Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.   The Exchange stated that this would create opportunities for domestic investors to have access to their shares and at the same time, contribute to …

The Board of the Nigeria National League has approved the constitution of various standing Committees to ensure the effective running of the League which begins on October 28, 2023. The Committees constituted are Disciplinary, Finance, Media and Technical. The Disciplinary Committee will be headed by Yakubu Sarma while his members would include Prince Momoh Muhammed, Emeka Iwuagwu, Barrister Abdul Ibrahim …

Lagos State Governor, Babajide Sanwo-Olu Lagos State Election Petition Tribunal has reserved judgment in two petitions against election of Gov. Babajide Sanwo-Olu, and his deputy, Dr Obafemi Hamzat. The three-man tribunal led by Justice Arum Ashom, on Saturday, said it would communicate the date for the judgment to the parties in the petition. Ashom made this known after counsel to …

The Economic and Financial Crimes Commission (EFCC) has arraigned Aisha Alkali Wakil (a.k.a Mama Boko Haram) alongside Tahiru Saidu Daura and Prince Lawal Shoyode before Justice Umaru Fadawu of the Borno state High Court, Maiduguri. A press statement issued by the Commission’s Head, Media and Publicity, Mr Dele Oyewale, Sunday, said the trio were arraigned on a two-count charge bordering on conspiracy …

The naira on Monday lost against the dollar as it exchanged at N773.50 at the Investors and Exporters’ window. The local currency depreciated by 7.08 per cent against the N736.62 it exchanged for the dollar on September 8. The open indicative rate closed at N771.49 to the dollar on Monday. A spot exchange rate of N804.15 to the dollar was …

The Ondo state House of Assembly has again reinstated their position on the current impeachment process against the state deputy governor, Lucky Orimisan Ayedatiwa. In a letter written by counsel to the Assembly, Femi Emmanuel Emodamori and made available to the press stated that “Our Client, the Ondo state House of Assembly, has brought some distorted news story stating that …

Joshua overcomes Helenius Anthony “AJ” Joshua (26-3-0, 23 KOs) knocked out Robert “The Nordic Nightmare” Helenius (32-5-0, 21 KOs) with a massive right punch in the seventh round on Saturday at the O2 Arena in London. Joshua, 33, executed his gameplan to perfection, stalking the opponent from the start in search of a knockout blow. The first five rounds seemed like a slow …

   The North  East  Development Commission  (NEDC)  has signed a Memorandum of Understanding (MoU)  with  Mainstream Energy Academy to train 60 youth from the north eastern states of  the federation for  8 weeks electrical technicians training  programme.  The youth, who were drawn from the six states of the North-east as part of the commission’s mandate on developmental and transformational interventions, the …

Increased video streaming and talk time raised the amount spent on telecom services to N3.86tn in 2022. The Nigerian Communications Commission disclosed this in its newly released ‘2022 Subscriber/Network Data Annual Report.’ It noted that this was 18.74 per cent increase from the N3.25tn that was spent in 2021; an indication of sustained growth in Nigerians reliance on telecom services. …

Former Adamawa Governor, Bala Ngilari, in defence of his integrity amid corruption allegations, said he’d faint if he owned N1 billion. Ngilari, who governed the North Eastern state for a brief period between October 2014 and May 2015, was convicted of corruption and sentenced to prison after leaving office. The former governor made the remarks while appearing as a guest …