Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, admitted in evidence more documents tendered by the Economic and Financial Crime Commission, EFCC, in the alleged N76bn, $31.5m fraud trial involving a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and others. Kuru, alongside Kamilu…
Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations. In Nigeria, the sustainability agenda has become a…
The Lagos State Government on Monday announced the approval of a 13 per cent increase in all Bus Reform Initiative (BRI) scheme fares. This upward review of transportation fare also affects the Bus Rapid Transit (BRT) and standard routes. This was contained in a statement issued by the Head Corporate Communication for the Lagos Metropolitan…
The Chinese government has denied allegations by the United States that it is sponsoring illegal mining in Nigeria. Recall that five US Congressmen had, in a bill, accused Chinese nationals involved in “illegal mining” operations of paying terrorists for protection. The bill titled “Nigeria Religious Freedom and Accountability Act of 2026” linked Chinese illegal mining…
Militias The United States proposed bill has sought to counter Chinese mining operations in Nigeria as part of targeted measures to address religious freedom violations and extremism by terrorist groups. According to report, the proposal is contained in the Nigeria Religious Freedom and Accountability Act of 2026, co-sponsored by Rep. Riley Moore (R-West Virginia) and…
The Abia State government has taken a decisive step against telecommunications giant Globacom Limited, sealing its operational offices in Umuahia and Aba. This move follows the company’s alleged failure to remit over N4 billion in outstanding tax liabilities to the state’s coffers. The enforcement exercise was carried out by the Abia State Board of Internal…
From L: Group Head, Digital World Tech Academy, Alex Uwodi; School Administrator, Powerfields Schools, Ngozi Emezue; beneficiary of Egbin Power Tech Empowerment Programme, Esther Bolaji; MD/CEO, Egbin Power Plc, Mokhtar Bounour; beneficiary of the programme, Habeed Akanji and Brand, Event and PCSR Manager, Egbin Power, Stella Olugbemi, during the programme launch at the GenCo’s office…
A Nigerian law firm has accused Zenith Bank Plc of failing to address an alleged breach by one of its former staff members, who is said to have abused her position to facilitate the diversion of more than N188 million belonging to a long-standing customer, AMSCO Nig. Ltd. The allegation is contained in a formal…
Dangote Petroleum Refinery has urged fuel marketers and policymakers to rethink Nigeria’s product evacuation strategy, warning that reliance on coastal loading could significantly inflate fuel prices and undermine the gains of domestic refining. The refinery said its position is driven by a focus on efficiency, affordability and consumer welfare, stressing that its logistics investments were…
First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities. As stated in the unaudited Group financial statement,…
