Justice Jude Onwuegbuzie of the Federal High Court, FCT sitting in Apo, Abuja on Thursday, granted the prayers of the Economic and Financial Crimes Commission (EFCC) to amend charges brought against a former Minister of Power, Olu Agunloye, and make…
US President Donald Trump told world business leaders Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the White House this week. Since his inauguration on Monday, Trump…
Justice James Omotosho of the Federal High Court Abuja has proscribed the Lakurawa sect, classifying it as a terrorist organisation. The order followed an ex-parte application filed by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN).…
The Court of Appeal sitting in Akure, Ondo State capital has upheld the death sentence of Ramon Adedoyin, a prominent businessman and hotelier, for his involvement in the murder of one Timothy Adegoke, a former postgraduate student of the Obafemi…
Adidas and Puma, both German sportswear giants, have announced their intentions to reduce costs, which may include job cuts, in order to improve profits. Adidas said it wanted to ensure “long-term success” and had “begun examining how we can adapt…
President Bola Ahmed Tinubu has appointed chairpersons for the boards of 42 federal organizations, along with a secretary for the board of the Civil Defence, Immigration, and Prisons Services. He has also designated a new managing director for the Nigerian…
Nigeria’s energy sector attracted a total investment of $6.7 billion in 2024, according to Olu Verheijen, Special Adviser to the President on Energy. The investments, detailed in a report titled ‘Presidency Energy Sector Wrap-Up 2024’, were unveiled on Wednesday by…
Nigeria’s foreign exchange reserves experienced a sharp decline of $832.62 million within the first two weeks of January, underscoring mounting pressure on the Naira and sparking concerns about the nation’s economic stability. Data released by the Central Bank of Nigeria…
President Bola Ahmed Tinubu has inaugurated a newly constructed military barracks in Asokoro, Abuja, named the Bola Ahmed Tinubu Barracks. The facility, which was officially commissioned on Thursday, is designed to address accommodation challenges faced by the Nigerian Army and…
The Central Results Delivery Coordination Unit (CRDCU) has proposed a review of the draft policy on sanctions for airlines to the Ministry of Aviation and Aerospace Development and the Nigerian Civil Aviation Authority (NCAA). The Special Adviser to the President…
UK public borrowing jumped more than expected in December, official data showed Wednesday, adding pressure to the Labour government and Prime Minister Keir Starmer as they battle economic headwinds. Public-sector borrowing stood at £17.8 billion ($21.9 billion) last month, a…
The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code. The apex bank also announced that the Code would be formally launched next week in Abuja. According to CBN in…
Some members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) have expressed support for the recent court ruling that nullified the party’s congresses in Rivers State. The NWC members made their position known during a visit…
The African Union expressed dismay Wednesday over President Donald Trump’s decision to withdraw the United States from the World Health Organization, urging his administration to reconsider. Just hours after taking office on Monday, Trump signed an executive order directing the…
President Bola Ahmed Tinubu has appointed Kayode Opeifa as the substantive Managing Director of the Nigeria Railway Corporation (NRC). The appointment, confirmed by sources within the presidency and Mahmood Yakub, Deputy Director of Public Relations at the NRC, comes as…