Economy

Former Edo state governor and Senator representing Edo North senatorial district Adams Oshiomole this morning caused serious commotion at the Muritala Mohammed Airport. Our reporter said the senator arrived the MM1 late for his flight. His flight was supposed to be by 6:30am, and he arrived at 6:20 when boarding formalities have been concluded. The plane took off as scheduled …

Tukur Shamsudden, an Indian national and some employees of Dangote Industries Limited have been arraigned before the court for allegedly diverting Automotive Gas Oil (AGO), popularly known as diesel, worth over N4 billion belonging to the company. The Indian and 12 others were arraigned before the Federal High Court in Lagos State by the Police Special Fraud Unit (PSFU) in …

Prof. Dibu Ojerinde, Ex-Registrar, JAMB The Federal High Court sitting in Abuja on Tuesday, June 10, 2025, rejected the no-case submission filed by the former Registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Dibu Ojerinde, in the alleged N5.2 billion fraud charge. Justice Obiora Egwuatu, in a ruling, held that the elements of the offence preferred against Ojerinde …

The National Agency for Food and Drug Administration and Control (NAFDAC) has cautioned Nigerians against using certain Dove-branded cosmetic products, recently banned by the European Union due to potential health risks. In a public alert released on Saturday titled “Alert on the Ban of Dove Hand and Deodorant Soap due to Butylphenyl Methylpropional Contamination,” NAFDAC revealed that the affected products …

The Securities and Exchange Commission (SEC) has issued a warning to Nigerians about the unauthorized presale of Punisher Coin, also known as $PUN, a digital asset being promoted on several online platforms. The SEC emphasizes that $PUN is not registered or approved for public offering in Nigeria. The Commission’s preliminary findings indicate that $PUN falls into the category of meme …

Lagos State is set to launch Africa’s first subnational carbon exchange, with an estimated $1 billion in revenue expected over the next 15 years from the generation and trading of 1.2 million carbon credits. The announcement was made by Titi Oshodi, Special Adviser to Governor Babajide Sanwo-Olu on Climate Change and Circular Economy, during the launch of the “80 Million Credit …

Bello Hassan, MD/CE, NDIC The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System. The proposed revision launched by IADI in May 2025, is a significant step …

President Bola Ahmed Tinubu President Bola Tinubu has approved the release of N2 billion for immediate reconstruction of homes of people affected by the recent flood disaster in Mokwa, Niger State. Vice President Kashim Shettima disclosed this when he visited the victims in Mokwa town, Mokwa Local Government Area of Niger State on Wednesday, June 4, 2025 Shettima assured that …

The operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested three persons for allegedly sponsoring hajj pilgrims to move cocaine to Saudi Arabia during pilgrimage. Femi Babafemi, the NDLEA spokesperson disclosed this via a statement issued on Sunday, June 1, 2025. Babafemi identified the kingpins as Abubakar Muhammad, Abdulhakeem Muhammed Tijjani, and Muhammad Aji Shugaba. Babafemi noted that …

The Judiciary Staff Union of Nigeria (JUSUN) has directed its members in all federal courts across the country and other judicial institutions to withdraw their services from June 2, 2025. The JUSUN National Vice President, North-Central, Mustapha Laminu, made this known via a statement issued on Friday, May 30. Laminu said the strike had become imperative to press home the …