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The National Orientation Agency has issued a strict warning to the Olu of Owode Egba, Oba Aremo Sowemimo, for abusing the naira notes during his 13th anniversary of ascension to the royal stool. Sowemimo, in a viral video, was seen spraying the naira notes on a musician during the ceremony. He was also seen decorating […]

The 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar said the Nigerian National Petroleum Company (NNPC) Limited should have privatised refineries before embarking on rehabilitation of the facility. Atiku stated this in a post via his X handle on Tuesday. The former Vice President noted that the NNPC should have privatized the […]

The National Judicial Council has stopped the Kogi State Governor, Yahaya Bello from proceeding with the appointment of his wife, Barrister Amina Bello and some of his family and friends as Judges and Kadis in the state. This was made known in a press statement issued by Ahmed Gambo Saleh, Esq, NJC Secretary, in response […]

An On Air Personality (OAP) working with Info FM Limited, owners of Nigeria Info FM, Deborah Ohamara is dead. Ohamara died on Monday January 15, 2024 from complications resulting from a fatal car accident involving her vehicle and a truck on Saturday, January 13, 2024, along Airport Road in Abuja. A statement issued on Tuesday, […]

Policemen from the Force Criminal Investigations Department (FCID) Alagbon Lagos have busted a syndicate of pirates, who pirated two popular recently — released movies, A Tribe Called Judah by Funke Akindele and “Malaika” by Toyin Abraham. The arrested suspects included a member of staff of a new generation bank, Kehinde Iyanda, a woman and her […]

A Royal Court in Jersey, United States, has reportedly ruled that stolen assets worth £6.9m ($8.9m) be repatriated to Nigeria. The said assets were allegedly diverted by Nigerian government officials in 2014 under the guise of purchasing arms to fight Boko Haram terrorists. According to BBC, the court ruled that the money, deposited in a […]

Abayomi Omotubora, counsel to the Bus Rapid Transit (BRT) driver, Andrew Ominikoron, charged with rape and murder of a 22-year-old fashion designer, has requested more time to file his no-case submission. Ominnikoron is facing a five-count charge bordering on rape, conspiracy, felony, sexual assault and murder preferred against him by the Lagos government. At the […]

On Tuesday, Justice Yusuf Halilu of the Federal Capital Territory High Court reserved the ruling in a trial-within-trial filed by Benjamin Dikki, former director-general of the Bureau for Public Enterprises. Mr Dikki is being prosecuted by the Economic and Financial Crimes Commission (EFCC) alongside his company, Kebna Studio and Communications Limited, on allegations of receipt […]

Mr Umar Babangida, an investigator with the Economic and Financial Crimes Commission (EFCC) on Tuesday, revealed how top government officials aided Process and Industrial Development (P&ID) Ltd.’s directors in the alleged $9.6 billion scam against Nigeria. Babangida, who was the 2nd prosecution witness (PW2) in the ongoing trial of fleeing James Nolan, an Irish national, […]

Fitch Places Union Bank on Rating Watch Negative Fitch Ratings has placed Union Bank of Nigeria PLC’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch Negative (RWN). According to the global rating agency, the decision follows the Central Bank of Nigeria’s (CBN) announcement that it had dissolved the board […]

Naira Trades Strong as Oil-Backed Loan Boosts Sentiment The Nigerian Naira traded on a bullish note on Monday after Africa Export-Import Bank (AfreximBank) syndicated foreign currency (FCY) loans backed by oil hit the economy months after it was first announced. With an expectation that the large sum would saturate already tightened forex market conditions, the […]

Nigerian Exchange Gains N874bn to Close at N46.31Ttn The Nigerian Exchange (NGX) saw more than N874 billion gain on Monday due to sustained rallies in the local bourse. This pushed the market capitalisation of the Exchange higher, closing at N46.31 trillion as the All-Share Index rose strongly by 1.92 per cent. Specifically, the market index […]