An Economic and Financial Crimes Commission (EFCC) witness, Mshelia Arhyel Bata, on Monday told the Federal High Court in Abuja that no banking law was violated in the withdrawals made by the Kogi State Government during the administration of former Governor Yahaya Bello. Bata, a compliance officer who testified as the fourth prosecution witness (PW-4), …
Nigeria's recent Eurobond issuance of US$2.25 billion has caught the attention of financial experts and investors alike. While the bond was oversubscribed, meaning there was strong investor demand, the coupon rate of 9.125% for the 10-year tranche and 9.625% for the 20-year tranche raises a few eyebrows. This rate appears to be on the higher …
The Oyo State High Court sitting in Ibadan has again adjourned the hearing of a suit challenging the Peoples Democratic Party’s (PDP) planned National Convention. The case, presided over by Justice Ladiran Akintola, was postponed to Wednesday, November 12, 2025, amid heavy security as journalists were barred from covering the proceedings. Justice Akintola adjourned the …
U.S. stock index futures climbed on Monday amid signs of progress in Washington to end the record-long government shutdown that has stalled economic data releases and raised concerns about the economy. On Sunday, senators advanced a House-passed bill to fund the government until January 30. If approved by the Senate, the measure must still pass …
The federal government has increased the Credit Risk Guarantee (CRG) for tomato crate financing to 75% under the Dutch-funded HortiNigeria Programme, a move expected to unlock over ₦500 million in intervention funding for Nigeria’s horticulture sector. Mohamed Selassie Idris, Country Representative of the International Fertilizer Development Center (IFDC) and Programme Director of HortiNigeria, announced the …
Nigeria loses an estimated $15 billion every year to oil theft and pipeline vandalism, raising concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027, a study by Professor Usman Muhammed of Kaduna State University has revealed. Speaking at the 1st Citizens Engagement Conference (North-West Edition) in Kaduna, themed “The …
Hundreds of thousands of travellers faced flight delays and cancellations on Sunday, marking the worst disruption since the U.S. government shutdown began. Transportation Secretary Sean Duffy warned that conditions could worsen ahead of the Thanksgiving holiday. Airlines cancelled over 2,800 flights and delayed more than 10,200 on Sunday, the third consecutive day of government-mandated flight …
Visa and Mastercard have reached a revised settlement with merchants who alleged the card networks charged excessive fees for accepting their credit cards, according to a court filing on Monday. The updated settlement was revealed in a letter filed in Brooklyn federal court by a lawyer representing some of the plaintiffs. Details on the revised …
The Nigeria Premier Football League (NPFL) has imposed a total fine of ₦9 million on Katsina United FC for breaching the Rules during their Week 12 fixture against Barau FC on Saturday, 8 November, at the Muhammadu Dikko Stadium, Katsina. The disciplinary action follows incidents of crowd violence that disrupted the match after Barau FC’s Orji …
The Presidential Committee on the Overhaul and Revamp of Training Institutions for Security Agencies, chaired by Enugu State Governor Peter Mbah, has promised to submit its findings and a detailed cost plan for refurbishing Nigeria’s security training facilities on time. The committee gave this assurance on Thursday while inspecting the Nigeria Police Training School, Nonwa-Tai …
