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N8.75m Fraud: Court slams 7 years sentence to Microfinance Bank Official

Justice Dije Aboki of the Kano State Division of the Federal High Court has slammed a 7 years sentenced to one Alhaji Munir Sagagi, Chiarman of the Nigerian Association of Small Scale Industries, Kano Chapter. Justice Aboki in her Judgement held that the prosecution had proved its case beyond reasonable doubt. The judge found Sagagi […]

Naira loses at NAFEX, steady in official, parallel markets

The Nigerian currency, Naira, at the end of business activities on Monday, lost slightly at Nigeria Autonomous Foreign Exchange Fixing (NAFEX) window, but remained unchanged at both the official foreign exchange and unofficial markets. At NAFEX, the Naira, closed trading at 360 to the dollar against 359.98 exchanged on Friday, which indicated a drop of […]

130 transmission projects abandoned since 2002 -official

Managing Director, Transmission Company of Nigeria (TCN), Dr. Atiku Abubakar, has said that about 130 power transmission projects have been abandoned since 2002. He made the revelation at the electricity customer’s forum organised by the Eko Electricity Distribution Plc in Lagos on Sunday. However, he said the administration of Buhari will ensure execution of the […]