News

Naira slides to ₦1,369/$ as FX pressure persists

The naira extended its downward trend on Monday, weakening to ₦1,369 per dollar at the official market, amid persistent foreign exchange pressures and declining external reserves. Data from the Central Bank of Nigeria showed the currency slipped from ₦1,361.5/$ recorded at the close of trading last Friday, marking its weakest …

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Emefiele Seeks to Stop Prosecution in $6.3bn Fraud Case

Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has asked an Abuja High Court to terminate the prosecution’s case if key witnesses are not presented at the next hearing. The application was made through his lawyer, Matthew Burkaa, during proceedings on Monday. The defence made the request after …

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CNN African Voices Profiles Multidisciplinary Artist, Ejatu Shaw 

Celebrated London-based photographer and multidisciplinary artist, Ejatu Shaw is special guest on this week’s edition of African Voices, the CNN International magazine program sponsored by Technology Company, Globacom The 30 – year -old British-Sierra Leonean creative has quickly become a rising force in the global art and fashion scenes. Shaw …

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Nestlé Nigeria Celebrates 15 Years of Impact with 20 Graduates from Flowergate Technical Training Centre

Nestlé Nigeria is celebrating 15 years of impact with the graduation of twenty young trainees from the Flowergate Technical Training Centre. This milestone reinforces the company’s long-standing commitment to youth empowerment through the development of technical and vocational skills among young Nigerians.   The Nestlé Technical Training Centre is part …

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Suspected coup plotters arraigned, remanded in DSS custody

The federal high court sitting in Abuja on Wednesday ordered the remand of six defendants in the custody of the Department of State Services after they were arraigned on a 13-count charge bordering on alleged terrorism. At the proceedings, which began around 1:46 p.m., the Attorney-General of the Federation, Lateef …

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Ernest Obiejesi loses again as Court lifts EFCC shield on firms linked to Nestoil Group, clearing the way for a probe into a $1 billion debt dispute

A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute. A Federal High Court in Abuja has lifted the legal shields that had been protecting 2 companies linked to billionaire Ernest Azudialu Obiejesi’s Nestoil Group from scrutiny …

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