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The Muslim Rights Concern (MURIC) has raised a fervent demand for the swift release or just legal proceedings to be initiated for AbdulRasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC). Professor Ishaq Akintola, the esteemed Executive Director of MURIC, vocalized this appeal on Thursday, highlighting the disquiet over Bawa’s continuous […]

The National Economic Council, NEC, on Thursday said that the Federal Government has approved N5 billion grant to be given to each of the 36 states of the federation for the procurement of grains as well as five trucks of rice to each state as palliatives to cushion the effect of fuel subsidy removal. The […]

The administration of President Bola Tinubu has been criticized for its lack of respect for the rule of law, as stated by a judge during a ruling on Thursday. Nicholas Oweibo, a federal high court judge in Lagos, made this remark while delivering his ruling on the ‘illegal possession of firearms and ammunition’ charges against […]

The University of Calabar has announced the suspension of Prof. Cyril Ndifon, the Dean of the Faculty of Law, due to alleged violations of the institution’s extant laws and policies. The suspension, effective from August 17, 2023, was communicated through a letter signed by the University Registrar, Mr. Gabriel Egbe. The decision to suspend Prof. […]

The Abia state command of the Nigeria Police Force (NPF) has confirmed the arrest and detention of the General Overseer of Agape Evangelical Ministry identified as Bishop Timothy Otu. Recall that a female Evangelist attached to a Pentecostal church in Aba reportedly died during suspected rounds of sex with an unnamed General Overseer and Bishop […]

Jaiz Bank Gets New Acting MD The Board of Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has approved the appointment of Ahmed Alhaji Hassan as the acting Managing Director and Chief Executive Officer of the Bank. According to a statement from the Bank, the fresh appointment followed the exit of the former MD/CEO, Dr. Salisu […]

Ethiopia, AfDB Ink $84.3m Grant to Enhance Wheat Production The African Development Bank Group has awarded grant funding totaling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement on 2 […]

NEITI set to Provide Data on Actual fuel Consumption The Nigerian Extractive Industries Transparency Initiative (NEITI) is set to provide data on the actual volume of Premium Motor Spirit (PMS) consumption in the country. Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, made this known at a consultative forum with the Civil Society Organisations […]

MTN, Mastercard, Exponential Consulting to Train 20,000 Women Entrepreneurs The MTN Foundation on Tuesday said it had entered into a partnership with Mastercard Foundation and Exponential Consulting Ltd. to train 20,000 women entrepreneurs. The Executive Secretary, MTN Foundation, Ms Odunayo Sanya, said in her keynote address at an event to sign the partnership agreement on Tuesday […]

Oil Slumps Over Weak Demand in China Crude oil prices decline over bleak demand outlook following weak economic data from China, the world’s largest oil importer. A sharp output reduction was reported for July. In a twist, market analysts have started to predict demand could spiral downward despite Chinese policy rate cut.  For most parts […]

NESG Predicts Stronger Economic Growth Mr ‘Laoye Jaiyeola, the Chief Executive Officer, Nigeria Economic Summit Group (NESG), has predicted a stronger economic growth in 2023 as firms’ new orders, output growth rate, and inventory activities increase. Jaiyeola said this at the third Edition of the Mid-Year Review of 2023 Economic Outlook, organised by the Chartered […]

Nigeria Eurobond Slumps after CBN Resumes OMO Auction Nigeria’s foreign currency denominated bonds fell as markets continue to weigh uncertainties in the local economy, both twin evils of inflation, and interest rates continue to surge with a bleak outlook on GDP growth. Despite rising pressures on government finances, the Debt Management Office has shifted focus […]