Author: Vincent Osuwo

An Abuja High Court sitting in Maitama has granted N300 million in bail to Godwin Emefiele, the detained former Governor of the Central Bank of Nigeria (CBN). In a ruling given by Justice Hamza Muazu, the court further ordered the embattled former CBN governor to present two sureties, both of whom must be residents of the Federal Capital Territory, Abuja, and hold landed property in the Maitama District. It set November 28 as the start date for a full-fledged hearing on the six-count charge filed by the Economic and Financial Crimes Commission, or EFCC, against the defendant. Emefiele had already…

The Federal Government has announced the launch of Startup Support and Engagement portal. The portal, which is a crucial element of the Nigeria Startup Act’s implementation, is intended to drive the identification and aggregation of startups in the country. Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, announced this on X on Tuesday night. He tweeted, “We are pleased to announce the launch of the Startup Support and Engagement Portal, https://startup.gov.ng/, a key requirement for the implementation of the Nigeria Startup Act. Tinubu meets German chancellor, advances negotiations in power, rail investment “The startup portal will drive the…

Canada adopted tax measures on Tuesday to alleviate a severe rental housing scarcity by limiting income tax deductions on short-term rentals through sites such as Airbnb Inc. (ABNB.O.) and VRBO, joining many other countries in passing similar legislation. The new laws take effect on January 1 in provinces and municipalities that prohibit short-term rentals and affect deductions such as interest expenses, according to the federal government’s fall economic statement. According to the analysis, an estimated 18,900 residences in Montréal, Toronto, and Vancouver were used as short-term rental rentals in 2020, with the number “almost certainly increasing in recent years.” Airbnb,…

The Nigerian Senate, under the leadership of Senate President Godswill Akpabio, has announced the reshuffling of committee chairmen and vice chairmen. Senator Jimoh Ibrahim (All Progressives Congress, Ondo State) has been named Senate Committee Chairman on Inter-Parliamentary Affairs by Senate President Godswill Akpabio. Senator Natasha Akpoti-Uduaghan (Peoples Democratic Party, Kogi State) has also been appointed as the Chairperson of the Senate Committee on Local Content. He made the news during plenary on Tuesday when reshuffling the legislative cabinet. Akpabio disclosed the new structure immediately after the Senate minority leader was appointed. The standing committees reshuffling is coming  three months after…

Transfer insider Ben Jacobs believes that clubs might recruit the Nigerian striker for €120 million in the summer, giving Victor Osimhen’s suitors a boost in their intentions to sign the Napoli player. Chelsea, along with a number of other elite clubs, are seeking a new striker and have their sights set on the 24-year-old. As his contract negotiations drag on, Osimhen is anticipated to leave Napoli next summer as a result of a social media dispute. Osimhen is highly regarded on the European circuit and commands a large price. However, Jacob states that if the Nigerian does not sign a…

The Lagos State Police Command has stated that fans of the late musician Ilerioluwa Aloba, popularly called Mohbad, cannot seek the deceased’s corpse. This comes after fans and friends of the late artist demanded that his body be released for burial. Chronicle NG reported that Tuesday, November 21, 2023, marked two months since the corpse of the late Mohbad was exhumed and an autopsy was conducted to unravel the cause of the death of the singer. The police have said the autopsy report is not with them yet. Benjamin Hundeyin, the state police public relations officer, tweeted in September that…

The release of a certified true copy of the Court of Appeal verdict on the state governorship election caused confusion in Kano State on Tuesday. While the court’s widely reported verdict last Friday indicated that the appellate court upheld the petition tribunal’s decision to sack Governor Abba Yusuf, the state Attorney-General and Commissioner for Justice, Haruna Isa-Dederi, argued that the CTC of the judgment showed that Yusuf’s victory at the polls was affirmed by the appeal court. Isa-Dederi revealed this during a presale conference on Tuesday night. He stated that, as stated in the written judgment, the Court of Appeal…

A Court sitting in Florida found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Last Monday, Judge Reid Scott of the Circuit Court for Palm Beach County determined that the plaintiff in a fatal crash action could proceed to trial and seek punitive damages from Tesla for willful wrongdoing and gross negligence. The order has not previously been disclosed. The decision is a setback for Tesla, which earlier this year won two product liability cases…

Israel’s government and Hamas agreed on Wednesday to a four-day cease-fire to allow the release of 50 hostages held in Gaza in exchange for the release of 150 Palestinians imprisoned in Israel and the admission of humanitarian aid into the besieged enclave. Qatari officials, as well as officials from the United States, Israel, and Hamas, have been claiming for days that a deal is imminent. According to Israeli estimates, Hamas is keeping more than 200 hostages taken when its fighters stormed into Israel on Oct. 7, killing 1,200 people. According to a statement issued by Israeli Prime Minister Benjamin Netanyahu’s…

Argentina beat Brazil 1-0 away with a stunning header from Nicolas Otamendi in a tense World Cup qualifier that was delayed by 30 minutes on Tuesday after police battled with spectators at Maracana Stadium. Brazil’s first-ever home loss in a World Cup qualifier after going 51-13-0 in 64 previous games Argentina’s solitary goal came off a Giovani Lo Celso corner in the 63rd minute, and Brazil’s woes were worsened when midfielder Joelinton was sent off in the 82nd minute following a confrontation with Rodrigo De Paul. Brazil entered the match having suffered back-to-back defeats in World Cup qualifiers for the…