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FMN Plc: FX Loss, High Costs Damage Earnings Flour Mills Nigeria (FMN) Plc.’s revenue jumped by 33.9% year on year to N946.65 billion in the first half of its financial year 2024 from N720.57 billion in the comparable period in 2023, the company’s results show. The increase was propelled by price adjustments amidst accelerating food […]Read More

On Friday, 27 October 2023, the Capital Market Solicitors Association (CMSA) held its 22nd Annual General Meeting on Friday, 27 October 2023, at the Lagos Continental Hotel. The AGM brought together the Trustees, the Executive Committee, and member firms of the CMSA. At the AGM, Mr. Chike Obianwu, the Chairman of the CMSA, gave his […]

Says Obamuroh’s Role Apolitical, Pro Bono The Federal Ministry of Justice has cleared the air on the status and scope of the recent appointments approved by President Bola Tinubu to serve in the offices of the Attorney-General of the Federation (AGF) and Minister of Justice. The ministry made the clarification in a statement titled “Clarification […]

*Accuses UNICAL Law Dean of Using Office to Solicit Nudes from Student The Independent Corrupt Practises and Other Related Offences Commission (ICPC) reported on Monday that it had filed a criminal charge against the suspended Dean of the Faculty of Law at the University of Calabar (UNICAL), Professor Cyril Ndifon. The anti-corruption agency’s spokesperson, Mrs […]

The Chief Judge of the Federal Capital Territory (FCT), Justice Husseini Baba-Yusuf, revealed on Monday that both high courts and magistrates courts in the Territory received a total of 13,306 new cases in the 2022–2023 legal year, while they determined 11,621 matters before them in the same year. Baba-Yisuf made the revelation at the official […]

*FEC Approves ₦2.17trn Supplementary Budget For 2023 President Bola Tinubu on Monday warned government officials and family members against attending the Federal Executive Council (FEC) meeting without invitation. Tinubu issued the warning before the commencement of FEC meeting at the Presidential Villa, Abuja. “Last week, I noticed people sneaking in and out of this council. […]

The ongoing trial of Nigerian singer Naira Marley for alleged internet fraud has been adjourned once again due to his absence in court. Marley is facing 11 charges bordering on conspiracy and credit card fraud filed against him by the Economic and Financial Crimes Commission (EFCC). At the last hearing on September 30th, the court […]

The court hearing involving former minister of petroleum resources, Diezani Alison-Madueke in the United Kingdom, over bribery allegations has been adjourned to November 2025. The Westminster Magistrates Court adjourned hearing on the suit on Monday, October 30. Recall that 63-year-old Alison-Madueke is on trial for allegedly accepting a £100,000 bribe. On October 2, Michael Snow, […]

Former Spanish football federation president Luis Rubiales has been banned from all football-related activities for three years by Fifa. Rubiales kissed forward Jenni Hermoso on the lips following Spain’s Women’s World Cup final win over England. The kiss, which forward Hermoso says was not consensual, sparked outcry, with Rubiales eventually stepping down from his role […]

The newly-inaugurated Speaker of the Rivers State House of Assembly, Edison Ehie has declared that the state parliament has adjourned until further notice. Edison made this declaration while, addressing newsmen after a brief plenary of the house at a chamber within the Government House, Port Harcourt on Monday. He said, “The House has adjourned sine […]

The Central Bank of Nigeria, CBN, has challenged the legal standing of the human rights lawyer, Mr. Femi Falana SAN to pray the Federal High Court to compel the CBN to stop the alarming depreciation of the Naira. In the preliminary objection filed against Falana’s suit on the falling rate of the Naira and dollarisation […]

President Bola Tinubu, on Sunday, October 29, said his administration is determined to change the narrative about a weak and crawling economy by bringing about transformation to governance. President Tinubu made the bold assertion during bilateral political talks with the Chancellor of the Federal Republic of Germany, Olaf Scholz, and his entourage at State House, […]