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The Ogun State Government on Tuesday confirmed it had dragged the Nigerian Financial Intelligence Unit (NFIU), which is under the federal government, before the Supreme Court over its financial guidelines limiting cash withdrawals from the public accounts. The state, however, dismissed being a party to a case at the Supreme Court, challenging the constitutionality of […]

The Federal Inland Revenue Service, FIRS, has allayed fears over tax reforms that would lead to new taxing systems, stating the revenue agency was not planning new taxes. Chairman of FIRS, Zacch Adedeji, stated this at an interactive session with the Senate Committee on Finance at the National Assembly Abuja on Tuesday. Reacting to a […]

The Nigeria’s foreign reserves has risen to US$39.12 billion, representing 12.74% increase as of October 11, 2024, from US$34.70 billion at the end June 2024, the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has said. Cardoso, who stated this at an interface with the House of Representatives Committee on Banking, said the increase was […]Read More

The Federal Government, through the Ministry of Aviation and Aerospace Development, has directed foreign airlines to patronize local caterers for their in-flight meals. This directive was announced by the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, in a letter signed by Mr. Hassan Ejibunu, the Director overseeing the Office of the Permanent Secretary, […]

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has unveiled new regulations to simplify the process of obtaining petrol import licences and other operational regulations in the industry into a single document. It stated that previous regulations, administered by the defunct Department of Petroleum Resources concerning midstream and downstream operations, have […]

The Victor Oko-Jumbo-led Rivers State House of Assembly has reaffirmed its stance that the legislative seats of factional Speaker Martin Amaewhule and 24 others remain vacant following their defection from the Peoples Democratic Party, PDP, to the All Progressives Congress, APC. These seats, the Assembly insists, must be filled through a by-election conducted by the […]

The police on Tuesday arraigned a 29-year-old man, Shehu Garuba, for allegedly stealing an Automated Teller Machine card and withdrawing N810, 000 from the owner’s account. The defendant, of no fixed address, was arraigned before an Ado-Ekiti Chief Magistrates’ Court, on a charge of stealing. The prosecutor, Inspector Moyosola Adesola, told the court that the […]

Prof. Chukwuma Soludo, the Governor of Anambra State, has signed the controversial Local Government Administration Law despite significant opposition. In signing the law on Tuesday, October 15, Soludo referred to it as a move towards complete autonomy for local government areas in Nigeria, warning that it could lead to chaos. The Anambra State House of […]

An Aba-based lawyer, Nnanna Ukaegbu, has petitioned the state Chief Judge, Lilian Abai, over an alleged missing document in an ongoing court suit at a State High court in Aba. Mr Ukaegbu is a joint litigant in the suit, marked No: A/175/2007, with Lynn Ijioma and Anor Versus Abara Ijioma and six others, pending before […]

President Bola Ahmed Tinubu has welcomed the safe return of the senior national football team to the country after their ordeal in Libya, saying he was “deeply moved by the inhuman treatment endured by the Super Eagles”. The President has therefore called on the Disciplinary Board of the Confederation of African Football (CAF) to conduct […]

By Tochukwu Onyiuke (SAN) and Oge Anene In recent years, cryptocurrency has transformed from a niche digital asset into a significant component of the global financial system. As its use expands, countries like Nigeria have recognized the need for clear regulations to manage risks, protect investors, and foster innovation. However, Nigeria’s journey towards establishing a […]

Nigeria’s national electricity grid experienced another collapse on Monday, October 14, 2024, at approximately 6:18 pm, leaving millions of Nigerians without power. This marks the latest in a series of grid failures that have plagued the country’s power infrastructure. According to data from the national power grid, electricity generation dropped sharply from 3.87 gigawatts at […]