Press Statement: The soaring popularity of the candidates of the Peoples Democratic Party – PDP, in the 2023 gubernatorial elections in Lagos state Dr Abdul-Azeez Olajide Adediran-JANDOR and Funke Akindele as evidenced in their acceptance reception by the various groups during their tour of Alimosho communities remains a pointer to the rejection of the current…
ABSTRACT Alternative Dispute Resolution (ADR) has come to stay in the Nigerian polity and has now been widely accepted as a quicker and more effective route to the settlement of commercial disputes. ADR has rightly been described in various quarters, as a surrogate to litigation in the Nigerian Judicial System. This description is not strange…
A regional railway advocacy group, the African Railway Roundtable has defended the need for the unbundling of Nigerian Railway Corporation, declaring that breaking the corporation into relevant sub-agencies is not the same as privatisation. In a statement by its Director, Olawale Rasheed, the group said the recent statement of the Nigerian Transportation Minister was largely…
The Central Bank of Nigeria (CBN), in line with its mandate to promote stability, inclusion and growth in the financial and payment system, has announced the introduction of a National Domestic Card Scheme effective January 16, 2023. The statement from the apex bank reads as follows: “Nigeria is Africa’s largest and most vibrant economy and…
21 October 2022: Human RightsThe UN human rights office, OHCHR, on Friday appealed for calm and restraint in Chad following a deadly crackdown on anti-government protests Human Rights High Commissioner Volker Türk has deplored the deadly use of force against demonstrators, including killings by live ammunition, the Office said in a statement. Thousands took to…
The Nigerian Agricultural Insurance Corporation (NAIC) sympathises with flood victims across the country. The Corporation shares the pains and agony of victims and stand with them at this trying period. Therefore, as a caring and responsive organization, we are using this medium to assure our insured clients that their genuine claims will be given utmost…
The Nigeria Export Processing Zones Authority (NEPZA) has vowed to call up contract bonds from contracted companies that decided to willfully prolong execution of assigned projects with the hope of triggering `variation clause’. Prof. Adesoji Adesugba, Managing Director of the Authority, dropped the hint in Abuja after receiving Report of the NEPZA 2017-2021 Capital Projects…
Invest in the USA (IIUSA) and Abuja Chamber of Commerce and Industry (ACCI) are set to host an information series on EB-5 investment visa for Nigerians that would want to take advantage in investing in the United State of America. About 80 percent investors from four countries; China, South Korea, Taiwan and the United Kingdom…
•As international court says no reasons to stop arbitration The International Court of Arbitration administered by the International Chamber of Commerce (ICC), Paris, France has affirmed the legal and beneficial ownership of Sunrise Power and Transmission Company Limited (SPTCL) in the $5.8 billion Mambilla hydro-electric power project. Sunrise and its Chairman/Chief Executive Officer, Leno Adesanya…
BEIJING, Oct. 16 (Xinhua) — The presidium of the 20th National Congress of the Communist Party of China (CPC) held its first meeting at the Great Hall of the People on the afternoon of October 15. Xi Jinping was present and delivered an important speech. Presided over by the congress’ secretary-general Wang Huning, the meeting…
