The Edo State Governorship Election Petition Tribunal has reserved judgment in the case filed by the Peoples Democratic Party (PDP) and its candidate, Dr. Asue Ighodalo, challenging the results of the September 21, 2024 governorship election. The tribunal, led by Justice Wilfred Kpochi, concluded the proceedings on Monday, March 3, 2025, after both parties adopted their final written addresses....

Jumia’s liquidity position improved to $133.9 million, helped by net proceeds from an at-the-market offering in August 2024. This reversed a decline of $106.9 million recorded in 2023. Net cash flows used in operating activities also showed improvement, reducing to $57.2 million from $73.0 million in the previous year. According to Jumia, key usage metrics improved in the fourth quarter,...

The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...

The Chairman of the Osun State Independent Electoral Commission (OSSIEC), Hashim Abioye, has raised concerns over the sealing of the commission’s headquarters in Osogbo.   Speaking on a live current affairs program on Rave FM on Saturday, Abioye expressed surprise at the development. Despite the action, he confirmed that the local government election had commenced across polling...

The Nigerian Naira recorded a slight appreciation against the U.S. dollar on Wednesday, strengthening to ₦1,490 per dollar in the parallel market, up from ₦1,502 per dollar on Tuesday. A similar trend was observed in the Nigerian Foreign Exchange Market (NFEM), where the currency appreciated to ₦1,499.8 per dollar, compared to ₦1,501 per dollar the previous day. According to data from FMDQ...