archiveJuly 2, 2020

The Economic and Financial Crimes Commission (EFCC) Lagos Zonal office, on Thursday arraigned Stephen Oshinowo, a former Executive Secretary, Lagos State Scholarship Board, for alleged N127 million fraud before Justice O.A. Taiwo of the Special Offences Court sitting in Ikeja, Lagos State. He was arraigned on amended eight-count charges bordering...

The Uyo Zonal Office of the Economic and Financial Crimes Commission (EFCC) has commenced investigation of five suspected illegal petroleum dealers, alongside MT PREYOR 1, a 1,000 metric tonne capacity vessel used in bunkering illegal products, suspected to be Automotive Gas Oil (AGO) They were arrested and handed over to...

The Ondo State government has described its late Commissioner for Health, Dr. Wahab Adegberohim as a General who died in the battlefront even as it has declared Friday a work-free day in the state as well as seven days mourning where flags will be flown at half-mast in his honour...

The Capital Market Support Committee on COVID-19 (CMSCC), has donated an ambulance to the Federal Capital Territory Administration, to assist in the fight against the disease in the territory. Ms Mary Uduk, the Acting Director-General of the Securities and Exchange Commission (SEC), who led the committee in Abuja on Thursday,...

The market capitalisation of The Nigerian Stock Exchange (NSE) on Thursday dipped by N115 billion to close at N12.715 trillion, representing 0.90 per cent drop from N12.830 trillion with which it closed on Wednesday. . The loss position is attributed to profit taking and portfolio repositioning ahead of second quarter...

Gov. Abdullahi Ganduje of Kano State has announced a total easing of the lockdown imposed on the state to check spread of the novel coronavirus. Ganduje made the announcement on Thursday in Kano while briefing newsmen on the COVID-19 pandemic at Government House, Kano. He said, however, that restriction of...

Uche Uwaleke, Professor of Finance and Capital Market, says the Nigerian Stock Exchange (NSE) will likely close 2020 in red, based on negative real GDP growth rate projections. Uwaleke, of the Nasarawa State University, expressed the view in an interview with the News Agency of Nigeria (NAN) on Thursday. He...

OPay Nigeria on Thursday said it was putting on hold three of its operations units – ride-hailing services, ORide and OCar, and logistics service OExpress. The payment company said harsh business conditions in the country, the ban on the operations of the commercial motorcycles, and the lockdown induced by COVID-19...

The House of Representatives on Thursday resolved to investigate the alleged secret account being kept by the Nigerian Ports Authority (NPA) with a balance said to be over $1 billion. The move followed the unanimous adoption of a motion of urgent public importance moved by Mr Kolawole Lawal at the...

The legal icon, Dr. Olisa Agbakoba has denied the report that he is one of the parties the newly formed political group "New Pan Nigerian Consultative Political Front" The denial was contained in a press statement on Thursday by Mr. Niyi Odunmorayo, the Media Assistant to Dr. Olisa Agbakoba (SAN)....