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Ondo State Governor, Lucky Aiyedatiwa, has emerged as the flagbearer of the All Progressives Congress (APC) in the upcoming governorship election, following his victory in the party’s primary held on Saturday. Despite securing a total of 48,569 votes across the 18 local government areas, the election process was marred by protests and allegations of irregularities […]

The Court of Appeal in Abuja will today (Monday) hear the appeal lodged by the Economic and Financial Crimes Commission against the order of a Kogi State High Court which restrained the anti-graft agency from arresting the immediate-past governor of Kogi State, Yahaya Bello. The Kogi court, in a ruling on February 9, 2024, restrained […]

Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week. Anjarwalla who escaped from lawful custody in Nigeria in March, was in April tracked down in Kenya by a team comprising operatives drawn from the International Criminal Police Organisation, the Economic and Financial […]

First Bank of Nigeria Limited has announced the appointment of Olusegun Alebiosu as its acting Managing Director, effective April 2024. The announcement follows the resignation of the former Managing Director, Dr. Adesola Adeduntan, who served the bank for nine years, overseeing its operations and strategic direction for three terms. According to a statement released by […]

The Central Bank of Nigeria (CBN) is taking steps to recover over N530 billion in unused intervention funds from nine Deposit Money Banks in the country. This follows the suspension of all CBN intervention funds by the current governor, Olayemi Cardoso, who aims to refocus the apex bank on its core mandate. According to an […]

By Hameed Ajibola Jimoh Esq. There have been occasions where some lawyers have asked about which court has jurisdiction over land matters especially on issues relating to ownership of land title in a land governed by customary law or lands situate in a non-urban area or rural area? Some lawyers have also asked about whether […]

By Hamza Nuhu Dantani Esq. There have been some issues arising from the powers of some officers of the Nigeria Security and Civil Defence Corps who arrest, detain and prosecute suspects on allegations of breach of Penal Code Law of a State (especially, prevalent in some of the Northern-States of Nigeria) and some of these […]

Former Attorney-General of the Federation and Minister of Justice, Mohammed Bello Adoke, has said despite his ordeal in the hands of the Economic and Financial Crimes Commission (EFCC), his faith in Nigeria remains unshaken. Recall that Justice Inyang Ekwo of the Federal High Court in Abuja had on Friday, upheld the “no case” submission by […]

A leading and founding member of the All Progressives Congress (APC) and coordinator of the Tinubu/Shettima 2023 Presidential Campaign in Zamfara State, Senator Kabiru Marafa, has countered the Minister of State for Defence, Mr Bello Matawalle, stating that Northern elders are neither a burden nor paperweights whatsoever. Matawalle had, in a statement with the title, […]

Moody’s Upgrades Helios Towers’ Rating with Stable Outlook Moody’s Ratings has upgraded Helios Towers plc’s corporate family rating (CFR) to B1 from B2, it said in a latest announcement.  At the same time, the company’s probability of default rating (PDR) was upgraded to B1-PD from B2-PD and the rating of the outstanding $650 million backed […]

Naira Runs Out of Steam as FX Supply Plummets The Nigerian naira tumbled amidst a struggle to find a market clearing rate across the forex market. Reversing the previous trend, the local currency failed to hit N1,000 per US dollar support level following a flurry of projections that boosted the exchange rate outlook for the […]

New World Bank Financing Tools Receive Funding Boost New financial instruments designed to boost lending capacity and enable the World Bank Group(WBG) to take on more risk for shared global challenges have received a significant endorsement. The World Bank Online Media Briefing Centre communicated this in a statement on Saturday in Abuja. The statement said […]