The Justice Hama Bakar-led Governorship Election Petition Tribunal sitting in Ekiti State today declared People’s Democratic Party (PDP) candidate, Segun Oni, as the duly elected governor of the state and subsequently dismissed the petition of the Action Congress, AC gubernatorial candidate in April 25, 2009 re-run election, Dr Kayode Fayemi as lacking merit.

Categorising banks – the latest phase of the banking reform as ‘spirit leads’. This is viewed in many quarters as another strategy to strip the banks of their assets and relegate the banks to small regional banks.

The African Development Bank Group has launched on an African climate institutions support project which will run from 2010-2012. The project is estimated at US$37 million and is part of ongoing efforts by the Bank to confront the problem of climate change.

Respite seems out of sight for investors of Juli Plc as the company’s woes continued, following its unimpressive performance in its first quarter ended, March 31, 2010 financial statement, with a loss after tax of N8.61 million, representing an increase of N3.35 million from a loss of N5.26 million recorded in the comparable period of 2009.

Japaul Oil and Maritime Services Plc has recorded significant improvement in its major financial indices in its first quarter ended, March 31, 2010 financial statements, announcing a 68.55 per cent growth in its profit after tax to N425.51 million compared to N252.46 million recorded in similar period in 2009.