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The number equivalent to the sum of four and one; one more than four.
Former pastor at the Redeemed Christian Church of God (RCCG), Prince Afolabi Ghandi Laoye, has been installed as the new Soun of Ogbomosoland in Oyo State. Governor Seyi Makinde approved Pastor Laoye's appointment, which was backed by established processes under the law. This article provides an overview of the installation ceremony and highlights Pastor Laoye's background and aspirations as the new Soun of Ogbomosoland.
The Nigerian stock market experienced a decline as indigenous investors took over the market following the withdrawal of foreign investors. The market index fell by 0.3% due to heavyweights' inflated valuations and consecutive days of selloffs. Despite mixed market activities, the Industrial and Consumer Goods sectors suffered losses, while the Banking sector recorded a slight appreciation. MORISON emerged as the top loser, while BETAGLAS saw the highest price appreciation. Overall, market capitalization declined by N112 billion as indigenous investors dominated the Nigerian index.
The state election tribunal in Yenagoa, Bayelsa state, has nullified the election of the Sagbama/Ekeremor federal constituency and sacked Hon Fred Agbedi of the Peoples Democratic Party (PDP). The tribunal ordered a fresh election within ninety days due to the violent incidents recorded during the previous election. INEC has been instructed to conduct the fresh election in certain wards and units. Hon Agbedi has stated his willingness to contest in the supplementary election.
African leaders have put forth a series of innovative global tax proposals to secure financial resources for combating climate change. The Nairobi Declaration outlines their strategies, which will guide negotiations at the upcoming COP28 summit. These proposals include a global carbon taxation framework and a global financial transaction tax. The declaration also calls for reforms in the multilateral financial system and the formulation of a new Global Climate Finance Charter by 2025.
Ingryd Academy and the Lagos State Employment Trust Fund have joined forces to provide technology training to 60,000 Nigerians over the next five years. With an investment of at least N3 billion, the partnership aims to increase technology awareness and innovation in Nigeria. The Managing Director of Ingryd Academy highlighted the importance of technological skills in today's world and expressed the need for more people to embrace technology to support Nigeria's growth. The training programs offered by Ingryd Academy will cover areas like cybersecurity and software engineering.
The Nigerian appeals court has dismissed a petition by the opposition Labor Party challenging the legitimacy of President Bola Tinubu's victory in the February election. The court ruled that the claims made by the opposition leader, Peter Obi, were unsubstantiated. This decision has significant implications for the country's political landscape and the direction of its economy.
The Nigerian election tribunal has upheld the victory of President Bola Tinubu, dismissing the petitions filed by opposition parties. This ruling solidifies President Tinubu's leadership in Nigeria and sparks further disagreements from the opposition. Despite the court's decision, the opposition vows to seek further redress in court.
The opposition leader of Nigeria, Atiku Abubakar, has announced that he will appeal the verdict of a lower court that upheld President Bola Tinubu's victory in the fiercely contested presidential election. Abubakar believes that the court ruling lacks substantial justice and has instructed his lawyers to activate his constitutional right of appeal at the Supreme Court of Nigeria. The opposition leader's decision comes after a five-judge panel rejected the challenges brought by Abubakar and Peter Obi, the leader of the Labour Party, regarding alleged irregularities in the election.
The Presidential Election Petitions Court in Nigeria has dismissed the petitions filed by three political parties challenging President Bola Tinubu's victory in the May 2023 presidential elections. The dismissed petitions were from the Allied Peoples Movement (APM), the Peoples Democratic Party (PDP) with its flag bearer Atiku Abubakar, and the Labour Party (LP) with its presidential candidate Peter Obi. The court ruled that the petitions lacked merit and affirmed Tinubu as the duly elected president of Nigeria.
A lack of financing is hindering Africa's transition to a green and fair future. Despite being rich in natural resources and having great potential for renewable energy, the continent receives only 2% of global clean energy spending. The International Energy Agency (IEA) and the African Development Bank Group have called for a doubling of energy investment in Africa by 2030, with two-thirds of that going into the clean energy sector. It is essential to increase funding and create an investment environment that encourages private investors to participate in clean energy projects.
Nigeria's main opposition party, the PDP, has announced plans to appeal a court decision rejecting their request to contest the results of the February elections. PDP candidate Atiku Abubakar believes he did not receive justice and hopes that the Supreme Court will review the resolution. Meanwhile, President Bola Ahmed Tinubu has welcomed the ruling and called for collective efforts to build the nation.
The Nigerian presidential election tribunal has dismissed an opposition challenge to Bola Tinubu's victory in the February vote. This outcome aligns with the country's historical pattern of rejecting legal challenges to presidential election results. The People's Democratic Party and Labour Party, who came second and third respectively, alleged irregularities and called for the election to be invalidated. However, the tribunal ruled that the opposition's claims lacked credible evidence. While Tinubu's win is accepted by the international community, the ruling is unlikely to generate significant momentum for the president due to low voter turnout and ongoing challenges within the country.
The Nigerian presidential election tribunal has rejected the opposition's challenge to Bola Tinubu's win in February's disputed vote. This follows a pattern of legal challenges being dismissed and Nigeria's history of electoral fraud. Atiku Abubakar and Peter Obi, who came second and third respectively, alleged irregularities in the election. The tribunal ruled that the petitions lacked sufficient evidence to back their claims. While Tinubu's win has been accepted by the international community, the low voter turnout and economic challenges limit the goodwill towards him.
An appeals court in Nigeria has gathered to decide the legitimacy of President Bola Tinubu's election victory amid claims that he was not qualified to run for office. The ruling, which could be appealed, will have significant implications for the country's political landscape.
The Presidential Election Petition Tribunal has struck out paragraphs containing allegations of irregularities and corrupt practices in Peter Obi's petition challenging Bola Tinubu's victory in the presidential election. The tribunal ruled that the allegations were vague and failed to meet the requirements of pleadings. It also criticized the lack of specificity in identifying the polling units where irregularities were alleged to have occurred.
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