NewsReports

•Rich and poor gap widening as system responds to inflation ·Situation to persist as CBN’s policy committee meets next week – WTS At the backdrop of the surging inflation, financial market’s response has indicated that low income earners are now at the receiving end while high networth individuals (HNIs) and big corporate organizations are reaping the benefits in investment income. Recall …

Bail Application To Be Heard Nov. 22• Pleads Not Guilty To Amended Six-count Charge A federal Capital Territory (FCT) High Court sitting in Maitama, Abuja, yesterday, ordered the remand of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje Correctional Centre pending ruling on his bail application. Justice Hamza Muazu gave the order following Emefiele’s arraignment …

Liberia’s incumbent president and football legend George Weah conceded defeat on Friday evening after nearly complete returns showed opposition leader Joseph Boakai leading with 50.89 per cent of the vote. “Ladies and gentlemen, tonight the CDC (party) has lost the election, but Liberia has won. This is the time for graciousness in defeat, to put national interest above personal interest,” …

The founder of the New Nigeria Peoples Party, Dr. Boniface Aniebonam, has described Friday’s Appeal Court judgment sacking the Kano State governor, Abba Yusuf, as a “rude shock.” Boniface Aniebonam Reacting to the court ruling invalidating Yusuf’s election victory, Aniebonam insisted that only the NNPP can determine its members, not the judiciary. He said, “I do know that it is …

The Court of Appeal in Abuja has sacked Abba Yusuf as governor of Kano State, upholding the decision of the lower election petition tribunal that earlier nullified the governor’s election. A three-member panel of the Court of Appeal led by Moore Adumein, in a unanimous judgement on Friday, declared Nasiru Gawuna of the All Progressives Congress (APC) winner of the …

The Federal Government, on Thursday, said it has seized over N45 billion that was illegally looted from the national treasury. The Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, made the disclosure in his opening address at the 40th Technical Commission/Plenary Meeting of the Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA, held at …

The intractable economic downturn in the country led to the presentation of alcoholic beverages in pocket-friendly sachets and polyethylene terephthalate (PET) bottles by distilleries. But while the distillers are smiling to the banks over the successful business model, the country’s productivity and frail healthcare system are heavily impacted. Several aspects of private and national lives are seriously affected by alcoholism.  Phasing …

The National Peace Committee led by former Head of State,  Gen. Abdulsalami Abubakar, on Thursday, decried cases of violence, intimidation, and vote-buying, among other practices during last Saturday’s off-cycle governorship elections in Imo, Kogi and Bayelsa states. In a statement on Thursday, the peace committee said, “We are not unaware of the glitches recorded during the elections. Sadly, we have …

The National Judicial Council (NJC) has received a list of 22 nominees for 11 openings on the Supreme Court bench. The NJC is expected to pick 11 deserving candidates from the list and forward same to President Bola Tinubu, who shall appoint them to the Supreme Court bench, although, subject to Senate confirmation. Many news platforms, including Channels Television, reported Thursday that …

National Security Adviser, NSA, Mallam Nuhu Ribadu says kidnapping has replaced armed robbery in Nigeria today because people no longer carry cash about. He said, “These are four massive security problems and each is capable of bringing us to our knees. “If you have not noticed, kidnapping has replaced armed robbery. That is what is going on across the country. …