News

Anidiobi, who was granted pardon by the Enugu State Governor on December 31, 2024, had filed the suit to recover properties acquired with the proceeds of the crime, which were ordered to be attached and sold to compensate the bank. An Enugu State High Court on Monday, struck out a …

Globacom has unveiled a new product, the “Glo Collabo Bundles”, which gives subscribers the best of voice and data in one convenient package at highly affordable rates. The “Glo Collabo Bundles” are designed to make staying connected easier and more rewarding, whether for calls or internet use. With plans starting from just ₦500, customers …

Woodhall Capital, under the leadership of its founder Mojisola Hunponu-Wusu, is spearheading efforts to attract $50 billion in global investments aimed at accelerating development projects across Nigeria. In a recent interview, Hunponu-Wusu highlighted the firm’s growing momentum in mobilizing international capital. A key milestone in this journey was a pre-investor …

The Federal High Court in Abuja on Thursday, struck out the criminal charge filed by the Federal Competition and Consumer Protection Commission (FCCPC) against MTN Nigeria Communications Plc and its top officials. Justice Hauwa Yilwa struck out the suit, in a ruling, following an application for the withdrawal of the …

Grace Andreas Karka, Managing Director of Bonghe Microfinance Bank, has been sentenced to five years in prison for fraud involving N32 million. The EFCC prosecuted Karka, revealing unauthorized fund transfers and criminal conspiracy. Justice Benjamin Lawan Manji of the Adamawa State High Court has delivered a verdict of five years’ …

The Minister of Solid Minerals, Mr Dele Alake, says no fewer than 90 mining sites have been recovered from illegal miners across the country. Alake made the disclosure in Akure on Thursday at the ongoing South-West stakeholders’ dialogue organised by Afenifere, the Pan-Yoruba social-cultural group; DAWN Commission, and South-West governors. …

  The Petroleum Tanker Drivers (PTD) Branch of NUPENG has condemned in strongest term the two years internal divisions, reckless and wasteful expenditures, and a crisis of identity within its circle after admitting that the hijack of the Branch by the President and the General Secretary, Williams Akporeha and Afolabi …

Justice S.C. Oriji of the Federal Capital Territory (FCT) High Court, Maitama, has adjourned till December 9, 2025, the adoption of written addresses by the prosecution and defence counsel in the trial within trial of former Minister of Aviation, Hadi Abubakar Sirika. Sirika is being prosecuted alongside his daughter, Fatima …

The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based businessman, Ajayi Olushola, along with his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, over an alleged N1.07 billion fraud involving the supply of Automotive Gas Oil (AGO). Mr Olushola and his firm appeared on Tuesday before the …

EUR/USD rose for the fifth day, nearing its 1.1660-1.1670 in 100 days as markets experienced heavy dollar selling. Investors dumped the greenback in anticipation of a US Fed rate cut. The euro strengthened for the fourth consecutive session yesterday, the longest advance in a couple of months. The pair gains …