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A Nigerian woman, Mrs. Chioma Edoka Okoli, has filed a fundamental rights enforcement lawsuit against tomato manufacturing company Erisco Foods Limited, its CEO Chief Eric Umeofia, and the Inspector General of Police over alleged violation of her rights. In suit No. FHC/L/CS/2164/2023 filed at the Federal High Court in Lagos, Mrs. Okoli is seeking N500 […]

*Apex Court Agreed IReV Failure Reduced Confidence: Okonkwo Mike Ozekhome, a Senior Advocate of Nigeria and counsel for PDP and Atiku Abubakar, reacted briefly to the Supreme Court verdict affirming Bola Tinubu’s election victory. “Nigeria is a work in progress,” Ozekhome simply stated before leaving the court premises. View this post on Instagram A post […]

NGX Backtracks as Selloffs Hit Banking Stocks The Nigerian Exchange (NGX) equities market capitalisation backpedalled on Wednesday due to selloffs on banking after positive movement seen on Tuesday. The bears retook position as investors’ sentiment waned amidst uncertainties in the Nigerian economy. GTCO lost 1.25% of its market valuation. UBA tumbled by 5.78%, FIDELITYBK slid […]

Capital Market Can Help Bridge Infrastructure Gap -Shettima The Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, has said that the infrastructural deficit in the West African sub-region is better tackled, not through foreign borrowing alone, but also through the capital market across the region, pointing out that the market is cut […]

We’ll Deepen Broadband Penetration in Rural Areas – NIGCOMSAT Boss The Nigerian Communications Satellite Ltd. (NIGCOMSAT) says that it will further deepen broadband penetration in the rural and underserved areas of the country using satellite. The newly appointed Managing Director of the NIGCOMSAT, Mrs Jane Egerton-Idehen, gave this assurance while addressing the media, after a […]

Court Stops N18.4bn Compensation for 34 Rivers Oil Communities A Federal High Court, Abuja, on Wednesday, declared that the Senate acted illegally in awarding N18.4 billion as compensation to 34 oil producing communities of Obiafu, Soku to Bonny in Rivers over Nigeria NLG Ltd’s acquisition of right of way (ROW). Justice Inyang Ekwo, in a […]

Navy Deploys 10 Warships, Helicopters to Fight Oil Theft The Nigerian Navy on Wednesday deployed 10 warships, two attack helicopters and 500 ballistic boats in a special amphibious exercise to curb crude oil theft and sea robbery in Nigeria’s waters. Rear Adm. Umar Chugali, Flag Officer Commanding (FOC) Central Naval Command (CNC), headquartered in Bayelsa […]

Hamas Not Terrorist Organisation, Erdogan Says Turkish President Tayyip Erdogan, in his strongest comments yet on the Gaza conflict, on Wednesday said the Palestinian militant group Hamas was not a terrorist organisation. Erdogan however described the Hamas group as a liberation group fighting to protect Palestinian lands and people. NATO member Turkey condemned the civilian […]

P&ID Fraud: Reps ask EFCC to Investigate Parties The House of Representatives has asked the Economic and Financial Crime Commission (EFCC) to investigate the conduct of all legal and other services providers involved in the P&ID deal. The resolution followed the adoption of a motion of urgent public importance by Rep. Kama Nkemkanma (LP-Ebonyi) at […]

Social Media Becoming Weapons of Mass Destruction, Says Don Social Media tools are becoming weapons of mass destruction in the hands of youths, Associate Professor Desmond Okocha, Dean, Faculty of Communication and Media Studies, Bingham University, has said. Okocha made the remark in a keynote address at a symposium to mark the UNESCO 2023 Global […]

UBA Fraud Awareness: Stakeholders Canvass Interbank Collaborations to Combat Financial Crimes Africa’s Global Bank, United Bank for Africa (UBA) Plc, hosted stakeholders and industry regulators to its Fraud Awareness Week, an initiative which is aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial […]

Bill to Prolong Retirement Age of NASS Staff to 65 Years Reappears The controversial bill to prolong the retirement age of National Assembly staff to 65 years has reappeared in the House of Representatives. The Bill was considered and passed for the second reading during the plenary session in Abuja. The bill, titled “A Bill […]