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...
Oil investors in Nigeria struggle with complex regulations and dollar shortages, hindering operations and raising concerns about future growth and stability.
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.
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 decision to shut down Nigeria's national grid during strike, disputing TCN's claims and calling for fair wages and better working conditions.
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.
A massive N44 billion fraud scandal has rocked First Bank of Nigeria, prompting police involvement and raising significant concerns over internal controls.
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 appoints Francis Agoha as new Acting Managing Director, replacing Kingsley Achife to drive improvements in electricity distribution and service reliability.
Nigeria's labor unions declare an indefinite strike from June 3, 2024, over unresolved wage and working condition issues, impacting public services nationwide.