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The Inspector General of Police, Olukayode Egbetokun, has withdrawn all police officers attached to the embattled former Governor of Kogi State, Yahaya Bello. The order for the withdrawal was contained in a police wireless message seen by our correspondent on Friday. The document with reference number: “CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 read in part, “IG has ordered the […]Read More

The Nigeria Immigration Service has placed former Kogi Governor Yahaya Bello on watch list. The NIS called for Bello‘s arrest at any point of exit or entry into the country by security agencies. In a letter by an Assistant Comptroller of Immigration, D S Umar on behalf of the Comptroller-General, Kemi Nanna Nandap, the Service […]

Two loyalists of the Rivers State Governor, Siminalayi Fubara, including the lawmaker representing the Aboada West Constituency of the state House of Assembly, Sokari Goodboy; have been arrested at the Federal Capital Territory, Abuja. Also arrested by the police was a chieftain of the Peoples Democratic Party in the state identified as Ezebunwo Ichemati. The […]

By Hameed Ajibola Jimoh Esq. There have been in public circulations, various opinions in regard to the financial crimes allegations made against Bobrisky and Cubana Chief Priest just of recent. Some opinions opined that the Economic and Financial Crimes Commission-herein after referred to as EFCC- lacks the powers to investigate and prosecute such crimes and […]

The leadership of Otu Oka-iwu Abuja, the umbrella body representing all Igbo lawyers in FCT, Abuja, has expressed deep concern and condemnation regarding the recent decision by the Electoral Committee of the Nigerian Bar Association (NBA) Abuja Branch to exclude candidates from the Eastern Zone from vying for the position of Assistant Secretary in the […]

The Federal Government on Thursday initiated sporadic enforcement raids at multiple supermarkets and markets within the Federal Capital Territory to ensure adherence to price display and quantity regulations, aiming to reduce the cost of food commodities nationwide. It also said it would continue unannounced inspections at super and open markets in Lagos, Port Harcourt, Kaduna, […]

Kenya’s defence chief and nine other top brass died on Thursday in a military helicopter crash in a remote area of the country, President William Ruto said. “Today at 2:20 pm, our nation suffered a tragic air accident… I am deeply saddened to announce the passing of General Francis Omondi Ogolla,” Ruto told reporters. The […]

Transcorp Power Profit Skyrockets by 665% to N20bn in Q1 Transcorp Power Plc bolstered profit performance by more than 665% year on year in the first quarter of 2024, details from the power generating company filed with market regulator showed. Its profit for the period grew to N20.140 billion, a steep increase from N2.631 billion […]

Tincan Customs Generates N303.9bn in First Quarter of 2024 Comptroller Dera Nnadi, the Customs Area Commander (CAC), Tincan Island Ports (TCIP), says that the command generated a revenue of N303.9 billion in the first quarter (Q1) of 2024. Nnadi said in a statement on Wednesday in Lagos that the Q1 revenue generated in 2024 was […]

Naira Heads for Best Run, Official Rate Gains 6.6% The Nigerian naira roared against the dominant US dollar in the forex market to settle at N1, 072. The local currency heads for biggest rally since June 2023 when the local currency was officially devalued. The Central Bank of Nigeria (CBN) has continued to address FX […]

CBN Slashes Banks Loan to Deposit Ratio to 50% The Central Bank of Nigeria (CBN) has reduced deposit money banks (DMBs) loan to deposit ratio requirement to 50% to soften pressures on the operators. Naira Skids as FX Turnover, External Reserve Decline The apex bank notified banks in a circular titled “Re: Regulatory Measures to […]

Investors Gain N57bn Equities Market Halts Downtrend The equity market rebounded after eight days of negative performance. Equities investors trading highs and lows on the Nigerian Exchange (NGX) saw a large daily gain of over N57 billion. Due to fresh bargain hunting, the stock market performance indicator rose by +0.10%, according to data from the […]