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Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

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BOOK REVIEW: Personal Cost Control Strategies

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The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

NIA to Honour Past Governing Council Members

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Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

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NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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2023: Emefiele’s Case Against INEC, AGF Set for May 12

Justice A. R. Mohammed of the Federal High Court in Abuja has asked the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF), Abubakar Malami, to show cause on why the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele should not be allowed to contest the presidential election slated for next year.

This is contrary to a trending and misleading report that a Federal High Court has refused Emefiele’s request to restrain the INEC and the AGF from his presidential ambition.

Justice Mohammed has only summoned INEC and AGF to appear in court on May 12, to show cause on why status quo antebellum should not be granted to the CBN Governor.

The case, instituted to seek clarification about Section 84 (12) of the Electoral Act as amended, 2022, which according to the Counsel to the CBN Governor, Mike Ozekhome, does not affect him, being a public servant and not a political appointee, and thus, he could run for the post of the President of the Federal Republic of Nigeria without vacating his position as the CBN Governor.

Specifically, the Judge has summoned INEC & AGF to show up in the court on May 12 to explain why Emefiele should not be allowed to run.

Emefiele, through the suit, sought seven reliefs from the court, one of which was to declare him qualified to contest for the presidential post.

The reliefs include: “A DECLARATION that the Plaintiff can only be governed by or subject to the provisions of section 137(1) (g) and 318 of the Constitution of the federal republic of Nigeria, 1999 (as altered), which require a public officer seeking election into a political office to resign, withdraw or retire from his appointment at least 30 days to the presidential election, rather than by the provisions of section 84(12) of the Electoral Act, 2022 or the guidelines, rules, criteria, measures or conditions made by the plaintiffs political party or any political party,” read the court filing.

“A DECLARATION that the Plaintiff can validly participate in the primary election of a political party and is entitled to vote and be voted for as candidate of any political party of his choice for the purpose of the nomination of candidates for the election to the office of President or any other office under the constitution of the Federal Republic of Nigeria (as amended).

Having heard the Plaintiff, the court directed the Defendants, including INEC and AGF, to come to court on Thursday, 12th May, 2022, to show why the order for maintenance of status quo ante bellum should not be granted.

The Court also ordered the Plaintiff to deliver all processes to the Defendants, including a hearing notice.

 

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Topics

Independents to Account for 25% Oil Production by 2020

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

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Business Journal Nominated for 2 International Awards

Business Journal digital (online) news platform (businessjournalng.com) has continued to receive award nominations from various domestic and international organisations in recognition of its excellent editorial and digital reach. Reproduced below are just two of such nominations:

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