In a shocking move, President Bola Tinubu has declared a state of emergency in Rivers State, suspending Governor Siminalayi Fubara, his deputy, Ngozi Odu, and all members of the Rivers State House of Assembly for an initial period of six months. The president made the announcement in a nationwide broadcast, citing the political crisis and
Rivers State Governor Sim Fubara has raised an alarm over an alleged plot to declare a state of emergency in the state. The governor’s warning comes on the heels of a recent bomb scare at Hotel Presidential in Port Harcourt, the state capital. According to Fubara, the bomb scare was a deliberate attempt to create
By Kafayat Oyewo-Oyelere. An erudite professor of Islamic studies, Professor Abdulrazzaq Abdulmajeed Alaro, who was the former head of the Department of Islamic Law at the University of Ilorin and an adviser to the Central Bank of Nigeria on Islamic finance, has debunked the allegation that public roads constructed under “SUKUK ” in Nigeria are
Thousands of people in central Ukraine were left without electricity on Tuesday following a countrywide Russian attack involving more than 130 drones that damaged critical infrastructure. Kyiv and Moscow have recently escalated cross-border drone and missile attacks despite a US-led proposal for a 30-day ceasefire to Russia’s invasion of Ukraine. The governor of the Zaporizhzhia
Sterling Bank Limited has reaffirmed its commitment to youth empowerment and leadership development by featuring global youth advocate, Zuriel Oduwole, in the latest edition of the Sterling Leadership Series. In a statement issued on Tuesday, the bank highlighted the significance of the event, which was held at the Alliance Française de Lagos, Mike Adenuga Centre
The Nigeria Customs Service, Oyo/Osun Command, said it collected the sum of N2bn as revenue in February. The Customs Area Controller in charge of the command, Joseph Adelaja, disclosed this in a statement on Monday. Adelaja added that within the period under review, the sum of N165m was generated from anti-smuggling activities. He said, “Within
Over 400 filling stations of independent oil marketers located at border communities have remained shut since 2019 based on the Federal Government’s directive to halt the smuggling of petrol out of Nigeria to neighboring nations. While the Nigeria Customs Service declared on Monday that the stations would still be shut, oil marketers decried the closure
Lagos State Deputy Governor, Dr. Kadri Hamzat, has called for a transformation in parenting methods to align with contemporary societal changes, emphasizing the role of mothers in nurturing morally upright children. Speaking at the 5th Annual Ramadan Lecture/Prayer in honor of the late Oba Muftau Olatunji Hamzat, Dr. Hamzat highlighted the significance of instilling strong
Sterling Financial Holdings Company Plc has listed an additional 16.67 billion ordinary shares on the Nigerian Exchange Limited following the completion of its private placement. The NGX, in its Market Bulletin issued on Monday, confirmed the listing, stating that the newly added shares arose from Sterling HoldCo’s private placement of 16,666,666,667 ordinary shares of 50
Trading activity in the insurance sector of the Nigerian Exchange Limited remained strong on Tuesday, as investors exchanged 72.36 million shares across 951 deals, with Cornerstone Insurance Plc and International Energy Insurance Plc emerging as the top gainers. Market data showed that Cornerstone Insurance Plc recorded the highest price gain of 9.25 per cent, closing
