The Nigerian foreign exchange market came under intense pressure on Monday, with the naira weakening to a new low of N1,629 per dollar at the official market. This decline marks a N29 depreciation from the N1,600/$1 rate reported at the close of trading on Friday. Despite aggressive interventions by the Central Bank of Nigeria (CBN), […]
The Economic and Financial Crimes Commission (EFCC) has arraigned the Accountant General of Bauchi State, Sirajo Jaja, before a Federal High Court in Abuja for an alleged fraud involving N8.3 billion. Jaja was arraigned alongside a bureau de change operator, Aliyu Abubakar, and his company, Jasfad Resources Enterprise, on a nine-count charge bordering on money […]
Binance Holdings Limited, a leading cryptocurrency exchange platform, has asked the Federal High Court in Abuja to set aside the alleged “purported substituted service” of the Nigerian government’s $81 billion economic loss fine and unpaid income tax suit against it. According to reports, Chukwuka Ikwuazom SAN, counsel for Binance, made the request on Monday, in […]
A Federal High Court Abuja set a date to hear the Economic and Financial Crimes Commission (EFCC) motion for final forfeiture of N228.4 million linked to ex-Abia Governor, Senator Theodore Orji. The hearing will be for consideration of the motion for perpetual confiscation of the money, which has been disputed. In January 2025, the […]
In a bitter trade war escalation, US President Donald Trump has threatened to put a steep 50% tariff on Chinese imports if Beijing does not roll back its retaliatory tariffs by April 8, 2025. The move, which lifts total tariffs on Chinese imports to 104%, is a part of a bitter US-China trade […]
Natasha Irobosa Osawaru, the Egor Constituency legislator in the Edo State House of Assembly, has been removed from the position of Minority Leader. This was due to both her increasing political profile and the personal controversies surrounding her. Osawaru of the People’s Democratic Party (PDP) is a key figure in the politics of […]
The Nigerian government has expressed confidence that the country’s economy will not be severely impacted by the recent 14% tariff imposed by the United States on Nigerian exports. According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the effect of the tariff will be negligible due to the exclusion of […]
The Nigerian Meteorological Agency (NiMet) has released a weather outlook for the country, predicting sunshine and thunderstorms from Tuesday to Thursday. According to the forecast, the northern region is expected to experience sunny skies throughout the period, while the southern region will experience a mix of sunshine and thunderstorms. The weather outlook, released on Monday, […]
A Federal High Court in Lagos has dismissed the no-case submission filed by Lagos-based socialite, Mrs. Funmilola Arike Ogbuaya, popularly known as Ariket, in her ongoing trial over alleged drug trafficking offenses. The National Drug Law Enforcement Agency (NDLEA) had re-arraigned Mrs. Ogbuaya in 2024 on multiple charges including conspiracy, unlawful possession of […]
Nigeria’s First Lady, Senator Oluremi Tinubu Donates One Billion Naira to National Cancer Fund in the Fight against Cervical Cancer The action is aimed at strengthening the nation’s ongoing fight against cervical cancer, which is quickly becoming an emerging health concern in the country. The donation was announced at a special event, during […]
