Business

Thought Subsidy Was Bad. Why is Tinubu Bringing it Back? – Farooq A. Kperogi

A September 21, 2023, enterprise news report (i.e., a news report that’s not from a news release or a press conference) from the Daily Trust found that “Despite the numerous assurances by President Bola Ahmed Tinubu that… subsidy is gone… the federal government paid N169.4 billion as subsidy in August …

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Delta Siblings, 15 others Jailed for Online Scamming in Benin

By Oghenekevwe Arese In the capital city of Edo State, Benin City, a High Court presided over by Justice Efe Ikponmwonba has convicted and sentenced two brothers, Ochuko Godfrey and Ochuko Prosper, along with 14 others, to various jail terms. In a recent post on Thursday from the Economic and …

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IPOB Sit-At-Home Order: Enugu Govt Seals Two Banks, 107 Shops For Compliance.

The Enugu Capital Territory Development Authority, led by the Secretary to the State Government Enugu State, (SSG), Chidiebere Onyia, sealed the premises of two commercial banks, and 107 shops across the coal city for complying with the Sit-At-Home order of the Indigenous People of Biafra (IPOB) in Enugu. The sit-at-home …

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£28m Fine Imposed on India Lawyer Linked to Ibori Corruption Case

Bhadresh Gohil, a 58-year-old lawyer of Indian origin, was ordered by a UK court on Monday to pay more than £28 million in costs related to criminal activities. Gohil had previously been convicted of fraud and money laundering in a case involving corruption allegations against James Ibori, a former governor …

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Fatal Beverages Claim Eight Lives, Hospitalize 11

Tragedy Strikes in Ogun State as Eight People Lose their Lives, and 11 others are hospitalized After Consuming Suspected Lethal Alcoholic Beverages In a statement released on Sunday, the Ogun State Government revealed a distressing incident where eight individuals tragically lost their lives, while eleven others remain in critical condition, …

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A few Surprises In Tinubu’s Cabinet

Nigerians are in for a few surprises as President Bola Tinubu unveils his new cabinet in a few days. Both in composition, size and structure, the next federal executive council would far different from what we’ve always known. A Lagos banker and politician, Senator Mukhail Adetokunbo Abiru will likely emerge …

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Suspended EFCC Chairman Honours DSS Invitation

The suspended Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has honoured the invitation by the Department of State Services. The secrete police invited the suspended EFCC boss immediately after the approval of his suspension by President Bola Tinubu. Recall that the president suspended Bawa over what he …

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Meet Folashodun Shonubi, The CBN New Acting Governor

At the suspension of the Central Bank Of Nigeria Governor, Godwin Emiefele, from office, Folashodun Shonubi, his deputy has been announced as the acting governor of the CBN Shonubi, the new acting CBN governor assumed the position of Operations Directorate on October 17, 2018. He was born on the 7th …

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Protesters In Delta Demand Better Nigeria, Ask FG to Arrest Banks MDs

Motorist, traders, human rights activists, and angry youths, protesting the fuel and new naira notes scarcity, barricaded the Asaba-Onitsha Expressway in Asaba, call for a better Nigeria, and also urged the Federal Government of Nigeria to arrest Managing Directors of commercial banks for allegedly hoarding the new Naira notes. Speaking on …

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VIDEO: Why We Extend Deadline For Old Naira Notes, Emefiele Explains

The Governor of the Central Bank Of Nigerian, Mr. Godwin Emefiele has explains why the apex banks decides to extend the January 31st Deadline for the withdrawal of the old Naira Notes from circulation. Emefiele made the announcement on Sunday. Speaking to journalists, he said, “A 10-day extension of the …

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