Court gives GTB nod to seize Afex over N17.8bn Anchor Borrowers’ Loan
The Federal High Court sitting in Lagos, yesterday, authorised Guaranty Trust Bank to temporarily take over the funds and assets of Afex Commodities Exchange following its N17.808billion indebtedness to…
Ado-Odo-Abeokuta road reconstruction to begin soon – Abiodun
...commissions 27km Ilaro-Iwoye-Owode Road Relief would soon come the way of motorists and commuters plying Ado-Odo/Abeokuta expressway as Ogun State Governor, Prince Dapo Abiodun said his administration has awarded…
Passenger sue airline after being deplaned over body odour complaints
Three black men have filed a racial discrimination lawsuit against American Airlines, with claims that they were removed from a flight after a complaint from an unidentified passenger about…
Olukoyede: EFCC recovered N156bn fraud proceeds, secured 3,175 convictions in one year
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says the anti-graft agency has recovered N156,276,691,242.30 in the last one year. Dele Oyewale, spokesperson of the EFCC,…
Nine victims rescued as four-storey building collapses in Lagos
Nine residents have been rescued from the rubble of a collapsed four-storey building in Lagos. The building, located at Iga Idungaran, near Oba of Lagos’ palace on Lagos Island,…
Streets, markets empty as residents comply with IPOB’s sit-at-home order in south-east
Streets and major roads in most parts of the south-east have been deserted. There is no vehicular movement in vast swathes of the geopolitical region as residents comply with…
Student loan application to open for state-owned institutions in three weeks
The Nigerian Education Loan Fund (NELFUND) says the student loan scheme will be open to state-owned tertiary institutions in three weeks. On May 24, the NELFUND portal went live.…
Ghana is now richer than Nigeria – Bismark Rewane
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has disclosed that Nigeria has fallen from the 32nd largest economy in the world to 42nd. He…
Supreme Court gives governors 7 days to file defence in LG autonomy suit
The Supreme Court has ordered governors of the 36 states of the federation to file their respective defences to a suit instituted against them by the federal government. In…
Tax reform committee proposes N800/$ as customs import duty rate
The presidential committee on fiscal policy and tax reforms says it has asked the federal government to adopt an exchange rate of N800 per dollar for customs import duty.…
