The naira weakened some 5.8 percent to N381 per dollar at the official market, Tuesday, as the Central Bank of Nigeria (CBN) took yet another step towards a convergence of its multiple exchange rates. The official rate which had been at N360/$ since March was quoted at […]

      As part of post COVID-19 intervention, the Minister of Mines and Steel Development, Mr. Olamilenka Adegbite, yesterday in Abuja disclosed that the federal government has earmarked the sum of N600 billion out of N2.3 trillion to be release by the government to ministries to cushion the effect […]

      The federal government Thursday said that the mechanism of a plea bargain if well deployed is capable of fast-tracking the return of stolen assets to the nation.   Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice, Mr. Dayo Apata (SAN), who described plea bargaining as […]

  The Chief Judge (CJ) of the Federal Capital Territory (FCT) High Court, Justice Ishaq Bello has identified paucity of fund as one of the major challenges that hamper justice delivery in the country.   Justice Bello who stated this in an interview on ARISE NEWS Channel, a sister broadcast […]

      The ECOWAS Court of Justice on Wednesday, dismissed a suit by Obinna Umeh and three others, challenging the laws of the Federal Republic of Nigeria which bars independent candidacy in election contests.   A three-member panel of justices presided by the court’s President, Justice Edward Asante, held […]

      A London Commer­cial High Court has reserved July 13 and 14 for hearing a suit to determine whether Nigeria can challenge the $9.7 billion award granted by a London Arbitral Tri­bunal in favour of Process and Industrial Development (P&ID) against the Federal Government.   The suit had […]

      …₦66bn stamp duties remitted to federation between Jan and May …FIRS to go after MDAs keeping stamp duties   The Federal Government has charged the Federal Inland Revenue Service (FIRS) to ensure it recovers all stamp duties collected on behalf of the Federal Government but yet to […]

      *Forex scarcity hampering deregulation, says PPPRA   The federal government Sunday indicated that it is working to review the current pricing template for petrol which was last adjusted four years ago, in order to reduce the alleged exploitation of Nigerians by the operators in the downstream sector. […]

      The International Monetary Fund (IMF) has downgraded Nigerian’s economic outlook or GDP in the 2020 fiscal period to -5.4 percent. The IMF in April 2020 had predicted a – 3.4 per cent decline in GDP.   The IMF however said Nigeria’s economy will see a rebound of […]

      President of the ECOWAS Court, Justice Edward Asante has said that the lack of political will on the part of member states to enforce its judgment was limiting its effectiveness. Briefing reporters during a virtual news conference yesterday, Asante said aspect of enforcing judgments of the court […]