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A group of prominent Nigerian figures, “The Patriots” led by former Commonwealth Secretary-General, Emeka Anyaoku, last week called on President Bola Tinubu to convene a national constituent assembly to produce a new constitution for the country. That same week, former President Olusegun Obasanjo called for the prosecution of public officials in the country for abusing their office. This story and …

Nigerian equity market started the week at its lowest on August 12, 2024 as investors lost N404 billion at the end of the trading session. This follows the increase in stock prices such as BUACEMENT, SKYAVN and SUNUASSUR among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to N55.574 trillion from …

Edo State Deputy Governor Philip Shaibu has returned to office weeks after he was reinstated by the court. Justice James Omotosho of the Federal High Court, Abuja, on July 17 reinstated Shaibu as deputy governor of Edo State and ordered the Inspector-General of Police, Kayode Egbetokun, to restore his security detail. The judge, who delivered the verdict in the suit …

Nigerian equity markets reversed losses recorded in the first trading week of August to post relatively profitable trading last week. The stock exchange strengthened in three of the five trading sessions as the All Share Index (ASI) rose +0.87% and closed the week at 98,592.12 points from 97,745.73 points in the previous week. Additionally, investors gained N480.8 billion as market …

Here are the top 10 stories making headlines across the country. 1. SERAP writes Tinubu, concerned that $1.5 billion World Bank loan to 36 countries, $3 billion Chinese loan to the Federal Government may have been diverted The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to “direct the Attorney General of the Federation and the …

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to “order the Attorney General of the Federation and the Minister of Justice Mr. Lateef Fagbemi, SAN and appropriate anti-corruption agencies to immediately and thoroughly investigate the disbursement of the $1.5 billion World Bank loan obtained by 36 states and Abuja for poverty alleviation and social protection …

Tope Olamilekan, a woman in her mid-thirties, left home one cold morning to open her shop as she had done for years, but was in for a nasty surprise. Her source of livelihood was gone. Overnight, her shop, located at the busy Abeokuta-Sagamu Interchange Road, had been burglarized. She blamed the lack of lighting in the area at night. This …

Here are the top 10 stories making headlines across the country. 1. Atiku warns against sabotaging Dangote refinery project Former Vice President Atiku Abubakar, on Saturday, expressed concern over potential attempts to hamper the progress of the Dangote Refinery, a major private sector initiative poised to meet Nigeria’s energy and foreign exchange needs. Read more 2. Ogun government claims EFCC …

Former Vice President Atiku Abubakar, on Saturday, expressed concern over potential attempts to hamper the progress of the Dangote Refinery, a major private sector initiative poised to meet Nigeria’s energy and foreign exchange needs. In a statement issued via his X account, Atiku drew an analogy between raising children and investing in a project, stressing the importance of prioritizing their …

The Central Bank of Nigeria (CBN) has issued a new directive requiring foreign investors to provide concrete evidence of their investment transactions before they can repatriate funds or dispose of their holdings. This move is aimed at ensuring transparency and accountability in the foreign investment landscape. In a circular signed by WJ Kanya, acting director, department of trade and exchange, …