A Lagos court has recently convicted two companies for unlawfully collecting the sum of N80 million from unsuspecting investors within the state. The judgment follows an investigation that revealed these firms engaged in fraudulent schemes, misleading investors with false promises and operating without the necessary regulatory approvals. The court’s decision sends a strong message against
The Nigeria Labour Congress (NLC) has declared an indefinite strike in Ogun State, citing unresolved issues surrounding the contributory pension scheme and the minimum wage as key triggers for the industrial action. The decision, announced on Monday, follows prolonged negotiations with state government officials that reportedly failed to meet workers’ demands. According to NLC leaders,
Nigeria’s insurance sector is currently witnessing an unprecedented surge in the performance of its publicly listed companies, marking the best run in several years. This positive trend is driven by several key factors, including increased investor confidence, improved regulatory frameworks, and a growing demand for insurance products amid economic recovery. Market analysts attribute the upswing
In a significant legal development, MultiChoice Nigeria and the Federal Competition and Consumer Protection Commission (FCCPC) have jointly approached the Appeal Court to resolve the ongoing dispute surrounding the recent price hikes on DSTV and GOTV subscription packages. This move comes after regulatory interventions and public outcry over the increased fees for satellite TV services
Reliable sources have confirmed that the body of Nigeria’s former President, Muhammadu Buhari, is currently on board a flight expected to depart London for his hometown, Daura, in Katsina State, before 9 a.m. local time . The former leader, who passed away in the United Kingdom, is being flown back to Nigeria in accordance with
The United States government has issued a stern warning to Nigerian nationals, cautioning them against exceeding the duration permitted on their visas. The US authorities stressed that overstaying a visa could lead to deportation and a possible permanent ban from entering the country in the future. This warning comes in the wake of a series
The Nigerian naira recorded marginal appreciation on Monday, trading at ₦1,545 per US dollar in the parallel market, an improvement from the ₦1,550 it exchanged for at the close of last weekend. The currency also showed a modest gain in the Nigerian Foreign Exchange Market (NFEM), reflecting improved sentiment and slight pressure relief in the
The National Association of Nigerian Students (NANS), Joint Campus Council (JCC), Lagos State Axis, has strongly criticised the University of Ibadan management following the suspension of three students for their involvement in a peaceful protest, describing the institution’s action as a brazen attack on democratic expression and student rights. The affected students, Aduwo Ayodele, Nice
President Bola Ahmed Tinubu has reaffirmed that the decision to remove fuel subsidy on the very day of his inauguration was a painful but necessary action aimed at steering the Nigerian economy away from the brink of collapse. The president, through the Minister of Information and National Orientation, Mohammed Idris Malagi, emphasized the rationale behind
The final rites of passage for the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, were marked by brief tension on Monday as soldiers reportedly barred traditionalists, believed to be members of the Osugbo cult—from participating in the monarch’s funeral, which was conducted according to Islamic customs in Ijebu Ode, Ogun State. Eyewitnesses at the
