archive2023

The Court of Appeal in  Abuja, on Friday awarded N50 million in damages against Gov..Seyi Makinde of Oyo State, and six others for failure to pay the outstanding balance of N3,374,889,425.60 (N3.4 billion) from the N4,874,889,425.60 (N4.9 billion) debt, arising from a May 7, 2021 judgment of the Supreme Court....

Sultan of Sokoto Dr. Muhammad Sa’ad Abubakar on Friday called for justice for the victims of military airstrikes that claimed over 100 lives in Tudun Biri village in Igabi Local Government Area of Kaduna State. He emphasized the need for a thorough investigation into the incident and punishment for those...

Dangote Refinery says it has received its first one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO) in a major step towards increasing Nigeria’s local refining capacity. In a Friday statement, the Dangote Refinery explained that the cargo sailed to the facility’s Single-Point...

President Bola Tinubu says Nigeria has the requisite and sufficient manpower to spur development across all sectors of the economy. According to a statement by his spokesperson, Ajuri Ngelale, Tinubu said this while receiving a report titled, ‘Industrialisation, Energy Security, and Climate Change: Issues, Challenges and Prospects,’ submitted by the...

The presidential flagbearer of the Labour Party in the 2023 presidential elections in Nigeria, Mr. Peter Obi has lamented the exits of companies like P&G, GSK and others from the Nigerian market. The politician who took to his verified account on X to lay his complaints stated that the business...

Founder of Stanbic IBTC Bank, Atedo Peterside, has revealed cogent reasons investors are running away from Nigeria despite commitment by the President Bola Tinubu-led administration to woo them to partner with the country. This comes shortly after Procter &Gamble (P&G) announced its exit from Nigeria. P&G is the latest of...

The National Judicial Council (NJC) has rejected Osun State Governor Ademola Adeleke’s nominee for replacement of the state’s Chief Judge. The NJC insisted that Mrs Adepele Ojo, who was purportedly suspended from office by the governor, remained the Chief Judge of the state, a decision the council took as part...

Polaris Bank, Nigeria’s leading digital retail Bank has pledged to support the development of high-impact sectors including road infrastructure, housing, education, healthcare and agro processing in Ogun State. The Managing Director/CEO of Polaris Bank, Mr. Adekunle Sonola, stated this while speaking with journalists after he led the Bank's management team...

The Economic and Financial Crimes Commission (EFCC) on Thursday, December 7, 2023 has secured the conviction and sentencing of Eze Harrisson Arinze before Justice J.K Omotosho of the Federal High Court sitting in Abuja for defrauding 34 victims in 13 countries of $592,000(Five Hundred and Ninety Two Thousand United States...

The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has approved the reviewed “Service Charter’’ of the apex bank. The service charter is a requirement of the Business Facilitation Act 2022 for driving the ease of doing business in Nigeria. It compels the CBN to fully comply with the directives...