News
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Lawyers hopeful of speedy justice delivery in new era
Lawyers are expectant of a reformed and independent judiciary in the current democratic government, ONOZURE DANIA writes A new administration emerged on May 29 as Bola Tinubu was inaugurated as President, succeeding former President Muhammadu Buhari who governed the country for eight years. During his tenure, the judiciary witnessed blatant disobedience to…
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Students protest as NASS fails to pass Anti-Sexual Harassment Bill
A coalition of Nigerian students has expressed their displeasure over the failure of the National Assembly to pass the ‘Prevention, Prohibition and Redressal of Sexual Harassment in Tertiary Educational Institutions Bill, 2019’, describing it as the epic of injustice. While describing sexual harassment in schools as “a core problem and…
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Naira rebounds at parallel market, hits 750/dollar
The naira continued to strengthen against the United States of American dollar at the parallel market as it closed N750 per dollar on Wednesday from N763 in the previous session. Naira had appreciated by N7 against the US dollar on Tuesday after opening at N770. However, the performance of the…
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Naira devaluation fake news – CBN
The Central Bank of Nigeria has debunked the claim that it has devalued the naira. A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports. The statement partly reads, “We wish to state categorically that this news report, which in the…
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N’Assembly compiles N30bn lawmakers’ severance package
The National Assembly management has commenced clearance of members of the Senate and the House of Representatives for payment and collection of severance packages, as the 9th Assembly winds down. The Clerk of the House, Yahaya Danzaria, made this known in a notice to members at the plenary on Wednesday.…
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Reject Atiku’s BVAS exhibits, Tinubu, INEC tell tribunal
The Presidential Election Petitions Court in Abuja, on Wednesday, admitted a total of 337 exhibits tendered by the Peoples Democratic Party and its presidential candidate, Atiku Abubakar, challenging the emergence of President Bola Tinubu as the winner of the February 25 presidential election. At the resumed hearing in the matter,…
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Two Nigerians Extradited From UK Commit Another $6million Fraud Involving 400 Victims In US
Two Nigerian nationals who were extradited to the United States from the United Kingdom have pleaded guilty to operating a transnational inheritance fraud scheme. According to court documents, Jerry Chucks Ozor, 43, and Iheanyichukwu Jonathan Abraham, 44, were part of a group of fraudsters that sent personalised letters to elderly…
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CBN Devalues Naira To 630/$1
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day, Daily Trust gathered. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans of the federal government to unify the…
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Nigerian Breweries mulls acquisition of 80% Stake in Distell Wines & Spirits Nigeria Limited
Nigerian Breweries mulls acquisition of 80% Stake in Distell Wines & Spirits Nigeria Limited Nigerian Breweries Plc has said that it is considering an offer to acquire 80% shareholding in Distell Wines & Spirits Nigeria Limited. This was contained in the company’s notice to the Nigerian Exchange Limited and obtained…
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Glo wins ‘Africa’s Beacon of ICT’ honour award
Last Saturday night, Globacom, Nigeria’s leading provider of telecoms solutions, experienced another mark of recognition when it received the “Africa’s Beacon of ICT Excellence/Leadership Award” in Lagos. The company received this recognition for introducing ground-breaking innovations in the Nigerian telecom sector at the 2023 edition of the awards, which was…