archiveJanuary 27, 2025

Legal icon and elder statesman, Afe Babalola (SAN), says he is ready to withdraw his criminal defamation suit against rights activist and lawyer, Dele Farotimi. Babalola had sued Farotimi in an Ado Ekiti Magistrates’ Court following his publication of a book, which he said allegedly defamed him. The News Agency...

Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe has highlighted the growing presence of mid-level investors in the Nigerian capital market, emphasizing their critical role in boosting market liquidity. Speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 Market Review and 2025...

The Defence Headquarters says troops of Operation Hadin Kai have eliminated 70 terrorists and their commanders in a clearance operation at a terrorist enclave known as Timbuktu Triangle in Borno. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, said in a statement on Sunday that the troops had launched...

Former President Muhammadu Buhari says he lives on money earned from renting out one of his two houses in Kaduna State, tasking leaders on transparency and accountability as guiding principles while in office. Buhari said he did not corruptly enrich himself as president, insisting that Nigeria was a difficult country...

Human rights activist and politician, Omoyele Sowore has been detained indefinitely by the Nigeria Police Force following his outright rejection of bail conditions, which he described as “illegal.” Sowore, who was invited for questioning over his exposé on alleged police extortion in Lagos, refused the bail terms requiring him to...

The Central Bank of Nigeria (CBN) says it will tomorrow, the 28th day of January, 2025, launch the Nigerian foreign exchange (FX) code as a guideline to promote the conduct of authorised dealers in the forex market. CBN In a statement announced that it approved the release of the code,...

• secures regulatory approval for new capital Zenith Bank Plc has raised N350.4 billion through its recently concluded hybrid Rights Issue and Public Offering. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, the bank announced that it has secured the full regulatory approval of the Central...

The trial of former Minister of Aviation, Hadi Sirika, continued on Monday, 27 January 2025, with the Fifth Prosecution Witness (PW5) Musa Odiniyan informing Justice S. C. Oriji of the Federal Capital Territory (FCT) High Court that the company, Al Buraq Global Investment was not qualified for the contract awarded...

During the Mission 300 Africa Energy Summit, the Global Energy Alliance for People and Planet (GEAPP) and The Rockefeller Foundation introduced nearly two dozen new energy access projects in 11 African countries and across the Common Market for Eastern and Southern Africa (COMESA), the largest regional economic organization in Africa....

In a startling development, Anambra state operatives of Agunaechemba launched a surprise operation, resulting in the demolition of what has been described as a kidnapper's den masquerading as the Udoka Golden Point Hotel and Suites, also known as “La Cruise Hotel.” Located along the bustling Onitsha-Owerri road, the hotel harbored...