News

A Court of Appeal sitting in Abuja has overruled the judgment of the National and State Houses of Assembly Election Tribunal in Asaba which declared Ndudi Elumelu of the Peoples Democratic Party (PDP), as winner of the February 25 House of Representatives election for Aniocha/Oshimili Federal Constituency of Delta State. The appellate court in two judgments on Thursday declared Labour …

Abisoye Coker-Odusote, the National Identity Management Commission’s interim director general and chief executive officer, declared that using third-party services or paying bribes to NIMC personnel to hasten the registration or change of National Identification Numbers is illegal. This was revealed in a statement released by NIMC on Wednesday that stressed the significance of following the correct protocols set forth by …

The Nigeria Deposit Insurance Corporation (NDIC) has resolved to pay the liquidation dividends worth N16.18 billion for depositors of 20 failed banks. The NDIC Managing Director, Mr. Bello Hassan, disclosed this during the NDIC Day at the ongoing 44th Kano International Trade Fair in Kano on Friday. He gave the names of the affected banks as Liberty Bank, City Express …

Labour Party’s governorship aspirant in the forthcoming Edo 2024 election, Stephen Osemwegie, has expressed hope that the party’s presidential candidate, Peter Obi, would reclaim his mandate at the Supreme Court. Ripples Nigeria had reported last week that the five-man panel of the Presidential Election Petition Tribunal led by Justice Haruna Tsammani struck out Obi’s petition, including that of the Peoples …

Contrary to insinuations in some quarters, President Bola Tinubu actually promised the immediate past governor of Kaduna State, Nasir el-Rufai, not just a ministerial slot but the portfolio of the new Federal Ministry of Energy. Following the cast iron assurance by Tinubu, el-Rufai thereafter mobilized his team and produced a blueprint that got Tinubu excited ahead of his nomination. “Specifically, …

Investors at the Nigerian capital market took home N45.8 billion at the close of trading on Friday. This followed the rise in market capitalization to N39,148.84 trillion from N39, 102.97 trillion posted by the bourse on Thursday. The All-Share Index (ASI) also increased by 83.8 basis points to 71,541.74 from 71,457.92 recorded the previous trading day. However, the market turnover …

In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN}, on Monday, announced new measures aimed at curbing the activities of currency speculators. This was disclosed by the Acting Governor of the CBN, Folashodun Shonubi to State House correspondents at the Presidential Villa after briefing …

At least seven persons died and 40 others were injured in an auto accident along the Nangere-Gashua Road in Yobe State on Wednesday. The spokesman for the state police command, Dungus Abdulkarim, confirmed the accident to journalists in Damaturu. He said: “A fatal traffic accident occurred along Nangere-Gashua Road involving a trailer with registration no. XB 918 KTN loaded with …

The Nigeria Security and Civil Defence Corps (NSCDC) has arrested a suspected kidnapper, Muhammad Sani Rinji in Bauchi State. The NSCDC Commandant in the state, Ilelaboye W. Oyejide, who briefed journalists at the command headquarters in Bauchi on Wednesday, said the operatives also arrested a fake medical doctor simply identified as Usman Sadique Yelwa. He said: “The corps intensified efforts …

The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown. This represents a significant 23.29% or N255.98 drop in valuation compared to its previous closing rate. The Nigerian currency had on Thursday rebounded to close at N843.07/$1 at the official market. However, the …