Author: David Great

PZ Cussons said on Tuesday it has offered to buy out minority shareholders of PZ Cussons Nigeria (PZCN) and aims to de-list the business from the Nigerian stock exchange amid “foreign exchange challenges” in the country. “The group believes the offer to be attractive for the minority shareholders of PZCN, particularly given the recent macroeconomic developments and foreign exchange challenges,” the company said in a statement. Inflation in Nigeria has reached double digits since 2016, rose to its highest level in nearly two decades in July at 24.08% against 22.79% in June after the country scrapped a popular but costly…

The Presidential Election Petitions Tribunal has ruled that the Electoral Act 2022 does not include any provision for electronic transmission of election results. The Bimodal Voter Accreditation System (BVAS), according to the five-member panel led by Justice Haruna Tsammani, is the only technological gadget that the Independent National Electoral Commission (INEC) must utilize for the election. Concerning noncompliance with the Electoral Act and INEC Regulations and Guidelines, Justice Tsammani stated that there is nothing in the regulation that requires the BVAS to electronically send polling unit results. PEPT Judgement: Tribunal rejects 10 out of 13 witnesses presented by Obi The…

President Bola Tinubu has praised Indian investors who have made major investment pledges totaling over $14 billion. Tinubu gave the remark on Wednesday during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, according to Ajuri Ngelale, special adviser to the President on media and publicity. The President, according to a statement released by Ngelale assured them “best returns for investment possible,” adding that “there’s nowhere else like our country. Nigeria offers the best returns for investment today, so invest now.” Ngelale listed the investors as Indorama Petrochemical Limited, which pledged a $8 billion new investment in the expansion…

The Presidential Election Petitions Tribunal has rejected 10 of the 13 witnesses produced by Labour Party Presidential candidate Peter Obi. On Wednesday, Justice Haruna Tsammani, who took over to deliver judgment on Obi and LP’s substantive petition, stated this. Tsammani stated that Obi called 13 witnesses, who testified as PW1 through PW13, noting that only three witnesses’ statements under oath were presented with the petition. According to the Justice, the remaining ten witnesses were subpoenaed and their sworn witness statements were only filed after the hearing began. Tsammani ruled that, under section 285 of the Nigerian constitution, section 137(7) of…

Sen. Abubakar Ohere’s victory in the Kogi Central senatorial race was declared null and void by the Kogi State election Petition Tribunal on Wednesday. Natasha Akpoti-Uduagan was also proclaimed the true winner of the February Kogi central senatorial election by the court. Tribunal sacks Kogi east senator, orders rerun The Tribunal Chairman, Justice K. A. Orjiako, who read the unanimous verdict of the three-man panel, stated that Ohere results were inflated in nine polling units of Ajaokuta Local Government Area (LGA), while Natasha results were intentionally reduced in the areas by the Independent National Electoral Commission (INEC), as well as…

Following a smoke problem, a probable fire was averted at Terminal 1 of the Murtala Muhammed International Airport in Ikeja, Lagos, on Wednesday morning. The incident was reported about 7:50 a.m., according to the Federal Airports Authority of Nigeria (FAAN)’s Director, Public Affairs and Consumer Protection, Abdullahi Yakubu-Funtua. The source of the smoke, according to the authorities, was determined as coming from the terminal building’s basement. Rivers: Report suspicious threats, violence over PEPT Judgement – Fubara “Promptly responding to the situation, the dedicated firefighters from the Aerodrome Rescue and Fire Fighting Services (ARFFS) of the Murtala Muhammed International Airport initiated…

The Peoples Democratic Party’s (PDP) Atiku Abubakar and the Labour Party’s (LP) Peter Obi were both absent as the Presidential Election Petitions Court convened in Abuja on Wednesday. The two presidential candidates from opposing parties are contesting the declaration of Bola Tinubu as the winner of the 2023 presidential election by the Independent National Electoral Commission (INEC). However, when the proceedings at the Appeal Court began, they were noticeably absent. When the Tribunal’s Chairman, Justice Haruna Tsammani, requested the petitioners and respondents to introduce themselves, LP’s Julius Abure took the place of the former Anambra State governor. PEPT Judgement: Charly…

The National Assembly Election Petition Tribunal in Lokoja, Kogi State, has removed Jibrin Isah of the All Progressives Congress (APC) as the senator representing Kogi East senatorial district. It directed the Independent National Electoral Commission (INEC) to hold a supplementary election between him and Victor Adoji of the Peoples Democratic Party (PDP). The Tribunal ordered a rerun in 94 polling units with over 59,730 votes in its verdict on Tuesday. The Tribunal Chairman, Justice K.A. Orjiako, who delivered the judgement on the petition brought before it by Adoji, agreed with the PDP candidate’s prayers through his Counsel, Johnson Usman (SAN),…

Britain is to ban Russian mercenary outfit the Wagner Group as a terrorist organisation, Defence Secretary Grant Shapps confirmed Wednesday. “Given the activities they’re involved with, it’s important that as far as the UK is concerned, it will be illegal to be part of them,” Shapps told Sky News. His comments came hours after British media reported that Home Secretary Suella Braverman was to make the Wagner Group a “proscribed” organisation under anti-terror laws, putting it on a par with Islamic State and al-Qaeda. “Wagner is a violent and destructive organisation which has acted as a military tool of Vladimir…

Controversial entertainer and activist, Charles Oputa, popularly know as Charly Boy has called on supporters of the Labour Party (LP), known as “Obidients,” to occupy all streets in the Federal Capital Territory (FCT) ahead of today’s Presidential Election Petition Tribunal (PEPT) verdict. The  musician, who made the call via his X (previously known as Twitter) page, emphasized that the step was required to reclaim their (Obidients) mandate, which he said had been stolen. “We must recover our stolen future from these criminals or face the most horrific hardship ever,” Charlie said in his post on X Fellow Obidient’s, Anyhow, we…