Justice Emeka Nwite of the Federal High Court, Abuja, on Wednesday granted bail to former Attorney General of the Federation and Minister of Justice Abubakar Malami (SAN) in the sum of N500 million in the money laundering case filed against him by the Federal Government. The judge directed Malami to produce two sureties who must …
Samsung Electronics (005930.KS) announced on Wednesday that it will acquire 2.5 trillion won ($1.73 billion) of its own shares to fund employee and executive compensation. The purchases will be made on the stock market between January 8 and April 7, according to a regulatory filing. This buyback is part of a performance-linked compensation scheme that …
Caracas and Washington have reached a deal for Venezuela to export up to $2 billion worth of crude oil to the United States, U.S. President Donald Trump announced on Tuesday. The agreement aims to divert oil supplies from China while helping Venezuela avoid deeper production cuts. Trump said the deal signals Venezuela’s willingness to open …
The Kaduna State Police Command has confirmed the kidnapping of veteran photojournalist Malam Umar Usman. DSP Mansir Hassan, the command’s spokesperson, disclosed the abduction on Tuesday in Kaduna, noting that investigations have begun to secure the journalist’s safe release. “We are trying our best to rescue him unhurt,” he said. READ ALSO: Tinted Glass Permit …
The Federal Capital Territory Administration (FCTA) has sealed Divine Hope Orphanage and Less Privileged Home in Kagini, Abuja, over alleged involvement in illegal child trafficking and other child welfare violations. The Director of Child Development at the FCT Women Affairs Secretariat, Idris Attah, confirmed the development in a statement issued on Monday. He said authorities …
Umar Nadada has officially assumed duty as the 8th Assistant Inspector-General of Police (AIG) in charge of Zone 14 Headquarters, Katsina State. Nadada took over the leadership of the zone on Monday and is expected to deploy his extensive experience in crime prevention to strengthen public trust and confidence in the Nigeria Police Force. The …
The Nigerian Meteorological Agency (NiMet) has forecast a mix of haze, sunshine and thunderstorms across Nigeria from Wednesday to Friday. In its three-day weather outlook released on Tuesday in Abuja, NiMet said the northern region will experience mostly sunny and hazy conditions throughout the period. By Friday, dust haze is expected to worsen, especially during …
Former lawmaker, Senator Magnus Abe, has applauded President Bola Tinubu for nominating him as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Senator Abe, who expressed profound gratitude to the President for the appointment, said his love and support for Tinubu was not based on expectations of reward, but on the …
As the key driver of economic development, Nigeria’s energy sector has, over the years, been influenced by events, policies and actions. Nigeria's energy sector in 2026 faces several significant events, all testing whether recent reforms can translate into tangible improvements in oil and gas production, power supply, and investments in other subsectors. The major issues …
First Bank of Nigeria (FirstBank) has successfully met the ₦500 billion minimum capital requirement following the completion of a series of strategic capital-raising initiatives. The First HoldCo Plc, the parent company, disclosed this in a statement issued on Monday and signed by its Group Company Secretary, Abiola Baruwa. It stated that meeting the Central Bank …
