16 Hosts Germany on Wednesday became the first side to qualify for the Euro 2024 last 16 after Jamal Musiala’s controversial goal and an Ilkay Gündogan strike in a 2-0 win over an enterprising Hungary. Croatia’s draw with Albania earlier and the situation in Group C means […]

Interest Rate on OMO Bills Sinks to 22.30% The Central Bank of Nigeria (CBN) sells OMO bills instrument to investors at spot rate of 22.30%, which is the price quoted for immediate settlement of the securities in the primary market auction conducted on Wednesday. The spot rate offered on its one year OMO bills decline […]

Nigerian Treasury Bills Yield Dips to 21.8% The average yield on Nigerian Treasury bills dipped by seven basis points on Wednesday in the secondary market to 21.8%, traders said in their separate update on fixed interest securities market. Yield on Nigerian bills contrast as investors continue to park cash in naira assets to reduce inflation […]

MTN Nigeria Slides, Trades at 33% Below 52-Week High MTN Nigeria Plc witnessed another round of selloffs on the floor of the Nigerian Exchange (NGX) Wednesday as investors’ book early profit following its weak earnings performance. The telecommunications company’s share lost 2.67% due to selloffs from its shareholders, dragging its market valuation to N4.509 trillion. […]

Naira Depreciates to N1483 after FX Turnover Plunged by 29% The Nigerian local currency, the naira, extended losses on Wednesday as demand for US dollar eclipsed the supply side following sharp decline in FX market turnover last week. According to data from FMDQ Securities Exchange platform where official daily exchange rate are quoted, the naira […]

EnjoyCorp Acquires 86.5% Stake in Champion Breweries EnjoyCorp Limited has successfully completed the acquisition of 86.5% stake in Champion Breweries plc, a prominent figure in the regional brewing industry, according to official statement. In its regulatory filling submitted to the Nigerian Exchange, the brewers said EnjoyCorp acquired 100% shareholding in The Raysun Nigeria Limited, which […]

S/Africa: Don Optimistic About GNU Creating Better Opportunities A South Africa-based Professor. Abiodun Salawu, has expressed optimism that the Government of National Unity (GNU) in the country would  work to create better opportunities for people and reduce unemployment among youths. Salawu, Director of Indigenous Language Media in Africa (ILMA) and Professor in the Department of […]