archiveJune 2023

Senator Binos Dauda Yaroe , PDP, representing Adamawa South Senatorial district has admitted claim that the 9th National Assembly is a “rubber stamp”. He made the open admittance in his remarks at the valedictory session held on Saturday at the National Assembly for the 9th Senate. Senator Yaroe who openly...

A few months ago, the State Security Service (SSS) levelled grave allegations of terrorism financing, money laundering, and other economic crimes against Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN). At the material time, the attempt by the SSS to arrest, investigate, and prosecute Mr. Emefiele...

Former Minister of Aviation, Hadi Sirika, has spoken to clear some issues concerning the alleged launching of the airline. He said that only N3 billion was released for the Nigeria Air project, and the funds were spent on consultative services and office maintenance. He stated that the government did not...

Laolu Akande, the erstwhile Senior Special Assistant to former Vice President Yemi Osinbajo, has called for a thorough probe of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Akande said this in a tweet posted on Saturday night, June 10. Akande said that the embattled CBN...

The Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu, over “the failure to probe the allegations that USD$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019.” SERAP filed a lawsuit against...

Valedictory Speech by Sen. Ahmad Ibrahim Lawan, PhD, GCON, President of the Senate, at the Valedictory Session of the 9th Senate, Saturday, 10th June, 2023, National Assembly, Nigeria     Esteemed colleagues and distinguished guests, Today, I address you with mixed emotions. On the one hand, there is a sense...

A total turnover of 2.196 billion shares worth N45.971 billion in 31,655 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.586 billion shares valued at N46.643 billion that exchanged hands last week in 35,122 deals. The Financial Services Industry...

Dr Olisa Agbakoba (SAN) has said that the suspension of the Governor of the Central Bank of Nigeria (CBN) from office is not a surprise as his tenure was way beyond monetary policy. But the legal icon said that the confirmation by the Department of State Security (DSS) that Emefiele...

  Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Friday, June 9, 2023, convicted and sentenced one Kayode Adegbaju, an engineer, to 11 years imprisonment for N61.1m fraud. Adegbaju, alongside his company, Warewater Limited, was arraigned by the Lagos Zonal  Command of the Economic and...

  igerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to provide market operators, investors and other stakeholders with an...