Twitter investors are suing Elon Musk and the social media platform over the handling of the billionaire’s $44bn (£34.9bn) bid for the company. The case alleges he violated California corporate laws in a number of ways. It accuses the Tesla boss of “wrongful conduct” as his “false statements and market manipulation have created ‘chaos’ at […]
Mr Milland Dikio, the Interim Administrator, Presidential Amnesty Programme (PAP), says the programme is partnering with the European Union (EU) to address the causes of instability in the Niger Delta. Dikio stated this when the Head of EU Delegation to Nigeria and ECOWAS, Ambassador Samuela Isopi, visited him in Abuja on Thursday. The News Agency […]
After appreciating for two days, the Naira on Thursday dipped against the green back by 0. 21 per cent at the Investors and Exporters window. The local currency exchanged at 418.88 to the dollar, compared to 418 traded on Wednesday. The open indicative rate closed at N419 to the dollar on Thursday. An exchange rate […]
The Federal High Court sitting in Lagos has held that the Nigerian Broadcasting Commission (NBC) acted beyond its powers in seeking to regulate the practice of advertising in Nigeria contrary to the provisions of the extant Advertising Practitioners (Regulation) Act of 2004. The court also declared that the NBC lacks the power to prohibit exclusivity […]
After weeks of political drama and campaigns, the All Progressives Congress held governorship primaries across states in the country. The primaries which had its share of political drama with some aspirants walking out and some condemning the process have produced winners in several states from Lagos and Ogun states where incumbents Babajide Sanwo-Olu and Dapo […]
The Federal High Court sitting in Yenagoa has restrained the Federal Government from issuing licences on marginal oilfields in the Niger Delta pending the determination of a pending suit. Marginal fields are shallow fields which may not produce crude oil in commercial quantity immediately and would require further development to boost volume. Some Ijaw leaders […]
The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has said that there was need to deploy more technology that would help to reduce opportunity for crime. Owasanoye said this at the 2-day joint operations of ICPC and Federal Road Safety Corps (FRSC) on effective and result oriented joint operations […]
The National Bureau of Statistics (NBS), says the price of selected food items have increased in the last twelve months. This is according to the NBS Selected Food Price Watch Report for April, 2022 released in Abuja on Thursday. The report showed that the average price of 1kg of Beans (white, black eye, sold loose) […]
The Supreme Court has reserved judgement in a suit filed by President Muhammadu Buhari and the Attorney General of the Federation, seeking an interpretation of Section 84(12) of the electoral act, 2022. The seven-man panel led by Justice Mohammed Dattijo, says the date will be communicated to the parties involved in the suit. The Apex […]
President Joe Biden on Wednesday signed an executive order that he said would bring more accountability and effectiveness to policing and criminal justice, on the second anniversary of the murder of George Floyd, a Black Minneapolis resident, by a police officer. “It’s a measure of what we can do together to heal the very soul […]