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Palliative: Oyo Plans to Disburse N500m to Traders, Artisans Palliative: The Oyo government has concluded plans to disburse a N500 million loan to traders, artisans and small business owners in the state. The gesture is part of an effort to mitigate the effect of subsidy removal on the residents of the state. This is contained […]

Transcorp Hotels Pops 8.91%, Market Value Nears N501bn Rated strong buy by a slew of equities analysts, Transcorp Hotels Plc maintained an uptrend with 8.91% share price appreciation in the equities market as Alpha seeker boosted their stakes with additional shares buying.  The hospitality company’s shares become not just popular but expensive, gaining more than […]

Prices of Crude Oil Rise on Supply Constraints Prices of crude oil continue to rise on account of supply constraints in the global market. Brent crude futures rose toward $95 per barrel on Tuesday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due […]

Global Debt Rises to $307tn in First Half of 2023 – IIF The global debt pile increased by some $10 trillion in the first half of 2023, according to the Institute of International Finance (IIF) in its global debt monitor report. Global debt now stands at a new all-time high of $307 trillion, which is […]

Prisoners Swap Deal: U.S. Releases Iran’s Oil Fund Five Americans imprisoned in Iran were officially flown out of Tehran as the U.S. unfroze some $6 billion in Iranian oil funds held for five years in South Korea. The prisoner swap deal also included the release of five Iranian prisoners being held by Americans, two of […]

Oando Returns to Profitability after N141bn Loss Nigeria’s indigenous energy company, Oando Plc, returned to profitability in the financial year 2021 after it reported about N141 billion loss after tax in 2022, according to its delayed audited financial statement for 2021 submitted to the regulator. Following its impressive earnings scorecard, the company stock achieved a […]

In a quest to enlighten and empower the next generation of legal professionals in Nigeria, the Student Representative Council of the Dr. Nabo Graham-Douglas Campus at the Nigerian Law School hosted a captivating talk show as part of their ongoing Student Week. The highlight of the event was Tobenna Erojikwe, a distinguished legal practitioner and […]

Ten Ministries, Departments and Agencies (MDAs), companies and individuals are owing the Federal Government N5.2 trillion. Out this amount, the Federal Government has been able to recover only N57 billion. The Director Special Projects Federal Ministry of Finance, Aisha Omar, made this disclosure in Gombe, Gombe State during a one-day sensitisation programme for the North-East […]

Nigeria’s electrical supply has again collapsed, with power output falling from a peak of 3,594.60 megawatts (MW) at midnight to a mere 42.7MW. Only the Delta Power plant had 41.00 MW of operational power on the grid at noon on Tuesday, while Afam had 1.7 MW. This comes barely five days after the grid collapsed […]Read More

Lateef Fagbemi, the attorney general of the federation (AGF) and minister of justice, says the federal government has taken measures to ensure that contracts within the threshold of the federal executive council (FEC) are properly vetted. Speaking at a sensitisation workshop hosted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Tuesday, […]

Nigeria has enacted the Notaries Public Act 2023, ushering in a new era of modernized notarial practices. Here are the key highlights of this groundbreaking legislation: Repeal and Replacement of 2004 Act: The Notaries Public Act 2023 replaces and repeals the previous Notaries Public Act from 2004, introducing a comprehensive framework for notarial services in […]

Peter Obi, the presidential candidate of the Labour Party, has filed an appeal at the Supreme Court challenging the judgement of the Presidential Election Petition Tribunal which upheld Bola Tinubu’s victory. In a 50-ground notice of appeal, Obi, through his lead counsel Dr. Livy Uzoukwu SAN, contends that the Justice Haruna Tsammani-led panel wrongly dismissed […]