Nigeria to Produce 4,000 metric tonnes of Lithium per day – V-P Nigeria is poised to produce 4,000 tonnes of lithium per day, Vice-President Kashim Shettima, said on Monday in Abuja. Declaring open a two-day roundtable on Sustainable Development of Nigeria’s Mining Sector, Shettima said President Bola Tinubu would soon inaugurate Nigeria`s largest lithium factory […]

The Nigerian Electricity Regulatory Commission (NERC) has adjusted the price of a single phase meter from N58,661.69 to N81,975.16. It also adjusted the price of three phase meter from N109,684.36 to N143,836.10. The adjustments were contained in the ORDER NO: NERC/2024/040 that the commission’s Chairman, Engr. Sanusi Garba and Commissioner Legal and Licensing Compliance, Barrister […]

Justice Emeka Nwite of the Federal High Court in Abuja has issued an interim order empowering the Economic and Financial Crimes Commission (EFCC) to freeze about 1,146 bank accounts belonging to individuals and companies. The EFCC claimed it was investigating the affected accounts over allegations of unauthorised dealing in foreign exchange, money laundering and terrorism […]

The Central Bank of Nigeria (CBN) has directed four fintech companies—OPay, Palmpay, Kuda Bank, and Moniepoint—to stop onboarding new customers until further notice. This directive comes in the wake of allegations linking these fintechs to accounts involved in illicit foreign exchange transactions. The order follows the Economic and Financial Crimes Commission’s (EFCC) recent blocking of […]

Justice Akintayo Aluko of a Federal High Court sitting in Lagos, has ordered that the sum of N2.5 million, which became a subject of controversy between a drug convict and the National Drug Law Enforcement Agency (NDLEA), be forfeited to the Nigerian government. The convict, Fatimah Hassan, through her lawyer, Oke Ojakovo, had informed the […]