In a historic breakthrough, the United Kingdom and India have concluded a major free trade agreement, marking one of Britain’s most significant trade deals since Brexit. Finalized on Tuesday, the deal was shaped amid growing global trade tensions, particularly following tariff hikes under former U.S. President Donald Trump. This new UK-India free trade pact, years…
Doctors under the Association of Resident Doctors (ARD), Federal Capital Territory (FCT), have commenced a three-day warning strike starting Tuesday, May 6, 2025, in response to the unlawful dismissal of 127 health workers. This decision was reached following an emergency congress held on Monday at the Asokoro District Hospital, Abuja. Speaking to journalists, the FCT…
Massive Corruption Uncovered in Port Harcourt, Warri, Kaduna Refineries’ Rehabilitation Funds The Economic and Financial Crimes Commission (EFCC) has launched a major corruption investigation into Nigeria’s multi-billion-dollar refinery rehabilitation projects. Recent findings reveal that over $2.9 billion earmarked for the revamp of the Port Harcourt, Warri, and Kaduna refineries may have been mismanaged, with N80…
The Federal High Court in Abuja dismissed a request to stop the Central Bank of Nigeria (CBN) from using the e-Naira trademark, ruling in favor of the apex bank in a legal dispute with E-Naira Payment Solutions Limited. Justice James Omotosho, in his ruling, declined to grant an interim injunction that would have restrained the…
Guaranty Trust Bank (GTBank) has announced a revision in its SMS transaction alert fee, increasing the charge from ₦4 to ₦6 per message. The new rate will take effect from Thursday, May 1, 2025. In an official message sent to customers on Wednesday, the bank stated: “Dear valued customer, please be informed that effective Thursday,…
In a sweeping overhaul of its leadership structure, the Nigerian National Petroleum Company Limited (NNPC Ltd) has sacked the Managing Directors of its three major refineries, including those in Port Harcourt, Warri, and Kaduna. The move, confirmed by multiple credible sources within NNPC, is part of a broader restructuring effort spearheaded by the company’s new…
Access Bank has issued an official statement in response to serious allegations that a former Contact Centre agent secretly filmed female colleagues without their consent. In a release shared on Monday, the bank confirmed that the matter has been handed over to the appropriate authorities and assured the public of its full cooperation with ongoing…
The Nigeria Deposit Insurance Corporation (NDIC) has officially begun the payment of N46.6 billion in liquidation dividends to depositors of the now-defunct Heritage Bank. This announcement was made on Sunday in a statement by Hawwau Gambo, the Acting Head of Communication and Public Affairs at NDIC. Gambo explained that the funds were generated from the…
The Socio-Economic Rights and Accountability Project (SERAP) has called on Meta CEO Mark Zuckerberg to immediately pay the $220 million fine imposed by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC), recently upheld by the Competition and Consumer Protection Tribunal. In a letter signed by SERAP’s Deputy Director, Kolawole Oluwadare, the organization urged Meta Platforms…
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has warned that fuel importers in Nigeria may soon be pushed out of business if they fail to adapt to the growing trend of local crude oil refining. This comes as the Federal Government reinstated the naira-for-crude oil deal, despite opposition from the Depot and Petroleum…
