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The Independent National Electoral Commission (INEC) on Sunday, fixed Saturday, November 18, 2023, to conduct elections in wards in Ogori/Magogo where it earlier suspended elections over irregularities. INEC in a statement by its National Commissioner & Member Information and Voter Education Committee, Mohammed Haruna, however said the conduct of the proposed fresh elections would however […]

In the early hours of Sunday, a fight broke out between party agents at the state collation centre for the Imo gubernatorial election. The violence resulted in the party agent of the Labour Party (LP) being beaten and bundled out of the collation hall while the Peoples Democratic Party (PDP) agent was ushered out. The […]

*APC’s Ododo in Early Lead, Wins 11 LGs After a five-hour break, the collation of results for the governorship poll in Kogi State has resumed at the Headquarters of the Independent National Electoral Commission in Lokoja, the state capital. Results from 18 local government areas of the state had been presented before adjournment of the […]

FX, Other Factors Responsible For Rising Cost of Cooking Gas -NLNG Boss The Nigeria Liquified Natural Gas, (NLNG) Ltd., says the shortage of Foreign Exchange (FX), the Federal Government’s import and Value Added Tax (VAT) is responsible for the rising cost of cooking gas in Nigeria. The Managing Director and Chief Executive of NLNG, Dr […]

Market Index Spikes as Nigerian Exchange Gains N14.28bn The Nigerian Exchange market capitalisation rose further on Friday as equities investors gained more than N14 billion on sustained bargain hunting. Stockbrokers reported that the market index spiked strongly ahead of inflation data for October 2023 set to be released. In the fixed income market, yield tracked […]

Adesina Urges More Japanese Investment in Africa at AIF The African Development Bank (AfDB), has called for more Japanese investments in Africa to harness the continent’s huge potential. Dr Akinwumi Adesina, AfDB’s President, said this on a sideline event, “Boosting Africa’s Growth with Japan: From Start-ups to Major Companies”, at the ongoing African Investment Forum […]

Naira Regains Strength Against Overbought US Dollar Rising demand for the US dollar has kept the naira in a cage for most part of the year. Amidst gory predictions, Nigeria’s local currency, the naira roared deep at the official market after losing 14% due to increased demand for the US dollar on Thursday. Technically, the […]

Customs Intercepts Contrabands Worth Over N900m The Nigeria Customs Services (NCS), the Western Marine Command (WMC), has thwarted smuggling activities and intercepted contrabands worth over N900 million from August to October. The Area Controller, Comptroller Odaudu Salefu, said this in a statement signed by the Public Relations Officer, Superintendent of Customs, Mailafiya Magaji, on Friday […]

African Investment Forum 2023 Secures $34.82bn Investment Interest- AfDB The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi Adesina, African Development Bank (AfDB) Group […]

By Chidi Anselm Odinkalu In 1968, Stanislav Andrzejewski, the former Polish soldier and prisoner-of-war, who later founded the Sociology Department at the University of Reading in England, coined the word ‘kleptocracy”, which he defined as “a system of government [that] consists precisely of the practice of selling what the law forbids to sell.” He saw […]

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 14 suspected vote buyers in Otueke, Adawari playgrounds in Bayelsa and at various polling units in Imo and Kogi. EFCC Spokesperson Dele Oyewale said this in a statement on Saturday in Abuja. According to him, the suspects were arrested on Saturday in intelligence-driven operations […]

The Independent National Electoral Commission has announced the suspension of elections in nine wards in Kogi State, citing reports of electoral malpractice. The nine wards are in the Ogori/Magongo Local Governemennt Area of the state. They are Eni, Okibo, Okesi, Ileteju, Aiyeromi, Ugugu, Obinoyin, Obatgben and Oturu. This was contained in a statement by the […]