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FG Abolishes BEA Scholarships, Redirects Funds to Local Students

The Minister of Education, Dr. Tunji Alausa, has announced the termination of the Bilateral Education Agreement (BEA) scholarship programme, describing it as an inefficient use of public funds. Dr. Alausa made the announcement in Abuja on Tuesday during a courtesy visit by the newly elected leadership of the National Association of Nigerian Students (NANS). He […]

NNPCL Dismisses Bala Wunti, Top Officials Weeks After Kyari’s Departure

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed several top officials, just 27 days after the departure of its former Group Chief Executive Officer, Mele Kyari. Among those affected is Bala Wunti, Chief Upstream Investment Officer at NNPC Upstream Investment Services (NUIMS), which manages the Federal Government’s interests in the oil and gas upstream […]

Zenith Bank Pays ₦195.67bn Dividend, Assures Shareholders of Bigger Returns

Zenith Bank Plc has delighted shareholders with a total dividend payout of ₦195.67 billion for the 2024 financial year, reaffirming its reputation for consistent returns and robust financial performance. At its 34th Annual General Meeting (AGM), held on Tuesday, 29 April 2025 at the Civic Centre, Victoria Island, Lagos, shareholders approved a final dividend of […]

Delta Exodus: PDP Cries Foul, Vows Legal Fight for ‘Stolen Mandate’

The National Working Committee (NWC) of the Peoples Democratic Party (PDP) has resolved to initiate legal proceedings against Delta State Governor Sheriff Oborevwori and other key stakeholders who recently defected to the All Progressives Congress (APC). Following a marathon six-hour closed-door meeting at its national secretariat in Abuja on Tuesday, the PDP leadership instructed its […]

E-Money in EFCC Custody Over Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has arrested popular Nigerian socialite, Emeka Okonkwo, widely known as E-Money, over alleged abuse of the Naira and suspected money laundering. The arrest reportedly took place in the Omole area of Lagos State, with E-Money subsequently transferred to the EFCC headquarters in Abuja. Sources revealed that E-Money was […]

Doing Business Without CAC Registration? You Have Six Weeks to Comply

The Corporate Affairs Commission (CAC) has issued a six-week ultimatum to all unregistered businesses in Nigeria to complete their registration with the Commission or face legal consequences. This directive was contained in a public notice issued by the CAC on Tuesday, titled “PUBLIC NOTICE: CARRYING ON BUSINESS IN NIGERIA UNDER AN UNREGISTERED NAME OR ACRONYM.” […]

Court Grants FG’s Request for Screened Witnesses in Kanu Trial

The trial of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), resumed on Tuesday at the Federal High Court in Abuja. Presiding judge, Justice James Omotosho, granted the Federal Government’s request to allow witnesses to testify behind screens for security reasons. At the hearing, defence counsel Kanu Agabi informed the court that 22 […]

EFCC Nabs Aisha Achimugu Over Alleged N8.7bn Oil Deal Scam

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested businesswoman and socialite, Aisha Achimugu, at the Nnamdi Azikiwe International Airport, Abuja. Achimugu was apprehended around 5:00 a.m. on Tuesday upon her return from London. A senior EFCC official confirmed the arrest in a telephone conversation with Channels Television. The EFCC had declared Achimugu […]

Oborevwori Vows to Unite Delta State Party; Says Mass Defection is ‘Movement’

Delta State Governor, Sheriff Oborevwori, has described the recent mass defection of the state’s Peoples Democratic Party (PDP) leadership to the All Progressives Congress (APC) as a “movement”, rather than a mere political realignment. Speaking in Asaba on Monday, Oborevwori emphasised that the decision, taken after wide consultations at all levels, aimed at positioning Delta […]

Hidden in Bedspreads: How Customs Foiled a Foreign Currency Smuggling Plot

The Economic and Financial Crimes Commission (EFCC) has commenced investigations into foreign currencies seized by officers of the Nigeria Customs Service (NCS) at Mallam Aminu Kano International Airport. In a statement on Monday, the EFCC said its Kano Zonal Directorate was probing the seizure of $86,500, 305,150 Saudi Riyals, and €200 found concealed in an […]

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