OPERATIVES of the Economic and Financial Crimes Commission have arrested a former governor of Akwa Ibom State, Udom Emmanuel, over an alleged N700 billion fraud. Emmanuel, who served as governor between 2015 and 2023, reportedly arrived at the EFCC’s corporate headquarters in Abuja around 12:30 p.m. on Tuesday following an …
Read More »
THE Naira appreciated on Tuesday at the official market, trading at 1491.67 to a dollar. Data from the Central Bank of Nigeria (CBN) Website showed that the Naira gained N7.31. This represents a 0.48 per cent increase from N1,498.98 per dollar recorded on Monday. The Naira has enjoyed relative stability …
Read More »
RWANDA has strongly criticised Canada’s decision to suspend trade and business engagements, calling it a ‘shameful’ stance that will do little to resolve the ongoing conflict in eastern Democratic Republic of Congo (DRC). The condemnation follows Canada’s announcement on Monday that it would halt the issuance of permits for controlled …
Read More »
RWANDA has demanded £50 million (over $63.5 million) from the UK following the Labour government’s decision to scrap a controversial deportation agreement, escalating diplomatic tensions between the two nations. The agreement, originally signed in April 2022 under the UK’s previous Conservative government, allowed the deportation of irregular migrants arriving in the …
Read More »
AFRICA continues to attract millions of visitors eager to explore its diverse landscapes, rich history, and vibrant cultures. From the ancient pyramids of Egypt to the bustling souks of Morocco and the breathtaking safaris of Kenya, the continent offers unparalleled travel experiences. With record-breaking tourism numbers in 2024, Africa’s most …
Read More »
WOMEN entrepreneurs play a crucial role in Africa’s economic growth, yet they continue to face significant barriers to financing, markets, and business expansion opportunities. To bridge this gap, Ecobank has announced a major expansion of its Ellevate by Ecobank programme. Originally designed for women-led, women-owned, and women-focused businesses in commercial banking, Ellevate will …
Read More »
THE Federal High Court sitting in Abuja has slated May 28 for the Federal Competition and Consumer Protection Commission, FCCPC, to arraign the Managing Director and Chief Executive Officer, MD/CEO, of MTN Nigeria Communications PLC, Mr Karl Toriola, on a two-count charge. Others listed as 1st to 4th defendants in …
Read More »
THE House of Representatives has directed Multichoice, the operators of DStv and GOtv, to halt its planned subscription rate increase, citing the prevailing economic hardship in the country. The Pay-TV provider had recently announced a price adjustment effective from March 1, with the DStv Premium package rising from N37,000 to …
Read More »
GUNMEN have kidnapped a Catholic priest, Rev. Father Philip Ekeli, and a seminarian, Peter Andrew, from St. Peter Catholic Church in Iviukwa Community, Etsako East Local Government Area of Edo State. Police sources confirmed the incident on Tuesday to security expert, Zagazola Makama, saying the attack happened on Sunday night …
Read More »
THE federal government has launched a new revenue collection platform, the Treasury Management and Revenue Assurance System (TMRAS), to replace the Remita platform. This was disclosed in a statement by Dr. Mrs. Oluwa Oyin Madein, Accountant-General of the Federation (AGF). The move, spearheaded by the Office of the Accountant-General …
Read More »
