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The Economic and Financial Crimes Eradication Commission (ECRC) on Monday arraigned Ibrahim Shuaibu at the Kaduna State High Court for alleged fraud amounting to N100 million. The defendant was charged with seven counts of breach of trust, impersonation and obtaining information by false pretenses. In a statement posted on his X account, the commission accused Shuaibu of falsely representing himself …

Officers of the Department of State Services (DSS) on Monday surrounded the offices of the Socio-Economic Rights and Accountability Project (SERAP) in Abuja. The NGO revealed this in a statement uploaded to its X account. He described the action as “unlawful occupation.” He urged President Bola Tinubu to immediately intervene to protect the rights of Nigerians. SERAP revealed in the …

The National Bureau of Statistics (NBS) said on Monday revenue generated from Value Added Tax (VAT) rose to N1.56 trillion in the second quarter of this year. The figure shows a 9.11% growth in VAT revenue when compared to the N1.43 trillion recorded in the first quarter. The agency revealed that revenue generated from Corporate Income Tax (CIT) for the …

The death toll from a petrol tanker explosion after colliding with another vehicle has risen to 59. The incident occurred on Sunday along the Lapai-Agaie road, about 2 kilometers from Dendo Community in Agaie LGA, Niger State. The petrol tanker collided head-on with another truck carrying over 60 people and 50 cows from Kano to Lagos. Abdullahi Baba-Arab, director-general of …

The Nigerian equity market started the week on a negative note on Monday, September 9, 2024 as investors lost N111 billion at the end of the trading session. This follows a decline in share prices such as JBerger, Transpower, and UPL among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to …

The Naira started the week on a positive note against the US dollar in the official window on Monday, September 9, 2024. The local currency was trading at N1,580/$1 on the official window to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,580/$1 is N13 lower than the N1,593/$1 the currency was trading at on the …

Governor Abba Yusuf of Kano State has launched several new initiatives aimed at addressing the root causes of violent extremism, banditry and kidnapping in the state. During a visit by a delegation from the Office of the National Security Adviser (ONSA), led by Mairo Abbas, Director of Prevention and Countering Violent Extremism (PCVE) at the National Counter Terrorism Centre, and …

  ● While the partners aim for the JV’s oil production target of 165,000 barrels per day by December 2024   In line with the provisions of the Petroleum Industry Act (PIA), 2021 on the transfer of assets from Petroleum Profit Tax (PPT) to PIA terms, NNPC Ltd and its joint venture (JV) partner, Chevron Nigeria Ltd (CNL), have completed …

The Nigeria Labour Congress (NLC) has set a deadline of Monday midnight for the Federal Government to release its President, Joe Ajaero, or face dire consequences. The NLC has scheduled an emergency meeting of the National Executive Council (NEC) for Tuesday at 9 a.m. to determine an appropriate response if Ajaero is not released. In a communique issued after an …

Julius Abure, the national chairman of the embattled Labour Party, has announced that the party’s presidential ticket for the 2027 elections will no longer be reserved exclusively for former candidate Peter Obi. Addressing a press conference after the party’s National Executive Committee (NEC) meeting in Abuja on Monday, Abure stated that the 2027 presidential ticket is now open to all …