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BREAKING: Stock market Investors lose N3.57 trillion in April amid CBN policies
The NGX All-Share Index experienced a significant decline in April, losing N3.57 trillion in market value. This downturn represents the first monthly decline for the NGX this year, contrasting with gains of 17.7%,…
Major Marketers Move To End Fuel Scarcity, To Flood Market With 300m Litres
The Major Energies Marketers Association of Nigeria (MEMAN) has concluded plans to take delivery of eight vessels containing over 300m litres of fuel to address the current fuel shortage. Chairman of MEMAN, Huub Stokman,…
Imo Governor Uzodimma Appoints Self As Commissioner For Lands
Imo State Governor, Hope Uzodimma has appointed himself as the Commissioner for Lands, Survey, and Physical Planning in the state. The governor made the announcement on Tuesday during the inauguration of new commissioners…
Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years
…As Q1 revenue rise by 20.1% to N122.7bn Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar…
Retired Naval officer kicks over illegal sale of green areas by Lagos officials
Rear Admiral Ibikunle Olaiya (Retd) has protested the illegal sale of green areas near Block 113, Lekki Phase 1 by unscrupulous officials of the Lagos State Government against the original master plan that reserved the…
Electricity Tariff Hike: You’ve Failed Nigerians – Falana Blasts Power Minister
Human Rights lawyer, Femi Falana, has slammed the Minister of Power, Adebayo Adelabu, over failure to deliver constant supply of electricity despite increasing tariff for Nigerians using Band A. In what he described as “the…
Northern governors express concerns over region’s out-of-school children
The Northern Governors’ Forum (NGF) has expressed concerns over the alarming increase in the number of out-of-school children in the region. Speaking at its meeting in Kaduna on Tuesday, chairman of the forum, Governor…
BREAKING: FG declares Wednesday public holiday
The minister of interior, Dr. Olubunmi Tunji-Ojo, has declared Wednesday, May 1, 2024 as a public holiday to mark this year’s Workers’ Day celebration. This was contained in a statement by the permanent secretary of the…
Fuel scarcity: Marketers threaten to withdraw services over N200 billion debt
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to withdraw its services over federal government’s non-payment of ₦200 billion debt. The association’s unit chairman and spokesperson,…
Binance executive will be smoked out of hiding…. Extradition process underway – Interpol
The International Criminal Police Organisation (Interpol) says plans are underway to extradite Nadeem Anjarwalla, Binance regional manager for Africa, to Nigeria for prosecution. Garba Umar, vice president of Interpol…
UTME failure: Phones, TikTok, parties – Nigerians search for what to blame
Less than 24 hours after the Joint Admissions and Matriculation Board released the 2024 UTME results which recorded a a 77% failure rate, Nigerians have started identifying factors responsible for the poor performance.…
FBI busts seven Nigerian pickers in U.S. for laundering $8 million scam proceeds to Yahoo Boys in…
The U.S. Federal Bureau of Investigations filed charges of wire fraud and money laundering conspiracy against seven Nigerian men who acted as middlemen to receive $8 million proceeds of romance scams from the victims of…
Anger As FG Asks Nigerians To Accept Tariff Hike Or Face Blackout
Strong reactions have trailed comments by the Minister of Power, Adebayo Adelabu, that there would be total blackout in the country in the next three months if the proposed electricity tariff hike is not implemented.…
Nigeria Sitting On $750bn Worth Of Solid Minerals — Alake
The Minister of Solids Minerals Development, Dele Alake has stated that a preliminary report by a German firm, GeoScan, indicated that Nigeria is sitting on several minerals worth $750bn. Speaking during a Summit…
‘Your funds are secured’, Opay reassures customers amid CBN’s new account suspension
Opay, a leading financial services provider in Nigeria, has reassured its customers regarding the security of their funds amidst the Central Bank of Nigeria’s (CBN) directive to suspend the creation of new accounts.…
Lagos-Calabar Highway is job-losing project, stop it now – Peter Obi tells Tinubu
The 2023 presidential candidate of the Labour Party, Mr Peter Obi, has called on President Bola Tinubu to discontinue the Lagos-Calabar coastal highway project to save jobs for Nigerians. Obi said the project is a…
Drama as power ceased during power minister’s speech at N’Assembly
Drama played out on Monday when power supply was seized as the Minister of Power, Adebayo Adelabu, was speaking at the National Assembly. Adelabu was fielding questions from senators at the investigative hearing on “the…
BREAKING: Senators fight over seats in newly renovated chamber
A rowdy session marred the resumption of the Senate to plenary on Tuesday as senators fought over the seats. The plenary had started around 11 am and immediately after the procession, the Senate President, GodsWill Akpabio,…
BREAKING: Reps orders NERC to suspend implementation of new electricity tariff
The House of Representatives has ordered the suspension of the new electricity tariff by the Nigeria Electricity Regulatory Commission (NERC). The decision of the House was sequel to the adoption of a motion of urgent…
“I have a farm in Kaduna, but I can’t go there because of bandits” – Former Sokoto governor
Attahiru Bafarawa, a former Governor of Sokoto State, expressed deep concern over the rampant activities of bandits in the northern region of Nigeria. According to him, bandit attacks compelled him to abandon…
“Social media is a threat and immediate national security priority in Nigeria” – NSA, Nuhu Ribadu
The National Security Adviser (NSA), Nuhu Ribadu, has stated that there is a critical need to address the negative impacts of social media as both local and global security threats. Ribadu made the comment during a…
After tariff hike, NERC increases prices for single, three phase meters
Weeks after announcing an increase in the electricity tariff of Band A customers, the Nigerian Electricity Regulatory Commission (NERC) has adjusted the price of a single phase meter from N58,661.69 to N81,975.16. NERC also…
Alleged fraud: Ganduje, wife, others fault arraignment, exparte motion
The arraignment of the National Chairman of All Progressives Congress (APC) Dr. Abdullahi Umar Ganduje, his wife Dr. Hafsat Umar Ganduje, and six others on alleged misappropriation of public funds again failed due to…
Nigerian arrested in Japan for drug smuggling, romance scam
A Nigerian restaurant manager, Ozo Chibuzor Chris, has been arrested by a joint task force of the Tokyo Metropolitan Police Department and the Okayama Prefectural Police on suspicion of violating Japan’s stimulant drug…