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National Publicity Secretary of the People’s Democratic Party (PDP), Olisa Metuh, has been sent to Kuje Prisons over the $2.1 billion arms scam on the orders of an Abuja High Court. Justice Abang Okon of a Federal High Court sitting in Abuja said the PDP’s National Publicity Secretary should be remanded in the prison till […]Read More

As expected, the directive by the CBN lifting the ban on forex deposits into bank accounts has not gone down well with most depositors. The CBN in a recent announcement, lifted the ban it placed last year on forex deposits into banks and then banned the sale of forex to CBN from its official window. […]

The Nigerian Senate has summoned the CBN Governor, Godwin Emefiele to its chambers next Tuesday to come and explain why the dollars is not trading for N305. The Punch reports Senate Leader, Ali Ndume disclosed his invitation was under matter of urgent national importance. “As of today, the naira is exchanged for 305 to one […]

Nigeria’s pioneer indigenous vehicle manufacturing company, Innoson Vehicle Manufacturing Company Limited, has laid off about 50 percent of its work force, according to News Express. The change in government, high cost of the dollar, and difficulty in procuring foreign exchange for imported vehicle components were some of the reasons attributed for the dwindling fortunes of the […]

The Federal Executive Council on Wednesday approved an additional $200m loan from the International Development Association, an arm of the World Bank, in support of the Lagos State Development Policy Operation. This was disclosed by the Minister of Information and Culture, Alhaji Lai Mohammed and the Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), […]

Dangote Group is building a 1,100-kilometer pipeline which would give the country three billion cubic feet of gas, compared to the nation’s current consumption of one billion cubic feet. This was confirmed by the President, Dangote Group, Alhaji Aliko Dangote, who said the gas pipeline being built by the company will triple the country’s consumption of […]Read More

The consequences of the Central Bank of Nigeria (CBN) ban on the sales of forex to Bureaux De Change (BDC) operators, seemed to have no effect on the Naira, as it crashed to N300 to $1 yesterday. According to some operators interviewed, the Naira exchanged for 300 against the dollar in Kano, 290 in Lagos and 292 […]

On October 23rd, the Southern California Gas Company’s natural gas storage well sprung a leak in the Los Angeles neighborhood of Porter Ranch. For over two months, it has spewed gas, releasing over 80,000 metric tons of methane. No one seems able to stop it, either. While the leak pumps out thousands of tons of toxic […]Read More

According to a report that appeared in The Bar Examiner, law students are hiding their crippling depression and binge drinking because they think it will hurt their chances at becoming a lawyer. Unfortunately, it’s perhaps indicative of our profession when we say that we’re not at all surprised by this. Your Future Lawyer: Binge Drinker […]

Remember former New Orleans Mayor Ray Nagin? He was chared and convicted of corruption charges in 2014 and is currently serving his sentence in federal prison in Texas. The Court of Appeals for the Fifth Circuit ruled against Nagin, essentially laughing off his calls for a new trial based on incorrect jury instructions. The circuit […]

A group of 194 employees fired by Vanderbilt University in the summer of 2013 can’t pursue a class action — and planned settlement — against the university over Vanderbilt’s violation of “mass layoff” laws, the Sixth Circuit ruled last week. The canned employees alleged that Vanderbilt never provided them or 279 other employees 60-days notice […]Read More

Stolichnaya, the famous Vodka brand that made its fame in the United States during the 80s, has been the subject of a long and bitter decades’ long suit over who owns the venerable Russian brand. Now, it looks like a minion of the Russian state can sue a group of successor companies that arose out […]