A retiring justice of the court, Musa Dattijo Muhammad, who reportedly pulled out from the seven-man panel that dismissed all the appeals that sought to remove President Tinubu from office, has accused the Chief Justice of Nigeria, CJN, Olukayode Ariwoola, of abusing the powers of his office. Muhammad, who spent 47 years in active judicial service, bowed out of the apex court bench on Friday, having clocked the 70 years mandatory retirement age. He used the opportunity of a valedictory session that was organised in his honour by the Supreme Court, to address what he observed as rots in the…

Nigeria's naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades freely. President Bola Tinubu removed Nigeria's foreign currency controls in June in a bid to get transactions flowing through the official market again to help unify the naira's exchange rates. But that has only fuelled the currency's weakness and added to inflationary pressures. Here is what you need to know about the naira. WHY IS THE NAIRA FALLING? The central bank has a backlog of…

The investors who are backing the recent $250 million lithium project have been found to be copycats and not affiliated with the China-based companies bearing the same name as these copycat companies as revealed by Bloomberg in an October 27 report. According to Bloomberg, Ganfeng Lithium Industry Ltd., Tianqi Lithium Industrial Ltd. and Ningde Era Industrial Ltd. have nothing to do with three nearly identically named behemoths listed on the Shenzhen and Hong Kong stock exchanges. Instead, they were founded recently and registered in Nigeria as independent companies. Difference between the original and copycat companies According to Corporate Affairs Commission…

An Enugu High Court, presided over by Anthony Onovo, has voided the proscription of the Indigenous People of Biafra (IPOB) as a terrorist organisation. The Federal Government under Muhammadu Buhari had, in 2017, proscribed the secessionist group, while the leader, Nnamdi Kanu, was clamped into detention. The court, yesterday, also declared that self-determination was not a crime and should not, therefore, be used as a basis to arrest, detain and prosecute the IPOB leader. Kanu, through his Special Counsel, Aloy Ejimakor, had in January this year, approached the court to seek nullification of the proscription and terrorist tag on the…