Okechuckwu Valentine Osuji, 39, a Nigerian national, was sentenced yesterday in New Haven, Connecticut, to eight years in prison for operating a business email compromise scheme out of multiple countries, including the United States. According to court documents and statements made in court, Osuji and his co-conspirators targeted specific individuals and businesses by masquerading as…
President Bola Ahmed Tinubu has directed the Nigerian Consumer Credit Corporation (CREDICORP) to facilitate the return of Peugeot Automobile and Dunlop Tyres to Nigeria as part of the country’s efforts to introduce credit facilities for purchasing new cars. This move is part of Nigeria’s broader plan to become one of the nations offering consumer credit…
President Bola Ahmed Tinubu has directed the Nigerian Consumer Credit Corporation (CREDICORP) to facilitate the return of Peugeot Automobile and Dunlop Tyres to Nigeria as part of the country’s efforts to introduce credit facilities for purchasing new cars. This move is part of Nigeria’s broader plan to become one of the nations offering consumer credit…
The Naira has appreciated to N1,555 per dollar in the parallel market from N1,685 per dollar on Thursday. Similarly, the Naira appreciated to N1,535 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate…
The human rights activist Mr. Dele Farotimi, the right has been slammed with a fresh 12-count charge bordering on alleged false information to cause a breakdown of law and order. This comes as lawyers to the Senior Advocate of Nigeria (SAN), Chief Afe Babalola, urged Farotimi to prove his allegations against legal luminary. The charge…
The Petroleum Products Retail Outlet Owners Association of Nigeria has collaborated with Dangote Refinery and Petrochemicals to maintain a steady supply of Premium Motor Spirit throughout the festive season and beyond. In a statement issued on Friday in Abuja by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, the association highlighted the outcomes of a…
Popular Islamic scholar and renowned preacher, Sheikh Muhydeen Ajani Bello, has passed away at the age of 84 years. Sheikh Akewugbagold Taofeek, an Ibadan-based cleric, disclosed the demise of the fearless Oyo state-born preacher in a Facebook post on Friday. According to Akewugbagold, the renowned preacher returned to his creator on Friday, praying that…
The Police Service Commission has taken decisive action against misconduct within the force, dismissing 18 senior officers and demoting 19 others. This was disclosed on Friday in a statement by the Head of Press and Public Relations, Ikechukwu Ani. The PSC Chairman, DIG Hashimu Argungu, emphasized that all officers must adhere strictly to established rules…
The Naira recorded a significant appreciation against the dollar in the official foreign exchange market on Thursday. Data from the Nigerian Foreign Exchange Market revealed that the currency strengthened to N1,567 per dollar, improving from N1,608 on Wednesday. This marks a N41 gain in value compared to the previous official exchange rate of N1,608 per…
The Special Adviser on Information and Strategy to President Bola Tinubu, Mr. Bayo Onanuga, has provided updates on the progress of operations at the Port Harcourt Refining Company in Rivers State. According to him, the 150,000 barrels per day plant is undergoing significant work, while the 60,000bpd refinery currently operates at 70 percent of its…
