Anambra firm denies toxic pollution in host community

Ministry of Environment set to commence investigations Okey Maduforo, Awka Seaman Industries owners of Seaman Rice Mill Ndam village Nnobi in Idemili South local government area of Anambra state has dismissed claims... Read more »

EFCC raids speculators as naira drops to 1,520/$

Operatives of the Economic Financial Crimes Commission, on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt. This came as the naira weakened... Read more »

PHOTOS: Nigerian ‘Prison’ Service hotel

By Hannah Johnson The Nigerian Correctional Service on Monday shared photos of the Nigerian Correctional Service Hotel (COCOS) on its official Facebook page. According to the service, the Nigerian Correctional Service Staff Cooperative Society acquired... Read more »

Bank chiefs obtain N549bn insider loans in five years

By Damilola Aina, Oluwakemi Abimbola Directors and key management personnel of Deposit Money Banks borrowed about N549bn from their financial institutions in five years. This is according to The PUNCH analysis of... Read more »

Naira depreciates further as dollar sales to BDCs wobble

•Speculation, hoarding reemerges •Push Naira to N1,450/$ in parallel market By Babajide Komolafe The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the re-emergence... Read more »

CAC registration: Police to go after illegal PoS operators

Damilola Aina and Josephine Ogundeji The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It... Read more »

Police probe E-Money over N1.2bn dispute with Lagos firm

Deji Lambo The Chief Executive Officer, Emy Cargo and Shipping Services Limited, Emeka Okonkwo, aka E-Money is under investigation at the Force Criminal Investigation Department Annex, Alagbon, over alleged N1, 209,200,000 dispute... Read more »

Air Peace, seven countries to revive bankrupt Caribbean airline 

Olasunkanmi Akinlotan Air Peace, a private Nigerian airline, and the governments of Antigua and Barbuda, Barbados, Dominica, Grenada, and St Vincent and the Grenadines have concluded plans to revive a longtime regional... Read more »

Shell paid over $1bn tax to FG in 2023

By Dare Olawin Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company... Read more »

Five levies Nigerians pay for electronic transactions

By Adekunle Sulaimon The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that... Read more »