In a landmark judgment, Justice Abimbola Awogboro of the Federal High Court in Ilorin sentenced Yakubu Aminu to 200 hours of community service for operating a Bureau De Change business without a valid license. The Economic and Financial Crimes Commission (EFCC) had arraigned Aminu on charges of conducting financial transactions outside the regulatory framework of…
The Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) are set to hold high-level meetings from Tuesday to Wednesday. The focus of the discussions is finalizing agreements on the cost and logistics for lifting petrol from the Dangote refinery based in Lekki,…
The Poultry Association of Nigeria (PAN) has issued a warning about a potential surge in egg prices if urgent measures are not taken to support local poultry farmers. According to the association, the price of a crate of eggs, which currently stands at N5,500, could rise to N10,000. The price increase is attributed to a…
The Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate, has successfully secured the conviction of three individuals, AbdulFatai Ismail Alade (alias Hismaheel Asiwaju), Audu Ishida, and Elisha Smith, for their involvement in internet fraud and money laundering. The trio was prosecuted on separate charges of impersonation and money laundering before two Federal High Court…
The Kogi State government, alongside 15 other states, has initiated a landmark legal battle at the Supreme Court, seeking to challenge the legality of the Economic and Financial Crimes Commission (EFCC). The states are questioning the constitutionality of the laws that established the EFCC, asserting that they violate the provisions of the Nigerian Constitution. This…
Borno State Governor, Babagana Zulum, has committed N20 billion for the immediate reconstruction of infrastructure severely impacted by recent floods in the state. This decisive action follows the widespread destruction of critical facilities, including homes, roads, schools, and hospitals. Babagana Zulum emphasized the importance of rapid restoration to prevent further disruption to essential services and…
The Federal Government of Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira as of October 1, 2024. This initiative marks a significant shift in the country’s approach to energy sales and is aimed at strengthening the naira, reducing transaction costs, and ensuring a stable supply of petroleum products….
Minister Dele Alake, has issued a stern warning to state governments about shutting down mining operations. He emphasized that states do not have the constitutional authority to undertake such actions, highlighting that mining falls exclusively under the jurisdiction of the Federal Government. His remarks come in response to recent moves by certain state governments, including…
The national leader of the New Nigeria Peoples Party (NNPP), Senator Rabiu Kwankwaso, has declared that the All Progressives Congress (APC) has lost focus and will be voted out in the 2027 general election. Speaking at his Miller Road residence on Thursday, Kwankwaso welcomed over 963 APC members from the Dala Local Government Area of…
President Bola Ahmed Tinubu has directed the allocation of a federal government grant of N150,000 to each business owner in Enugu State. This grant aims to provide crucial financial support to Micro, Small, and Medium Enterprises (MSMEs) in the region, highlighting the administration’s commitment to fostering economic growth at the grassroots level. The initiative is…
