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President Muhammadu Buhari, on Thursday, described as “un-Nigerian” the call made by former President Goodluck Jonathan to concede defeat in the 2015 presidential election. The President spoke at the Presidential Villa, Abuja, during a farewell meeting with his media support group, the Buhari Media Organization (BMO). He recalled how elated he felt when his immediate […]

A federal high court in Abuja has fixed September 20 to deliver judgment in a suit filed by Andrew Yakubu, former group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), against the Economic and Financial Crimes Commission (EFCC). Inyang Ekwo, presiding judge, adjourned the matter for judgment after counsel for the parties adopted […]

Emmanuel Ineh, a long and triple jumper from Nigeria, has been detained by the Tuscaloosa County Sheriff’s Department in the United States while rape-related investigation is conducted. The athlete, a former University of Alabama student, has reportedly been charged with first-degree rape after being detained in Tuscaloosa for repeated sexual assaults. “Emmanuel Ineh is charged […]

The federal government has inaugurated the Advertising Offences Tribunal Council that is vested with the power to regulate and control advertising in Nigeria in all aspects and ramifications. Minister of Information and Culture, Alhaji Lai Mohammad Thursday in Abuja inaugurated the six-man committee headed by Justice Cecilia Olatoregun. He said the members of the tribunal […]

President Muhammadu Buhari has granted automatic employment in the Federal Civil Service to 65 former members of the National Youth Service Corps (NYSC). Speaking at the NYSC 50th Anniversary Honours Award held at the State House Conference Centre, Abuja, on Thursday, the Nigerian leader also highlighted numerous achievements of the scheme since its establishment 50 […]

Governor of Kaduna State, Nasir El-Rufai, has revoked the Right of Occupancy of nine companies belonging to the former Governor of the State, Senator Ahmed Muhammed Makarfi, as the properties have been slated for demolition. It was gathered that the notice of revocation and withdrawal of the right of Occupancy was served to the officials […]

Naira Hits N465.13 after Worsening Inflation Data After maintaining its cool against the dominance of the United States (U.S.) dollar at the official window, the Nigerian naira has gone through a downward trend this week, hitting a new low on Wednesday. Nigeria’s weak local currency has forced an increase in demand for foreign-denominated assets as […]

HabariPay Records N945m Profit in First 6-Month Guaranty Trust Holding Company Plc.’s HabariPay Limited delivered an impressive earnings performance in the first six months after it obtained regulatory approval, according to its Group Managing Director, Segun Agbaje said. According to the audited financial statement of the group, HabariPay saw about N1 billion pretax profit in […]

Customs Impounds Tramadol Worth N1.8bn in Lagos Airport The Murtala Muhammed Airport (MMA) Command of the Nigeria Customs Service (NCS) seized 23 packages of tramadol with a Duty Paid Value (DPV) worth N1.8 billion between January and March. The Customs Area Comptroller, Mohammed Yusuf, at a news conference in Lagos on Wednesday said that the […]

AfDB Approves $11.7m for African Farmers to Access Fertilizer The Board of Directors of the African Development Bank has approved a $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations. The approval adds up to $16.4 million extended to the Facility to support its 2023 budget. It includes $4.7 […]

NGX Records N88bn Gain as Zenith, GTCO Rally The Nigerian Exchange (NGX) rose by N88 billion midweek as higher demand for shares of Tier-1 banks pushed the banking index higher; in addition to gains in Nigerian Breweries among others. Key performance indicators improve while year-to-date gain advanced amidst a sustained rally on growth, value stock […]

Access Bank Opens in Paris to Strengthen Trade, Investment Links Access Bank Plc opens a subsidiary in Paris to strengthen trade and investment links between Africa and Europe, Nigeria’s largest lender by balance sheet size said in a statement. As part of its strategic moves to boost trade and investment between Africa and Europe, Access […]