admin

Nigeria’s Sovereign Eurobond Yield Dips to 9.74% The benchmark yield on Nigeria’s sovereign Eurobond rose following positive trading activity as investors take position on expectation that the local economy would see healthy growth in 2024. WPG Sacked Former MD of Eko Disco The authority has announced plan to issue another Eurobond in 2024 to finance […]

CBN Sells $10,000 to 1583 BDCs at N1,021 The Central Bank of Nigeria (CBN) has offered to sell $10,000 to 1,583 Bureau de Change (BDCs) operators in the informal currency market. The authority is asking currency traders to deposit the equivalent of $10,000 into its deposit accounts for the onward distribution of US dollars. The […]Read More

FBN Holdings: Shareholders Hail Alebiosu’s Appointment Shareholders of FBN Holdings Plc on Tuesday commended the proactiveness of the group’s Board of Directors in appointing an acting Managing Director for First Bank Nigeria Ltd., following the resignation of the former Chief Executive Officer. They gave the commendations in an interview in Lagos, emphasising the importance of […]

A Federal High Court sitting in Abuja has admitted three documents in the bribery allegations against Managing Director/Chief Executive Officer of Support Midstream Company Limited, Mr. Akintoye Akindele. One of them showed that the N150 million allegedly transferred to the Investigating Police Officer, IPO, Ibrahim Sini, by Akintoye Akindele, was part payment for debt he […]

Following the allegations levelled against former Kogi State Governor Alhaji Yahaya Bello over alleged N80.2billion fraud, the State House of Assembly has called on the Economic and Financial Crime Commission to obey the rule of law and work within the ambit of law creating the Commission. This forms part of the resolutions during the House […]

The Peoples Democratic Party (PDP), on Tuesday, said it cannot take any action on the contentious Rivers State Caretaker Committee list because of an ex-parte order issued by the Federal High Court in Abuja restraining it from doing so. The National Working Committee (NWC) of PDP stated this after its “extensive deliberation” over the matter. […]

AN Oyo State High Court sitting in Ibadan has granted an order of mandatory injunction setting aside the selection and appointment of the Onifiditi of Fiditi, Oba Oyeleye Sakirudeen. The suit, marked IHOY/59/2013, was between the applicants, namely Samuel Ogunkunle and Bayo Oyewale and Oba Oyelere Sakirudeen, Ademola Akande, Depo Oguntoyin, Kunle Oniyitan, who are […]

The paramount ruler of the Tiv nation, His Imperial Majesty, Professor James Ayatse, has announced a significant reduction in the total expenses surrounding traditional marriage among Tiv parents to N100,000 or less. This decision was made in response to the complaints of young people in Tivland about the skyrocketing bride prices and the associated costs […]

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that endemic corruption in the Nigerian public sector is systemic. He also noted that saints would be contaminated if brought into the Nigerian public sector. Olukoyede made the development known on Tuesday while fielding questions from journalists at the EFCC headquarters, Jabi, […]

A legal officer at the Nigerian Security and Civil Defence Corps, Kaduna Command, Paul J. Magga, has filed a suit at the Federal High Court, challenging the constitutionality of Article 9(3)(b) of the Nigerian Bar Association (NBA) Constitution as amended in 2021. The provision in question restricts the positions of President, 1st Vice President, and […]

A former Central Bank of Nigeria (CBN) governor, Godwin Emefiele approved the printing of N684,590,000 at the rate of N18.96 billion, the Economic and Financial Crimes Commission (EFCC) has alleged in a fresh charge filed at the High Court of the Federal Capital Territory (FCT). The charge, seen by our correspondent, alleged that Emefiele broke […]

Rivers Governor Siminalayi Fubara has reshuffled his cabinet amidst the political crisis rocking the State. The Governor, in a statement on Tuesday night by the Secretary to the Rivers State Government, Dr. Tammy Danagogo, redeployed the Commissioner for Justice and Attorney-General of the state, Prof. Zacchaeus Adangor to the Ministry of Special Duties (Governor’s Office). […]