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The Police in Ebonyi killed two gunmen enforcing the sit-at-home order during a gun duel. Two other gunmen were also arrested, the police authorities said. Ebonyi police spokesperson Onome Onovwakpoyeya announced this in a statement on Tuesday. According to her, the police received information that gunmen suspected to be members of the Indigenous People of […]

The Nigeria Army in Port Harcourt has arrested one Desmond Okeh, an indigene of Anambra State, for parading himself as a Lance Corporal in the Army. The Spokesman of Nigeria Army 6 Division, Port Harcourt, Lt.-Col. Ikedichi Iweha presented the fake soldier before newsmen in Port Harcourt on Tuesday. Iweha said the suspect was arrested […]

A 45-year-old lawyer, Emekoba Russell, was arraigned by the police on Tuesday at Wuse Zone II Magistrates’ Court for allegedly forging his client’s signature. The client, identified as Hadiza Ujaj, owns a property at No 364, Zone 6, Dutse Alhaji, Abuja, which is at the centre of the case. According to the police, Mr Russell, […]

A Federal High Court, Abuja has nullified the redeployment of Alhaji Abubakar Faruk as the Managing Director, Abuja Markets Management Ltd (AMML) by the Board Chairman, Abubakar Maina, and the former Minister of Federal Capital Territory (FCT), Mohammed Bello. Justice Donatus Okorowo, in a judgment, ordered Faruk’s reinstatement as MD of AMML and that, the […]

Residents of Enugu, the capital of Enugu State have lamented the negative impact of the frequent sit-at-home order by non state actors in the South-East geo-political zone of Nigeria. They made their feelings known in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Enugu. The residents, among whom are traders, artisans […]

*Your Grievances Unfounded, Says Management Aggrieved senior staff of the Securities and Exchange Commission (SEC) are currently at loggerheads with their management over unresolved matters and have threatened to ground the establishment if their needs are not met. The workers are squaring up to the management through their union, the Association of Senior Civil Servants […]

Equities Market Cap Crosses N35trn as Investors Gain N851bn Nigeria’s equities market capitalisation crossed N35 trillion Monday following a strong bullish display that pushed investors’ wealth higher by about N851 billion. This suggests the Lagos exchange is out to consolidate its uptrend after a more than N1 trillion weekly gain reported last week. With improved […]

AfDB Backs Nigeria’s FX Rates Unification African Development Bank (AfDB) on Monday in Abuja commended President Bola Tinubu’s administration for unifying the naira exchange rate saying it would breathe an air of transparency into foreign exchange (Forex) markets. The bank’s president, Dr Akinwumi Adesina, said this on Monday in Abuja at the 2nd Edition of […]

Nigeria Intercepts Vessel with 800,000  Litres Stolen Crude Oil A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were apprehended on July 7, by operatives of Messrs. Tantita Security Services […]

Standard Chartered Sets Target Price of $120,000 for Bitcoin The price of the world’s largest cryptocurrency Bitcoin could round the $50,000 mark by the end of this year, banking group Standard Chartered estimated.  In a rather bullish estimate, Stanchart predicts Bitcoin price could hit $120,000. The so-called crypto winter is done, Standard Chartered thinks. The […]

FBNH Hits N800bn over Another Unusual Volume Trade FBN Holdings Plc’s market value rose sharply on Monday as investors traded more than 198 million shares worth N4.42 billion in the local bourse. At the close of the trading session, FBNH market valuation jumped above N800 billion as a result of heavy bargain hunting, 9.85% above […]

Nigeria’s Capital Importation Drops 28% in 12-Month Nigeria’s total capital importation drops by 28% in the first quarter of 2023, the National Bureau of Statistics said in its latest report. According to the report, total imported capital into Nigeria in Q1 2023 settled at US$1,132.65 million, a steep year-on-year decline compared with US$1,573.14 million recorded […]Read More