A Federal High Court in Abuja has ordered the deregistration of the African Democratic Congress (ADC) and four other political parties over what it described as constitutional and electoral infractions. The judgment, delivered by Justice Peter Lifu on Monday, followed a suit instituted by the Incorporated Trustees of the National Forum of Former Legislators (NFFL), which challenged the continued existence of the affected parties because they failed to meet constitutional requirements for political party operations in Nigeria. The court held that the parties failed to satisfy key constitutional benchmarks relating to electoral performance and compliance with provisions governing the registration…
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Billionaire entrepreneur Elon Musk has projected that aerospace giant SpaceX could generate as much as $1 trillion in annual revenue by 2030, a forecast that significantly exceeds current Wall Street estimates and underscores the company’s ambitious growth plans. Musk made the prediction in a post on X over the weekend, just days after SpaceX’s historic public market debut, which pushed the company’s valuation beyond $2 trillion and cemented its position among the largest corporations in the United States. He further stated that he would be surprised if the company’s revenue does not surpass the $1 trillion mark by 2031. The…
This article was first published on the 4th of April, 2022. It is as relevant today as it was then. Only that it is now: No one is safe, not only nowhere. What with Generals being killed on the roads (read General Alkali), abducted from their fortified homes (read General Tsafe), or whisked on the highways (read General Rabe), and killed in the bushes, not in active service, or prisoner of war (POW), but as a shackled captive. Will those in power today do something about the insecurity bedevilling us before tomorrow, when they must be stripped of their convoys…
Billionaire entrepreneur Elon Musk has become the world’s first trillionaire after shares of SpaceX surged on their debut trading day following the largest initial public offering (IPO) ever recorded. The company’s shares climbed 11 per cent to $150 on their first day of trading on the Nasdaq exchange, pushing SpaceX’s market valuation to about $2 trillion and significantly boosting Musk’s personal fortune beyond the $1 trillion mark. SpaceX raised more than $75 billion through the landmark IPO after pricing over 555 million shares at $135 each. The offering, which attracted strong investor demand, is expected to pave the way for…
Shall we, in the fraternity of the pen, pause today to celebrate an icon, indeed, one of the towering figures of our time? Shall journalists, editors, publishers and custodians of public conscience across Nigeria and beyond not rise in unison to salute a man whose life has become inseparable from the story of our profession? At 91, Prince Sam Amuka-Pemu, CON—our beloved Uncle Sam—stands not merely as a witness to history but as one of its master craftsmen; a quiet giant whose life has ennobled journalism and whose humanity has dignified success. Today, therefore, I celebrate not merely the birthday…
President Bola Ahmed Tinubu has said terrorism-related deaths in Nigeria have declined by 81 per cent since 2015, attributing the development to intensified military operations, improved international collaboration and sustained counter-insurgency efforts. Tinubu disclosed on Thursday in his Democracy Day address titled “Our Generation Must Secure Prosperity,” where he highlighted security as a critical pillar of democratic governance and national development. The President acknowledged that the recent abduction of schoolchildren in Borno and Oyo states had cast a shadow over this year’s Democracy Day celebrations, but expressed optimism that the victims would be rescued safely. ALSO READ June 12: Tinubu…
President Bola Ahmed Tinubu has conferred national honours on 50 Nigerians in recognition of their contributions to the struggle for the restoration of democracy and the defence of democratic values in the country. The President announced the honours during his nationwide broadcast to mark the 2026 Democracy Day celebration, paying tribute to journalists, civil rights activists, politicians and military officers who played pivotal roles in resisting military rule and advancing democratic governance in Nigeria. Tinubu described June 12 as a defining moment in Nigeria’s history, noting that the sacrifices made by pro-democracy campaigners helped secure the democratic freedoms Nigerians enjoy…
Today is June 12. As we celebrate, maybe I should say mourn, the great events that followed the annulled election of 12th June 1993, let us not forget that the event was a very long time ago. 33 years is ancient history for a majority of Nigerians, with a population whose median age is 18 years. For those of us of a certain age and a tradition of democratic struggles, June 12 was Nigeria’s rite of passage to becoming a true and enduring democratic society. The big issue is that the June 12 narrative is a story of great heroes and…
Nigerian businesses grew more optimistic in May 2026, with confidence improving even as the country continues to grapple with insecurity, expensive borrowing, and multiple taxation. The Central Bank of Nigeria (CBN) released its latest Business Expectations Survey showing the Business Confidence Index (BCI) climbed to 7.9 points in May, nearly doubling from 3.9 points in April. What droves the improvement The apex bank said two key factors boosted business sentiment: Factor ContributionEasing governance & policy concerns 15.7%Progress in economic diversification 15.6% Businesses remain worried about energy supply challenges (26.7%) and geopolitical uncertainties (7.7%), which continue to weigh on operations. Sector-by-sector…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has formally received the prestigious Central Bank of the Year Award, dedicating the recognition to the Board, management and staff of the apex bank for their role in driving reforms and maintaining economic stability. Cardoso received the award during the Central Banking Awards ceremony held in London on Wednesday, where he described the honour as a reflection of the collective efforts of the institution rather than a personal achievement.In his acceptance speech, the CBN Governor thanked the organisers, Central Banking Publications, and the award judges for the recognition. He also…