Business

Nigeria is at a critical juncture, the next task is to consolidate reforms, says Oyedele upon taking office. – THIS AGE

By Barth Ikiebe The new Minister of Finance and Economic Coordination, Taiwo Oyedele, formally assumed office following the handover from his predecessor, Wale Edun. “I sincerely appreciate him for his service to our country and the foundation he has laid,” he said. “Nigeria is at a critical juncture. Having taken important steps to stabilize the economy, our immediate task is …

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Lagos government: Sanwo-Olu did not ask to resign

We noted with concern a false report by Sahara Reporters that Governor Babajide Sanwo-Olu was “ordered to resign for health reasons” while the Deputy Governor would take over. This report is false in its entirety. No one has called for the resignation of the governor of Lagos: this is another fake news, which has become a pattern for the Sahara …

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Osun government deposes Apetumodu and vacates US fraud conviction

The Osun State Government has formally deposed the Apetumodu of Ipetumodu, Oba Gbenga Joseph Oloyede, and declared the office vacant following his conviction in the United States for COVID-19 fraud. The decision, announced on Monday, was contained in a statement by the Commissioner for Information and Public Information, Kolapo Alimi, who said the action followed due consultation, legal review and …

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EFCC case against Emefiele suffers from witness uncertainty – THIS UPDATE

By Victor Osula, Abuja Proceedings in the trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, came under scrutiny again on Monday, as uncertainty over the availability of key prosecution witnesses triggered a bitter legal battle at the Abuja High Court. The tension arose after the prosecution lawyer, Rotimi Oyedepo (SAN), informed the court that he was not …

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APC Revises 2027 Election Calendar and Makes Payment Accounts Available

The All Progressives Congress has published a revised calendar and schedule of activities for the 2027 general elections, adjusting the timelines for screening, primaries, roll calls and related internal party processes, while also publishing designated bank accounts for the purchase of expression of interest and nomination forms. The notice, issued on Monday by the party’s National Secretariat, Buhari House, Abuja, …

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New NGX extension trading opens week in negative, losing N1.365 trillion

The Nigerian stock market, which entered a 7-hour trading session on Monday, opened lower, falling by N1.365 trillion as investors engaged in profit-taking activities on some mid- and large-cap stocks This resulting The market capitalization of listed stocks declined by 0.94% to N143.967 trillion from N145.334 trillion reported on Friday. The NGX All Share index also depreciated by 2,120.20 basis …

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Tinubu’s alleged endorsement list triggers fresh political unrest in the Senate and APC

…Senior lawmakers have reportedly written tickets for automatic re-election …The silence of the Presidency and the Senate fuels speculation about the realignment of power Daud Olatunji The Senate and the leadership of the All Progressives Congress (APC) have remained tight-lipped over fresh allegations that President Bola Ahmed Tinubu has approved a list of serving lawmakers for automatic return tickets ahead …

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The First Lady presents the National Community Food Banking Program for North East Borno – THISAGE

….. Zulum Project Commission By Salihu Pirkusu, Maiduguri The President’s wife, Senator Oluremi Tinubu, on Monday canceled the National Community Food Bank Program (NCFBP) aimed at fighting hunger and malnutrition nationwide. The Nigerian First Lady present in Maiduguri presented the program for the north-eastern states of Borno, Yobe, Adamawa, Bauchi, Gombe and Taraba. This is because the First Lady commissioned …

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Equity market halts bullish run as investors lose N1.3tr

Investors in the Nigerian equity market lost N1.3 trillion at the close of trading on Monday thereby halting 17 consecutive days of profit taking. This follows the fall in the prices of shares such as Trans Expr, First HoldCo and UBA, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 223,602.29 points from 225,722.49 points …

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