An Ikeja Special Offences Court on Wednesday issued a bench warrant for the arrest of a defendant, Toyosi Ayodele, over alleged N600 million and $50,000 agribusiness investment fraud. Ayodele, alongside his companies Reaprite Global Ltd and Agrorite Ltd, are facing an 11-count charge of obtaining money under false pretences and stealing, brought by the Economic…
The Federal High Court in Abuja on Wednesday, fixed June 25 for the hearing of a suit filed by the Department of State Services (DSS) against Prof. Pat Utomi over his alleged plan to establish what he called, “a shadow government” in the country. Justice James Omotosho fixed the date after DSS’ counsel, Akinlolu Kehinde,…
Speaker of the House of Representatives, Mr Abbas Tajudeen, has described Nigeria as one of the most attractive and lucrative investment frontiers in Africa. Abbas made this known on Wednesday in Abuja at the maiden edition of the Nigeria-Italy Investment Summit 2025 (NIIS 2025), themed “Building Bridges: Unlocking Opportunities.” The summit, organised by Giant Gee…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a campaign to reduce petroleum tanker accidents on highways across the country. The Southwest campaign was flagged off on Wednesday at the Dangote Refinery Depot, Lagos, by NMDPRA Chief Executive, Mr Ahmed Farouk, represented by Dr Mustapha Lamorde. Farouk stressed the importance of educating…
U.S. trade with Africa ‘will be much more focused around a reciprocal relationship, one that addresses the needs on both sides,’ says ambassador Troy Fitrell. Ambassador Troy Fitrell, senior official at the U.S. State Department’s Bureau of African Affairs, said that Washington is “very directly, very intentionally” shifting toward an “investment-led” strategy in Africa. “The…
The naira experienced a rise yesterday, climbing to N1,620 per dollar in the parallel market, up from N1,625 per dollar on Monday. However, it faced a decline in the Nigerian Foreign Exchange Market (NFEM), where it fell to N1,598.69 per dollar, compared to N1,597 per dollar the previous day, reflecting a depreciation of N1.69. As…
Nigeria’s Minister of State for Defence, Dr Bello Muhammad Matawalle, has reaffirmed the government’s commitment to fostering a robust domestic defence industry to meet the country’s security needs, as part of efforts to achieve self-reliance in military procurement. Speaking during a meeting with a delegation from D7G Limited, a defence technology firm, at the Ministry…
Pep Guardiola has issued a clear warning to Manchester City, indicating that he may consider resigning as manager if he is given an overly large squad next season. After City’s 3-1 win against Bournemouth on Tuesday, the Spaniard spoke about the emotional strain of leaving too many fit players out of the matchday squad. A…
The Nigerian Correctional Service (NCoS) has launched a manhunt for seven inmates who fled from the Medium Security Custodial Centre in Ilesa, Osun, following the collapse of the facility’s perimeter wall due to heavy rainfall. In a statement released on Tuesday in Abuja, NCoS spokesman Abubakar Umar confirmed the incident. He stated that the Controller…
Nestled above the misty forests of South Dakota, scientists are in pursuit of one of the most profound questions in science: why does our Universe exist? They are competing with a separate team of Japanese scientists, who are several years ahead in this quest. The current theory explaining the formation of the Universe fails to…
