The Federal Government has summoned Nigeria LNG Limited (NLNG), Daewoo Engineering and Construction Nigeria, Saipem Nigeria Limited, and the National Association of Plant Operators (NAPO) over alleged fraudulent deductions and non-remittance of workers’ Pay-As-You-Earn (PAYE) taxes on the NLNG Train 7 project in Bonny, Rivers State. The summons, issued by …

There is no let-up yet in the crisis engulfing the Peoples Democratic Party (PDP) as former Jigawa State Governor and party stalwart Sule Lamido, is threatening a legal showdown if he is not allowed to purchase nomination forms to contest the position of the party’s National Chairman . The PDP’s …

In a desperate move to recover a whooping sum of N1, 133, 808, 604. 31 billion, fraudulently removed by some customers, Lotus Bank has dragged 45 banks in Nigeria before a Federal High Court Lagos. Lotus bank, in its motion on notice filed before that court confirmed that the money …

By BLAISE UDUNZE In a society where trust is the lifeblood of finance, Nigeria’s banking sector seems to be bleeding credibility at an alarming rate. The relationship between banks and their customers that was once defined by confidence and reliability has gradually shifted into one coloured by suspicion, frustration, and …

One of Africa’s biggest Afrobeats artists, Davido, is bringing the sound home with the Five Alive Tour, a groundbreaking nationwide campaign across Akwa Ibom, Adamawa, Enugu, Ibadan and Lagos. It marks one of the first times that a member of Afrobeats’ “Big Three” is touring Nigeria at full scale, not …

… Commends Tinubu’s reforms, projects $55bn annual revenue …Plans NGX listing to empower Nigerians   President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, …

A Lagos State civil servant has written Governor Babajide Sanwo-Olu over what he described as a growing wave of financial fraud allegedly perpetrated by some microfinance institutions. In a letter dated October 13, 2025, the complaint narrated a shocking experience involving unauthorized withdrawals, fraudulent loans, and salary deductions linked to …

Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos has fixed November 7, 2025 for the arraignment of three ex-employees of a broadcast outfit, Brilla FM, for allegedly defrauding the company of N100 million. This followed the failure of the defendants: Akakan Victor Mkpong Sam, Blessing Sunday Ekerete, and Anthony …

BY BLAISE UDUNZE When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those boasting record-breaking profits in the hundreds of billions and trillions, to sail through with ease. Their financial statements glistened with prosperity, with expanding …

FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, …