KEY POINTS
The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7, 2026.
A prosecution witness testified about dollar transactions and admitted gaps in earlier statements.
Discrepancies in evidence emerged, while the court allowed additional exhibits despite defence objections.
Justice Emeka Nwite of...
KEY POINTS
EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and $30m fraud.
Funds obtained from Polaris Bank were reportedly diverted from intended projects.
About 12 linked companies are under investigation, with charges expected soon.
The Economic and Financial Crimes Commission has...
UBETAS Limited has unveiled a $550 million project to expand Nigeria's domestic gas supply, aiming to boost local production and distribution, enhance energy security, and support economic growth.
Newly appointed caretaker committee chairmen in Rivers State, Nigeria, face a unique challenge: locked council offices guarded by police. Despite this hurdle, the chairmen have begun working from temporary locations and outlined development plans. The situation creates uncertainty regarding access to resources and potential disruption to local services.
The Nigerian Stock Exchange sees a 437% surge in foreign investor trades, driven by improved market conditions and favorable government policies, signaling renewed economic confidence.
In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.
Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households