The Federal High Court in Abuja has sentenced a retired Director of Finance and Administration with the Abuja Metropolitan Management Council (AMMC), Mr. Garuba Mohammed Duku, to 24 years in prison for diverting N318 million belonging to the Federal Capital Territory Administration (FCTA). Justice James Omotosho delivered the judgment after finding Duku guilty on six …
Chairman of MTN Nigeria, Dr. Ernest Ndukwe, has said the success of the company from its early years to its dominance as Nigeria’s leading telecom operator stems from strong corporate governance and merit-based recruitment. Speaking at the 31st Nigerian Economic Summit in Abuja, during a panel session themed “Titans on the Move: Africa’s Multinationals,” Ndukwe …
The Nigeria Police Force has stopped enforcing vehicle tinted glass permits across the country after a Federal High Court ordered an immediate suspension of the exercise. Last week, the Federal High Court in Warri, Delta State, issued the directive in a case filed by human rights lawyer John Aikpokpo-Martins against the Inspector-General of Police (IGP) …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) has intercepted smuggled goods worth over ₦1.2 billion in six weeks. Comptroller Mohammed Shu’aibu, head of the unit, announced this during a media briefing in Lagos on Tuesday. He said the operation covered key border communities in Ogun, Oyo, Ondo, and Lagos …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has announced that about 98 per cent of Nigerian workers will be exempted from Pay-As-You-Earn (PAYE) deductions when the new tax law becomes effective in January 2026. Oyedele made this known during a session at the 31st Nigerian Economic Summit (NES31) in …
The Nigerian Army has announced major operational successes across the country, with troops killing nine terrorists, arresting eight suspects, and rescuing 37 kidnapped victims during coordinated operations. A military source said the operations were carried out nationwide, reflecting the army’s renewed drive to strengthen security. According to the source, troops of the 151 Task Force …
Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
