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Investors Sell Down Big Banks Shares despite Oversize Profits The equities market sustained bleeding from sell pressures on financial stocks in the local bourse. Intraday trading report revealed that key performance indicators are moving negative again following more than N303 billion loss sustained on Monday. In the last three trading sessions, the Nigerian stock has […]

The Minister of Interior, Mr Olubunmi Tunji-Ojo, says corruption and corrupt practices fuel insecurity in the country, calling for all hands to be on deck to fight the menace. The minister said this, when he paid a courtesy visit to Dr Musa Aliyu, SAN, the Chairman of Independent Corrupt Practices and Other Related Offences Commission […]

Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per […]

Edo chief judge Daniel Okungbowa, on Tuesday, freed four inmates of the Oko and Old Benin Correctional Centres in the South district of the state. Three inmates were from the Oko Medium Custodian Centre, while the fourth was from the Old Benin Custodian Centre. The four freed inmates are Emmanuel Marcus, 35; Innocent Eze, 25; […]

The federal government has suspended further mining activities within Obafemi Awolowo University (OAU) and Obafemi Awolowo University Teaching Hospitals (OAUTH) complex in Ile-Ife, Osun State. The minister of solid minerals development, Dr. Dele Alake, who declared the indefinite suspension, said the order will be in place pending the conclusion of investigations into suspected illegal mining […]

The United States House of Representatives has called upon the Nigerian and U.S. governments to ensure that the remaining Chibok girls kidnapped a decade ago are rescued and reunited with their families. The House disclosed this in a document issued on 12 April following its 118th congress. Recounting the tragic midnight event of 14 April […]

A federal high court in Osogbo, Osun state capital, has granted N50 million bail to one Olalekan Oyeyemi. Oyeyemi, who is popularly known as “Emir”, is a serving member of the Osun park management system under the administration of Ademola Adeleke, the governor of the state. He was arraigned on a 10-count bordering on conspiracy, […]

The adoption of written addresses in the trial of Eze Ndigbo of Ajao Estate, Lagos, Frederick Nwajagu, charged with terrorism offences, was stalled on Tuesday due to his counsel’s absence. Mr Nwajagu is standing trial before a Lagos High Court at the Tafawa Balewa Square. He is in court on nine counts bordering on an […]

A coalition of Civil Society Organisations has called for an independent investigation into the allegations of nepotism and favouritism against the Chief Justice of Nigeria, Justice Olukayode Ariwoola. The National Judicial Council at a meeting chaired by the CJN recommended his son, Olukayode Ariwoola jnr, as a Judge of the Federal High Court in July […]

The Ebonyi State Government has debunked the report that it was among the states that borrowed N111.24 billion from domestic and foreign financiers in its first six months in office. The Ebonyi State Commissioner for Finance, Dr. Leonard Uguru, affirmed that Governor Francis Nwifuru has not borrowed from either internal or foreign creditors since he […]

The Supreme Court of Nigeria adjourned for judgment in the suit filed by human rights activist and former National Publicity Secretary of the Nigerian Bar Association, Mr. Olukunle Edun. The suit challenges the constitutionality of provisions in the Pension Law of Governors of Delta State, which was passed by the State House of Assembly. The […]

Investors Lose N303bn as Sell Pressures Dent Banking Index After losing N633 billion last week, the Nigerian Exchange (NGX) saw another selloff on Monday, with equities market investors losing more than N303 billion due to sustained selloffs on banking stocks. The bearish trading activities on the domestic bourse dragged equities market performance indicators downward by […]