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Human rights activist, Femi Falana, a Senior Advocate of Nigeria (SAN), has asked the federal government to clear the confusion arising from figures surrounding the nation’s foreign reserve by disclosing its true status. He also said the Central Bank of Nigeria (CBN) has no basis to regulate the foreign exchange is illegal while adding that […]

Nigeria’s position in the global rule of law landscape was ranked at 118th out of 140 countries in 2022. This ranking offers valuable insights into Nigeria’s standing relative to other nations regarding the effectiveness of legal governance and institutional practices. The trajectories observed in Nigeria’s rule of law scores across these years emphasize the ongoing […]

The Edo State Government has disbanded the media crew attached to the Office of the Deputy Governor, Philip Shaibu. Commissioner for Communication and Orientation, Chris Nehikhare, announced this in a statement on Monday. He directed the deputy governor to henceforth request the Ministry of Communication and Orientation for media coverage of activities of his office. […]

Festus Okoye, the former Chairman of the Information and Voter Education Committee of the Independent National Electoral Commission (INEC), has retired from his position as a National Commissioner, four weeks after his five-year tenure officially ended. Okoye, who was sworn in by former President Muhammadu Buhari on July 25, 2018, represented the South-East geopolitical zone. […]

The Economic and Financial Crimes Commission (EFCC) has apprehended five individuals over allegations of orchestrating a fraudulent scheme using counterfeit letterheads from the Offices of the National Security Adviser (ONSA) and the Attorney General of the Federation (AGF) and Minister of Justice. The suspects are accused of exploiting these forged documents to unlawfully solicit funds […]

President Bola Tinubu has called upon his cabinet members to put forth concerted efforts and unwavering commitment in fostering a robust economy that benefits all Nigerians. Speaking on Monday during the inaugural Federal Executive Council (FEC) meeting at the State House, the President emphasized the need for diligent work and underscored that the citizens’ expectations […]

Deputy Governor of Edo State, Phillip Shaibu, on Monday, staged a walk-out of an event after his aides, including security operatives, were refused entry. Shaibu was allowed into the venue of the 60th anniversary of the Midwest referendum organized by the state government, but his entourage was stopped from gaining access. In the 39 seconds […]

The Federal Capital Territory Administration (FCTA) has announced its plans to initiate immediate action to resume work on several abandoned key projects across the territory. The FCT Minister, Nyesom Wike, expressed the need to diversify funding sources beyond the national budget to curb the issue of abandoned projects in the region. During a meeting with […]

The Labour Party has once again sounded the alarm over an attack on its party Secretariat in Owerri, the capital of Imo State. Suspected thugs and policemen, allegedly acting under the influence of the state government, reportedly carried out the assault. Obiora Ifoh, the National Publicity Secretary of the party, expressed concerns in Abuja on […]

Jaiz Bank Loses 14% of its Market Value Jaiz Bank Plc lost 14% of its market value as shareholders dumped the Islamic lender’s shares in the stock market.  The non-interest bank recently announced a change in the board, citing the Central Bank of Nigeria circular. It appointed Ahmed Alhaji Hassan as its new chief executive […]

Dangote Sugar Attracts Attention, Gains 36% Amid Merger Plan Dangote Sugar Refinery Plc’s market value has increased to about N577 billion on the Nigerian Exchange (NGX) after the company recorded a 36% weekly gain pushed by an increase in stock demand. Alpha seekers’ attention was shifted to the company shares as the proposed merger plan […]

Naira Tumbles Across FX Markets as External Reserves Dip It was a tough week for the Nigerian naira across the foreign exchange (FX) markets as the local currency lost significant value against the dominant US dollar and other foreign currencies. Last week, exchange rates were spooked by rising demand pressure that resurfaced amidst lower FX […]