▪︎ Restored to office▪︎ Awarded N5b in damages▪︎ Judgment voids all decisions by board since removal In a historic decision against a sitting President, Justice Inyang Ekwo of the Federal High Court on Tuesday voided the removal of Senator Ifeanyi Godwin Araraume as non-executive chairman of the Board of the Nigeruan National Petroleum Company Lmited…
ALAT by Wema, Africa’s first fully digital bank, is celebrating its sixth anniversary with the launch of “Sounds of ALAT,” a boot camp and creative workshop aimed at supporting young creatives in the entertainment industry in Nigeria. The event, which will run from May 1 to 5 at Wema Bank, Purple Academy, will equip participants…
The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed balances and other financial assets in financial institutions in the country. CBN defines a dormant account as a bank account that has remained inactive for…
Apple marketers in Kano State have expressed concern over what they term as the importation of bad apples into the country by some accredited importers, saying the situation, if not checked, spelled doom for innocent citizens as well as businesses nationwide. Speaking on behalf of the marketers to Daily Trust in Kano, the leader of…
The National Drug Law Enforcement Agency has arrested 352 suspects and seized 2.1 tonnes of illicit drugs in Kano State. The NDLEA Commander in the state, Mr Abubakar Idris-Ahmad, made the disclosure in an interview with the News Agency of Nigeria in Kano on Thursday. Idris-Ahmad said that the seizures and arrests were made between…
The National Agency for Food and Drug Administration and Control on Wednesday in Abuja sealed two shops for allegedly selling unapproved products to Nigerians. The shops are located in the Zuba Central motor park and Utako main market. The News Agency of Nigeria reports that some of the unregistered products said to be aphrodisiacs are:…
The Abuja Chamber of Commerce and Industry (ACCI) has lauded President Muhammadu Buhari (GCFR) and the 9th National Assembly for unbundling the transmission and distribution of electricity supply, by enabling the 36 States in Nigeria to generate, transmit and distribute electricity in areas covered by national grid. It could be recalled that in year 2021,…
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released in Abuja on Tuesday. It stated that the February 2023 price of N263.76 represented a…
The President of the Abuja Chamber of Commerce and Industry has reacted to the news that the Abuja Municipal Area Council (AMAC) intends to seal hotels over issues of tax evasion and the implication it would have on the hospital business. ACCI appreciates the support of AMAC to SMEs through the provision of infrastructure and…
Prof. Adesoji Adesugba, the Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) says Asiwaju Bola Ahmed Tinubu, winner of the country’s February 25 Presidential Election is an undisputed brainbox of modern Free Trade Zone in Nigeria. Adesugba, also, the Chief Executive Officer of NEPZA, made this remark in his congratulatory message to the…
