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The Senator representing Niger East Senatorial District, Sani Musa, on Monday, described as false and malicious, a hatched story sponsored by political detractors which indicated that some Senators-elect including him, had formed an alliance to ensure the return of Senator Ahmad Lawan, as President of the 10th Senate. Musa, a major contender for the position […]

The Economic and Financial Crimes Commission (EFCC), on Monday arraigned a businesswoman, Saadatu Ramalan-Yaro, two weeks after her initial arraignment in Lagos State. The citizen was docked before Justice Obiora Egwuatu of the Federal High Court in Abuja on separate charges of money laundering to the tune of over N140billion. She is accused of failing […]

In the Supreme Court of Nigeria Holden at Abuja On Friday, the 27th day of January, 2023 Before Their Lordships John Inyang Okoro Amina Adamu Augie Adamu Jauro Tijjani Abubakar Emmanuel Akomaye Agim SC.86/2017 Between REFUGE HOME SAVINGS & LOANS LIMITED APPELLANT And ALHAJI UMARU GARKUWA & 12 ORS RESPONDENTS (Lead Judgement delivered by Honourable […]

An Italian sports body penalized Juventus Football Club SpA, one of Europe’s best-known soccer teams, by pushing it down in the standings — a move that will likely cause it to miss the Champions League tournament. The federal appeals court of the FIGC, Italy’s football federation, gave Juventus a 10-point reduction in its Serie A […]

The Rivers State Election Petition Tribunal has struck out the petition filed by the All Progressive Congress (APC) following the withdrawal by the party’s counsel. With this withdrawal, the governorship candidate of the APC, Tonye Cole remains the only petitioner against the Independent National Electoral Commission (INEC), the Peoples Democratic Party (PDP) and its candidate, […]

The Hon. President of the National Industrial Court, Hon. Justice Benedict Kanyip, PhD, OFR has declared that Law Officers Association of Nigeria have the rights under the 1999 Constitution and other relevant laws in Nigeria to associate and function as a trade union, and ordered the Registrar of Trade Unions to immediately register the association […]

President Muhammadu Buhari on Monday assented to eight Bills passed by the 9th National Assembly. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, disclosed this in a statement in Abuja. Omoworare said the action of the President was in accordance with the provisions of the Acts Authentication Act […]

Rivers Governor Nyesom Wike has kicked off the construction of seven units of five-bedroom buildings for judges of Rivers State judiciary at the Akasa Street Old GRA where his administration recently demolished flats initially belonging to Bayelsa State. The Governor, however, said nothing had strained the relationship between Rivers and Bayelsa. Performing the kick-off on […]

Large FX Obligations Threaten Nigeria’s External Reserves Rising foreign currency (FX) obligations posed a big threat to Nigeria’s external reserves amidst lawmakers’ request that the apex bank should settle Airline operators blocked funds while Eurobond maturity payment is scheduled for July 2023.   Nigeria, one of the crude oil producing nations in Africa, has $35 […]

Inflation Fighting CBN to Hike Interest Rate 50bps -Analysts At double-digits, it is unlikely that the monetary policy committee of the Central Bank of Nigeria (CBN) will give up its inflation fighting mood too soon by keeping the policy rate on hold or reducing the benchmark interest rate. Analysts believe such a decision could attract […]

May & Baker Plc Sees 10% Price Decline Following a bearish record in the stock market, Ticker: MAYBAKER capped its weekly valuation loss at 10%, falling from N4.45 per share to N4, according to data from the local exchange. This may be an entry point for investors as the stock become cheaper to buy. MarketForces […]

FX Policy: Nigeria Faces Credibility Issues -CEO Tolu Osinibi, Chief Executive of FSDH Capital said there are still some credibility issues regarding whether foreign portfolio investors will trust any change in foreign exchange (FX) policy that’s introduced before the new administration takes over at the end of May 2023. The apex bank’s tight foreign exchange […]