Author: Staff Reporter
UPDC Obtains Approval to Cure Free Float Deficiency in 2-Year Nigerian Exchange Regulator Limited has approved UPDC’s request for extension of time to achieve the required free float threshold within two years (2026-2028). In an official statement, the company told shareholders that the extension is to enable the Company to comply with Nigerian Exchange Limited’s free float requirements of 20% issued and fully paid share capital. The other option is for UPDC to meet N20 billion free-float market capitalization for companies listed on its Main Board and to ensure that the Company returns to compliance with its post-listing obligations. It…
The Lagos State government, on Tuesday, said it has commenced an improved justice administration system to reform the state’s Landlord-Tenant law, in a bid to encourage real estate business.
The Kogi Government and major financiers of the N50 billion international Airport and N31 billion international market on Tuesday, undertook an inspection of the sites for a timely start and completion. While the airport project is sited on 4, 000 Square Meter of land at Zariagi, the international market is sited on 400 x 400 square meter of land along Hassan Katsina Road, Lokoja. The government officials and financiers, who carried out the inspections included, MeAchem Enemaku, Director, Ministry of Transport, Mr Kamal Shuaib, Snr Analyst, One-17 Finance Services Limited, and Thanni Mustakeem, Head, Sharia Advisory Others are Amin Mohammed,…
Central Bank, NCAC, Others to Support ACFTA Fest The Central Bank of Nigeria (CBN), National Council for Arts and Culture (NCAC) and other stakeholders have pledged support for the 2026 African Continental Free Trade Area Festival (ACFTA Fest). They made the commitments at the official launch of the ACFTA Fest on Friday in Abuja. Dr Ifeoma Ezike, Assistant Director, Monetary Policy Department, CBN, expressed optimism about Nigeria’s growth potential and development, adding that Nigeria has the potential to be a great nation. “On behalf of the CBN, I congratulate the organisers, and I want to reiterate the unwavering support of…
U.S. Deploys Special Forces in Nigeria to Tackle Terrorism —AFRICOM The U.S. government says it has deepened its military partnership with Nigeria by deploying a special force team in the country to flush out terrorists. Gen. Dagvin Anderson, Commander of the United States Africa Command (AFRICOM) disclosed this during a digital news conference on Tuesday. He said the decision follows the talks he earlier held in Rome with President Bola Tinubu, who later approved the Christmas Day U.S. airstrikes against Islamic State (ISIS) terrorists in Nigeria. Anderson said that he and Tinubu had agreed that both countries needed to coordinate…
Sokoto Unravels N117bn Alleged Financial Infractions The Sokoto State Judicial Commission of Inquiry has unraveled about N117 billion allegedly mismanaged by the immediate past administration in the state. The commission’s Chairman, Justice Ma’azu Pindiga, disclosed this when he presented its fundings to Gov. Ahmad Aliyu on Tuesday in Sokoto. J Pindiga said the commission had received 31 memoranda from the public, private institutions and individuals on alleged different infractions between 2015 to 2023. He said the alleged infractions bordered disregard of procedures, non-compliance with laws and financial regulations as well as abuse of office by officials. He added that 241…
The naira recorded its largest daily gain since the beginning of the year at the Nigerian foreign exchange market on Tuesday, as US dollar supply eclipsed demand for foreign payments.
Tinubu Seeks Amendment to Federal High Court Act President Bola Tinubu has urged the Senate to amend the Federal High Court Act to increase the statutory number of Justices of the Federal High Court from 70 to 90. Tinubu’s request was contained in a letter conveying the amendment bill, addressed to the Senate president, Godswill Akpabio, and read at plenary on Tuesday. Tinubu said Section 1 (2) of the Federal High Court Act Cap F-12, Laws of the Federation of Nigeria 2004 originally provided for a maximum of 50 judges. He, however, said that the number was increased to 70…
Alleged Fraud: AGF Takes Over Mike Ozekhome’s Trial The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has formally taken over the prosecution of Mike Ozekhome SAN, in the alleged fraud charges brought against him by ICPC. Ozekhome was to be arraigned today by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in an Abuja high court, for alleged forgery in a UK property case When the matter was called, Dr Osuebeni Akpomesingha announced appearance for the prosecution. Kanu Agabi, SAN, a former AGF and Minister of Justice, and others announced their appearance for the…
The Nigerian Education Loan Fund (NELFUND) has debunked widespread reports suggesting that beneficiaries of the federal government’s student loan scheme