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The Federal Government has started the issuance of Proof of Ownership Certificate (POC) for all categories of registered vehicles nationwide. Unveiling the new policy at the Bagauda Kaltho Press Centre, Alausa, Lagos, the Permanent Secretary, Ministry of Transportation Engr AbdulHafiz Toriola said the certificate which will come into force in the State in July ,would […]

The Abuja division of the Federal High Court on Tuesday dismissed the suit filed by Premiere Academy, Lugbe, seeking to stop the Federal Competition and Consumer Protection Commission (FCCPC) from investigating the circumstances, which led to the rape and death of 14 year old Keren-Happuch Aondodoo Akpagher. Justice Evelyn Maha in her judgment, dismissed the […]

*Calls For Legal, Operational Reforms *Don’t Judge Us Based On Presidential Election – INEC The European Union Election Observation Mission (EU EOM) to Nigeria, has called for legal and operational reforms in the nation’s electoral process. The call, the EU EOM said, became necessary in order to enhance transparency, inclusiveness, and accountability in Nigeria’s electoral […]

The Indian government has approached an Abuja High Court seeking an order compelling the Federal Government of Nigeria to extradite two of its nationals whom it has accused of financial crimes but are living large in Africa’s biggest economy. After failed diplomatic efforts to have the Nigerian government extradite the Indian brothers, Nitin and Chetan […]

Bisi Makanjuola has been elected as the new Chairman of the Nigerian Bar Association (NBA) Lagos Branch following the announcement of results at the end of the Lagos Bar elections just a few moments ago. He will succeed outgoing Chairman Ikechukwu Uwanna as Chairman of the Premier Bar Branch. His nearest rival, Mr. Mayowa Owolabi, […]

Mr Clement Onwuenwunor (SAN), the lead counsel for the Peoples Democratic Party (PDP) governorship candidate in Lagos State, Mr Abdulazeez Adediran, has accused the West African Examination Council (WAEC) official of compromising evidence in his testimony. The official was subpoenaed by the court to give evidence on the controversy surrounding the qualification of Governor Babajide […]

*Says $800m Loan To Nigeria Was Approved December 2021 The World Bank has predicted that the Federal Government will save N2 trillion in the remaining six months of 2023 with the removal of petrol subsidy and over N11 trillion by 2025. The World Bank made this projection in its June 2023 Nigeria Development Update released […]

Naira Jumps on Improve FX Balance at I&E Window The Nigerian naira spot rate closed healthier on Monday at the investors’ and exporters’ foreign exchange window after the local currency weight declined against the United States (US) dollar. FMDQ Exchange showed that the naira was exchanged for N768.17 against the US dollar at the investors […]

Nigeria Needs Roadmap to Diversify Economy – NECA The Nigeria Employers’ Consultative Association (NECA) has advocated the need for the country to articulate a definite roadmap to diversify the economy toward non-traditional tradable goods and services. The association’s Director-General, Mr Adewale Oyerinde, made the call at a news conference on Monday in Lagos. The meeting […]

Few Banks Capital Ratios to Fall Below 10% – Peter Amangbo, Globus Bank Chairman On account of expected revaluation gains, a number of deposit money banks will see increased profitability in financial 2023 following the Central Bank of Nigeria’s (CBN) decision to liberalise its exchange rate policy. The apex bank has continued to ring-fence some […]

Equities Market Adds Weight Over Sustain Tier-1 Banks Rally Equities investors show they are not giving up yet driving an uptick momentum in the Nigerian stock market by pumping money into stocks with upside potential and those counters that are relatively underpriced. The uptrend has been maintained despite the absence of foreign portfolio investors’ participation. […]

Futureview Estimates 54% Upside in WAPCO Equities research analysts at Futureview financial service Limited have estimated a 54% upside potential in cement producer Lafarge Plc (Ticker: WAPCO) amidst a sustained rally in the Nigerian Exchange. A buy rating accorded to the stock suggests that the investment firm has rich sentiment toward the cement company’s market […]