Wednesday, October 29, 2025

 

Business

Ponzi Scheme: Court Seizes N6.6bn Livingtrust Shares, N42.4m Linked To Cititrust

Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of 2,041,087,747 units of shares in Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6,674,356,932.69. The court...

US Criticises Nigeria’s Import Ban On Agricultural, Pharmaceutical Goods …… F G Allays Fears Over 14 Percent Trump Trade Tariff

The United States Trade Representative on Monday, criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters. This came shortly after President Donald Trump introduced tariffs on goods entering the US,...

P-CNGi, LNG Arete Ltd. sign $27.3 million agreement to boost CNG infrastructure in Northern Nigeria

The Presidential Compressed Natural Gas Initiative (P-CNGi) and LNG Arete Ltd. have signed a Memorandum of Understanding (MoU) for a $27.3 million gas plant project aimed at expanding Compressed Natural Gas (CNG) infrastructure across Northern Nigeria. This collaboration, signed...

FG Unveils Strategies To Boost Cocoa Production

The Federal Government said on Thursday that it has mapped out strategies to revitalise and enhance the production of cocoa in all areas of its value chain. It said it took the step following a decline in the cocoa production...

ECOWAS To Meet Over Tariff Imposed By Niger, B’Faso, Mali

The Economic Community of West African States is set to hold a meeting later this month to address the 0.5 per cent import levy recently imposed by the Alliance of Sahel States on goods from ECOWAS member nations. The Head...

Dassault Aviation Plans MRO Facility at Gateway International Airport

L-R: Florent Venturini, Dassault Aviation Sales Director; Isabelle Villet, Sales Manager and the Ogun State Governor, Prince Dapo Abiodun, during a recent visit to the Oke-Mosan office of the governor to discuss plans by Dassault to establish Maintenance, Repair...

Nigeria, Briech UAS Collaboration Produces First Made – Nigeria Drones Armed With Bombs, Missiles

The Nigerian government in partnership with Briech UAS has unveiled the first indigenously manufactured attack drones with bombs and missiles. The collaboration is between the Nigerian military and Briech which led to the successful demonstration of the attack drone and...

Tinubu Sacks NNPCL Boss Kyari, Names Ojulari As GMD

Mele kyari and Bashir Ojulari In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari. Consequently, the President appointed Bashir Ojulari as...

Firm Donates 5-Megawatt Electricity Project To Ondo

In a move aimed at ensuring stable electric power supply in Ondo State, an energy firm, Lincs Power Energy Solutions, in partnership with the state government, has donated a 5-megawatt power project to Ondo town. It was gathered that...

Eid-il-Fitr: Abiodun Felicitates Muslims

Ogun State Governor, Prince Dapo Abiodun, has felicitated Muslim faithful on the conclusion of this year's Ramadan, saying that the period has enriched the country spiritually. Abiodun, who commended Muslim faithful for committing the country into the hands of Almighty...
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Latest News

Court Begins Trial Of Clearing Agent Over Unlawful Importation Of  Hard Drug

A Federal  High Court, Lagos presided over by Justice Yelin Bogoro today commenced the trial of a clearing and...
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Drug Trafficking : Court Forfeits Lagos Property To Federal Government

Justice Alexander Owoeye of the Federal High Court, Lagos,  today granted an order for the final forfeiture  of a Lagos  property and other items...

Ten People Faces  Trial In France For  Cyberbullying President  Macron’s Wife

French President Emmanuel Macron and first lady  Brigitte Macron Ten people went on trial in Paris Monday accused of the online harassment of French first...

Dangote Begins Refinery Expansion To 1.4mbpd

The Dangote Refinery has announced the expansion of the facility from 650,000 barrels per day to 1.4 million bpd. The President of the Dangote Group,...

NDLEA Raids Lagos Nightclub, Arrests Pretty Mike, Over 100 Others

Pretty Mike     The National Drug Law Enforcement Agency has arrested Lagos socialite and nightclub owner, Mike Eze Nwalie Nwogu, popularly known as Pretty Mike, alongside...