Godwin Emefiele The Federal High Court in Abuja has given former Governor of the Central Bank of Nigeria, Godwin Emefiele, till January 25 to appear in court to explain the circumstances surrounding the $53m judgment debt arising from the Paris Club refund. Justice Inyang Ekwo, in a short ruling on Wednesday, gave Emefiele another opportunity…
The Akwa Ibom State governor, Pastor Umo Eno, has named Ovation International Magazine Editor, Mr. Michael Effiong James as Senior Special Assistant (SSA), Lagos Liaison. The appointment was contained in a letter, dated November 1, 2023, and signed by the Secretary to the State Government, Prince Enobong Uwah. According to the letter, which also named…
Rivers State Governor, Siminalayi Fubara •Nobody can intimidate me, impeachment not a coup, FCT minister insists •Crisis will be resolved, says Fubara, PDP govs plan Port Harcourt meeting A Rivers State High Court sitting in Isiokpo, on Wednesday, issued an interim order restraining the Rivers State House of Assembly from proceeding with the planned impeachment…
Naira and Dollar A US multinational financial services firm, JP Morgan, on Wednesday projected that the naira would trade at N850/$ at the Investors’ and Exporters’ Forex window before the end of 2023. However, the US bank said the recent efforts to restore a flexible FX regime may be sustained given the willingness to accompany…
In the heart of Edo State, it’s time for deep introspection, self-reflection, and candid conversations. Through its historical journey, from the glorious days of Ogbemudia to the scholarly era of Prof Ambrose Ali, and on to the tumultuous reigns of military regimes and the challenging term of Godwin Obaseki, Edo has witnessed a rollercoaster ride…
President Bola Tinubu Barely 24 hours after seeking the approval of the N2.18 trillion Supplementary budget, President Bola Tinubu has sought the approval of the Senate for another $7.8 billion and another €100 million borrowing plan. The request of the president was contained in a letter to the Senate, read during the plenary by the…
Businessman and chieftain of the All Progressives Congress (APC) in Oyo state, Chief Abisoye Fagade has told those accusing President Bola Ahmed Tinubu of nepotism to jettison primordial sentiments, vindictiveness and bitterness with a view to supporting the current administration in its drive to take Nigeria out of the doldrums. Fagade’s submission came against the…
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. According to the…
The federal government is planning to spend N1.5 billion on vehicles for the Office of First Lady amidst economic challenges facing the country. The amount is contained in the supplementary budget sent to the National Assembly for approval. President Bola Tinubu had on Tuesday asked the National Assembly to approve the N2.17 trillion supplementary budget. The budget…
The organisers of the annual ‘Warri Again Concert’, Brownhill Investments Company Limited, have instituted a N2.3bn suit against hip-hop artiste, David Adeleke, popularly known as Davido, over an alleged breach of agreement/contract entered into between them. Brownhill Investments Company Limited, owned by a former President of the Nigeria Football Federation, Mr Amaju Pinnick, filed the…
