News

The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The apex bank disclosed this in a circular issued on Friday, December …

For truce in the ongoing criminal defamation matter, Aare Afe Babalola (SAN) might have given conditions to Dele Farotimi, it was learnt yesterday. The police are prosecuting Farotimi, a Lagos lawyer in Ado-Ekiti, following a petition by Chief Babalola, who alleged criminal defamation of his character in the book: Nigeria …

Speaker of the House of Representatives, Tajudeen Abbas, has described the media as a key partner in broadening Nigerians’ understanding of the workings of the legislative arm of government. He stated this on Saturday in Zaria at a capacity-building training for members of the House of Representatives press corps with …

The apex bank expressed its concerns about the increasing prevalence of mint naira notes being traded by hawkers.The Central Bank of Nigeria has stated that it woiimpose a fine of N150million on any commercial bank involved in trading of new Naira notes to the citizens. This warning was contained in …

The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON), formerly known as the Advertising Practitioners Council of Nigeria (APCON), or its agents from demanding N60 billion from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the …

  The race for the 2027 governorship election seems to have started earlier than expected in Kwara State, albeit on a very impressive and commendable note, just as the founder Of KAB Constructions Limited and Chairman Of Kehinde Alex Bankole Foundation, Dr. Kehinde Alex Bankole kicked off his strategic consultations …

Farotimi on Friday made it clear that he opposed any attempts to mediate or beg for his release, stating that the legal process should take its natural course. Human rights lawyer and activist, Dele Farotimi, has distanced himself from anyone seeking to mediate with legal luminary, Are Afe Babalola, on …

Mrs Excel Ihekweme, wife of the former Commissioner for Foreign and International Affairs in Imo, Dr Fabian Ihekweme, has petitioned President Bola Tinubu, over allegations bordering on unlawful arrest and detention of her husband. Excel, in two letters dated Dec 13 and written on her behalf by a rights group, …

  The Independent National Electoral Commission (INEC) has debunked the rumour that its Chairman Mahmood Yakubu died in London. The Commission in a statement released on Saturday by its Chief Press Secretary, Rotimi Oyekanmi told the members of the public to disregard the news. He said, “Our attention has been …

Yahaya Bello, former governor of Kogi state, has pleaded not guilty to the charges preferred against him by the Economic and Financial Crimes Commission (EFCC). The ex-governor was also granted bail in the sum of N500 million, with two sureties in like sum, by the federal high court in Abuja. …