Premiere Academy's N500M Defamation Suit: Court Admits Exhibits Against Ughegbe The High Court of the Federal Capital Territory (FCT) has accepted eight exhibits submitted by the Premiere Academy of Abuja as part of its N500 million defamation lawsuit against Lemmy Ughegbe, a gender activist based...

‎Naira Strengthens to ₦1,565/$ in Parallel Market Amid Volatility ‎The naira rebounded against the dollar on Wednesday in the parallel foreign exchange market, reversing earlier losses. ‎As of February 12, 2025, the naira was trading at ₦1,560/$ (buy) and ₦1,565/$ (sell), reflecting a significant recovery from...

Africa Energy Bank $120bn Project to Begin in Q1, 2025 – FG The Federal Government yesterday hinted that the Africa Energy Bank (AEB) to be headquartered in Nigeria would be unveiled in the first quarter of 2025. The bank which targets an asset base of $120bn...

Equity Market Trades Positive as Investors Gain N426bn The Nigerian Exchange sustained its bullish momentum at the close of trading on Tuesday, with investors gaining N426bn as market capitalisation rose to N66.5tn. The benchmark All-Share Index appreciated by 683.38 points, or 0.65 per cent, closing at...

N10bn Fund Needed for Capital Market Awareness, Says Senate The Senate has proposed an N10bn fund for investor education in the capital market as part of the 2025 budget. The Chairman of the Senate Committee on Capital Market, Osita Izunaso, disclosed this during the budget defence...

Customs Clarifies Decision to Suspend 4% FOB Charge The Nigeria Customs Service says it suspended the implementation of four per cent Free-on-Board value on imports to review revenue framework and optimise its operations. A statement signed by the Customs National Public Relations Officer, Abdullahi Maiwada, disclosed...