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A reputable law firm is delighted to announce career openings for experienced legal practitioners in a renowned international law firm located in Lagos Island, and led by a distinguished Senior Advocate of Nigeria with vast litigation experience. The firm seeks to expand its operations and looking to fill the following positions: POSITION 1: SENIOR ASSOCIATE […]

Nigeria’s $35bn External Reserves Balance Overrated Nigeria’s foreign reserves which printed at $35 billion as of Friday, according to data from the Central Bank (CBN) is estimated to include about 30% foreign currency that has been swapped with trading partners. The estimated figure released by Fitch Ratings suggests external reserves include at least $10 billion […]

Nigerian Bourse Gains N34bn as Banks Stocks Rally The equities segment of the Nigerian Exchange (NGX) recorded about N34 billion gain as banking stock gained popularity among value hunters in the local bourse. Keeping to the momentum, the Nigerian Exchange All-share index rose 0.1% last week to close at 52,465.31 points. As a result, market […]

Ikeja Hotel Posts Negative for Three Years Straight Ikeja Hotels failed to optimise shareholders’ wealth, though the hospitality company ramped up borrowings. Nigeria’s top hospitality company has suffered earnings, and it was stretched by the outbreak of the pandemic in 2020. In 2020, Ikeja Hotel reported N6.721 billion loss after tax, from about N835 million […]

The Federal Mortgage Bank of Nigeria has announced an increase in the National Housing Fund mortgage loan limit from N15m to N50m per applicant. Chairman of the Board of Directors, FMBN, Ayodeji Gbeleyi, disclosed this during the commissioning ceremony of the Lagos State Development and Property Corporation staff millennium mission planning and control station Ltd […]

CIG Group is a parent company to the three subsidiary firm CIG Motors, E-Homes and Lontor. It is an enterprise strategically positioned to bridge the economical gap between Africa and China. It has been at the forefront of bringing some of top brands in China to Africa, to expedite rapid growth in Africa’s burgeoning economy. […]

The Presidential Election Petition Tribunal (PEPT) will today commence pre-hearing session in the five petitions challenging the declaration of Bola Tinubu of the All Progressives Congress (APC), as the President- elect. The Chairman of the Independent National Electoral Commission, Mahmood Yakubu, had on March 1 declared Tinubu the president-elect on the grounds that his party […]

By OLADAPO JOHN AYOTOMIWA Introduction to the NDPR The Nigerian Data Protection Regulation(“NDPR”) was introduced on the 25th of January, 2019 by the National Information Technology Development Agency (“NITDA”) to administer, regulate, control and protect against personal data breaches and also ensure Nigerian businesses remain competitive in international trade.[1] Despite being a subsidiary legislation, the […]

A constitutional lawyer, Femi Falana (SAN), has said that only technology can resolve or conclude election petition issues in 14 or 21 days. “Now I am saying that if you conduct an election in February, if you embrace technology and make it work, we can conclude election petitions in 14 or 21 days,” Falana said […]

The Central Bank of Nigeria (CBN) has revealed that it is set to issue guidelines to promote safe and efficient use of contactless payments across the country. This, according to the apex bank is part of its effort to modernise and drive the cashless payment policy in Nigeria. The Director, Payment Systems Management Department at […]

Presidential Candidate of Labour Party (LP), Mr. Peter Obi, on Sunday paid a visit to Nobel Laureate, Prof. Wole Soyinka. Obi in a statement Sunday night described the visit as enriching, saying he had a useful discussion with him. Recall that supporters of Obi had attacked Prof. Soyinka over an interview where he said he […]

A former US intelligence analyst warned the UK’s National Crime Agency (NCA) to investigate the activities of a senior Nigerian politician before he trafficked a man to London in an attempt to harvest his kidney, the Guardian can reveal. On Friday, Ike Ekweremadu was sentenced to more than nine years in prison for being the […]