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Four men were on Friday arraigned at the Yaba Magistrates’ Court for allegedly defrauding their employer, Think Finance Microfinance Bank of N150m in the FESTAC Town area of Lagos State. The defendants include the company’s Head of Risk Management, Ojimi Ayodeji, the Loan Officer, Isaac Eddy, Joseph Setonji and Juwon Irinyemi, and were arraigned before […]

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.” SERAP also urged him to […]

Mr. Edieke Jumbo, Esq., a lawyer, has filed a lawsuit at the High Court of Justice, Uyo, alleging that the Public Relation Officer of the Ikot Ekpene Branch of the Nigerian Bar Association removed his contact from the branch’s WhatsApp group, violating his fundamental right to freedom of association and association. The lawsuit is anticipated […]

The Nigerian Bar Association (NBA), Ikot Ekpene Branch, successfully conducted its election on Friday, June 23, 2023, at the Godswill Akpabio Bar Center. The election saw the emergence of a new executive committee to lead the branch for the next tenure. The following individuals were elected as officials to serve in various capacities: Ukpong Okodi, […]

A Federal High Court sitting in Awka , Anambra State, on Wednesday, 21st June, ruled that the Minister of Finance, Budget, and National Planning is never permitted to deduct the statutory allocation from the Federation Account that is owed to a State in a suit brought by the Attorney General of Anambra State against the […]

Naira Slumps to N770.17, Parallel Market Quotes N770 The Nigerian naira depreciated further to N770.17 per United States (US) dollar at the Investors, Exporters’ (I&E) Foreign Exchange (FX) window on Friday as traders continue to search for a market clearing rate. Following the apex bank fx reform, the market is expected to remain volatile in […]

MSCI Halts Plan to Downgrade Nigeria Indexes MSCI has announced a decision to extend its consultation on the potential reclassification of the Nigeria Indexes from the frontier to standalone market status following recent developments in the FX market. The index had threatened to downgrade Nigeria’s indexes as a result of the Central Bank of Nigeria’s […]

Equities Investors Lose N86bn as NGX Ends in Red With weekend profit taking, the trading activities on the floor of the Nigerian Exchange (NGX) ended on a negative note, losing about N86 billion on Friday’s close after a week long rally. Key indices slide as TOTAL, CONOIL, and GTCO were sold off by equities investors. […]

Power outage at the Anambra State Judiciary Complex disrupted proceedings during the National Assembly Elections Petition Tribunal in Anambra, thereby forcing a long adjournment. The tribunal, chaired by Justice L.O. Ogundana, while adjourning proceedings at the tribunal, turned down the offer by a counsel to one of the defendants, who volunteered to provide diesel to […]

The Director-General, World Trade Organization, Ngozi Okonjo-Iweala, has called on Nigerians to relax and stay united, noting that the attacks on her over her picture with President Tinubu were unnecessary. She noted that the controversy surrounding why her picture with President Tinubu was posted late on her Twitter account shows how polarised Nigerians are. Okonjo-Iweala […]

Russian President Vladimir Putin vowed on Saturday to crush a rebellion by Yevgeniy Prigozhin’s Wagner mercenary fighters, who seized key military facilities in southern Russia and then sent a convoy rolling north toward Moscow — an extraordinary threat to the Russian capital that prompted officials to declare emergency counterterrorism measures including travel restrictions and the […]

Governor Hyacinth Alia of Benue State has the 23 Local Government council chairmen remain suspended until the probe against them is concluded. He said this while reacting to the claims the council chairmen at a press briefing in Makurdi, the state capital, on Saturday. At the briefing, the council chairmen vowed not to obey the […]