Otedola raises First HoldCo stake to 21.96% with N77.6bn share purchase
The Chairman of First HoldCo Plc, Femi Otedola, has increased his ownership in the financial services group to 21.96 per cent after acquiring an additional 706.13 million shares. A share…
Stock market sheds N800bn as profit-taking ends rally
The recent bullish momentum on the Nigerian Exchange Limited (NGX) came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market…
NAFDAC cracks down on sachet alcohol…raids markets, bars, motor parks
The National Agency for Food and Drug Administration and Control, NAFDAC, yesterday embarked on nationwide enforcement against all alcoholic beverages packaged in sachets and polyethylene terephthalate, PET, bottles below 200…
60-year-old man dies in hotel after checking in with 20-year-old lover
A 60-year-old man (names withheld) has been found dead in a hotel room in Dutse, the capital of Jigawa State. The Jigawa State Police Public Relations Officer, SP Lawan Shiisu,…
APC blasts Atiku over SWV as ‘slush fund’ allegation
The ruling All Progressives Congress (APC) has launched a fiery counter-attack against former Vice President and African Democratic Congress (ADC) presidential candidate Alhaji Atiku Abubakar, dismissing his claims that…
‘Phantom’ council: Attorney General, NSA, IGP to face Reps today
The National Security Adviser (NSA), Attorney-General of the Federation and Minister of Justice, Accountant-General of the Federation, Minister of Foreign Affairs and other top government officials are expected to appear…
Fake agency probe: ICPC team grills Adeyemi in police custody
The investigation into the controversial Presidential Foreign Intervention Promotion Council intensified on Wednesday as the Independent Corrupt Practices and Other Related Offences Commission commenced interrogation of the alleged founder…
Dangote resumes petrol sales in naira, increases price by N140
The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly called petrol, in naira, ending its brief dollar-denominated pricing regime, while increasing its ex-depot price by…
Appeal court affirms final forfeiture of assets linked to retired general
The Court of Appeal in Lagos has affirmed the judgement ordering the final forfeiture of the assets linked to Emmanuel Atewe, a retired major general, to the federal government. The…
Trump praises Tinubu’s anti-terror campaign, vows stronger US security support
United States President Donald Trump has commended President Bola Tinubu for what he described as his "decisive leadership" in confronting terrorism and violent attacks in Nigeria, pledging continued American…
