News

The Nigerian equity market stalled its bullish run as investors lost N101 billion at the end of trading on Wednesday. This follows a plunge in the prices of shares such as Jaiz Bank, Dangote Sugar and Cap among others on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 196,463.22 points from 196,621.96 points on the previous trading …

US Court Jails Former NNPC CEO For 87 Months Over $2.1 Million Bribe From Addax Petroleum Interior of an empty courtroom with gavel, law books and sound pad on desk. The Economic and Financial Crimes Commission (EFCC) has arraigned a businesswoman, Titilayo Eboh, before the Special Crimes Court, sitting in Ikeja area of ​​Lagos State, over an alleged N1.8 billion …

The DPR Ad hoc Committee on Wednesday threatened to issue an arrest warrant against the Managing Director of Bank of Industry (BOI), Dr. Olasupo Olusi, for refusing the invitation. The committee asked Olusi to be accountable for the performance of funds at the bank. The committee, which investigates the operations, sources of funding and performance of Development Finance Institutions (DFIs), …

The Senate of the Federal University, Dutse has approved the expulsion of 20 students for examination malpractices. The agency also expelled 15 other people from the village for the same reason. This was stated by the Director of Academic Affairs of the university, Nora Dannatta, in a statement issued by the Director of Public Affairs, Abdullahi Hahaha-Bello, Wednesday in Dutse. …

Sophia Momodu’s lawyer in her ongoing custody dispute with singer Davido has sought damages of $1 billion from the artiste for alleged defamation, harassment and cyberbullying. Ebelechukwu Enedah, partner at Punuka Attorneys & Solicitors, made the request in a letter dated February 24, accusing Davido – whose real name is David Adeleke – of conduct that is believed to have …

One of five people indicted by the Department of State Services (DSS) for alleged involvement in the June 2022 attack on St. Mary’s Catholic Church. Francis, Owo in Ondo State, on Wednesday, told the Federal High Court in Abuja, how he was arrested by the secret police. The suspect, known as Idris Abdulmalik Omeiza, opened his defense while being presented …

FIFA, which governs world football, has effectively dashed the Super Eagles’ hopes of playing in the 2026 World Cup after they confirmed that the Democratic Republic of the Congo will take part in the final playoffs in Mexico later this month. FIFA is yet to announce a verdict on Nigeria’s petition against the Democratic Republic of the Congo for fielding …

President Bola Tinubu has ordered the suspension of the newly introduced cashless payment system at the country’s airports. This follows reports of traffic jams experienced by travelers across the country. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this to State House correspondents at the end of the Federal Executive Council (FEC) meeting chaired by President Tinubu on …

Over the past few days, I have received calls, messages and visits from leaders, friends and collaborators across Ogun State. The question was consistent and direct: Why Yayi? And why now? My alignment with Solomon Olamilekan Adeola, fondly known as Yayi, did not happen by chance, and it was certainly not an impromptu decision. It is the result of reflection, …

President Bola Tinubu has directed the Minister of Aviation, Festus Keyamo, to suspend the cashless payment system recently implemented by the Federal Airports Authority of Nigeria (FAAN). Keyamo made the announcement on Wednesday, March 4, while briefing State House correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja. The President directed that the system be reviewed to …