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The Nigeria presidential election tribunal is expected to uphold Bola Tinubu's victory in the February election. Atiku Abubakar and Peter Obi challenged the results, citing irregularities and accusing the electoral body of breaching the law. If the tribunal rules in Tinubu's favor, the challengers can still appeal to the Supreme Court. Tinubu faces the challenging task of addressing economic issues and gaining public support for his reforms.
Fidelity Bank Plc has announced a remarkable 204.4% increase in Profit Before Tax for the first half of 2023. The bank's financial results showcase significant growth in earnings, loans, deposits, and assets, reinforcing its position as a leading financial institution in Nigeria. The bank's CEO, Nneka Onyeali-Ikpe, expressed satisfaction with the bank's performance and emphasized its commitment to delivering sustainable value to shareholders. Fidelity Bank has been recognized with various awards, highlighting its excellence in serving SMEs and fostering entrepreneurship in Nigeria.
Ebonyi State Union in the United Kingdom has awarded scholarships to 68 students from Ebonyi State studying in tertiary institutions in Nigeria. The students, selected on merit, received a grant of N50,000 each. The annual scholarship scheme aims to support less privileged students and promote education in the state.
The Edo State Governor, Mr. Godwin Obaseki, has charged the newly sworn-in Permanent Secretaries in the State's public and civil service to be beacons of light and effectively contribute their quota in reshaping the State and placing it on the path of sustainable economic growth and prosperity.
A group known as South-South Professionals & Transparency Initiative (SSPTI) has called on the Federal Government not to give in to cheap blackmail aimed at obstructing the renewal of Tantita Security Services' contract. The group highlighted the significant progress made in curbing crude oil theft and illegal oil trade in the Niger Delta region since Tantita took charge of pipeline surveillance in 2022. They dismissed the blackmailers as enemies of the nation and the region.
The 2023 Presidential Election Petition Court (PEPC) is set to deliver its judgment tomorrow on the three petitions challenging the victory of President Bola Ahmed Tinubu in the February 2023 presidential election. The petitions were filed by Atiku Abubakar of the PDP, Peter Obi of the Labour Party, and the Allied Peoples Movement (APM). The petitioners are seeking the nullification of Tinubu's victory, claiming election rigging and misconduct. The judgment will be televised live for transparency.
The South-South Professionals & Transparency Initiative (SSPTI) has called on the Federal Government to renew the pipelines surveillance contract of Tantita Security Services Limited (TSSL). The group highlighted the remarkable achievements of TSSL in curbing crude oil theft and pipelines vandalism in the Niger Delta region. It emphasized the need to support TSSL and rejected the ongoing blackmail against the contract renewal.
Former Nigerian President Olusegun Obasanjo has revealed the reason behind his choice of the late President Musa Yar'Adua as his preferred successor. Despite knowing about Yar'Adua's health concerns, Obasanjo pointed to medical advice that deemed him fit to handle the role of President. He also emphasized Yar'Adua's integrity and competence as key factors in his selection. In a recent interview, Obasanjo dismissed allegations of deliberately putting up weak candidates, stating that Yar'Adua's qualities made him the top choice.
Federal Capital Territory (FCT) Minister, Barr. Nyesome Wike, has expressed concerns over the agreement entered into by government officials in the N85 billion affordable housing project in Abuja. He queried the arrangement that allowed developers to build and sell affordable housing without any benefit to the government, suggesting that the government should receive 10% of the proceeds while the private sector takes 90%. With N21 billion already paid and N64 billion outstanding, the project has only achieved 24.5% completion after nine years.
The Peoples Democratic Party (PDP) has secured a resounding victory in the local government elections held in Edo State, Nigeria. The party won all 18 local government areas, spanning Edo North, Edo Central, and Edo South senatorial districts, reflecting a potential shift in the political landscape of the state. Critics argue that caution should be exercised in interpreting the victory, as local government elections often have less competition than national elections.
More than 60 people arrested in Nigeria in connection with an alleged gay wedding have been remanded in prison. Homosexuality is illegal in Nigeria and is generally viewed as unacceptable in most parts of Africa. The suspects are facing charges related to allegations of celebrating a gay wedding. The court has granted a remand request from the police, and the next hearing is scheduled for September 18. A 2014 anti-gay law in Nigeria includes a prison term of up to 14 years for those convicted and bans gay marriage, same-sex relationships, and membership of gay rights groups.
Latest news summary in Nigeria
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed dissatisfaction with the N85 billion contract for the provision of infrastructure for the Wasa Affordable Housing project in Wasa District, Abuja. Wike believes that the government should not spend such a large sum of money without reaping significant benefits. He suggests a revised partnership model that would involve the government holding a stake in the project and influencing the price of the houses.
Controversial singer Charly Boy has denied advocating for a coup in Nigeria. In response to a news article that accused him of "coup mongering," the singer dismissed the claims as cheap sensationalism. The article highlights recent military takeovers in Gabon and Niger, along with warnings from other Nigerian figures against supporting a coup in the country.
The Nigerian Stock Market witnessed an impressive increase in August, with the Nigerian Exchange All-Share Index reaching its highest level since March 2008. This surge was driven by robust purchasing emotions across various sectors, leading to a significant rise in market capitalization. Investors have continued to demonstrate confidence in the Nigerian market amidst global uncertainties, and the Consumer Goods sector emerged as the top gainer. Trading volume and value also recorded substantial growth, reflecting the market's broad gauge.
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