The Economic and Financial Crimes Commission has arrested the Director General of the Nigerian Energy Commission, Mustapha Abdullahi, on charges of money laundering, Blow report. A source at the EFCC confirmed the news to journalists on Wednesday. He said Abdullahi was arrested in Abuja and is currently in the custody of the commission for questioning over alleged N500 billion fraud. …
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NGX: Animal Feed, Daar Communications led gains as investors made N440 billion
Investors in the Nigerian equity market earned N440 billion at the close of trading on Wednesday. This follows a surge in the prices of shares such as Livestock Feeds, Daar Communications and CWG, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 252,508.19 points from 252,411.67 points the previous day. After five hours of …
Read More »2027: NDC pegs presidential form at N60m, sets date for primaries
The Nigerian Democratic Congress (NDC) has announced that the presidential Nomination and Statement of Interest form ahead of the 2027 general elections will be worth N60 million. The National Chairman of the party, Moses Cleopas, who disclosed this in a statement made available to journalists in Abuja on Tuesday, also stated that the NDC presidential primaries are scheduled to be …
Read More »JUST IN: Court sentences former Power Minister, Saleh to 75 years in prison for N22 billion project fraud
Judge James Omotosho of the Federal High Court, has sentenced former Minister of Power, Saleh Mamman to 75 years in prison for acts of corruption related to the Mampilla and Zungeru hydroelectric projects. The trial judge on Wednesday found Mamman guilty on a 12-count indictment and stated that the prison terms would run consecutively, bringing the total sentence to 75 …
Read More »Top 10 stories from all Nigerian Newspapers, Wednesday 13 May
Here are the top ten stories from across the country 1. Atiku slams Nigerian government over rising insecurity as former lawmaker dies in kidnappers’ den Former Vice President Atiku Abubakar criticized President Bola Ahmed Tinubu’s security approach following the death of former member of parliament Abba Adamu while in the custody of kidnappers.Read more 2. The cleric told the court …
Read More »Atiku slammed the Nigerian government over rising insecurity as a former lawmaker died in kidnappers’ den
Former Vice President Atiku Abubakar has criticized President Bola Ahmed Tinubu’s security approach following the death of former member of parliament Abba Adamu while in the custody of kidnappers. Adamu was reportedly kidnapped by armed bandits along the Abuja-Kaduna highway on May 3 and is said to have died nine days later despite efforts by his family to negotiate his …
Read More »Top 10 stories from all Nigerian Newspapers, Monday 11 May
Here are the top ten stories from across the country 1. Atiku camp rejects Southern zoning for 2027, says opposition risks handing Tinubu an easy win Former Vice President Atiku Abubakar’s camp has warned opposition parties against limiting South Korea’s 2027 presidential candidacy, arguing that such a move could undermine efforts to oust President Bola Ahmed Tinubu.Read more 2. Wike …
Read More »Top 10 stories from all Nigerian Newspapers, Monday 11 May
Here are the top ten stories from across the country 1. Jonathan eyes presidential return in 2027 via PDP as groups struggle to get nomination forms Former President Goodluck Jonathan is set to return to the presidency of Nigeria on the platform of the People’s Democratic Party ahead of the 2027 general elections, according to a Vanguard report.Read more 2. …
Read More »Market capitalization increased by N3.2tr as the stock exchange boomed
Investors in the Nigerian equity market gained N3.2 trillion at the close of trading on Monday to continue its recovery. This follows a surge in the prices of shares such as Livestock, Intenegins and RT Briscoe on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 250,481.42 points from 244,670.65 points on the previous trading day. After …
Read More »Cap, Zichis, FTN Cocoa and others lead the stocks to watch this week
Investors in the Nigerian equity market earned N1.1 trillion at the close of trading last week. This follows an increase in market value to N157 trillion from N155.9 trillion recorded in the previous week. Likewise, the All-Share Index (ASI) appreciated by 0.71% to close the week at 244,775.83 points, up from 242,277.81 points recorded in the previous week. The market …
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