Business

Zekari Umoru, one of the defendants in the ongoing trial of six people accused of plotting a coup against President Bola Tinubu’s government, said Tuesday that he was deceived by his co-suspects. Umoru, an employee of Julius Berger Nigeria Plc in the maintenance department of the Presidential Villa, Abuja, made the request in a video shown before Justice Joyce Abdulmalik …

Investors in the Nigerian equity market lost N906 billion at the close of trading on Tuesday. This follows the fall in the prices of shares such as Guinness, Union Dicon and Aiico, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 241,750.15 points from 243,158.97 points on the previous trading day. After five hours of …

Actor politician and promoter of the All Democratic Alliance (ADA), Dr Umar Ardo, has warned that the ongoing restructuring within the ranks of the Nigerian opposition, particularly the emergence of the Nigerian Democratic Congress (NDC) alongside the African Democratic Congress (ADC), is likely to strengthen the ruling All Progressives Congress (APC) ahead of the 2027 general elections. Ardo stated this …

The Borno Police Command has successfully averted what could have turned into a major security incident after recovering and safely detonating an improvised explosive device (IED) discovered in the Moduganari area of ​​Maiduguri. The timely intervention followed a routine surveillance and foot patrol conducted by police officers at around 9am on Tuesday, in Layin Logo, Moduganari, where a suspicious unattended …

Seventeen members of the House of Representatives, on Tuesday, defected from the African Democratic Congress (ADC) to the Nigeria Democratic Congress (NDC). In separate letters read by the Vice President, Rep. Benjamin Kalu in plenary, the members cited the ongoing leadership crisis in the ADC as the reason for their actions. Mr. Peter Obi, the Presidential […] The post Defections: …

The Federal High Court in Abuja on Monday played video recordings in which a retired naval officer and a serving police inspector allegedly admitted knowledge of a plot to overthrow the administration of President Bola Tinubu.. The recordings, presented by the prosecution, were part of the proceedings in the ongoing trial of six defendants accused of involvement in the alleged …

By Victor Osula, Abuja The Federal Government has called for greater protection for Nigerians living in South Africa, urging authorities to strengthen security measures and ensure the safety of foreign nationals amid growing concerns over recent incidents. This move comes in the wake of the deaths of two Nigerians, Amaramiro Emmanuel and Ekpenyong Andrew, who reportedly died in the custody …

The Chairman of the Executive Committee of the West African Power Pool (WAPP), Eng. Sule Ahmed Abdulaziz, called for decisive action to strengthen the governance of the institution and accelerate the development of a reliable regional electricity market. He described ongoing restructuring efforts as a “strategic necessity” for the future of energy integration in West Africa. Ndidi Mbah, WAPP Director …

The Federal Capital Territory High Court on Monday remanded former Syke Bank chairman Tunde Ayeni in Kuje Prison pending a decision on his bail application. Justice Jude Onwuegbuzie gave the order after Ayeni’s lawyer, Ahmed Raji, SAN asked for a short date for the defense to move the bail application. The judge adjourned the case to May 13, for the …

Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, to explore the potential of a Technical Equity Partnership (TEP) aimed at completing and operating the Port Harcourt and Warri refineries. The agreement was signed in Jiaxing City, …