Local Business

Human Rights Lawyer, Femi Falana, has called on the Federal Government to propose a Money Bill to the National Assembly before the implementation of the increase in Value Added Tax.

The Federal High Court in Lagos has discharged its August 8, 2019 order, which empowered the Asset Management Corporation of Nigeria to take over an Ikoyi property of a former governor of Cross River State, Mr Donald Duke, over an alleged debt of N537,334,360.77. Justice Nicholas Oweibo discharged the takeover order on Wednesday after the parties presented him with their …

A suspect of cyber fraud, Oseghale Collins, was on Tuesday, August 20, 2019 arrested by operatives of the Economic and Financial Crimes Commission, EFCC, Benin Zonal Office at his hideout in Benin City, Edo State. Collins who specialises in Business Email Compromise, BEC, was arrested alongside two brothers, Stephen and Fred Emefiele, who are also alleged to be involved in …

The Federal Government has directed its Solicitor-General to appeal the ruling by Justice Butcher of the UK Commercial Court that an Irish company P&ID can seize Nigeria’s assets worth $9 billion.

The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares.

Gov. Dave Umahi of Ebonyi says that there is no plan to establish Ruga settlement in any part of the South-East and South-South zones of Nigeria.

The Presidency has frowned at what it called ‘recent unhelpful comments’ regarding the plan to stop roaming of cattle herders with the attendant clashes with farmers via the establishment of ‘Ruga Settlement’ across the country.

President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Officers and men of the Nigeria Police have taken over the head office of Oando PLC in Victoria Island Lagos.

After over a year of forensic audit, the Securities and Exchange Commission (SEC) has concluded investigation of Oando Plc and barred the Group Chief Executive Officer, Mr Wale Tinubu , from being a director of a public company  for five years.