Crime Facts

Alleged N69.4bn Debt: Jimoh Ibrahim, NICON Lose Appeals Against AMCON

The Court of Appeal, Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Mr Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt. AMCON’s Head of Corporate Communications Department, Jude Nwauzor, disclosed this in […]

Emirates To Suspend Nigeria Flights From December 13

Emirates Airline on Friday said it was suspending all its flights between Nigeria and Dubai from December 13. The airline’s decision comes after the Nigerian Civil Aviation Authority (NCAA) limited its flight activities in Nigeria. The NCAA had accused UAE authorities of not granting equal rights to the sole Nigerian carrier, Air Peace, flying to […]

Buhari writes Senate, seeks passage of Finance Bill 2021

PRESIDENT Muhammadu Buhari has written the Senate, seeking the consideration and subsequent passage of the 2021 Finance bill that will guide the implementation of the 2022 appropriation. In a letter addressed to the President of the Senate, Senator Ahmad Lawan and read during plenary on Tuesday, President Buhari said that the bill when passed will […]

Nigeria’s imports rise to N8.2tn in Q3 – NBS

The National Bureau of Statistics on Monday disclosed that total foreign trade in Nigeria rose to N13.3 trillion in the third quarter of the year. The N13.3 trillion trade comprises N8.2 trillion imports and N5.1 trillion exports, resulting in a trade deficit of N3.03 trillion. The figures were disclosed by the Statistician-General of the Federation, […]

Court dismisses CAN’s suit challenging FG over CAMA

A federal high court sitting in Abuja has dismissed a suit filed by the Christian Association of Nigeria (CAN) against the Corporate Affairs Commission (CAC) and the minister of industry, trade and investment over the Company and Allied Matters Act (CAMA) 2020. President Muhammadu Buhari had, on August 7, signed CAMA into law. The law […]

MTN Nigeria launches N97.2b public offer

Nigeria’s largest telecommunications company, MTN Nigeria Communications (MTN Nigeria) Plc will tomorrow open application list for its public offering of 575 million ordinary shares to the general retail investing public at a price of N169 per share. The offer period ends on December 14, 2021. Minimum subscription is 20 shares and thereafter in multiples of […]

South-East traders reject new increment in Customs import duty

The South-East Amalgamated Markets Traders Association (SEAMATA), has criticised and rejected the recent “astronomical and indiscriminate” increment in the import duty on cargoes charged by Nigerian Customs. SEAMATA is the umbrella union of traders in all the markets in the South-East Geo-political Zone and traders of South-East extraction doing business across the states in the […]