News

United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time Danjuma’s net worth would be made public. Danjuma was mentioned in the Panama Papers in 2017 among prominent Nigerians that operated foreign accounts and …

The Chief Executive Officer of the Bank of Industry, Mr Olukayode Pitan, has said there exists a financing gap of about N1tn in the country every year. Pitan, while speaking at the Economic and Business Conference organised by Rand Merchant Bank in Lagos on Tuesday, noted that the BoI had …

The Court of Appeal Abuja division on Monday ordered President Muhammadu Buhari to respond within five days to the appeal filed against his qualification for the 2019 presidential election. The court also ordered the All Progressives  Congress (APC), and the Independent National Electoral Commission (INEC) to within five respond to …

Counsel to the Securities and Exchange Commission (SEC), Chief Anthony Idigbe (SAN), on Monday opposed an applicatio  seeking to join Oando Plc  in a suit filed its Group Chief Executive Officer, Mr Adewale Tinubu, and his deputy, Mr Omamofe Boyo. They duo are seeking  enforcement of their fundamental rights  before …

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged to reposition Nigerian banks through recapitalisation during his second term. Mr Emefiele made the promise in Abuja on Monday during a press briefing on his policy road map for the next five years as governor of the CBN. He …

Olu Onemola, the Special Assistant on New Media to the Senate President, Ahmed Lawan has resigned his appointment. Onemola, who worked for the immediate past Senate President, Bukola Saraki as SA on New Media resigned four days after he was reappointed by Lawan. In a letter addressed to Lawan, Onemola, who was …

In an effort to improve services as well as strengthen its collaboration with the general public towards crime reduction, the Nigeria Police Force (NPF) recently entered into a Public Private Partnership with Ace of Spades Consult Nigeria Limited (AoS) to Build Operate and Transfer (BOT) a purpose-built civil database and …

President Donald Trump said Saturday that the United States would impose “major” new sanctions on Iran in two days — a move sure to exacerbate tensions with the Islamic republic inflamed by the downing of a US spy plane. Trump tamped down the threat of military action on Friday, when …

*To meet Mike Pence, others Vice-President Yemi Osinbajo is visiting the United States of America, according to a statement released by the Presidency in Abuja. He left Abuja on Saturday. The statement, which was signed by the Senior Special Assistant to the President on Media and Publicity, Mr Laolu Akande, …

Germany became the first team to secure their place in the last eight of the Women’s World Cup after Lea Schueller’s late strike completed a hard-fought 3-0 win over underdogs Nigeria on Saturday. The two-time world champions had VAR to thank for their first two goals in a physical encounter …