Emerald HoldCo B.V. has moved to consolidate its ownership of Beta Glass Plc by launching a mandatory takeover offer to acquire up to 11.74 million ordinary shares at ₦590.94 per share after securing an indirect controlling stake in the glass manufacturer. Beta Glass disclosed the development in a notice to the Nigerian Exchange Limited (NGX) …
A Federal High Court in Abuja has ordered the National Welfare Secretary of the African Democratic Congress (ADC), Nkemakolam Ukandu, to pay N100 million in costs after striking out his suit against the Chief Judge of the Federal High Court, Justice John Tsoho, and Justice Peter Lifu. Justice Salim Ibrahim, who delivered the ruling on …
Six years after losing his pregnant wife and unborn child, a Bauchi State High Court has awarded N10.2 million in damages in favour of Adamu Misau after finding the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH) liable for medical negligence. Justice Kunaza Hamidu, in a judgment delivered on Monday, held that the hospital's negligence materially …
The Federal Government has directed regulatory agencies under the Ministry of Communications, Innovation and Digital Economy to adopt a unified approach on policies affecting internet platforms, online intermediaries and other cross-cutting digital economy issues, as it moves to eliminate regulatory overlap and strengthen investor confidence. The directive was issued by the Minister of Communications, Innovation …
The Federal Capital Territory (FCT) Police Command has arrested a notorious six-member "one chance" kidnapping syndicate, recovered N8.25 million ransom paid by a victim's family, and apprehended an alleged arms supplier linked to kidnappers and bandits as part of intensified operations against violent crime across Abuja. Commissioner of Police, Ahmed Muhammed Sanusi, disclosed this on …
The Alliance for Economic Research and Ethics has called on the Central Bank of Nigeria (CBN) to urgently clear the outstanding $2.4 billion foreign exchange forward contract backlog owed to manufacturers. The group stressed that the unresolved obligations are undermining confidence, weakening industrial growth, and threatening the country's economic transformation. It made the call in …
The Nigerian Electricity Regulatory Commission (NERC) has commenced an engagement aimed at driving a structural alignment with the judiciary to protect the ongoing decentralization of Nigeria's power sector. As the country transitions into a multi-tier electricity market under the Electricity Act 2023, the intersection of law, commercial regulation, and judicial interpretation has become highly critical. …
The federal government convened a meeting on Monday with key stakeholders in the downstream oil and gas industry, including Dangote Refinery, regulatory bodies, and major oil marketers, to negotiate a reduction in the pump price of petrol nationwide and ensure fairer pricing for Nigerian consumers. The meeting, held at the Nigerian Midstream and Downstream Petroleum …
A Federal High Court in Abuja has fixed July 10 to deliver judgment in the suit filed by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of 57 properties allegedly linked to former Attorney General of the Federation and Minister of Justice, Abubakar Malami. The case came up on Monday before Justice …
The Federal Government has announced plans to evacuate another batch of 270 Nigerians from South Africa on Wednesday, July 8, 2026, following renewed xenophobic tensions in the country. The returnees are expected to arrive at the Murtala Muhammed International Airport, Lagos, on Wednesday morning aboard an Air Peace flight chartered by the Federal Government for …
