admin

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, on Monday lamented that the security threat faced by Nigeria and other West African countries had been evolving in ways unimagined. Specifically, he noted that the threat posed by Artificial Intelligence and generative technologies was manifesting as a new means of fraud. […]

As well-meaning Nigerians and Civil society continue to express concerns over the recruitment process for Judges in the country, attention has been drawn to excerpts from the published Memoir of a retired Judge of the Federal High Court, Honourable Justice Charles Archibong.Justice Archibong who bowed out of the Federal High Court bench in 2013, published […]

An Ikeja Sexual Offences and Domestic Violence Court in Lagos has sentenced a 65-year-old landlord, Igwe Ambrose, to life imprisonment. Ambrose was found guilty of inserting fingers into the private parts of his tenant’s children. He was arraigned on a four-count charge bordering on sexual assault by penetration and indecent treatment of a child. The […]

The Nigerian Immigration Service operating at the Marine Command in Lagos Seaports on Monday said it foiled an attempt to traffic seven Nigerian girls to Burkina Faso. The Lagos State Comptroller, Mohammed Sadiq, who described the incident as a rise in illegal migration and human trafficking, said they made the arrest based on intelligence on […]

President Bola Tinubu has explained that Nigeria’s determined pursuit of German investment in targeted sectors of the economy was focused on critical growth-enabling industries in energy, transportation, and electric power production, transmission and distribution. According to a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, President Tinubu gave the explanation during a […]

Lagos State Deputy Governor, Obafemi Hamzat, has faulted the claim by the Public Procurement Agency that his office got N2 billion to purchase rechargeable fans, rechargeable lights and fridges. Hamzat in a memo addressed to the Director General of the procurement agency, said the approval for the project was N2m. He also claimed that his […]

Vice President Kashim Shettima approved the constitution of a multi-sectoral committee on Monday to drive the goals of the federal government’s Human Capital Development (HCD) programme, comprising Aliko Dangote Tony Elumelu, amongst others. This was the outcome of the meeting with Shubham Chaudhuri, World Bank’s Country Director for Nigeria, Aliko Dangote, Chairman of the Dangote […]

A chieftain of the Peoples Democratic Party (PDP), Daniel Bwala, on Monday, criticised a judgement of the appellate court sacking Governor Caleb Mutfwang of Plateau State. “We have never seen where an election was invalidated on the ground that somebody disobeyed a court order,” Bwala said on Channels Television’s Politics Today programme on Monday. According […]

Political veteran Joseph Boakai was on Monday declared the winner of Liberia’s presidential election, beating incumbent George Weah, the National Electoral Commission (NEC) said after completing the ballot count. Boakai won with 50.64 per cent of the vote, against 49.36 per cent of the vote for former international football star Weah, Davidetta Browne Lansanah, president […]

Rising FX Demand Keeps Lid on Naira Upside The Nigeria naira gained weight across foreign exchange markets as an invisible hand balanced demand and supply forces. Data from FMDQ Exchange showed that the US dollar was exchanged with N791 at the Nigeria Autonomous FX market on Friday. The naira has crossed N800 per US dollar […]

Geregu Power Market Value Jumps By 296% in 13-Month The share price of Geregu Power Plc steadied over the last seven trading sessions in the stock market. The company share peaked at N395.50, a steep increase from a listing price of N100 in Oct 2022. This translates to a more than 295% increase since October […]

List of CBN’s Single Digit Interest Rate Loans for Businesses The Central Bank of Nigeria (CBN) has a number of cheap loans for companies operating across various sectors of the economy.  These loans are usually cheap when compared with the average lending rate from commercial banks. To make the loan accessible to interested companies and […]