Femi Otedola acquires N30bn in First HoldCo, raises stake to 20%
Billionaire businessman, Femi Otedola, the chairman of First HoldCo, has acquired 680 million shares in the financial institution, raising his controlling stake in the firm to 20.42 per cent worth…
EFCC probes ‘prophet’ over alleged N70.39m fraud
The Economic and Financial Crimes Commission has commenced an investigation into a self-acclaimed prophet, Godwin Sunday Ajuluchukwucheya, popularly known as Prophet Sunday Koboko, over allegations that he defrauded members…
Fraudsters steal N134bn from banks, customers – CBN
Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according…
JUST IN: Diezani Alison-Madueke cleared of all charges in UK corruption trial
Former Nigerian Oil Minister Diezani Alison-Madueke was on Wednesday found not guilty in a rare corruption trial of a high-profile former energy official. A London jury at Southwark Crown Court…
Why I married myself at 45 – Denrele Edun
Media personality and actor Denrele Edun has explained the reason for his symbolic self-marriage to mark his 45th birthday. The entertainer, born Adenrele Oluwafemi Edun, announced the unconventional union…
How the US smuggles oil out of Gulf region – Report
The United States military has overseen scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing, using aerial and water drones as well as helicopters in an operation…
Call, SMS tariffs may rise as NCC reviews interconnection rates
The Nigerian Communications Commission (NCC) has begun the review of interconnection rates for telecom operators’ call and SMS services in the country, eight years after it was last reviewed. The…
FG moves to end open grazing, identifies 470 gazetted reserves
The Federal Government has identified 470 gazetted and legally protected grazing reserves for the rehabilitation and resettlement of pastoralists, as part of efforts to end the era of cattle…
States kick as Senate moves to amend Electricity Act
A fresh battle over the control of Nigeria’s electricity sector is brewing, as state electricity regulators have accused the National Assembly of attempting to claw back powers already devolved…
Appeal court suspends judgment ordering ADC, Accord deregistration
The Court of Appeal in Abuja has stayed the execution of a federal high court judgement directing the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC)…
