News

The rebound in naira exchange rates against the dollar and other global currencies is gradually leading to the drop in some commodities prices in the domestic market, analysts at Financial Derivatives Company Limited, have said. In an email report to investors released at the weekend, Managing Director, Financial Derivatives Company …

NIPCO PLC, an oil and gas company led by billionaire, Chief Bestman Anekwe is currently entangled in a multi-million-dollar bribery scandal with the disgraced former governor of the Central Bank of Nigeria, Godwin Emefiele, thewitnessng.com is reporting. Dr. Anekwe is a former national president of the Independent Petroleum Marketers Association of Nigeria …

Ola Olukoyede EFCC chairman The Economic and Financial Crimes Commission (EFCC) says it has so far recovered N32.7billion and $445,000 stolen from the Ministry of Humanitarian Affairs, Disaster Management and Social Development. The commission, in a statement issued by its spokesman, Dele Oyewale on Sunday said the EFCC had noticed the rising …

A Federal High Court in Lagos on Friday jailed controversial cross-dresser and social media celebrity, Idris Okuneye, popularly known as Bobrisky to six months in prison.   It had been reported that Justice Abimbola Awogboro reserved the date for his judgment after Bobrisky pleaded guilty to a four-count charge of …

Gunmen Gunmen kidnapped a journalist and reporter with Channels Television, Mr Joshua Rogers, at his residence in Rumuosi in Obio/Akpor Local Government Area of Rivers State on Thursday night. Rogers, who covers the Rivers State Government House for his organisation, was reportedly trailed after he closed from work to his …

Crude oil production Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of Petroleum Exporting Countries stated on Thursday. OPEC disclosed this in its latest Monthly Oil Market Report for …

Former CBN Godwin Emefiele at Federal High Court in Abuja… on Thursday (CREDIT: Olukayode Jaiyeola) The embattled former Central Bank Governor, Godwin Emefiele, has been granted bail in the sum of N50m after being charged with a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and …

No fewer than five firms have been linked with former Central Bank of Nigeria (CBN) Governor Godwin Emefiele in the latest 26-count charge of alleged fraud and corruption filed against him by the Economic and Financial Crimes Commission (EFCC). At least four of the firms have Lagos addresses, our investigations …

The Honourable Mohammed Ibrahim Idris, a former member of the House of Representatives and the son of a former governor of Kogi State, Ibrahim Idris, died today, Wednesday, in Abuja.   He represented Ankpa, Olamaboro and Omala federal constituencies at the lower chamber of the National Assembly. It was gathered …

Ahmad Olanrewaju Belgore, a retired Justice of the Court of Appeal (JCA), has passed away. The news of Belgore’s demise was announced on Tuesday night by the chairman of the Nigeria Bar Association (NBA), Ilorin branch, Kwara State, Kamaldeen Gambari, Esq. “Information reaching me now indicates that Hon. Justice Ahmad …