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Gunmen have allegedly abducted the Assistant Controller of Corrections of the Niger State Correctional Centre Minna, ACC Abdulrahamam Ibrahim Gelele. In a statement issued by the Command’s Public Relations Officer (PRO), CSC Rabiu Mohammed Shuaibu, the ACC was kidnaped since the April 17, 2024. Shuiabu disclosed that the officer was abducted along Ilorin – Minna […]

The South-South Zonal Office of the Federal Competition and Consumer Protection Commission has conducted an enforcement operation in some supermarkets in Woji area of Port Harcourt, Rivers State capital. The agency disclosed this in a post on it’s X handle on Thursday, adding that bags of rice suspected to be rebagged or underweight were confiscated […]

Hamma Bello, the eighth posecution witness in the trial of a former Head of Service of the Federation, Winifred Oyo-Ita, narrated before Justice James Omotosho of the Federal High Court, Maitama, Abuja, on Thursday how the defendant and her subordinates diverted public funds into their private companies. Oyo-Ita, the first defendant, is facing criminal prosecution […]

In a heart-wrenching tale shared on X (formerly Twitter), a young Nigerian man, known as naetochukwu01, has revealed how his mother’s anger derailed his once-in-a-lifetime opportunity to play soccer in Australia at the age of 15. The incident, which took place two weeks before his scheduled departure, has left an indelible mark on his life […]

A High Court of federal capital territory in Apo, Abuja, has ordered the arrest of the former Director General of the National Institute for Legislative and Democratic Studies (NILDS), Ladi Aisha Hamalai, over her failure to appear in the fraud case preferred against her by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). […]

A Federal High Court, Abuja, has dismissed a suit seeking to reverse the appointment of Hannatu Musawa as Minister of Art, Culture and Creative Economy by President Bola Tinubu. Justice James Omotosho, in a judgment, held that the plaintiffs lacked locus standi (legal right) to institute the suit. Justice Omotosho also held that even where […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems. The Chief Corporate Communications Officer, NNPC Ltd. Olufemi […]

Human right advocate, Barr. Anthony Agbasiere has called on the Economic and Financial Crimes Commission (EFCC) to beam its searchlight on banks and individuals selling and stealing naira and stop dissipating its energy on those spraying naira. The call came on the heels of the recent arrest of controversial cross-dresser Idris Olanrewaju Okuneye popularly known […]

The Catholic Bishop of Sokoto Diocese, Matthew Kukah, has expressed his concern about the growing prevalence of ethnic and religious prejudices in Nigerian universities, especially in the northern region of the country. Speaking during an interview with Arise TV on Thursday, Kukah alleged that most universities in the North have refused to allow the Christian […]

Naira Crashes against US Dollar, FX Gap Moderates The Nigerian naira gave up struggling momentarily against the dominant US dollar in the official market in the midweek trading session in the forex market. The local currency had scored some goals recently as a result of lower FX demand pressures in the informal currency market. Surging […]

Interest Rate on Nigerian Treasury Bill Slides at CBN Auction The Central Bank of Nigeria (CBN) has further reduced interest rate on Treasury bills sold to investors at the primary market auction conducted midweek. The apex bank received higher bids for its primary market auction amidst tight liquidity in the financial system. At the auction, […]

Sell Pressure: FBN Holdings Loses Nearly Half of Its Market Value FBN Holdings Plc, the parent company of First Bank of Nigeria Limited (FBN), has lost about half of its market value in the latest bearish run in the stock market. The selloffs have ravaged the equities market, reversing gains recorded early in the year. […]