The trial of a former Managing Director of Assets Management Corporation of Nigeria, AMCON, Ahmed Kuru, Union Bank and three others for allegedly defrauding Arik Airline of N76 billion and $31.5 million, respectively began before Justice Mojisola Dada sitting at the Special Offences Court, Ikeja, Lagos. The other accused persons …

The New Nigeria Peoples Party has condemned President Bola Tinubu’s state of emergency imposed in Rivers State. PUNCH Online reports that the President had on Tuesday declared a state of emergency in Rivers following the prolonged political crisis in the state. The president also suspended Governor Siminalayi Fubara, his deputy, …

The Northern Caucus of the House of Representatives, comprising lawmakers from the 19 northern states and the Federal Capital Territory, has thrown its weight behind the emergency rule declared in Rivers State by President Bola Tinubu. In a statement issued on Thursday, the caucus, led by its chairman, Alhassan Ado-Doguwa, …

The Nigerian stock market recorded its third consecutive day of negative close this week on Wednesday, as bargain hunters failed to provide support for oversold stocks This week, the market has lost about N563 million as weak sentiment at the Nigerian stock market kept gains in check. The market opened …

The Director-General of the National Youth Service Corps (NYSC), Brig.-Gen. Olakunle Nafiu, on Thursday assured corps members that the payment of their much awaited newly increased monthly allowance of N77,000 will begin in March. “With effect from March, you are going to receive the sum of Seventy-Seven Thousand Naira as …

Nollywood actress and filmmaker Mary Remmy Njoku has turned 40, and in a deeply reflective Instagram post on Thursday, she expressed gratitude for life’s journey while embracing the future with renewed purpose. Sharing her heartfelt prayer, the ROK Studios boss poured out appreciation for every moment—both the highs and lows—that …

Top opposition leaders in Nigeria, including former Vice President Atiku Abubakar; one-time Labour Party (LP) presidential candidate, Peter Obi; former Kaduna State governor, Nasir El-Rufai, and a former Secretary to the Government of Federation, Babachir Lawal, have told the National Assembly to reject the state of emergency declaration by President …

Ekiti State Governor, Abiodun Oyebanji, has reaffirmed the vital role of Promasidor Nigeria in the state’s economic transformation, describing the partnership between the company and the state government as a model for industrial growth and public-private collaboration. Speaking during a visit to Promasidor’s headquarters and factory in Lagos, Governor Oyebanji …

In a statement released on Thursday, the agency disclosed that a shop located along the YKC axis of Woji was identified as a key distribution point for the fake rice. The National Agency for Food and Drug Administration and Control (NAFDAC) in collaboration with producers of the Big Bull rice, …

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has assured that the Federal Government will soon appoint the much-awaited substantive ambassadors and high commissioners to fill Nigeria’s foreign missions, which have gone for over one year without the top officials. Tuggar gave this assurance in Abuja on Thursday during the …