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Court stops Ondo Assembly from impeaching Dep. Gov
Abuja, Sept. 26, 2023 – A Federal High Court in Abuja on Tuesday stopped the Ondo State House of Assembly from impeaching the Ondo Deputy Governor, Mr. Lucky Aiyedatiwa, over alleged gross misconduct. Justice Emeka Nwite, gave the ruling shortly after Aiyedatiwa’s counsel, Kayode Adewusi, moved the ex-parte motion to the effect. The judge also restrained Gov. Rotimi Akeredolu from nominating a new deputy governor and forwarded the same to the lawmakers for approval pending the hearing and determination of the substantive matter. Justice Nwite held that after listening to …
Mandela’s grand daughter dies of cancer
Johannesburg, Sept. 26, 2023 – Zoleka Mandela, a granddaughter of Nelson Mandela, former President of South Africa, is dead. She died of cancer on Monday evening at the age of 43. She was diagnosed of breast cancer at age of 32. Zoleka was outspoken about her cancer ailment and raised awareness about cancer prevention. She was also outspoken about her struggles with depression and her sexual abuse as a child. Zoleka campaigned for better road safety after her 13-year-old daughter was killed in a car accident in 2010. She is …
Oil prices fall as economic outlook outweighs tight supply
London, Sept. 26, 2023 – Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer. Brent crude futures were down $1.16, or 1.24%, at $92.13 a barrel at 0844 GMT, while U.S. West Texas Intermediate crude futures were trading $1.13 lower, or 1.26%, at $88.55. “Fears of an economic recession may again dominate the oil market’s movement due to surging U.S. bond yields following the Fed’s hawkish stance last week,” …
NGX RegCo introduces code of conduct for trading license holders
Lagos, Sept. 26, 2023 – NGX Regulation Limited (“NGX RegCo”) has released a code of conduct for approved trading license holders of Nigerian Exchange Limited (NGX) NGX RegCo said the introduction of the code was in keeping with NGX’s commitment to promoting high professional standards and ethical conduct in the capital market. It said the code, which was approved by the Securities and Exchange Commission (SEC) on Aug. 16, would take effect on Oct.3. Its primary objective is to establish and uphold acceptable standards of behaviour, thereby fostering professionalism, integrity, …
Defeated Lagos PDP candidate describes tribunal’s judgment unfortunate
Lagos, Sept. 25, 2023 – Dr. Olajide Adediran, the Governorship Candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, has expressed displeasure over the ruling of Lagos State Election Petition Tribunal. The three-man tribunal, led by Justice Arum Ashom-led, in its judgment delivered on Monday, affirmed the victory of Gov. Babajide Sanwo-Olu in the election. Adediran described the judgment as unfortunate. “It is quite unfortunate that the tribunal, in its wisdom, refused to accept the credible and convincing evidence presented by my legal team on the non-qualifications …
FG has not reintroduced petrol subsidy – APC
Abuja, Sept. 25, 2023 – The All-Progressives Congress (APC) has dismissed insinuations by the Peoples Democratic Party (PDP) that the federal government has reintroduced petrol subsidy through the back door. It said that the federal government only intervened to ensure some measure of price stability and predictability which did not amount to return of the ruinous fuel subsidy of recent past. The APC condemned Phrank Shaibu, the Media Aide to the Presidential Candidate of PDP, for spreading fake news. Felix Morka, the APC Spokesman, said in a statement on Monday …
FG to start cash transfer October
Abuja, Sept. 25, 2023 – The federal government is to start its cash transfer scheme in October. The cash transfer scheme is part of the palliatives promised by the government to cushion the effects of petrol subsidy removal for which the World Bank had offered $800 million loan. About 15 million households are to benefit from the scheme. Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, confirmed the take-off date on Monday while speaking on Arise Television. “We had meetings with the World Bank and very soon …
Nigeria Customs intercept contrabands with duty paid value of N1.6bn
Abuja, Sept. 25, 2025 – The Federal Operations Unit of Nigeria Customs Service (NCS) intercepted contrabands with duty paid value of N1.6 billion between July and September this year. The contrabands included raw materials for explosives, Indian hemp and others. Jerry Attah, the Spokesman for the zone, said in a statement on Monday that Kayode Kolade, the acting Customs Area Controller in the zone, disclosed during this while addressing journalist in Benin City, Edo State. Kolade said the contrabands were intercepted at different locations, adding that nine suspects were arrested …
Afreximbank urges priority to African export trading companies
New York, Sept. 25, 2023 – The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private Export Trading Companies (ETCs) to position the continent’s Small and Medium Enterprises (SMEs) to participate effectively in global trade. Kanayo Awani, Afreximbank’s Executive Vice President (Intra-African Trade Bank),made the call in an address to the Africa International Exhibition which opened Sunday on the sidelines of the United Nations General Assembly in New York She spoke on behalf of Bank President Prof. Benedict Oramah. Awani …
France withdraws troops from Niger Republic
Niamey, Sept. 25, 2023 – French President Emmanuel Macron has said that his country will withdraw its ambassador and troops from Niger in the wake of the July coup that overthrew democratically-elected President Mohamed Bazoum. “France has decided to withdraw its ambassador. In the next hours our ambassador and several diplomats will return to France,” Macron said in a televised interview on Sunday. He added that military cooperation was “over” and that 1,500 French troops stationed in the country would withdraw in “the months and weeks to come” with a …