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Naira Reclaims Value as FX Demand Pressures Ease The Nigerian naira made significant rebounds Wednesday from exchange rate (FX) pressures witnessed in the official window in the previous day due to increasing demand for foreign currency (FCY) to conduct offshore transactions by market participants. Data from the FMDQ Exchange platform reviewed by MarketForces Africa Research […]

Investment in Nigeria’s Telecom Sector Hits $76bn –NCC The Nigerian Communications Commission (NCC) announced that foreign direct investment (FDI) and local investment in the nation’s telecommunications sector reached 75.6 billion dollars as of 2021. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made the announcement officially during an interactive session with stakeholders in the […]

FBNHoldings Hits N664bn after Unusual Trade Volume Is FBNH eyeing N1 trillion market valuation? Impossible is nothing – there are two banks in that club already. At the close of a trading session on Wednesday, the financial service boutique surged passed N664 billion following a weird trading transaction volume worth about N1.7 billion in a […]

The Independent National Electoral Commission (INEC) has filed a six-count charge against Hudu Yunusa-Ari, the suspended resident electoral commissioner in Adamawa state. The charges were filed at the high court in Yola, the state capital. In a statement on Thursday, INEC said it took the action after reviewing the case file from the police which […]

The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has summoned ex-Governor Abdullahi for questioning over the controversial dollar videos. In 2017, Daily Nigerian, an online publication, had released some videos of Ganduje allegedly collecting kickbacks from contractors. The ex-governor had denied the allegation, saying the videos were doctored. But speaking Wednesday at a one-day […]

Chichi, a finalist from the popular reality TV show Big Brother Naija ‘Shine Ya Eyes,’ has officially threatened legal action against her fellow contestant, Phyna, following a heated argument during the BBNaija Reunion. Chichi is seeking N100 million in damages for alleged defamatory statements made by Phyna. The argument arose when Phyna accused Chichi of […]

*Suspends Telephone Tax *Defers Implementation Of Finance Act, Customs Tariff President Bola Tinubu in a bid to address concerns raised by manufacturers and other stakeholders regarding recent tax changes by the Muhammadu Buhari’s administration, has signed four Executive Orders one of which is the suspension of the 5% Excise Tax on telecommunication services as well […]

Nasarawa chairman of the All Progressive Congress (APC) stakeholders forum, Dr Kassim Muh’d Kassim has stated the 10 members of Nasarawa Assembly led by Hon Daniel Ogazi did not receive their June salaries because they were not inaugurated. Dr Kassim, a former member of the Assembly, stated this on Thursday in Lafia during a briefing. […]

The Presiding Judge, Benin Judicial Division of the National Industrial Court, Hon. Justice Adunola Adewemimo has dismissed the preliminary objection filed by one Emmanuel challenging the jurisdiction of the Court to hear the matter brought by the First Bank of Nigeria Ltd bordering on loan recovery for lacking merit. Justice Adewemimo held that the cause […]

Vladimir Putin has humiliated Wagner chief Yevgeny Prigozhin after his failed uprising in Russia by sending security services to raid his St Petersburg palace. Dailymail reports that Pro-Kremlin newspaper Izvestia yesterday published photos and video of armed officers searching Prigozhin’s mansion while he was exiled in Belarus on June 24. The investigators discovered huge caches […]

By Hassan Olalekan Sherif, Esq. “Continuous improvement is better than delayed perfection.” – Mark Twain The recent back and forth between the Joint Admissions and Matriculation Board, JAMB, and its Unified Tertiary Matriculation Examination, UTME, candidate, Mmesoma Ejikeme, has for me shown how deeply divided and polarized, our dear country, Nigeria presently is, especially coming […]

By Oyetola Muyiwa Atoyebi, SAN INTRODUCTION Tortuous liability refers to responsibility for damage, harm, or inconvenience occasioned by an action or inaction. Elementarily, to incur liability for damage or harm suffered, there must be the presence of a duty (which is primarily fixed by law and owed to persons generally), breach of the said duty, […]