By Adeyemi David The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is set to arraign former Kaduna State governor, Nasir El-Rufai, before the Federal High Court sitting in Kaduna on Tuesday over alleged corruption-related offences. The ICPC spokesperson, John Odey, disclosed this in a statement issued on Monday in Abuja. According to Odey,…
By Seun Ibiyemi The naira, recorded a relatively stable performance at the start of trading on Monday, maintaining its position against major global currencies despite ongoing market pressures. At the official Nigerian Foreign Exchange Market (NFEM), the naira traded at approximately ₦1,356.74 to the United States dollar, reflecting a steady trend seen in recent sessions….
By Seun Ibiyemi Africa’s foremost industrialist, Aliko Dangote, has cautioned that escalating tensions in the Middle East and the resulting volatility in global oil markets could have severe economic consequences for Nigeria and other African countries. Dangote gave the warning on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu….
By Seun Ibiyemi The Director-General of the Nigeria Civil Aviation Authority (NCAA), Chris Najomo, has emphasised the importance of strong working relationships, effective communication, and dialogue among aviation stakeholders to address labour-related challenges in the sector. Najomo made the call on Monday during a workshop on Industrial Relations and Negotiation Skills held in Lagos. The…
The Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA) has unveiled plans to attract up to $5 billion in investment to generate more than 500,000 jobs across the Niger Delta region. The Board Chairman of NDCCITMA, Idaere Ogan, disclosed this during a media briefing with journalists on Monday in Port Harcourt, ahead…
By Seun Ibiyemi Moniepoint Inc. has acquired Orda Africa as part of its strategy to deepen its footprint in Africa’s fast-growing food service industry, estimated to be worth about $50 billion. Orda, a cloud-based restaurant management platform operating in Nigeria, will be integrated into Moniepoint’s Moniebook platform an all-in-one point-of-sale and business management solution launched…
By Seun Ibiyemi The Nigerian Shippers’ Council (NSC) has directed Mediterranean Shipping Company (MSC) to suspend the implementation of its newly introduced shipping tariff, as concerns mount within Nigeria’s maritime sector over the proposed charges. In a letter dated March 23, 2026, titled “Re: Suspension of Tariff Approval” with reference number MSC/RSD/M4/044/VOL/124, the Council instructed…
By Adeyemi David Governor Seyi Makinde of Oyo State has approved a N10,000 monthly transportation support allowance for civil servants in the state as part of measures to cushion the impact of rising living costs. Makinde announced the initiative on Monday while supervising the YEAP-SAFER support disbursement and stakeholder engagement programme at the Fashola Agribusiness…
…warns of economic risks By Seun Ibiyemi The Shipping Correspondents Association of Nigeria (SCAN) has expressed concern over delays in the renewal of port concession agreements in Nigeria, warning that the development poses significant risks to the maritime sector and the broader economy. In a statement issued on Sunday in Lagos, and signed by its…
By Seun Ibiyemi FCMB has raised the alarm over a growing number of ATM card swap incidents, urging customers to remain vigilant while carrying out transactions. In a customer advisory, the bank said fraudsters are increasingly adopting tactics that involve distracting ATM users and secretly exchanging their cards during transactions, leading to unauthorized withdrawals and…
