News

An Ikeja special offences court has sentenced Marco Ramirez, an American businessman, to 74 years in prison for fraud. Ramirez was convicted on Tuesday on charges preferred against him by the Economic and Financial Crimes […]

The State Security Service (SSS) has released the president of the Nigerian Labour Congress (NLC), Joe Ajaero, after detaining him for about 15 hours on Monday. The SSS released him at about 11 p.m. on […]

On 2 September, the Nigerian government declared wanted a British socialist, Andrew Wynne, after accusing him of leading an attempt to topple President Bola Tinubu’s administration “and plunge the nation into chaos” under the guise of the […]

Details have emerged regarding why Ajuri Ngelale, the spokesperson of President Bola Tinubu, stepped down from his position on Saturday. While Mr Ngelale said he was stepping aside to deal with medical matters affecting his […]

Dr Olisa Agbakoba is a distinguished Senior Advocate of Nigeria and former President of the Nigerian Bar Association. While speaking with Biodun Busari, he offers his insightful perspective on Nigeria’s persistent challenges, from escalating fuel […]

Petrol scarcity in parts of the country has lingered as motorists throng filling stations for the product. On September 3, the Nigerian National Petroleum Company (NNPC) Limited raised the price of premium motor spirit (PMS), […]

Two Nigerians have been sentenced to prison by a US federal court for their involvement in wire fraud. Franklin Okwonna, 34, and Ebuka Umeti, 35, were convicted for causing over $5 million in losses to […]

The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing. A joint statement issued by both countries said the agreement aimed at supporting Nigeria’s efforts to safeguard […]

The Nigeria Labour Congress (NLC) has said it feels betrayed by the federal government following Tuesday’s increase in the pump price of petrol at NNPC Ltd’s fuel stations. The NLC, in a statement by its […]

Last Sunday, the NNPC said its ability to sustain regular supply of petrol across Nigeria is under threat. The oil company said it is under financial duress due to Premium Motor Spirit (PMS) supply costs, […]

We are filled with a deep sense of betrayal as the federal government clandestinely increases the pump price of pms. One of the reasons for accepting N70,000 as national minimum wage was the understanding that […]

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol, The PUNCH can report authoritatively. This is coming a few days after the 650,000-capacity refinery engaged […]

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in H1 2023 to N2.1 trillion […]

The Ogun State Waste Management Authority, (OGWAMA) has shut down two Chinese companies, Yibao Industrial Limited, Bara village along the Sagamu-Abeokuta expressway and Ronchang Industrial Park, opposite Julius Berger yard, along the Lagos-Ibadan expressway, Ewu-Osile, […]

The Nigerian government has clarified that its planned electricity subsidy for tertiary educational institutions may only apply to 37 federal universities and seven teaching hospitals affiliated with some of them. The government also said the […]

The United States (US) Securities and Exchange Commission (SEC) says Odogwu Mmobuosi, the former chief executive officer (CEO) of Tingo Group, and three companies affiliated with him, have been ordered by a court to pay […]

A federal high court in Abuja has summoned Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), to appear before it regarding the money laundering case brought against Binance Holdings Limited and its executives. […]

A block on Elon Musk’s X social network in Brazil started to take effect early Saturday after a Supreme Court judge ordered its suspension, according to AFP. Brazilian Supreme Court judge Alexandre de Moraes on […]

There are indications that pipeline vandalism, oil theft, illegal refining and low investment have combined to reduce Nigeria’s oil output by 27.4 per cent to 1.4 million barrels per day, bpd, excluding condensate, in July […]