Naira Gains Marginally, Now N1,554.65 per Dollar The naira appreciated against the dollar at both official and parallel foreign exchange markets for the first time since last week. FMDQ data showed that the naira appreciated marginally to N1,554.65 against the dollar on Thursday from N1,561.98 traded...

FCT High Court Judge, Ogbonnaya, Accused of Withholding Judgment in an Unlawful Sale of Hospital A judge of the Federal Capital Territory (FCT) High Court, Justice K. N Ogbonnaya, has been accused of withholding judgment in a motion challenging the unlawful sale of the multi-billion-naira...

Court Remands Ex-power Minister in Kuje Prison over N33bn Fraud The Abuja Federal High Court has ordered that a former Minister of Power, Saleh Mamman, be remanded in Kuje prison in Abuja pending the consideration of his bail application. Justice James Omotosho issued the order on...

Senate Rejects Bill to Boost Gold Reserves A bill seeking to boost the nation's reserves by using gold has been rejected by the Senate. The bill sponsored by Senator Sani Musa ( APC, Niger East) titled “ Foreign Exchange (Control and Monitoring) Bill, 2024 (SB. 353)”...

Ex-Accountant General Asks Court For Extension to Refund Stolen Funds Anamekwe Nwabuoku, the former acting Accountant-General of the Federation, has appealed to Justice James Omotoso of the Federal High Court in Abuja for more time to complete the refund of the public funds allegedly looted...

Effective Rail Transportation in Nigeria Requires $66bn, Says NRC The Nigerian Railway Corporation (NRC) yesterday disclosed that Nigeria will require at least $66 billion to effectively deliver the much-needed rail infrastructure nationwide. The Managing Director of the NRC, Fidet Okhiria, who spoke on Channels Television, advised...