*Emefiele hails court order, says it will boost reserves     Nigeria yesterday recorded another victory in its ongoing legal tussle with the Process & Industrial Development (P&ID) Limited as a London Commercial Court ordered the release of the $200 million guarantee for the stay of execution […]

      Nine cases have been listed for judgment by the ECOWAS Court between the 7th and 28th October 2020 following the resumption of court sessions after the two-month vacation of the judges of the Court.     The cases are part of the 19 cases filed against eight […]

      Nigerian National Petroleum Corporation (NNPC) would in the first quarter of 2021 unveil the list of successful bidders among the 78 companies that submitted bids to rehabilitate its critical downstream pipelines, associated depots and terminal infrastructure.     The corporation, in a statement issued yesterday in Abuja, […]

      …all agreements to approved by NASS before implementation   Worried by the draconian clauses discovered in the Chinese loan agreements, especially those ceding sovereignty of the country, the House of Representatives has commenced moves to subject all agreements entered into by the Nigerian government with foreign countries […]

      The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday tasked the banking sector to consider an increase in the percentage of loans to the agriculture sector from the current four per cent to 10 per cent by 2024.   This is coming as […]

      A judge of the ECOWAS Court of Justice, Justice Dupe Atoki has expressed concern at the ‘unsatisfactory’ level of enforcement of the decisions of the Court by Member States which stood at 34 per cent and suggested the involvement of political actors in the enforcement process in […]

        Nigeria’s Securities and Exchange Commission (SEC) on Monday announced that it would begin to regulate digital currencies and crypto-based companies.   A statement by SEC said the general objective of regulation is not to hinder technology or stifle innovation but to create standards that encourage ethical […]

      Vice President, Prof. Yemi Osinbajo, has highlighted the dangers and benefits of Africa Continental Free Trade Area, AfCFTA.   He noted that one of the many ways by which the continent can maximize its benefits is to ensure that trade negotiations with the rest of the world […]

      Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami (SAN), has denied an alleged federal government’s involvement in an OPL 245 asset recovery deal entered with Drumcliffe, a United States firm.   Drumcliffe, which serves as the litigation funder, established Poplar Falls LLC, a […]

      The West African regional body, the Economic Community of West African States (ECOWAS) has postponed the launch of it planned single currency “ECO”, The regional body said a new date for the launch will be announced at a later date.   The news of the postponement was […]