Popular Lagos socialite, Emeka Okonkwo, widely known as E-Money, was reportedly released on Tuesday evening after hours of interrogation by operatives of the Economic and Financial Crimes Commission (EFCC). E-Money had been arrested on Monday night at his residence in the Omole area of Lagos and subsequently taken to the EFCC’s office in Abuja. According…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) alongside the Organized Private Sector of Nigeria (OPSN) has raised alarms about Nigeria’s significant public sector deficit, which poses a serious risk to the Federal Government’s objective of transforming the nation into a $1 trillion economy by the year 2030. In a recent…
New Digital System Aims to Curb Crime and End Harassment of Motorists The Nigeria Police Force has announced a 30-day grace period for motorists to secure digital permits for factory-fitted tinted vehicle windows, with enforcement scheduled to commence on June 1, 2025. This initiative, reintroducing the Tinted Glass Permit (TGP) system, comes in response to…
The Nigerian Exchange Ltd. (NGX) on Tuesday transacted 733.05 million shares worth N35.288 billion in 16,619 transactions. This is in contrast with 500.59 million shares worth N12.110 billion that was traded in 17,637 deals earlier. Meanwhile, transactions in the shares of Fidelity Bank topped the activity chart with 285.15 million shares worth N5.774 billion. MTN…
MTN Nigeria Communications Plc generated N1.0 trillion in service revenue in the first quarter of 2025. This marks a 40.5 per cent increase from the N752.99 billion earned in Q1 2024. The company confirmed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. Profit after tax dropped by 134 per cent, falling…
The Nigerian National Petroleum Company (NNPC) Ltd has appointed Maryam Idrisu as Managing Director of NNPC Trading and Obioma Abangwu as Chief Liaison Officer for Board Matters. This followed the reported sack of over 200 staff, including loyalists of the former Chief Executive Officer (GCEO), Mele Kyari. According to sources, those departing immediately are Bala…
The House of Representatives’ Public Accounts Committee (PAC) has ramped up its recovery efforts, announcing the retrieval of an additional ₦11,488,761,099 from oil and gas companies with outstanding obligations to the Federal Government. This new tranche brings the total recovery secured by the Committee to ₦61.5 billion. The Committee’s efforts are anchored on findings from…
A general court-martial sitting in Enugu State has sentenced Private Adamu Mohammed to death by hanging for the murder of his girlfriend, Hauwa Ali. The ruling was delivered by Brigadier General Sadisu Buhari, president of the 11-member panel of the General Court-Martial (GCM) convened at the Nigerian Army’s 82 Division. The proceedings concluded with a…
Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), says he founded Radio Biafra to “promote truth, peace, and the fight for fundamental human rights”. Kanu made the remarks in a video recording of his interrogation by the Department of State Services (DSS), which was played in open court on Tuesday during his…
The Nigerian Army says it has rescued a senior officer of the National Drug Law Enforcement Agency (NDLEA) and five other victims from suspected kidnappers in Taraba state. The army said it carried out the rescue operation alongside other relevant security agencies. Zagazola Makama, a counter-insurgency publication focused on the Lake Chad region, said the…
