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NSE: Capitalisation gains N229 billion, fueled by 2018 earnings

The indices of the Nigerian Stock Exchange maintained a positive trend on Thursday with the market capitalisation gaining N229 billion in one day, ahead of 2018 earnings season.
Nigerian Stock Exchange NSE

NSE sustains positive outlook, indices up 1.41 parcent

Trading activities on the Nigerian Stock Exchange (NSE) remained positive on Friday, with Total Oil leading the gainers’ table for the day.

Court remands teenager for stealing N1.3 million from visually impaired man

A Chief Magistrates’ Court in Yaba, Lagos, on Wednesday remanded a 17-year-old boy in a juvenile home for allegedly stealing an Automated Teller Machine (ATM) card belonging to his visually impaired neighbour and withdrawing N1.3 million from the neighbour’s account.

Vice-chancellor tasks federal government on ASUU’s demands

The Vice-Chancellor of Kwara State University (KWASU) Malete, Professor Abdulrasheed Na’Allah, has called on the federal government to find lasting solution to the demands of the Academic Staff Union of Universities (ASUU) to avoid incessant strikes in the country’s universities.

Femi Falana writes AGF, seeks power to prosecute seven over alleged N170 million fraud

A senior lawyer, Femi Falana, has written the Attorney-General of the Federation, Abubakar Malami, seeking powers to prosecute Company Secretary/Legal Adviser, Zinox Group and Technology Distributions Limited (TD), Chris Eze Ozims, along with six others, for alleged fraud.
Innocent Chukwuma Innoson

Innoson’s Innocent Chukwuma loses bid to stop alleged forgery trial

Justice Ayotunde Faji of the Federal High Court, Lagos, yesterday, fixed December 7, for hearing of a motion seeking the issuance of bench warrant against the founder of Innoson Motors Nigeria Limited, Mr. Innocent Chukwuma and four others for their refusal to appear before the court for arraignment over alleged forgery .
Nigeria Stock Exchange

Financial expert foresees stock market rebounding after 2019 polls

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.

Interswitch, Microsoft, partner to pioneer Blockchain Technology in Nigeria

Interswitch Group, a Pan-African integrated digital payments and commerce company, in partnership with Microsoft, has announced the launch of its innovative blockchain-based supply chain financing service.
Innocent Chukwuma Innoson

Innoson Group alleges attempt on lawyer’s life

McCarthy Mbadugha was hospitalised after being brutalised at his residence in Lekki, a plush neighbourhood in the country’s commercial capital, Innoson said.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Three suspected fraudsters forfeit N88.8 million to federal government

Justice Saliu Saidu of the Federal High Court, Lagos, on Wednesday, ordered that the total sum of N88 million link to three suspected fraudsters, be temporary forfeited to the Federal Government.
Innocent Chukwuma Innoson

Court strikes out EFCC’s suit against Innoson’s Innocent Chukwuma

A Lagos State High Court yesterday struck out the fraud case filed by the Economic and Financial Crimes Commission (EFCC) against Innocent Chukwuma, the founder of Innoson Motors Limited.
Simon Kolawole

The scariest thing about Nigeria

We see different things even when we are looking at the same picture. When CBN asked MTN to return the $8.1 billion dividends it “illegally” repatriated between 2007 and 2015, I was not thinking about MTN or CBN. Rather, my mind was on Econet, the ancestor of Airtel.

Visa racketeer Giwa Sulaimon convicted for forgery

The Independent Corrupt Practices and Other Related Offences Commission, (ICPC), said it has secured a conviction against another visa racketeer, Giwa Sulaimon, who was earlier arraigned for forgery and making false statements.

EFCC probes Governor Ortom over alleged N22 billion fraud

The Economic and Financial Crimes Commission (EFCC) is investigating Samuel Ortom, governor of Benue, over the alleged diversion of N22 billion.
Innocent Chukwuma Innoson

Innoson challenges Appeal Court’s ruling allowing GTBank’s motion

The Chairman/Managing Director of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma, has headed for the Supreme Court Monday to challenge last Friday’s ruling of the Enugu Division of the Court of Appeal, which allowed the Guaranty Trust Bank (GTB) to amend its Notice of Appeal in their lingering legal dispute.
Innocent Chukwuma Innoson

Forgery: Judge orders EFCC to produce Innosson Motors boss in court

Justice Olusola Williams of a Lagos Special Offences Court, Ikeja Lagos on Wednesday asked the Economic and Financial Crimes Commission, EFCC, to produce the chairman of Innosson Motors Limited, Innocent Chukwuma, in court for arraignment.

Judge’s withdrawal stalls Innoson’s arraignment

The scheduled arraignment on Friday of Innocent Chukwuma, known popularly as Innoson, at an Ikeja Special Offences Court has suffered a setback, following the withdrawal of Justice Mojisola Dada from the case.

Appeal court reserves ruling in Innoson, GTBank case

The Court of Appeal sitting in Enugu has adjourned till a date yet to be determined, its ruling on the applications brought before it by Innoson Group and Guaranty Trust Bank.

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The draw cards prior to the Europa League last draw at the UEFA headquarters in Nyon. Harold Cunningham - UEFA-UEFA via Getty Images

Europa League last-16 draw: Chelsea face Kiev trip, Arsenal meet Rennes

Chelsea will play Dynamo Kiev in the last 16 of the Europa League, while Arsenal have been paired with Ligue 1 side Rennes.

Kaduna killings: Fulani groups insist 131 members killed, make list public

Groups of Fulani organisations, on Friday insisted that the casualties figure given by Governor Nasir El-Rufai on the recent killings in Kajuru Local Government Area of Kaduna State was not correct.

Two killed, 20 vehicles burnt in Kano political violence

The Kano State Police Command has confirmed the death of two persons during Thursday’s clash between supporters of People’s Democratic Party (PDP) and the All Progressives Congress (APC) at Kofa in Bebeji Local Government Area of Kano State.
Muhammadu Buhari

President Buhari: Allegations of Islamisation dangerous, ungodly

President Muhammadu Buhari has described allegations that he was planning to Islamize Nigeria as dangerous, deceptive and ungodly.

Russia accuse US of planning to arm opposition in Venezuela

Russia’s Ministry of Foreign Affairs on Friday accused the United States and its NATO allies of discussing how to arm the opposition in Venezuela.