The Federal High Court in Abuja has fixed November 12 for ruling on a motion filed by Binance Holdings Limited seeking to nullify the substituted service of court documents served on it by the Federal Inland Revenue Service (FIRS). Justice Mohammed Umar fixed the date after lawyers representing both parties adopted their processes and argued…
Sheikh Abdulrahman Al-Thani, Chairman of the Future Union Group and member of Qatar’s ruling family, has announced plans to invest substantially across several sectors of Nigeria’s economy in support of the country’s development agenda. Speaking at a press briefing in Abuja on Wednesday, Al-Thani described Nigeria as Africa’s “future investment destination”, expressing optimism about the…
The Benue State Council of the Nigeria Union of Journalists (NUJ) has thrown its weight behind the state government’s N100 billion infrastructure development loan, describing it as a transformative initiative with the potential to boost key sectors of the state’s economy. In a communiqué issued at the end of its congress in Makurdi, signed by…
Nigeria’s trade surplus has risen to six per cent of Gross Domestic Product (GDP), according to the Central Bank Governor, Mr Olayemi Cardoso, signalling improved trade performance amid ongoing economic reforms. Cardoso made the announcement in Washington on Wednesday in a statement released by Mr Mohammed Manga, Director of Information and Public Relations at the…
Katsina State Governor Dikko Radda has reiterated that his administration will not negotiate with armed bandits but will continue to pursue peace through locally led initiatives aimed at restoring stability to affected communities. Speaking at the inauguration of 100 newly trained Community Watch Corps (C-Watch) personnel in Katsina on Wednesday, Radda said his government remains…
Nigeria’s lower legislative chamber has urged oil and gas companies operating in Imo State to comply with key provisions of the Petroleum Industry Act (PIA) 2021, citing widespread breaches of local content and host community development obligations. The call came after a motion of urgent national importance was raised by Rep. Chike Okafor, representing Ehime…
A Nigerian court has postponed the trial of hip-hop artist Tochukwu Ojogwu, widely known as Odumodublvck, who is facing a civil lawsuit over allegations of assaulting fellow musician Levi Ogbogiri, also known as Kraziecent. The case, before Justice J.O.E. Adeyemi-Ajayi at the FCT High Court in Life Camp, Abuja, was adjourned until 26 November after…
Nigeria’s political landscape was jolted on Wednesday after Bayelsa State Governor Douye Diri announced his resignation from the opposition People’s Democratic Party (PDP), triggering a wave of defections among state officials. The News Agency of Nigeria (NAN) reports that Diri made the announcement during a State Executive Council meeting at the Government House in Yenagoa….
The International Monetary Fund (IMF) has warned that global public debt is on course to exceed 100 per cent of world GDP by 2029 — a level not seen since the aftermath of the Second World War. Presenting the latest Fiscal Monitor in Washington on Wednesday, IMF Fiscal Affairs Director Vitor Gaspar cautioned that debt…
The Asian Development Bank (ADB) has sanctioned a 500 million US dollar policy-based loan to advance Indonesia’s green growth agenda and reinforce its global competitiveness. The funding is part of the third phase of the Competitiveness, Industrial Modernisation, and Trade Acceleration (CITA) programme — a wide-ranging initiative aimed at boosting trade efficiency, encouraging sustainable investment,…
