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Give me power to spend security votes like governors – Wike lobbies lawmakers
The Minister of FCT, Nyesom Wike, has asked the House of Representatives to grant him the power to arbitrarily spend funds under the controversial “security vote” scheme. Mr Wike, while appearing before the House…
Killing of soldiers in Delta a communally planned attack -Army
The Nigerian Army has accused the Okuama community where military personnel were killed in Delta State of resorting to propaganda. It said the development confirmed that the killing was a communally orchestrated…
Internet disruption: We’ve stabilised network – MainOne
A West African digital infrastructure service provider, MainOne has said that stability has been brought to the network across the region. The service provider said, in a statement, that it was able to work with regional…
Delta: Army opened fire, killed 50 villagers – Fleeing residents
RESIDENTS of the Okuama community in Ughelli South Local Government Area, Delta State, who fled into the bush where they have been hiding since March 14, following ill-fated peace talks with the military, narrated how the…
BREAKING: Court Refuses Honeywell’s Application Seeking To Amend Claim
The Federal High Court sitting in Lagos on Monday declined an application seeking to amend the pleadings and claims by Anchorage Leisure Ltd and its sister companies…
Senate to reinstate Ningi as Akpabio comes under pressure after Bauchi senator’s suspension
Despite his recent suspension, Senator Abdul Ningi may be back in the Senate soon. According to sources, the three-month suspension imposed on the former majority leader over allegations of padding the 2024 budget by…
Naira Devaluation: Pension funds decline by $18.9 billion in one year
The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in Nigeria over the past year. According to PENCOM data reviewed by Nairametrics, the net asset value of…
BREAKING: Residents Killed As Angry Soldiers From Delta Burn Down Houses In Bayelsa
Following last week’s killing of 16 soldiers and officers at Okuama Community in Delta State, troops of the Nigerian Army have invaded Igbomotoru community in Southern Ijaw Local Government Area of Bayelsa State, razing…
Edo Gov’ship: APC Picks Idahosa As Okpebholo’s Running Mate
The ruling All Progressives Congress (APC) has picked Hon. Dennis Idahosa as running mate to Senator Monday Okpebholo, its governorship candidate for the September 21 governorship election in Edo State. Recall that…
Power Distribution Companies borrow N273.24 billion from CBN to purchase meters, others
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a credit facility totalling N273.34 billion from the Central Bank of Nigeria which was allocated to purchase 414,000 meters and enhance their…
Nigerian payment startup, Zone raises $8.5 million in Seed funding
Payment infrastructure company, Zone, has raised $8.5 million in an oversubscribed seed funding round led by VC firms Flourish Ventures and TLcom Capital. According to a statement from the company, the new funding…
NIMC Denies Reports Of Data Breach, Insists Citizens’ Information Safe
The National Identity Management Commission (NIMC) has denied that its database was compromised as a result of the undersea cable cut which disrupted the services of banks and telecom operators in Nigeria. A tech expert and…
Obasanjo’s Biological Father Was An Igbo Police Officer So He Supported Peter Obi For President In…
The Aare Ona Kakanfo of Egba-land, and the Otun Ba’asegun of Egbaland, Chief Sunday Adekunle Majekodunmi has stated that former President Olusegun Obasanjo's biological father is an Igbo man from Onitsha, Anambra State. The…
JUST IN: SSANU, NASU begin strike, ground varsities
Members of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union have begun a nationwide strike today (Monday) over alleged unfair treatment and disparity in the payment of salaries by the…
Oshiomhole congratulates Edo APC gov candidate
Former Edo State Governor, Adams Oshiomole, on Monday, congratulated Senator Monday Okpebholo on his emergence as the governorship candidate of the All Progressives Congress in the state. His congratulatory message…
Nigeria oil margins hit $37 a barrel as Brent Crude sell for $85 a barrel
Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward trend that began last week when prices surged by almost 4% on the belief that supply was contracting and the possibility…
Obi demands ‘total’ review of 2024 budget, calls for reallocation of resources
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 election, has called for a review of the 2024 budget following the recent allegations of padding in the national assembly. Abdul Ningi, senator…
Court orders Binance to release names, transaction details of Nigerian users
The Abuja Division of the Federal High Court has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its…
Naira to stabilise further this week as demand pressure eases
The naira is expected to stabilise further this week, following moderation in demand pressure, amid dollar supply decline. The foreign exchange (FX) market ended last week on a positive note as the naira…
A Russia-NATO conflict just a step to World War III, Putin warns
President Vladimir Putin warned the West on Monday that a direct conflict between Russia and the US-led North Atlantic Treaty Organisation (NATO), a military alliance, would fester World War III, which according to…
Sold T-shirts in college, traded crypto, Harvard-bound: What you didn’t know about Chizi Wigwe
Chizi Wigwe was a financial professional with exceptional skills in investment analysis. His outgoing personality was a rare combination in the sector, and he preferred to maintain a low profile despite his…
Terrorists kidnap 87 in fresh Kaduna attack
Terrorists on Sunday night kidnapped 87 people after launching a fresh attack on the Kajuru-Station community in Kajuru Local Government Area of Kaduna State. A member of the Kajuru-Station Youths, Harisu Dari,…
MoU with UK firm on rail project not binding – FG
The Federal Government has provided clarifications regarding the recent Memorandum of Understanding between the Ministry of Transportation and MPH Rail Development Limited, a construction firm from the United Kingdom.…
Scarcity of Nigerian passport booklets looms as FG incurs N16 billion production debt
There are strong indications that a potential problem of scarcity of e-passport booklets is looming. According to a report by Leadership, the situation is occasioned by the non-payment of huge production debt to vendors…