Four individuals have been arraigned before an Iyaganku Chief Magistrates’ Court in Ibadan over the alleged theft of gold valued at N27.6 million. The defendants, Israel Mapko (60), Kabirat Nurudeen (48), Salisu Adamu (58), and Abiola Modesola (49) were charged with conspiracy, stealing, and receiving stolen goods. They pleaded not guilty to the charges.The prosecutor,…
…Dismisses ADC as weak opposition By Adeyemi David Nigeria’s ambassador-designate to Germany, Femi Fani-Kayode, has criticised media entrepreneur Dele Momodu over his recent remarks on President Bola Tinubu, describing them as “misguided” and “uncharitable.” Momodu, a chieftain of the African Democratic Congress (ADC), had in a recent television interview likened Tinubu’s leadership style to that…
For years, the Idiroko border in Ogun State has been synonymous with smuggling and illicit cross-border trade. But a new enforcement drive by the Nigeria Customs Service is beginning to alter that narrative. Since assuming office as Acting Customs Area Controller of the Ogun I Command, Oladapo Afeni has intensified intelligence-driven operations that have led…
By Seun Ibiyemi The National Association of Maritime Transport Operators (NAMTOP) has announced the resolution of its two-year leadership crisis, restoring unity among its twenty affiliated unions and associations. In a statement on Tuesday, NAMTOP said the umbrella body representing truck owners and operators across Nigeria is now fully reconciled and ready to continue advocating…
By Seun Ibiyemi Even as Nigeria’s food inflation rate eased sharply in February, millions of households continue to face acute hunger and food insecurity, a stark reminder that headline price data does not always reflect the daily struggles of ordinary Nigerians. According to the latest figures from the National Bureau of Statistics (NBS), food inflation…
By Seun Ibiyemi Nigeria’s capital market regulators have begun reviewing free-float requirements for companies listed on the Nigerian Exchange (NGX) in a bid to boost market liquidity, deepen equity trading, and attract more investors. The NGX Group confirmed the development on Monday, noting that discussions are ongoing with the Securities and Exchange Commission (SEC) to…
By Seun Ibiyemi Newly sworn-in Minister of State for Finance, Taiwo Oyedele, pledges full support for Nigeria’s fiscal reforms and economic management, promising efficient revenue mobilisation and debt sustainability. Oyedele took the oath of office before President Bola Tinubu at the Presidential Villa, Abuja, describing the opportunity to serve at the highest level as a…
By Seun Ibiyemi The Nigerian naira, displayed signs of resilience on Monday as it posted modest gains against the United States dollar in the foreign exchange market, signalling a positive start to the week for the local currency. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel trading points across major cities indicated that…
By Seun Ibiyemi Nigeria’s stock market reached a historic high on Monday as the Nigerian Exchange Group (NGX) All-Share Index crossed the 201,000-point threshold for the first time, signaling renewed investor confidence in the country’s equities market. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.30 in the previous…
By Seun Ibiyemi FairMoney Microfinance Bank on Monday appointed Gbenga Shobo as Chairman of its Board, in a move aimed at reinforcing corporate governance and executive capacity. The bank also announced the appointment of Debo Aderoju as Executive Director and Chief Risk Officer, further strengthening its leadership team as it expands operations in Nigeria’s growing…
