The Federal Capital Territory (FCT) High Court in Abuja has nullified the arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against indigenous energy giant, Aiteo Eastern E&P Company Limited, by a group of lenders that partly financed its acquisition of OML 29, declaring its conduct a violation of the injunctive orders of…
The Minister of Information and National Orientation, Mohammed Idris, has said the Nigerian economy is steadily improving meaning that the economic reforms of President Bola Tinubu are working. Idris spoke in Abuja while receiving members and newly elected executives of the Nigerian Guild of Editors during a courtesy visit to his office. He said the…
The Economic and Financial Crimes Commission (EFCC), Nigeria’s economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency’s inception more than two decades ago. Africa’s biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many…
The Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Group Tony Elumelu, has emphasised the need for a strategic and collaborative approach to drive sustainable economic growth across the African continent. According to him, to see the kind of growth needed in Cameroon specifically and in Africa generally, governments, private sector leaders, and…
The Lagos State Government (LASG) has promised to train over 10,000 maritime truck drivers and motor boys as part of efforts to reduce accidents on highways. Special Adviser to the Lagos State Governor on Transportation, Sola Giwa, disclosed this yesterday during a sensitisation programme organised by the Lagos State Ministry of Transportation and the Lagos…
Country Director for Nigeria at the World Bank, Dr. Ndiame Diop, has said Nigeria still remained the largest economy in Africa by Gross Domestic Product (GDP) despite the challenges faced by its private sector. Speaking at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja on Thursday, Dr. Diop said while Nigeria receives…
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has submitted a formal plea to Ekiti State Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, seeking the grant of clemency for Olayinka Afolalu, who has been in prison custody for 23 years. Afolalu was arrested on April 27, 2002, in Ilawe Ekiti…
A Lagos State High Court presided over by Honourable Justice Yetunde A. Adesanya sitting at Tafawa Balewa Square, Lagos has ruled in favour of the Agunmo community in Badagry Local Government Area of the state. The ruling delivered on January 23, 2025 set aside the wrongful execution illegally carried out on an area measuring 46.43…
A former National Assembly member, Bamidele Faparusi, has described those opposing the Tax Reform Bills currently before the parliament as “enemies” of the nation. Faparusi said the opposition to the tax reform bill by some National Assembly members has exposed those who want Nigeria to remain backward and under-developed. The ex-lawmaker representing Gbonyin/ Ekiti East/Emure…
