Court Jails Ex-Convict, One Other For Hawking Naira Notes in Lagos

Justice Yellin Bogoro of the Federal High Court, sitting in Ikoyi, Lagos, on Friday, May 2, 2025, convicted and sentenced Folake Adeoti and Modupe Adewuyi to one year imprisonment, each for hawking Naira notes. They were arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos on a separate one-count charge, bordering on illegal hawking of…

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Tinubu cheers NGX’s ₦100trn boom, calls for greater local investment

President Bola Tinubu has commended corporate Nigeria, citizens, and capital market stakeholders for propelling the Nigerian Exchange, NGX, surpassing the historic ₦100 trillion market capitalization milestone. The President described this achievement as a powerful inspiration for investors in the money and capital markets. President Tinubu in a statement by his spokesman, Bayo Onanuga, called on…

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New Customs Licensing Fee Hikes Threaten N3.5 Trillion Maritime Investments

The Nigeria Customs Service (NCS) has proposed sweeping increases to licensing and bond fees for clearing agents, bonded warehouses, and ship chandlers—a move that industry insiders warn could undermine ₦3.5 trillion in indigenous bonded-terminal investments and put 14,000 jobs at risk. In Lagos and Ogun states, roughly 40 bonded terminals, each employing an average of…

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Peter Obi Joins Occupy National Assembly Protest Over E-Transmission Of Election Results

The 2023 presidential candidate of the Labour Party, Peter Obi, on Monday joined the Occupy National Assembly protest in Abuja. The protest follows the Senate’s passage of the Electoral Act 2022 (Repeal and Reenactment) Amendment Bill 2026 through the third reading, in which the lawmakers removed the phrase “real-time” transmission of election results. Although the…

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May Day: Rivers NLC Calls For Sober Reflection On Workers’ Plight, Reinstatement Of Fubara

Barikui Felix As the world celebrates Workers’ Day today, the Nigeria Labour Congress (NLC) Chairman in Rivers State, Comrade Alex Ikechi Agwanwor, has called for a sober reflection on the plight of workers in the country.  Speaking on Workers’ Day at the NLC secretariat in Port Harcourt, Agwanwor lamented the economic hardship Nigerian workers face,…

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