Court strikes out application by DSS to detain Emefiele for 14 days
A federal capital territory (FCT) high court in Abuja has dismissed an application by the Department of State Services (DSS) seeking to further detain Godwin Emefiele, suspended Central Bank of Nigeria (CBN) governor, for 14 days. In the application filed discreetly on Wednesday, the DSS alleged that it has discovered new evidence against […]
Super Falcons top World Cup group after beating Australia
The Super Falcons have defeated the Matildas of Australia 3-2 in their second game of the 2023 Women’s World Cup (WWC). The Nigerian team stunned the co-host at the Suncorp Stadium, Milton, Australia, on Thursday. Goals from Uchenna Kanu, Osinachi Ohale and Asisat Oshoala cancelled out Emily van Egmond’s opener and Alanna Kennedy’s late […]
Fears of tighter global supply push oil price to $83 a barrel
Oil price, on Thursday, rose to $83 a barrel. Brent crude, the global oil benchmark, rose 0.75 percent to trade at $83 a barrel, while the US West Texas Intermediate jumped 0.86 percent to $79. The development came on the back of expected tightening of supply due to production cuts by the […]
Niger soldiers announce coup, close borders
Niger soldiers have announced the removal of President Mohamed Bazoum from office. Amadou Abdramane, a colonel-major, made the announcement in a televised address late Wednesday evening. “We, the defence and security forces… have decided to put an end to the regime of President Bazoum,” Abdramane said while being flanked by fellow soldiers. […]
Report: Tinubu nominates Wike, el-Rufai, Oyetola as ministers
Nyesom Wike, former governor of Rivers, Gboyega Oyetola, immediate past governor of Osun, and Nasir el-Rufai, immediate past governor of Kaduna have been reportedly included in the ministerial list of President Bola Tinubu. The Nation reports that the list was sent to Godswill Akpabio, the senate president, this morning. Meanwhile, TheCable also […]
FACT CHECK: Does Otudeko owe Ecobank N13.5bn as claimed?
Recently, Babrican Capital Limited, an affiliate of Honeywell Group Limited (HGL), acquired 4.7 billion shares of FBN Holdings Plc (FBNH), the parent company of First Bank of Nigeria. Oba Otudeko is the chairman of Honeywell Group and former chairman of FBN Holdings. According to a notice filed on the Nigerian Exchange Limited, […]
FG to NLC: You’re barred by court from going on strike — explore negotiations
The federal government has reacted to the seven-day ultimatum issued by the Nigeria Labour Congress (NLC) to embark on a nationwide strike over the hike in the price of petrol and the high cost of living in the country. On Wednesday, NLC issued a seven-day ultimatum to the federal government to reverse all […]
FCC commissioners accuse chairman of ‘job racketeering, highhandedness’
Some commissioners of the Federal Character Commission (FCC) have accused Muheeba Dankaka, the executive chairperson, of highhandedness and job racketeering. The commissioners made the allegations on Wednesday when they appeared before the house of representatives ad hoc committee investigating ministries, departments, agencies (MDAs), parastatals, and tertiary institutions on personal recruitment, employment racketeering, and […]
Senate rejects motion seeking release of Nnamdi Kanu, says matter still in court
The senate on Wednesday rejected a request for the release of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB). The senate resolution followed the consideration and adoption of a motion sponsored by Osita Izunaso, All Progressives Congress (APC) senator representing Imo. The motion was titled “Condemning the disruptive nature […]
Naira strengthens against dollar, closes at N740/$ at I&E window
The naira, Nigeria’s legal tender, closed at N740.08 per dollar at the investors and exporters (I&E) window on Wednesday. The I&E foreign exchange (FX) window is the market trading segment for investors, exporters and end-users that allows for FX trades to be made at exchange rates determined based on prevailing market circumstances. It […]