archiveJune 15, 2023

The Nigerian inflation rate rose by 0.19 per cent to 22.14 per cent for the month of May 2023 compared to April 2023 headline inflation rate. Amid the removal of subsidy on petrol, Nigeria’s inflation rate rose to 22.41 percent in May 2023, up from 22.22 percent in April 2023....

  Labour Party (LP) on Thursday presented over 18,000 polling unit results which it claimed ere downloaded from the INEC Result Viewing portal. However, the result sheets which are to serve as evidence in its petition challenging the February 25, 2023 presidential election were all blurry. Onyeachi Ikpeazu, Counsel for...

The Nigerian Bar Association (NBA), on Wednesday, asked the Inspector General of Police (IGP), Usman Baba, and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to immediately invite and prosecute Senator Adamu Bulkachuwa over the latter’s “admissions” on the floor of the Senate on June 12, 2023. Bulkachuwa,...

this will boost increased participation in investments – SEC, NGX local currency payment to reduce pressure on country’s reserves – PAPSS The African Stock Exchange Association (ASEA) has revealed that having successfully launched phase one of the African Exchanges Linkage Project (AELP), it is looking at rolling at the second...

  Justice Okon Abang of the Federal High Court sitting in Warri, Delta State on Tuesday, June 13, 2023 convicted and sentenced one Otede Pio Meyeoghene to 10 years imprisonment without an option of fine. Meyeoghene was first arraigned in 2018 by the Benin Zonal Command of the EFCC and...

In preparation for the standard effectiveness of the International Sustainability Standards Board (ISSB), the ISSB, Financial Reporting Council of Nigeria (FRCN), and NGX Regulation Limited (NGX RegCo), recently organized five webinars to prepare companies for the imminent release of the ISSB’s first two IFRS Sustainability Disclosure Standards, better known as...

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks emplaced by the Commission towards ensuring security and safety of their networks for telecom consumers. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the...

The new appointees include Mr. Nuhu Ribadu, Special Adviser, Security; Mr. Dele Alake, Special Adviser on Special Duties, Communications and Strategy; Mr. Yau Darazo, Special Adviser on Political and Intergovernmental Affairs; Mr. Wale Edun, Special Adviser on Monetary Policies. Others include Mr. Zachaeus Adedeji, Special Adviser, Revenue; Mr. John Ugochukwu...

Following Tuesday, June 14, 2023, suspension of Mr. Abdulrasheed Bawa, as Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by the Federal Government, Mr. Abdulkarim Chukkol has stepped in as Acting Chairman of the Commission. According to a press statement signed on Thursday by the Head, Media &...

A Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged President Bola Ahmed Tinubu to sack the chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu. The former NBA chief said Yakubu has to leave his role as the INEC...