Court Restrains Emefiele’s Re-arrest, Fines EFCC N100m The Federal Capital Territory High Court in Abuja has declared the prolonged detention of the former Governor of the Central Bank of Nigeria, Godwin Emefiele, without trial as a flagrant violation of his fundamental rights. The court slammed a...

Tinubu Sacks BPE, FCCPC Chief Executives President Bola Tinubu has sacked the Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, and the Director-General/CEO of the Bureau of Public Enterprises, Mr Alexander Okoh with immediate effect. A statement signed by...

N2trn Poverty Relief Fund: EFCC Grills Sadiya Umar-Farouk for 12 Hours President Bola Tinubu has ordered the Economic and Financial Crimes Commission to launch a full-blown investigation into the finances of the Ministry of Humanitarian Affairs and Poverty Alleviation. Tinubu handed down the directive in a...

N585m Scandal: Presidency Withdraws Betta Edu's Pass, Denies Access  The Presidency has withdrawn the pass of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, thereby denying her access to the Aso Villa in Abuja. The pass enables top government officials to gain...

In One Week, Stock Market Investors Gain N2.7trn The Nigerian stock market recorded an impressive start in the first trading week of 2024, with investors gaining N2.7 trillion from their investment in the Nigerian Exchange Limited, NGX. Accordingly, the benchmark index, NGX All Share Index, ASI...

FX Liquidity Conditions To Remain Tight Amid $33bn Reserve Level   Despite Nigeria’s FX reserves starting the year on a positive note, economic analysts have said they expect FX liquidity conditions to remain tight pending receipt of expected FX inflows. According to data obtained from the Central...