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Jumia Plans Strategy Shift to Boost Growth, CEO Says Mr Francis Dufay, the Chief Executive Officer (CEO), Jumia, a Pan-African e-commerce platform, says the company plans to shift strategy to enhance growth levels for the rest of 2023. Dufay, on Sunday in Lagos, while reacting to the company’s first quarter financial report, said Jumia’s new […]

NGX Jumps by N428bn as Financial Stocks Rally The equities segment of the Nigerian Exchange, NGX, rose by N428 billion as a result of buying interest in large, mid, and small caps companies’ stock.  This was a rebound from last week’s rout. The market witnessed strong bargain-hunting activities across tickers with attractive entry points, according […]

Oil Theft: FG Releases Seized Norwegian Tanker after Plea Bargain The Nigerian Navy on Sunday returned a Norwegian-registered vessel, MT Heroic Idun, caught attempting to steal Nigeria’s crude oil in August 2022. The navy arrested the oil tanker and its 26 Indian, Pilipino, Sri Lankan, and Polish nationals in August 2022, and later convicted them […]

Nigeria Spends $10bn on Fuel Subsidy in 2022 – AfDB President Dr Akinwumi Adesina, the President African Development Bank (AfDB), says fuel subsidy is killing Nigeria’s economy, costing it 10 billion dollars alone in 2022. At a lecture in Abuja, Adesina said Nigeria’s fuel subsidies benefit the rich, not the underprivileged, fuelling their government’s endless […]

Some suspected Yoruba nation agitators, in the early hours of yesterday, sprang up a surprise, by hijacking a radio station, Amuludun 99.1 FM of the Federal Radio Corporation of Nigeria (FRCN), with the intent to declare liberation from the Federal Republic of Nigeria. But it could not be immediately confirmed whether the invaders were members […]

By Oyetola Muyiwa Atoyebi, SAN INTRODUCTION States enter into treaties to allow their citizens to invest in those of other states for the advancement and profit of their respective economies. Despite these treaties, disagreements can arise because of human nature and the intricacy of commerce. In Nigeria, particular Statutes like the Arbitration and Conciliation Act […]

By Dr Zakiyyu Muhammad The Nigerian Law School is a prestigious institution that plays a vital role in shaping the legal profession in the country. Aspiring lawyers undergo rigorous training to develop their legal skills and knowledge. However, the current grading system employed by the school, which considers the least marks obtained in any given […]

A Nigeria-based anti-corruption group, Secure World and Liberty Initiative for Peace (SELIP), has petitioned the Economic and Financial Crimes Commission (EFCC) seeking the probe of outgoing Minister of Aviation, Hadi Sirika, for allegedly using the establishment of a national carrier, Nigeria Air, to perpetrate fraud and commit economic sabotage. The petition, which was addressed to […]

*Says He’s Confident Of Victory In Court Presidential candidate of the Labour Party (LP), Mr. Peter Obi, has said that campaigns of calumny are being hatched against him and his supporters in the coming months to defame his character. In a statement on Sunday, the former Anambra governor said even though the schemes will aim […]

The Serving Overseer of the Citadel Global Community Church, Pastor Tunde Bakare, says he visited the outgoing President, Muhammadu Buhari, last week and left the place so discouraged “that I need time to encourage myself in the Lord, my God.” He explained that the discouragement he felt was the reason he turned down an invitation […]

Turkey’s President Recep Tayyip Erdogan won re-election on Sunday, the head of Turkey’s Supreme Election Council (YSK) announced on Sunday, declaring Erdogan the winner of a historic runoff vote that is set to extend his 20-year rule until 2028. YSK Chairman Ahmet Yener said that Erdogan was elected as the new president with 52.14% of […]

President Muhammadu Buhari, Sunday night, said he looked forward to flying back to his cows and sheep in Daura, which are much easier to control than Nigerians. Speaking at the inauguration Dinner/Gala Night, organised by the Presidential Transition Council (PTC), at the State House Conference Centre, Abuja, outgoing President Buhari said, “I congratulate fellow Nigerians […]