Justice Mohammed Umar of the Federal High Court, Abuja, on Monday, fixed October 6 for hearing of a suit by former Minister of Petroleum Resources, Diezani Allison-Madueke, challenging forfeiture of her assets to the Federal Government. At the proceeding, Alison-Madueke’s lawyer, Mr. Godwin Inyinbor, told the court that the case was for hearing but that…
“We remain bullish on consumer discretionary because ek lakh crore ka tax rebate has come into play and that is recurring every. Thereafter, there is EMI burden reduction, thanks to 1% interest rate reduction, and finally somewhere towards 2027 beginning we should see 8th pay commission coming into play putting money in the pockets of…
By Gift ChapiOdekina Abuja-The House of Representatives yesterday called for an immediate and comprehensive investigation into the Nigeria Police Force, NPF, following damning allegations of systemic corruption, abuse of office and illegal sale of national security assets. The resolution followed the adoption of a motion of urgent public importance, co-sponsored by Ibe Okwarra Osunwa, Mark…
The Economic and Financial Crimes Commission (EFCC) has urged the Federal High Court in Lagos to reject an application by former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, seeking to halt the forfeiture of assets linked to him. On August 25, 2024, the court granted the EFCC temporary control over $2.045 million, seven prime…
(Bloomberg) — Alibaba Group Holding Ltd. sold almost $360 million of stock in Chinese streaming platform Bilibili Inc. at a significant discount, the latest in a string of asset deals from an e-commerce pioneer seeking capital to invest in AI and rejuvenate the business. Most Read from Bloomberg Alibaba priced the sale of 30.85 million…
