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EFCC Arraigns Lagos Business Executive Over Alleged $680,000 Fraud

KEY POINTS EFCC arraigned Olalekan Adewoye and his companies for allegedly defrauding a German firm of over $680,000 in construction materials. The defendant pleaded not guilty and was granted continued administrative bail with strict conditions including passport and property document surrender. The case is...
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JAMB Releases 2025 UTME Results, Withholds Nearly 40,000 Over Suspected Malpractice

KEY POINTS JAMB released results for over 1.9 million 2025 UTME candidates but withheld 39,834 due to suspected exam malpractice. Only 0.63% of candidates scored above 300, while 78% scored below 200, sparking concerns over education quality. 80 suspects are under investigation, and 50...

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Business

House of Representatives Calls for Suspension of CBN’s ATM Charges

KEY POINTS The House of Representatives has urged the CBN to suspend its planned...
Business

EFCC Lists 58 Illegal Ponzi Scheme Operators in Nigeria

The EFCC listed 58 illegal ponzi scheme operators in Nigeria, warning the public about companies not registered with CBN or SEC.
Business

NNPC Denies Terminating Crude Oil Deal with Dangote Refinery

KEY POINTS NNPC clarified that its six-month crude oil sales agreement with Dangote Refinery...
Business

Dangote Refinery Faces Trouble as NNPC Ends Naira-for-Crude Deal

NNPC ends the naira-for-crude deal, increasing costs for local refiners. Dangote Refinery adjusts while fuel prices could rise.
Business

NNPCL Ends Naira for Crude Supply to Dangote, Other Refineries

NNPCL has stopped its Naira for Crude supply to Dangote and other refineries, with discussions ongoing for a new crude agreement.
Business

NAFDAC Cracks Down on Illegal Sachet Water Production in FCT

The FCT-based illegal sachet water production facilities counted more than 40 closures after NAFDAC discovered serious hygiene breaches.
Business

NNPCL, Dangote Price Reduction Brings Relief to Retailers

NNPCL Retail Ltd together with Dangote Refinery decreased PMS costs thereby providing relief to Nigerians at the same time they established a retailer refund plan.
Business

Customs, CBN Partner to Automate FX Transactions in Trade

The Nigeria Customs Service along with the CBN dedicates efforts to automate foreign exchange transactions as well as trade facilitation while raising revenue collecting capabilities.
Business

Lagos Levies Disrupt LPG Supply As Marketers Warn Of Scarcity

Lagos state levies create disruptions in the supply capabilities of the Dangote Refinery leading to concerns about an imminent cooking gas shortage throughout the country.
Business

CBN Directs Banks to Publish Dormant Accounts

All banks must use national publications to disclose both dormant accounts and unclaimed balances according to CBN regulations.
Business

Cadbury Reports N10.4billion Loss for 2024

N10.4billion remained the reported operating deficit for Cadbury Nigeria during 2024 because of its successful revenue expansion.
Business

MTN, Transcorp Power Propel Stock Market’s Weekly Gains

The NGX ASI shows growth of 1.2 percent through its first week of February marking the start of year-end earnings reporting.
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EFCC Arraigns Lagos Business Executive Over Alleged $680,000 Fraud

KEY POINTS EFCC arraigned Olalekan Adewoye and his companies for allegedly defrauding a German...
News

JAMB Releases 2025 UTME Results, Withholds Nearly 40,000 Over Suspected Malpractice

KEY POINTS JAMB released results for over 1.9 million 2025 UTME candidates but withheld...
News

Atiku Faces Uncertainty Over PDP as 2027 Looms

Despite internal strife, PDP remains Atiku’s most viable path to Aso Rock.
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Leo XIV Becomes First American Pope With Global Vision

Pope Leo XIV, formerly Cardinal Robert Prevost of Chicago, has become the first American pope. His path to the papacy is one of devotion, humility, and global service.

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