EFCC Files Charges Against ex-Port Harcourt, Warri Refinery MDs

The Economic and Financial Crimes Commission (EFCC) has filed money laundering charges against the immediate past Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Adamu Dikko, and his counterpart at the Warri Refining and Petrochemical Company (WRPC), Jimoh Olasunkanmi Yisawu. Newsextra24 understands that the charges are linked to …

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Court adjourns new suit seeking deregistration of NDC

The Federal High Court in Abuja on Monday adjourned a new suit seeking an order compelling the Independent National Electoral Commission (INEC) to deregister Nigeria Democratic Congress (NDC), until July 7 for hearing. Justice Mohammed Umar adjourned the case after counsel to the plaintiff, B.J. Akomolafe, sought an adjournment to …

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FEC approves $2.96bn, €200m, N215bn economic boost package

The Federal Executive Council (FEC) on Monday approved financing packages worth billions of dollars and naira. The funds are targeted at transportation, agriculture, power, infrastructure and micro, small and medium-sized enterprises. The approvals were announced by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele. Oyedele …

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FEC approves Gboko airstrip to boost security, emergency response

The Federal Executive Council (FEC), has approved the construction of an airstrip in Gboko, Benue, to strengthen security operations, humanitarian services and emergency response across the North-Central region. Mr Festus Keyamo, Minister of Aviation and Aerospace Development disclosed this on Monday while briefing State House correspondents, after the FEC meeting presided …

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MTN, Unilever, others drag equities market decline by N2.34trn

The Nigerian stock market opened the week on a bearish note, extending its losing streak as investors lost N2.341 trillion. Profit-taking in large- and mid-cap stocks, including Learn Africa, Unilever, MTN Nigeria, AustinLaz, Abbey Mortgage Bank, and 42 other equities, pushed the market into negative territory. Market capitalisation declined by …

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ECOWAS Court to go fully digital by 2030, says President

The ECOWAS Court of Justice says it aims to go fully digital by 2030 and become more accessible, efficient and be recognised as a benchmark among judicial institutions in the sub-region. President of the court, Justice Ricardo Gonçalves, made this known at the formal unveiling of court’s Electronic Case Management …

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