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Obaseki, Adesina, Others Explore Challenges, Opportunities For Businesses At BusinessDay CEO Forum

The Edo State Governor, Mr. Godwin Obaseki; President of the African Development Bank, Akinwunmi Adesina, and the Group President of MTN, Ralph Mupita, are among guests expected to speak at this year’s edition of BusinessDay’s flagship event, BusinessDay CEO Forum, scheduled to take place tomorrow, Thursday, July 13, 2023, at the Ballroom, Eko Hotel, Victoria Island, Lagos.
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The forum in its 14th edition brings together decision-makers in the country’s private and public sectors to discuss emerging opportunities and prevailing challenges they encounter in running their organisations.
The governor, whose visionary leadership has led to remarkable achievements across all sectors of Edo State, guaranteeing reforms and programmes to ensure an enabling environment for businesses to thrive and attract investments into the State, will at the event share insights and strategies on exploring the challenges and opportunities for businesses in Nigeria’s dynamic economic landscape.
Obaseki will also be leveraging his vast public-private sector experience in examining the intricacies of the business ecosystem, addressing challenges faced by entrepreneurs, and proffering innovative solutions to overcome them, ensuring that businesses are able to contribute immensely to the nation’s economic growth and development.
With the theme, “Charting a Course to Growth and Development,” the forum will focus on conversations that will equip CEOs from across Nigeria with approaches on how to stay ahead of the changing times in making decisions and executing strategies to manage their businesses.
At the forum, the President of the African Development Bank and a leading expert on development economics will be delivering insights to CEOs who are looking to grow their businesses in the African market, while Ralph Mupita, Global CEO of the MTN Group and a pioneer in the telecommunications industry will be of great interest to CEOs who are looking to make their businesses more sustainable.
Other guests expected at the forum are Osagie Okunbor, MD of Shell Petroleum Development Company/Chair of Shell Companies in Nigeria; Ibukun Awosika, Founder and CEO of The Chair Centre Group; Okey Enolamah, Founder of African Capital Alliance and Toyin Sanni, CEO of Emerging Africa Capital, amongst others.
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Appea Court Lack Jurisdiction To Declare Abure As The National Chairman Of LP – Supreme Court

The Supreme Court has overturned the Court of Appeal’s decision that recognised Julius Abure as the National Chairman of the Labour Party (LP). In a decisive ruling, a five-member panel declared that the Court of Appeal lacked the legal authority to determine the party’s leadership matters.
In a unanimous verdict, the highest court in the land stated that the Court of Appeal had no jurisdiction over the matter. The panel observed that since the case revolved around the internal leadership structure of the Labour Party, it fell outside the jurisdiction of the courts.
The ruling reinforced the long-standing principle that leadership disputes within political parties should be resolved internally, rather than through judicial intervention.
The Supreme Court stressed that leadership struggles within political parties are purely internal matters. According to legal principles, courts should not interfere in such issues, as they fall under the party’s constitution and governance framework. By upholding this legal doctrine, the apex court reaffirmed that political parties must settle their leadership crises independently.
The Supreme Court upheld the appeal lodged by Senator Nenadi Usman and a fellow appellant, ruling that their claims were valid. Their appeal challenged the earlier judgment, arguing that it was flawed due to jurisdictional overreach. After thorough legal scrutiny, the Supreme Court found merit in their argument and ruled in their favour.
The legal battle also involved a cross-appeal filed by supporters of Julius Abure, who sought to challenge the decision against their leader. However, the Supreme Court dismissed this cross-appeal, declaring it unsubstantiated and lacking merit. The ruling effectively ended the legal contest over the Labour Party’s chairmanship, cementing the judiciary’s stance on non-interference in party leadership disputes.
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Bitcoin Drops to $82,000 After Trump’s Tariff Announcement

Bitcoin experienced sharp fluctuations following President Donald Trump’s April 2 tariff announcement, initially surging to $88,000 before dropping to $82,000.
By April 3, it stabilized around $83,000, with the broader crypto market down over 4%. Major altcoins like Ethereum and Solana also declined over 6%, hitting multi-month lows.
Analysts see the tariff news as reducing market uncertainty, potentially attracting institutional investors.
Despite higher-than-expected rates, experts believe the clarity could help Bitcoin regain momentum toward $90,000. Bitcoin ETFs, led by BlackRock, recorded $218 million in inflows on April 2, reversing prior outflows.
Kraken’s Thomas Perfumo challenged the idea that institutional interest stabilizes crypto, emphasizing that volatility signals demand for a scarce asset.
Some analysts viewed the sell-off as an overreaction to trade policy concerns, highlighting Bitcoin’s resilience as a store of value.
With ETFs showing strong demand, Bitcoin’s price may stabilize and rise, though market participants remain cautious, monitoring trade policies and economic conditions.
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Clashes In South Sudan: 30 People Kill

Violent clashes between pastoralist groups and settled farming communities have long been a challenge in South Sudan.
However, the recent outbreak of violence in the northern Ruweng Administrative Area has further heightened concerns over the nation’s fragile peace. At least 30 people lost their lives after an armed youth group launched a brutal attack on a northern South Sudanese town, according to local officials.
The incident, linked to an escalating cattle raid, saw the town briefly fall under the control of the attackers before security forces regained control.
The violence began when a group of armed youth stole lambs earlier in the week. Security forces quickly intervened, forcing the raiders to retreat. However, instead of dispersing, the group reorganised and launched a more aggressive attack on Abiemnom the following day.
Local Minister of Information, Simon Chol Mialith, confirmed that despite resistance from local youth and security personnel, the town was overrun by the Mayom armed youth. The attack led to significant casualties and destruction before security forces were able to reclaim the town.
On Wednesday, the South Sudan People’s Defence Force (SSPDF) successfully pushed the attackers out, restoring a semblance of calm. However, the scale of the destruction was already severe, with over 40 individuals injured in addition to the fatalities.
Although reports suggest that some of the deceased were members of the armed groups, official confirmation remains pending.
The attack comes at a time of growing instability in South Sudan, with tensions between forces loyal to President Salva Kiir and First Vice President Riek Machar intensifying. This political rivalry threatens to unravel the delicate 2018 peace agreement that ended the nation’s five-year civil war.
Since gaining independence in 2011, South Sudan has struggled with continuous unrest. Despite its vast oil resources, the country remains impoverished, with conflicts like these exacerbating economic and social difficulties.