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 […]

The Nigeria Football Federation has appointed former Super Eagles winger Finidi George as the new head coach of the nation’s senior men’s national team. The announcement came in a statement on Monday, with the NFF Board approving the recommendation of its Technical and Development Committee to hand over the reins to the 52-year-old former Ajax […]

A Delta State High Court in Effurun has awarded N30 million damages against popular Nigerian blogger, Linda Ikeji, for a libellous publication against the Neo-Black Movement of Africa. The lawsuit had Registered Trustees of NBM of Africa, Ese Kakor, Felix Kupa and Mayor Onyebueke as the Claimants against Top Money Making Website dotifi.com start an online business for free and earn as Defendant. In a ruling […]

A Lagos High Court has ordered Air Peace to answer questions raised by the Foundation for Investigative Journalism on the libel suit filed by the firm on its aircraft operations from Lagos to Anambra State on October 12, 2022. In the suit number: LD/ADR/4833/23 – Air Peace v. Foundation for Investigative Journalism, Air Peace maintains […]