HomeNews

News

Yahaya Bello Money Laundering Trial Adjourned to May 6

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...

EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

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...

Keep exploring

Oil Investors Face Bureaucratic Hurdles in Dollar-Starved Nigeria

Oil investors in Nigeria struggle with complex regulations and dollar shortages, hindering operations and raising concerns about future growth and stability.

Tinubu Dedicates Key Abuja Road to Nobel Laureate Soyinka

President Bola Tinubu honors Nobel Laureate Wole Soyinka by renaming a key road in Abuja, highlighting his contributions and the government’s commitment to cultural recognition.

Invalid LASU Degree Certificate Surfaces at Suya Stand

A mishandled and invalid degree certificate from Lagos State University was recently found at a local suya spot, prompting an immediate response from the university to prevent future incidents.

NLC Defends Grid Shutdown Over Nationwide Strike

NLC defends decision to shut down Nigeria's national grid during strike, disputing TCN's claims and calling for fair wages and better working conditions.

NLC Raises Alarm Over Soldier Deployment to Institutions Amid Strike

The NLC has condemned the government's deployment of soldiers to institutions amid a nationwide strike, calling it an act of intimidation against protesting workers.

Mbappe Secures a Five-Year, €150 Million Deal With Real Madrid

Kylian Mbappe joins Real Madrid in a €150 million deal, setting the stage for an exciting future with the La Liga champions.

Nigeria Advances in Global Markets with Key Economic Reforms

Nigeria's President Bola Tinubu's recent executive orders aim to elevate the country's petroleum sector to global competitiveness.

N44bn Fraud Scandal Rocks First Bank, Police Assistance Sought

A massive N44 billion fraud scandal has rocked First Bank of Nigeria, prompting police involvement and raising significant concerns over internal controls.

Looming Strike Threatens to Deepen Economic Hardship

Nigerian rights group CERON warns the government of a looming labor strike that could worsen the nation's economic hardship. The group urges renewed negotiations between the government and labor unions to reach a compromise on a new minimum wage. With Nigerians already struggling, a strike would further erode purchasing power and potentially lead to social unrest.

IBEDC Sacks Kingsley Achife as Acting Managing Director, Appoints Francis Agoha

IBEDC appoints Francis Agoha as new Acting Managing Director, replacing Kingsley Achife to drive improvements in electricity distribution and service reliability.

Nigeria’s Labor Unions Announce Indefinite Strike

Nigeria's labor unions declare an indefinite strike from June 3, 2024, over unresolved wage and working condition issues, impacting public services nationwide.

Tinubu Launches Initiative to Bridge Gap, Empower Vulnerable Nigerians

In a move to bridge the gap between the government and local communities, Nigerian...

Latest articles

Yahaya Bello Money Laundering Trial Adjourned to May 6

KEY POINTS The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7,...

EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and...

Gunmen Storm Benue Palace, Kill Traditional Ruler, Family and Two Others

KEY POINTS Gunmen killed a traditional ruler, his wife, son, and two others in...

Kidnapped Lagos Woman Freed After Family Pays $17,500 Ransom

KEY POINTS A Lagos woman was kidnapped from her home in a late-night attack...