News

LPDC Slams Gadzama With 3-Year Suspension, SAN Fires Back With Supreme Court Appeal

Legal Practitioners Disciplinary Committee suspends Senior Advocate of Nigeria Joe-Kyari Gadzama for three years over professional misconduct linked to the controversial Zaki Biam compensation case. Gadzama rejects the verdict, announces immediate appeal to the Supreme Court and insists...

Otedola Spends Another ₦222.2bn On First HoldCo, Raises Stake To 25.87 Percent

Femi Otedola has invested another ₦222.2 billion in First HoldCo, increasing his ownership to 25.87 percent and strengthening his position as the company's largest shareholder. The latest purchase comes barely one week after a related entity acquired ₦77.6...

Controversy Trails Arrest Of Osun SSG

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 Osun Assembly Speaker Adewale Egbedun alleges Commissioner of Police Ibrahim Gotan ordered the arrest of SSG Teslim Igbalaye after being booed at an INEC stakeholders' meeting.  Police insist the arrest followed an intelligence-led raid that uncovered ₦4.81 million,...

July 31 Deadline: Defaulting Taxpayers Face ₦200,000 Fine Per Invoice

Large taxpayers with annual turnover above ₦5bn have until July 31 to comply with the Nigerian Revenue Service's e-invoicing requirement or face statutory penalties. The NRS says businesses that fail to transmit invoices electronically risk a ₦200,000 fine...

CBN Cuts One-Year T-bill Yield As ₦3.38trn Bids Swamp ₦500bn Offer

 Investors submitted ₦3.38 trillion in bids for the one-year Treasury Bill against a ₦500 billion offer, highlighting sustained appetite for long-term government securities despite declining yields.  The CBN lowered the stop rate on the 364-day bill to 17.35...

We Failed — Head Of Service Admits Due Diligence Lapse In Fake Presidential Council Scandal

OHCSF Admits Failure: Esther Didi Walson-Jack concedes her office failed to conduct adequate due diligence before approving recruitment processes for the purported PEAC/PFIPC. Forged Documents Fooled Government: Head of Service says officials relied on fake establishment documents and...

Police Neutrality Row Deepens As City Boy Movement Counters Opposition, Defends Lagos CP’s Presence At Tinubu Event

City Boy Movement rejects NDC's demand for the suspension of Lagos CP Tijani Fatai, insisting his attendance at its Lagos inauguration did not amount to political endorsement. Group says the police commissioner was carrying out legitimate security responsibilities,...

China Must Consume More, US Must Save More – Okonjo-Iweala Says, Defends WTO As Backbone Of Global Trade

Okonjo-Iweala urges China to boost domestic consumption and the United States to restore fiscal discipline, warning that deepening global economic imbalances are fuelling geopolitical tensions. WTO chief says the multilateral trading system remains resilient, with 72% of global...

Trump Hits Back Hard As US Unleashes Crushing Airstrikes On Iran

US launches massive retaliatory strikes: American forces hit multiple Iranian military targets after Tehran fired missiles at US bases in Jordan, with Washington describing the operation as a "powerful response" aimed at degrading Iran's military capabilities. Conflict spreads...

Cardoso says Nigeria’s Reforms are Restoring Investor Confidence as AI Reshapes Africa’s Economic Future

Central Bank of Nigeria Governor Yemi Cardoso says recent economic reforms are rebuilding investor confidence and strengthening Nigeria's resilience. He argues that artificial intelligence, stronger institutions and macroeconomic stability will determine Africa's competitiveness in the evolving global economy. ...