News

EFCC arrested 120 alleged internet fraudsters in Lagos

The Economic and Financial Crime Commission (EFCC) has arrested 120 alleged internet fraudsters in Lagos. The head of the media and advocacy of the commission, Dele Oyewale, revealed this in a statement on Monday in Abuja. He said the suspect consisting of 95 men and 25 women was arrested on Monday at various locations in Lagos. He added that the …

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Judge Tsoho redistributes five judges of the Federal High Court – Thage

By Victor Osula Abuja The chief judge of the High Court Federal (FHC), judge John Tsoho, approved the immediate redistribution of five judges in different judicial divisions. A declaration by the Director of information FHC, Catherine Christopher, said that the affected judges include judge M. Urar, who moves from the Enugu division to Abuja; Justice Tijjani Ringim, redistributed from Gombe …

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The Obidient movement rejects the claim of Peter Obi to accept the Slot VP 2027 offer

The Obidient movement has firmly rejected the media report which shows that the principal, Peter Obi, has agreed to the political arrangement to serve as a running partner for former Vice President Atiku Abubakar in the 2027 Presidential Election. In a statement released in Abuja on Monday, the Director of Strategic Communication for this Movement, Nana Kazaure, said the refutation …

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STANBIC IBTC Holdings Pat Hits ₦ 225.31 billion rose 60.23% yoy

Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced an increase in profit after tax (PAT) to N225.31 billion for a full year 2024. This is an increase of 60.23% year-to-year from the 2023 results. Likewise, profit before tax also rose to ₦ 303.80 billion. According to the financial statements audited financial institutions for the year …

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NGX: The equity market starts Sunday with N7BN losses for investors

The Nigerian equity market began trading week on Monday, May 19, 2025 with N7.89BN losses for investors. This follows a decrease in stock prices such as Initates PLC (TIP), Associated Bus Company (ABCTRANS), and University Press Ltd (UPL), among others, on the trading floor. The Benchmark All-Share Index (ASI) decreased to 109,697.83 points from 109,694.99 points recorded on the previous …

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Naira obtained N0.04 against dollars in the official window

The Nigerian currency, Naira, recovered a little on the US dollar on the official market on Monday, May 19, 2025, received N0.04. According to Nigerian central bank data (CBN), Naira appreciates N1, 598.68/$ 1 compared to N1, 598.72/$ 1 which is traded on Friday, May 16, 2025. This represents the profit N0.04 for local currencies. In the black market, Naira …

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A new dawn with the launch of the citizenship and business management platform

In a bold and transformative step towards the deepening of transparency, the acceleration of the provision of services and exploit the technology for national development, the Ministry of the Interior, under the visionary leadership of the Hon. (Dr.) Olubunmi Tunji-Ojo, has revealed a new online citizenship platform and business management. Innovation is in line with the renewed agenda of the …

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