News

  Muda Yusuf,   The Centre for the Promotion of Private Enterprise (CPPE) has explained why the implementation of the 0.5 percent cybersecurity levy ordered by the Central Bank of Nigeria, CBN, to be deducted from electronic transactions of customers by the banks in the country should be halted. The …

The Economic and Financial Crimes Commission (EFCC), arraigned Dandare before Justice Bello Shinkafi of Zamfara State High Court sitting in Gusau. A former registrar of the Zamfara State Upper Sharia Court 1 Gusau, Abubakar Garba Dandare, has been arraigned for diversion of N3.8million belonging to a late businessman, Alhaji Ladan …

Nigerian Senate   The Institute of Chartered Accountants of Nigeria (ICAN) Act Amendment Bill on Wednesday scaled second reading at the Senate. This followed the presentation of the general principles of the bill by the sponsor, Sen. Solomon Adeola (APC-Ogun) at plenary. Presenting the bill, Adeola said it was read …

The dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the naira traded near its low amid high demand for the haven currency in Africa’s largest economy At the NAFEM spectrum, the …

Chairman of Air Peace, Allen Onyema, has lamented that African countries are frustrating his airline with exorbitant airport charges to prevent it operating seamlessly in the region. He laid the accusation at the 48th Annual General Meeting and exhibition of the National Association of Nigeria Travel Agencies (NANTA) in Lagos. …

Workers union protest sack of 391 staff of water corporation Workers under the aegis of the National Association of Nigeria Nurses and Midwives; the Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees; and the Senior Staff Association of Statutory Corporations and Government-Owned Companies on Wednesday protested …

The call followed the adoption of a motion on matters of urgent public importance moved by Reps member, Daniel Amos at the plenary on Tuesday. The House of Representatives has asked the Inspector-General of Police (IGP), Kayode Egbetokun, as well as the Nigerian Army and the Department of State Services …

Suspended CBN governor, Godwin Emefiele with lawyers Olalekan Ojo, Counsel to the embattled ex-governor of the Central Bank of Nigeria, Godwin Emefiele, has accused the Economic and Financial Crimes Commission (EFCC) of ambush by trial. Emefiele and his co-defendant, Henry Omoile, are facing trial on a 26-count charge brought before …

Lagos bridge. Photo Credit: Google This is the interesting story of how 86 tenants paid N250,000 annually for a 10×10 and 12×10 rooms under the Dolphin Estate Bridge, Ikoyi, on Lagos Island. This much was revealed on Wednesday by the Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab. …

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday April 29, 2024 arraigned a former Commissioner for Finance in Kwara State, Ademola Banu before Justice Evelyn Anyadike of the Federal High Court sitting in Ilorin over alleged money laundering and misappropriation of state funds to …