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President Bola Tinubu has signed the Defence Industries Corporation of Nigeria (DICON) Bill 2023 into law, marking a crucial step in building Nigeria’s military industrial base. The Defence Industries Corporation of Nigeria was established on 1 August, 1964, by an Act of Parliament and revised as the DICON Act in Chapter 94 of the Laws […]

The Federal Competition and Consumer Protection Commission (FCCPC) says it has received credible intelligence that the customary seasonal sales at deep discount on a specific Friday, otherwise known as “Black Friday“, may witness an increase of fake online stores by 135%. The FCCPC raised the alarm on Thursday in an advisory signed by its Executive […]

The Court of Appeal’s verdict on the disputed Kano governorship election has ignited fresh controversy over an alleged conflict of interest involving the Chief Justice of Nigeria, Justice Olukayode Ariwoola. Human rights lawyer Chidi Odinkalu revealed on X handle on Thursday that Justice Lateef Ganiyu, one of the three appeal court justices that ruled on […]

Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has warned that Nigeria’s judicial and electoral systems are collapsing. Moghalu stated that the development has threatening implications for Nigerians’ aspirations for democracy. He spoke in a post on his X handle on Wednesday. The statement follows the ensuing controversy over the judgement […]

Barring the last-minute change, the former Governor of Plateau State and current Minister of Labour and Employment, Simon Lalong may resign from the cabinet of President Bola Tinubu. Lalong, received his Certificate of Return as Senator-Elect for Plateau South in the 10th National Assembly. A National Commissioner with the Independent National Electoral Commission (INEC), Mohammed […]

The Federal Government has inaugurated a committee to review and recommend amendments to the 2007 Public Procurement Act. The move aims to align the law with current economic realities and improve efficiency in public spending. The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, will lead the committee set up to […]

A High Court in Kano on Thursday granted bail to the former Managing Director of Kano Agricultural Supply Company (KASCO) Bala Inuwa Muhammad and his son, Bala Inuwa Muhammad (Jr) standing trial for alleged diversion of N4 billion. Muhammad was arraigned by Kano Attorney General before Justice Hafsat Yahaya Sani following an investigation by the […]

The Chairman of the Board of Directors of Access Holdings Plc, Bababode Osunkoya, is dead. According to a statement filed with the Nigerian Exchange Limited on Thursday night, Osunkoya died after a brief illness on Tuesday. The statement signed by the company secretary, Sunday Ekwochi, said that “Consequent upon the tragic event, the company now […]

The Labour Party governorship candidate for Imo, Athan Achonu, and scores of his supporters on Thursday stormed the national headquarters of the Independent National Electoral Commission in Abuja to demand the true certified copy of the just concluded poll in the state. Achonu, who was accompanied by the National Youth Leader, Kennedy Ahanotu, also accused […]

GCR Affirms AIICO Insurance Financial Strength Ratings GCR Ratings (GCR) has affirmed AIICO Insurance Plc’s international and national scale financial strength rating of B- and AA (NG).  In a statement, the firm said both ratings were maintained on a stable outlook. The ratings represent the strengths and weaknesses of AIICO insurance and its subsidiaries, and […]

Jaiz Bank Appoints Haruna Musa as New Managing Director The Board of Jaiz Bank Plc has approved the appointment of Mr Haruna Musa, as the Managing Director/Chief Executive Officer of the bank The bank said in a statement on Wednesday that Musa’s appointment became effective Nov. 21, following the receipt of the approval of the […]

Heavy Demand for US Dollar Knocks Naira Down The naira struggled to keep value across the foreign exchange market on Wednesday as the Nigerian year-end import appetite increased. The market expects decent FX inflows but sustained negative interest yield on investment options has kept foreigners away from the financial markets.  While forex demand has been […]