In a landmark judgement, the Tapa Commercial Division of the Lagos State High Court on Wednesday, dismissed a multi-million Naira debt recovery suit filed by United Bank for Africa Plc against its customer, Arueyingho Gbemi Mac, finding that the bank acted in breach of regulatory and fiduciary obligations. Justice A. …

An Ikeja Special Offences Court has adjourned the bail application of businessman Joseph Ufoma, facing charges by the Economic and Financial Crimes Commission (EFCC) over a $1.5 million oil fraud, to today,  March 31, following his absence in court. Ufoma, who is being tried alongside Intermediate Investment Holdings Limited, faces a …

Nigeria’s power Generation Companies (Gencos) recorded a weak cash recovery in 2025, with only 39.25 per cent of their total invoices settled, as unfunded government subsidies ballooned to N1.85 trillion in one year, weighing heavily on the liquidity of the electricity market. Latest industry data showed that Gencos issued invoices …

A former acting Accountant-General of the Federation (AGoF), Chukwunyere Nwabuoku, has been handed down a jail term of eight years, over offences bordering on fraud and corruption. He was sentenced on Monday by Justice James Omotosho of the Federal High Court, Abuja, who found him guilty in all the nine …

Governor Seyi Makinde of Oyo State has approved N10,000 monthly transportation support allowance for civil servants in the state. Makinde announced this on Monday during the supervision of the YEAP-SAFER support disbursement and stakeholder engagement programme at the Fashola Agribusiness Hub in Oyo town. He said the initiative would be …

With attacks shifting decisively toward critical oil and gas infrastructure across the Gulf, the Iran war has entered a dangerous new phase, one that is already reverberating through global energy markets and military calculations. To this end, oil prices surged sharply yesterday, with Brent crude briefly climbing above $119 per …

Anambra State Governor, Prof. Chukwuma Soludo, has declared his support for the re-election of President Bola Ahmed Tinubu in the 2027 general election, stating that he has no regrets about his position. Soludo made the remarks during a television interview in Awka, where he described the president as a friend …

The Government of the Republic of Ghana has commended the Nigerian authorities, particularly Department of State Services (DSS), for rescuing 44 Ghanaian nationals from a criminal network involved in fraudulent recruitment schemes. In a statement issued on Saturday by Ghana’s Ministry of Foreign Affairs, the government confirmed that the victims …

Nigeria has canvassed deeper cooperation between African and Latin American nations, stressing that stronger partnerships among countries of the Global South are essential to navigating growing global uncertainty and building more balanced international relations. Speaking at the CELAC–Africa High-Level Forum in Bogotá, Columbia, Nigeria’s Minister of Foreign Affairs, Yusuf Maitama …

The Nigeria Police Force has clarified the concerns expressed by the Inspector-General of Police (IGP), Olatunji Disu, regarding the proliferation of tactical teams across the country. The clarification follows widespread reports in sections of the digital media suggesting that the IGP had ordered the immediate dissolution of multiple tactical units …