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Court overrules NAICOM on new capital base for insurance firms

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The Federal High Court in Lagos has told the National Insurance Commission (NAICOM) to halt the increment in the statutory minimum solvency capital policy...

N1.2bn fraud: Court remands ponzi operator till Sept 30

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A ponzi scheme operator, Michael Ukiye Diongoli, who is being tried for allegedly defrauding his victims of N1,286,580,656, has been remanded till September 30. Justice...

Surgery: Osinbajo is undergoing physiotherapy – Doctors

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Vice President Yemi Osinbajo is making good and steady progress, doctors in charge of the vice president’s care at the Duchess International Hospital, Ikeja,...

$3.5m scam: EFCC extradites Internet fraud suspect to U.S.

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A wire fraud suspect, Fatade Idowu Olamilekan on wanted list of the Federal Bureau of Investigation (FBI) has been extradited to the United States. Olamilekan,...

Heritage Oil appoints Ado Oseragbaje new CEO

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Heritage Oil Limited (HOL) has appointed Adogbeji Oseragbaje as its new Chief Executive Office. The appointment took effect from 14th July. The oil firm said Ado...

NERC: 57% electricity consumers on estimated billing

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The Nigerian Electricity Regulatory Commission (NERC) has disclosed that 57.07 per cent of electricity consumers in the country were still on estimated billing as at...

30-month salary arrears: NBTE withdraws Abia Poly accreditation

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For its default in the payment of staff salaries and allowances for over 30 months, the National Board for Technical Education (NBTE) has withdrawn...

NNPC plans 1,000 fuel retail outlets in six months

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The Nigerian National Petroleum Company Limited (NNPC Limited) is poised to grow its fuel retail presence from 547 to over 1,500 outlets within the...

Buhari unveils Africa’s largest oil coy, tasks NNPCL on value delivery

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President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited). The President affirmed that the company is mandated by law...

October 15 handover: Fayemi sacks political aides

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Ahead of his October 15 exit from Ekiti government, Governor Kayode Fayemi has terminated the appointment of his political aides with effect from July...