NGX sheds N1.3trn as profit-taking hits cement, banking blue chips
Nigeria’s equity market suffered one of its sharpest single-day setbacks in recent weeks on Monday, with investors wiping N1.32tn ($860m) off the value of listed companies as an aggressive round…
Darius Ishaku trial: Witness says N1.8bn Taraba Christmas grains fund was diverted into his account
An official of the Taraba Bureau for Local Government and Chieftaincy Affairs, Taiwo Johns has narrated how N1.8 billion meant for the purchase of Christmas grains in the state was…
Otedola hints at new book titled ‘Making It Bigger’
Nigerian billionaire businessman Femi Otedola has hinted that he is working on a new book titled Making It Bigger, suggesting a follow-up to his recently published memoir. In a post…
Appeal Court judgement has no effect on our primaries, says ADC
The African Democratic Congress (ADC) has stated that the judgment delivered by the Court of Appeal in Abuja on Monday only related to party congresses for the election of ward,…
I borrowed N100m to secure PFIPC DG appointment — Adeyemi
Adeniyi Adeyemi, director-general (DG) of the “controversial” presidential foreign intervention promotion council (PFIPC), says those who lent him N100 million to secure the appointment have petitioned the Economic and Financial…
Trump to impose 20% ‘safe passage’ levy on ships navigating Strait of Hormuz
Ships passing through the Strait of Hormuz face a 20 per cent “safe passage” fee under a proposal by the United States. The levy, announced by President Donald Trump in…
Atiku-linked US lobbying firm offers to help Adeyemi seek asylum over PFIPC scandal
Von Batten-Montague-York, LC, a US-based lobbying firm, says it is prepared to assist Adeniyi Adeyemi, director-general of the “controversial” presidential foreign intervention promotion council (PFIPC), in seeking asylum and whistleblower…
Police rescue Oyo headteacher hours after abduction
The Oyo State Police Command has rescued an abducted headteacher, Owoade Mathew, following a coordinated operation with other security agencies, less than 24 hours after he was kidnapped along the…
Dangote refinery resumes sale of petrol in dollars
Dangote Petroleum Refinery has switched payment for the sale of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to U.S. dollar. The new policy, which…
Gunmen kidnap 60-year-old Oyo headmaster, demand N30m ransom
Gunmen have allegedly kidnapped the 60-year-old headmaster of Nomadic Basic School, Igbojaye, Budo Aare, in Itesiwaju Local Government Area of Oyo State, Kolawale Mathew Owoade, popularly known as Onaiye,…
