The legal tussle over the legality of the Economic and Financial Crimes Commission (EFCC) having the power to arraign former Kogi Governor Yahaya Bello for alleged N80.2 billion fraud will begin today at the Court of Appeal in Abuja. The News Agency of Nigeria (NAN) reports that the appellate court is expected to hear EFCC’s application seeking to set aside ... Read More »

Banks are holding a string of meetings to finalise their recapitalisation plans ahead of the April 30 deadline for the submission of their implementation strategies to the Central Bank of Nigeria (CBN). The implementation/ work plan will detail how each of the banks intends to achieve its new minimum capital requirement within the two-year timeline stipulated by the apex bank. ... Read More »

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with the case who spoke on condition of anonymity because they were not authorised to speak on the matter confirmed the development to our correspondent on Sunday night. One of the ... Read More »

First Bank Board of Directors is in a meeting over the sudden departure of its MD, Dr Adesola Adedutan. The meeting will discuss ways of mitigating the effects of Adedutan’s sudden pre retirement leave which he said should take effect from today. Newsthumb reported exclusively recently that Adedutan conveyed his decision to quit eight months to his scheduled retirement to ... Read More »

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc hosted diplomats, government officials and business leaders to a networking reception in partnership with the esteemed Business Council for International Understanding (BCIU) and the U.S. Department of States in Washington DC on Monday . The event which was held on the sidelines of the ongoing IMF World ... Read More »

The Federal Government targets a 24-hour clearance of goods at the ports to enhance trade and ease of doing business. To achieve this, activities of all the agencies operating at the ports have been consolidated into a single window. Yesterday, the President inaugurated a committee on the implementation of the National Single Window Project (NSWP). The project, an electronic platform, ... Read More »

Voices from Civil Rights Society Organizations under the auspices of ‘Take It Back Movement’ supposed Sowore’s national civil society organisation and Restoring Of Women and Girls Life For Education (ROWGLES) has joined in the activation of urgent and swift appeal to the Governor of Lagos State, Gov Babajide Olusola Sanwo-Olu leadership to reopen Saint Margaret group of schools located at ... Read More »

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May 2024 at the Ecobank Pan African Centre (EPAC) in Victoria Lagos. It is open to students from primary, Secondary and Tertiary ... Read More »

The Federal Government, through the Ministry of Marine and Blue Economy, has said it will soon unveil its plans for the inland waterways and coastal services across the industry. Marine and Blue Economy Minister Adegboyega Oyetola reportedly announced this in a statement in Lagos by the Chief Executive Officer (CEO) of Zoe Maritime, Mrs. Tosan Edodo-Moore. The News Agency of ... Read More »

President Bola Tinubu has assured that the nation’s economy will roar back to glory in the coming months, re-echoeing the fact that the worst is over in the economic travails being faced by the nation. Tinubu however called for unity of purpose and more collaboration between the federal government, state governors, and members of the National Assembly to achieve national ... Read More »