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JUST IN: Tinubu reappoints Kenny Anuwe as CEO of FGN Power Company
President Bola Tinubu has reappointed Kenny Anuwe, as the managing director (MD) and chief executive officer (CEO) of FGN Power Company Limited. In a statement by…
BREAKING: Popular Yoruba actor Sisi Quadri dies at 44
A popular Nollywood actor, Tolani Quadri Oyebamiji, popularly known as Sisi Quadri is reportedly dead. Oyebamiji’s death was announced by some of his colleagues in the Yoruba movie industry. Announcing his death,…
Business exodus from Nigeria won’t last, South African billionaire Wiese says
Nigeria’s large and growing population is impossible for business to ignore and a recent exodus from the West African state won’t last, South African billionaire Christo Wiese said in an interview on Bloomberg TV. “How do…
18 Months After, Foreign Airlines Release Low Tickets
Passengers and travel agents are now heaving a sigh of relief as foreign airlines operating into the country have released low-inventory tickets, Daily Trust’s findings have shown. This was made possible through the…
BREAKING: Hardship Protest Spreads To Prison, Inmates Revolt In Jos
The protest over nationwide hardship hit the Correctional Center in Jos, Plateau State capital, on Friday as inmates staged a protest over plan to reduce their food ration. Daily Trust learnt that immediately they got…
ARMY COMMANDER LAUDS NYSC, PLEDGES MORE SUPPORT
The General Officer Commanding 6 Division of the Nigerian Army, PortHacourt, Major General JH Abdulssalam has lauded the immense contributions of NYSC to national unity and socio…
Imo undergraduate stabs FUTO student to death
Operatives of the Imo State Police Command have arrested a 21-year-old student of the Imo State University, Francis Marvelous, for allegedly stabbing to death, a final-year student of the Federal University of…
BREAKING: Peseiro quits as Super Eagles manager
Portuguese manager, Jose Peseiro, has confirmed his exit as manager of the Super Eagles after his contract officially expired on Thursday. Peseiro who led the Eagles to a second-place finish at the 2023 African Cup of…
Nigerian govt lied, no discussion about $10 billion fines; we won’t pay ransom or damages if asked…
Binance Holdings Ltd said on Friday that it was not in any talks with the Nigerian government about potentially paying up to $10 billion in fines, contradicting a government spokesman’s statement to the BBC hours…
Police Superintendent Puts House Up for Sale to Pay Ransom for Kidnapped Children
It has been two months since seven residents of Kuduru New Extension, a border town between Abuja and Niger State, were kidnapped from their homes. Since then, the family members of the abductees have been negotiating…
NIN-SIM linkage: MTN disconnects 4.2 million lines after NCC’s deadline
MTN Nigeria said it has disconnected 4.2 million lines from its network as the February 28 deadline fixed for the linking of National Identification Numbers (NIN) with mobile SIMs lapsed. The company said the lines…
Ondo: APC guber aspirants raise alarm over political violence ahead of primary election
—- Perpetrators ‘ll be arrested, prosecuted- Aiyedatiwa Governorship aspirants under the platform of the All Progressive Congress in Ondo state, have raised the alarm over political violence in the state ahead of…
Politicians understand restructuring only when they are not in office — Soyinka
Nobel Laureate Professor Wole Soyinka said politicians understand the term restructuring only when they are not in office but turn to something else when they assume office. Soyinka stated this while speaking at the Punch…
11 hospitalised in London building fire accident
A huge fire at a residential building in London’s upscale South Kensington neighbourhood in the early hours of Friday has put 11 people in hospital and led to around 130 being evacuated, fire officials said. Fifteen fire…
Why MTN Nigeria’s shareholder funds wipe out is not a major concern for shareholders
MTN Nigeria recently released its 2023 FY results, reporting its first-ever loss of N177.8 billion, which resulted in a wipe-out of shareholders’ funds. The company attributed the losses to forex losses, stating that it…
Forex crisis: FG slams $10 billion fine on Binance
The Federal Government has slammed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. The special adviser to President Bola Tinubu on information and…
Five lessons for Nigeria as Indians’ wealth surge fivefold
The wealth of India, which overtook China as the world’s most populous country last year, jumped more than fivefold in 20 years, BusinessDayanalysis of data shows. India’s push to increase the wealth of its citizens…
SIM-NIN Linkage: ‘Most Blocked SIM Cards Are Alternative Lines, Owners Not Bothered’
Most of the telecom subscribers who have had their SIM cards blocked by the telecom operators for failure to link the lines with their National Identity Numbers (NINs) are not too concerned about getting the lines back,…
Police Stray Bullet Kills Man Sending Money Via PoS To Wife
There was tension in Igueomo community on the Benin-Agbor Road after a stray bullet allegedly fired from a police gun killed a man in the area. It was gathered that the incident happened on Wednesday evening when the…
Dangote Cement reports N455.6 billion profit despite incurring N164 billion in FX Losses
Dangote Cement Plc reported a profit after tax of N455.58 billion for the financial year ended December 2023, representing a 19.7% increase year-on-year. The year-on-year growth in profits, despite growth in interest…
Hisbah CG Resigns, Accuses Gov Yusuf Of Frustrating Him
Sheikh Aminu Ibrahim Daurawa has announced his resignation as the Commander-General of Kano’s Hisbah Board, citing “discouragement” from Governor Abba Kabir Yusuf. Daurawa said he was discouraged by the governor’s…
UK Home Office to extend work visa sponsor licenses renewal from 4 to 10 years
The UK Home Office has recently declared its intention to extend the renewal period for UK work visa sponsor licenses from 4 years to 10 years. This change promises considerable relief for expatriates and their employers…
Pogba denies doping allegation, vows to appeal four-year ban
France and Juventus midfielder, Paul Pogba has disclosed that he would appeal the four-year ban from football by Italy’s anti-doping tribunal after testing positive for testosterone last August. The French star made this…
Otti, Ikpeazu’s aides war over Abia’s 5% equity share in Geometric Power
Aides to Governor Alex Otti and his predecessor, Dr. Okezie Ikpeazu have taken to conventional and social media to attack one another over claims by the Chairman/Chief Executive Officer (CEO), Geometric Power Ltd,…