THE Police in Lagos on Monday arraigned a 49-year-old car dealer, Ibrahim Yakubu, in a Badagry Chief Magistrates’ Court over alleged fraud. The defendant, whose address is not given, is standing trial on two-count charge of fraud and stealing. He, however, pleaded not guilty to the charges. The prosecutor, Insp …

The Joint Committee of the House of Representatives carrying out a forensic investigation into the challenges affecting the downstream and midstream petroleum sectors has commenced a probe into allegations of importation of contaminated Premium Motor Spirit, also known as fuel, into the country. The committee’s Chairman, Ikenga Ugochinyere disclosed this …

  Aliko Dangote, Africa’s richest man, has decided to drop the plans to invest in a new steel plant in Nigeria after the government accused him of monopoly with his new refinery in the West African nation. “Our own board has decided that we should not have the steel plant. …

So far this year, Nigeria’s external reserves have appreciated by $3.02 billion amid numerous foreign exchange interventions to strengthen the local currency. The Central Bank of Nigeria (CBN) recently approved the sales of foreign exchanges to eligible Bureau De Change (BDCs) to meet the demand for invisible transactions as the …

  THE Obijackson Foundation held a fundraising event over the weekend to support its ongoing partnership with Hospitals for Humanity (HFH). The foundation, a leading humanitarian organization dedicated to improving the lives of underprivileged children and women starting from the South-East, aims to provide life-saving congenital heart surgeries for children …

CHIEF Mike Ozekhome is a Constitutional Lawyer, Human Rights Activist, Pro-Democracy Campaigner, Senior Advocate of Nigeria (SAN). In this interview with our Correspondent, he bears his minder on the causes of Nigeria economy woes and the ways out of the economy stagnation. Excerpts: There’s a palpable tension over proposed protest …

U.S. President Joe Biden’s decision to end his reelection campaign on Sunday followed a series of strategic missteps by his campaign team and White House aides that amplified concerns that the 81-year-old president wouldn’t be able to win in November’s election, or run the country for another four years. Biden’s …

President Bola Tinubu on Sunday in Accra, Ghana, highlighted the progress made so far by the Economic Community of West African States (ECOWAS) and the prevailing challenges of the region. A statement on Sunday by Chief Ajuri Ngelale, the President’s spokesman, said he highlighted the achievements of the bloc in …

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 20th July, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …

    THE Economic and Financial Crimes Commission (EFCC) has arraigned Rufus John Isip, a self-proclaimed forex broker, for an alleged investment scam totaling over ₦2 billion. Isip appeared before Justice C. S. Onah at the Federal High Court in Uyo, Akwa Ibom State. According to a statement by EFCC spokesperson …