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The Federal Capital Territory High Court in Maitama, Abuja, has adjourned the defamation trial of Senator Natasha Akpoti-Uduaghan to December 1. Justice Chizoba Oji postponed the hearing after the prosecution failed to properly serve its response to a preliminary objection filed by the defence. Akpoti-Uduaghan, arraigned on 19 June, faces …

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 …

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 …

Matthew Kukah, the Catholic bishop of the Sokoto diocese, has urged the US government not to redesignate Nigeria as a country of particular concern (CPC). Kukah spoke on Tuesday at the launch of the Aid to the Church in Need (ACIN) 2025 report on religious freedom in the world, held …

The federal high court in Abuja has fixed October 31 to deliver judgement in a suit seeking to stop the planned national convention of the Peoples Democratic Party (PDP) scheduled for November 15 and 16 in Ibadan, the Oyo state capital. James Omotosho, the presiding judge, fixed the ruling date …

A United States (US) district court has ordered the interim forfeiture of a property in California linked to Paulinus Okoronkwo, a Nigerian American, alleged to have been acquired with proceeds from bribery. Okoronkwo is a former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited. In September, …

The Naira yesterday appreciated to N1,495 per dollar in the parallel market from N1,500 per dollar on Monday. But the Naira depreciated to N1,464.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira …

Telecommunications giant, Globacom, has recorded another milestone at the weekend as it powered the 2025 Ofala festival to another successful conclusion. The event also sealed the company as Nigeria’s biggest supporter of culture. This year’s festival featured the Iru Ofala on Friday and the Azu Ofala on Saturday at the …