….Agency arrests suspects in Lagos, PH, Kaduna The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt further depreciation of the naira against the dollar. The anti-graft agency said it had raised 14 special task forces to fish out culprits. The anti-graft agency, which announced the arrest of many racketeers in Lagos, Port Harcourt and Kaduna, said ... Read More »

A Federal High Court sitting in Lagos on Tuesday granted N30m bail to a businessman, Lanre Smith, accused of N10m fraud. Justice Ibrahim Kala granted the bail following a motion filed and argued by the defendant’s lawyer, Akin Apara. Apara who pleaded with the court to admit the defendant to bail on liberal terms stated that Smith was still presumed ... Read More »

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Alhaji Atiku Abubakar has certainly found a new hobby to keep himself busy, having failed to achieve his lifelong ambition of becoming the President of the Federal Republic of Nigeria. He is increasingly carving for himself the role of opposition-in-chief to President Bola Ahmed Tinubu and his government. However, we notice that the former Vice-President, just like in his political ... Read More »

The Nigeria Football Federation (NFF) said Super Eagles’ quarter-final victory at the Africa Cup of Nations (AFCON) was in tandem with President Bola Tinubu’s ‘renewed hope agenda.’ Ibrahim Gusau, NFF president, said this in an interview with the News Agency of Nigeria (NAN) in Abidjan on Saturday. The Super Eagles are through to the semi-finals of the AFCON after a ... Read More »

The Federal Government and Central Bank of Nigeria (CBN) have denied reported plans to convert foreign exchange in depositors’ domiciliary account to naira. Some sections of the media reported on Saturday that the Federal Government had plans to convert the domiciliary accounts to naira as a way to strengthen the naira. But the Coordinating Minister of the Economy Wale Edu, ... Read More »

A former President of the Nigerian Bar Association, Chief Wole Olanipekun (SAN), said, on Wednesday, that former President Olusegun Obasanjo almost punched him for advising that the 1999 Constitution be amended when Obasanjo was the sitting President. Olanipekun said while delivering the Convocation Lecture of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State. The theme of the lecture was: “Mass Exodus ... Read More »

In a surprising move, foreign exchange black market operators in Abuja, including those at the bustling Wuse Zone 4 market, abruptly stopped trading on Thursday morning. They attributed their decision to instructions from their union and a significant depreciation of the Naira against the US dollar at the official market. None of the traders approached was willing to exchange foreign ... Read More »

The Presidency has lampooned former Vice President Atiku Abubakar for implying that President Bola Ahmed Tinubu is not working to resolve the economic and security challenges facing the nation lately. Abubakar, who ran against President Tinubu in the 2023 presidential election on the platform of the People’s Democratic Party (PDP), called on the President to step aside if he cannot ... Read More »

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading Nigerian bank ... Read More »