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Nigerian Exchange Extends Rally, Hits N38.9T The Nigerian Exchange (NGX) extended the previous day’s rally, having popped higher in the past two days amidst improved buying sentiment. As a result, key performance indicators advanced to an all-time high with year-to-date return crossing 38%.  Data from the Exchange showed that market performance indicators grew by +0.23% […]

Court Grants Emefiele Bail The Federal Capital Territory High Court on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail. The court ordered that he should be released to his counsel and must be produced in court when needed. The presiding judge, Justice Adeniyi, also ordered him to deposit all his travel […]

Brent Rebounds, after Significant Price Slumps in Oil Market Brent crude oil price rose moderately midweek while West Texas Intermediate (WTI) slumped further following a significant price slump on Tuesday amidst conflict in the Middle East. ICE Brent traded at $81.72 per barrel. a 0.13% rise from the closing price of $81.61 a barrel in […]

CODE Empowers Communities to Track 47 Projects Worth $2.8m in Kaduna Connected Development (CODE) said 47 projects worth $2.8million have been tracked by communities in Kaduna State through its Deepening Citizens’ Interest in Government Spending and Addressing Accompanying Corrupt Practices (DeSPAAC) project. Mr Hamzat Lawal ,Chief Executive Officer, CODE made this known at the closeout […]

Customs Service Increases Monthly Revenue Collection from N202bn To N334bn Controller-General of Nigeria Customs Service, Mr Adewale Adeniyi, says the service has recorded an impressive surge in monthly revenue collection from N202 billion to N333.9 billion in the past four months. Adeniyi made the declaration on Wednesday in Abuja at a national workshop on legislative […]

Abidjan-Lagos Highway Corridor Secures $15.5bn in AIF 2022- Adesina Dr Akinwumi  Adesina, President of African Development Bank (AfDB) said that  the Abidjan-Lagos highway corridor has  secured a 15.5 billion dollars investment interest. Adesina said this while welcoming participants at the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco on Wednesday. The event has […]

China-Nigeria Relations Steadily Advancing – China’s Consul-General Ms Yan Yuging, Consul-General, People’s Republic of China in Nigeria, says China’s and Nigeria’s relations are steadily advancing in mutual development and practical cooperation. Yan said this on Tuesday in Lagos at the China-Africa (Nigeria) production capacity cooperation symposium held at the Lagos International Trade Fair (LITF) complex. […]

ECOWAS Group, ICPC Urge  African Leaders to Step Up Fight Against Illicit Financial Flow Mr Edwin Harris, the Director-General of the ECOWAS Inter-Governmental Action Group Against Money Laundering In West Africa (GIABA), Senegal, has urged African leaders to step up efforts in the fight against Illicit Financial Flows (IFF) in the region. Harris made the […]

By Olumide Babalola Like my previous article on Shasore, SAN and the P & ID’s case, this piece is neither a review of the judgment nor an analysis of the players’ roles, culpability, vilification or vindication. It is rather a brief exposition on an unutilized cause of action embedded under invasion of privacy. While the […]

Despite industry players’ call for a cost-reflective tariff, the Federal Government (FG) on Wednesday said it can not approve tariff increase due to the country’s current economic woes. The Multi-Year Tariff Order (MYTO) methodology gives room for the biannual review of tariffs with consideration to inflation, interest rates, and foreign exchange, while major reviews are […]

The Catholic Bishop of Sokoto Diocese, Rev. Father Matthew Kukah, has faulted the process by which the President relies on nominations from state governors and others to choose ministers. Kukah also expressed shock over comments made by former ministers in the immediate-past administration about their principal, President Muhammadu Buhari. He made the statement when he […]

Unions in the aviation industry have directed the withdrawal of all flights to Owerri, Imo State, from all airports in Nigeria. This is in response to the directive of the Labour Union, comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) following last week’s brutalisation of the NLC President, Joe Ajaero, in Owerri. […]