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The National Assembly Election Petitions Tribunal sitting in Umuahia, the capital of Abia State, has sacked Amobi Ogah as the winner of the Isuikwuato/Umunneochi House of Representatives seat of Abia State. Consequently, the tribunal has declared Nkiru Onyejeocha of the All Progressives Congress (APC) as the rightful winner of the seat. The February 25 House […]

The Presidential Election Petitions Court has dismissed the ground of the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, alleging dual citizenship and drug conviction against President Bola Tinubu. In a judgment on the objections of the All Progressives Congress (APC) and Tinubu grounds that the issues bordering on his non-qualification to contest […]

The Senatorial Election Tribunal sitting in Asaba, the Delta State capital, on Wednesday, sacked the lawmaker representing Delta South, Senator Thomas Onowakpo. The candidate of the Peoples Democratic Party, Mr. Michael Diden, had approached the tribunal with his petition seeking the disqualification of the APC candidate. He argued that the electoral body did not follow […]

The Labour Party has rejected Wednesday’s judgment by the Presidential Election Petition Tribunal affirming Bola Tinubu as winner of the February 25 presidential polls. In a strong rebuke, Labour Party spokesman Ifoh Obiora decried the ruling as unjust and not reflecting the law or people’s will. He stated the party watched the dismissal of its […]

The Election Petitions Tribunal sitting in Kano upholds the election of Abdulmumin Jibrin Kofa of the New Nigeria Peoples Party (NNPP) as the elected member of House Representative from Kiru/Bebeji Constituency after dismissing the petition filed by Sa’idu Kiru of the All Progressives Congress (APC) for lack of sufficient evidence. The tribunal on Wednesday dismissed […]

The Nigeria Labour Congress, NLC, has instructed all affiliate unions to return to work on Thursday after the successful execution of the two-day warning strike, aimed at drawing the government’s attention to the hardship faced by Nigerians due to the removal of petrol subsidies. In a letter addressed to all its affiliates and Chairpersons of […]

Return on Treasury Bills Steadies Ahead of CBN Auction The average return on Nigerian Treasury bills closed flattish in the secondary market on Tuesday ahead of the Central Bank of Nigeria (CBN) primary market auction on Wednesday. As a result, the average yield closed flat at 7.6%. Similarly, the average yield was unchanged at 13.3% […]

AMCON Must Not Allow Arik Air to Die, NAAPE Pleads AMCON: Despite the smear campaign previous owners of Arik Air Limited had mounted especially since the change of government in the country to pitch the public against the Asset Management Corporation of Nigeria (AMCON), the leadership of the National Association of Aircraft Pilots and Engineers […]

Naira Rises as FX Transactions Settle at $64m The Nigerian naira rose marginally as foreign exchange (FX) transactions volume settled at about $64 million on Tuesday at the Investors and exporters window amidst a forex shortage in the economy. Data from the FMDQ OTC FX platform showed that the local currency appreciated against the US […]

PZ Cussons Offers N22.28bn to Take Out Minority Shareholders PZ Cussons Nigeria Plc’s core shareholder ( PZ Cusson Holdings Limited) has announced an offer of N22.28 billion to take out the minority interest in the company, according to a regulatory filing. PZ Cussons Nigeria Plc told the Nigerian Exchange Limited and the investing public that […]

NGX Rises by N30bn Ahead of Election Tribunal Ruling Nigerian Exchange (NGX) rose by more than N30 billion on Tuesday ahead of the presidential election tribunal ruling scheduled for Thursday. Dangote Sugar and BUA Foods have become a new bride on the local exchange having extended bull runs. Key performance indicators were pushed upward as […]

Oil Slides as US Dollar Rallies Ahead of OPEC+ Cut Crude oil prices declined as a stronger US dollar raised energy costs ahead of expected supply cuts by members of the Organisation of Petroleum Exporting Countries and allies (OPEC+). India’s crude oil imports from Russia declined amidst global economic concern, though there is a positive […]