Former Minister of Petroleum Diezani Alison-Madueke has asked the Federal High Court in Abuja to order the EFCC to retrieve her seized assets or property, either natural or corporate. She claims the EFCC sold her property without following due process, violating her right to fair hearing. Diezani, in[Read More…]
The House of Representatives on Thursday in Abuja considered and adopted its Finance Committee report on the four tax reform bills. The bills initiated by the Tinubu administration include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service[Read More…]
The Senate has passed a vote of confidence in the leadership of its President, Senator Godswill Akpabio. This followed the adoption of a motion sponsored by the Senate Leader, Opeyemi Bamidele (APC-Ekiti), at plenary on Thursday. The motion was seconded by Deputy Minority Leader, Olalere Oyewumi (PDP-Osun). In his[Read More…]
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of[Read More…]
The story of women’s contribution to Nigeria’s economy is as old as the nation itself. It is no secret that women are the largest untapped source of national wealth worldwide. All over the world, women hold their place of pride in commercial enterprise. The Nigerian businesswoman have for[Read More…]
The Court of Appeal sitting in Akure, the Ondo State capital, has ratified the death sentence on Dr Ramon Adedoyin for the murder of Timothy Adegoke, an ex-Master’s student of the Obafemi Awolowo University, Ile-Ife. The late Adegoke had lodged at Adedoyin’s Hilton Honours Hotel, Ile-Ife,[Read More…]
Beatrice Ekweremadu has been released from prison in the United Kingdom and is now back in Nigeria. She and her husband, former Deputy Senate President Ike Ekweremadu, were jailed last year over an attempt to harvest the organ of a young Nigerian boy to fix[Read More…]
The National Pension Commission (PenCom) has announced the release of an additional N22 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation for the period July to September. These funds, according a statement by the Commission, have been[Read More…]
The Nigerian Communications Commission (NCC) on Monday approved tariff adjustment, setting a 50% ceiling on tariff increases for telecom operators. Mr Reuben Muoka, Director of Public Affairs, NCC, announced the tariff increase approval to newsmen, as requested by the telecom operators. Muoka said: “Pursuant to its power under Section[Read More…]
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53[Read More…]
