Business

By Victor Osula, Abuja The Federal High Court in Abuja has restrained the Nigeria Police Force and the Federal Road Safety Corps (FRSC) from imposing fines on motorists for insuring third party motor vehicles without a valid court order. The ruling, delivered by Justice Hauwa Yilwa on Friday, follows a lawsuit filed by activist-lawyer Deji Adeyanju against the Inspector General …

The Economic and Financial Crimes Commission (EFCC) has arrested a former board chairman of the defunct Skye Bank Plc Plc, Tunde Ayeni, for alleged money laundering, embezzlement and diversion of funds A source close to the commission said on Friday that Ayeni, a businessman, was picked up on Thursday in Abuja. The former president, the source said, was questioned for …

Investors in the Nigerian equity market earned N1.8 trillion at the close of trading on Friday. This follows a surge in the prices of shares such as UPDC, Academy Press and HM Call, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 225,722.49 points from 222,837.68 points on the previous trading day. After five …

The Oyo State Government on Friday confirmed five cases of Lassa fever, with one death recorded in the state. The Commissioner for Health, Oluwaserimi Ajetunmobi, disclosed this during a press conference in Ibadan, the state capital, stressing that the affected patients are currently receiving treatment. He said the infected people were admitted to the Olodo State Center for Infectious Diseases …

By Ayo Kehinde President Bola Tinubu has approved a 30% reduction in debts owed by national airlines to federal aviation agencies, offering crucial financial relief to operators grappling with rising operating costs, particularly sharp increases in aviation fuel prices. According to Reuters, the Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the presidential approval on Thursday evening, describing it …

The Niger State Police Command has confirmed the abduction of Dr Tony Eghagagara, Head of Medical Services at New Bussa General Hospital in Borgu Local Government Area (LGA). The command’s spokesperson, SP Wasiu Abiodun, confirmed the incident in a statement released in Minna on Friday. Abiodun said Eghagagara was kidnapped on Wednesday around 9.30pm by suspected bandits from his private …

The Nigerian military inaugurated a General Court Martial on Friday to try officers accused of plotting to overthrow the government, officially beginning proceedings in a case that has attracted national attention. The hearing, held at the Scorpion Guards Brigade canteen in Asokoro, began under tight security, with the accused officers transported to the scene at around 8.53am. Journalists were prevented …

Good Governance Advocates have raised fresh concerns over the early retirement directive recently issued by the Nigerian Customs Service. The group urged the Customs authorities to ensure fairness and institutional balance in the implementation of the directive. In a statement issued on Friday by its convener, Ajibade Ojomo, the group criticized the decision to require officers approaching retirement to vacate …

By Victor Osula, Abuja The Nigerian Army on Friday inaugurated a General Court Martial to try officers accused of involvement in an alleged plot to overthrow President Bola Tinubu. The proceedings, initiated at the Guards Brigade Scorpion Mess in Asokoro, Abuja, mark the start of an internal judicial process following months of investigation into allegations dating back to October 2025. …

The Federal High Court has adjourned the ongoing money laundering trial involving former Kogi State governor, Yahaya Bello, to May 6 for continuation of proceedings. The decision was delivered on Friday by Emeka Nwite, who granted the adjournment to allow the defense lawyer, Joseph Daudu, to continue cross-examination of a prosecution witness. The witness, Abdullahi Jamilu, is the twelfth prosecution …