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MTN Group suffers loss over naira devaluation
Africa’s biggest telecommunications company, MTN Group, recorded a half-year loss, due to naira devaluation and operational challenges in Sudan. The company reported a loss before tax of nine billion South African…
Harris hails Biden in surprise Democratic convention appearance
United States Vice President Kamala Harris said Democrats would be “forever grateful” to US President Joe Biden as she made a surprise appearance Monday at the start of a party convention in Chicago that will crown…
NLC protests as police probe Ajaero for terrorism financing
The Nigeria Labour Congress on Monday evening confirmed the invitation of its President, Joe Ajaero, by the police over issues bordering alleged terrorism financing. The spokesperson for the congress,…
BREAKING: Presidency confirms purchase of new presidential jet, Provides details
The Nigerian Presidency has unveiled a brand new Airbus A330 Presidential Jet, replacing the 19-year-old Boeing B737-700(BBJ) purchased during the tenure of…
BREAKING: Tinubu Sacks Jalal Arabi Amid NAHCON Probe
President Bola Tinubu has fired Jalal Arabi, as Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). Ajuri Ngelale, Presidential spokesman, disclosed this in a statement in which he announced…
Chelsea agree deal for Joao Felix
Aston Villa are set to miss out Joao Felix as Chelsea now have an agreement with Atletico Madrid to sign him, according to the Athletic. The Blues have been holding talks about bringing Felix, who had a loan spell…
Thierry Henry Leaves Coaching Role With France Youth Side
Thierry Henry has decided to step down from his role as coach of the France under-21 football team after guiding the side to a silver medal at the 2024 Paris Olympics, the French Football Federation (FFF) announced…
Kenya Govt Plans To Reinstate Some Taxes To Raise $1.2 Bn
The Kenyan government plans to raise about $1.2 billion by reinstating some unpopular taxes contained in a finance bill that was scrapped in the face of deadly street protests, a government minister said. President…
Presidential Jet Seizure: Utomi Tackles Amosun Over ‘Blacklist’ Allegation
Economist Pat Utomi criticized Ibikunle Amosun for claiming that he was blacklisted by the Ogun State House of Assembly before he became the state governor. Utomi while featuring as a guest on Channels Television’s…
Ted Baker To Close Remaining Stores In Britain And Ireland
Insolvent British clothing chain Ted Baker will close its remaining 31 stores in Britain and Ireland, resulting in job losses for more than 500 employees, the administrators said Monday. Ted Baker announced in…
Adamawa Begins Payment Of N70,000 Minimum Wage In August
Governor Ahmadu Umaru Fintiri of Adamawa State has approved the payment of the new national minimum wage of ₦70,000 to civil servants in the state, starting from August. This development was announced by Comrade…
JUST IN: Atiku’s Camp Questions Tinubu’s “Brief Working” Trip to France, Makes Demand
The camp of Atiku Abubakar, the 2023 Presidential candidate of the People’s Democratic Party, has raised questions over President Bola Tinubu’s trip to France.The…
Tinubu ‘considering’ Frank Mba, three others as IGP as Egbetoku exits September
There are strong indications that the Inspector-General of Police, IGP Kayode Egbetokun’s tenure may not be extended by President Bola Tinubu. Egbetokun, who was appointed on June 19, last year, is expected to…
N29m Monthly For Senators Too Small, I Became Poorer As A Senator – Elisha Abbo
Elisha Abbo, a former lawmaker who represented Adamawa North in the Senate, has claimed that the monthly earnings of senators are not a lot of money. Condemnation has been trailing the large take home of Nigerian…
FG to commence crude oil sale to Dangote refinery October 1
The federal government says the sale of crude oil to the Dangote refinery in naira will commence on October 1. The ministry of finance, in a statement on Monday, said the decision was made at a meeting with the…
We Will Supply Only What We Have – Oil Marketers Explain Reason for Fuel Scarcity
Oil marketers have disclosed that they will only supply the fuel stock available, citing lingering logistics challenges as the primary reason for the current fuel scarcity that has gripped the…
BREAKING: Amid nationwide fuel scarcity, NNPC declares N3.3 trillion profit for 2023
The Nigerian National Petroleum Company Ltd (NNPCL) has achieved a profit after tax of N3.3 trillion for the 2023 financial year. On Monday, Chief Pius Akinyelure, Chairman of the NNPC Ltd Board, disclosed this news…
British Army begins recruitment for Nigerians, others
The British Army is offering Commonwealth citizens, including Nigerians, an opportunity to join its distinguished force starting today, 19th August 2024.…
If you don’t invest in Lagos now, you’ll regret in 10 years time – Pst Ashimolowo
The Global President of the Kingsway International Christian Centre, Pastor Matthew Ashimolowo has said that people who ignore investing in the real estate sector of Lagos now will regret it in 10 years time. This is…
Lagos, Ogun Declare Tuesday As Public Holiday For Isese Day Celebration
Lagos and Ogun state governments have declared Tuesday, August 20, as public holiday to celebrate this year's Isese Day. This is the first time Lagos state government is declaring holiday for Isese Day celebration.…
NiMet forecasts three-day thunderstorms, rains from Monday
The Nigerian Meteorological Agency (NiMet) has predicted thundery and rainy weather conditions across the country from Monday to Wednesday. NiMet’s weather outlook released in Abuja envisaged thunderstorms over parts of…
Amosun roped Tinubu’s govt into $60 million mess when he used police, immigration to harass, deport…
The attorneys representing Nigeria in its high-stakes battle to stave off asset seizures in the United States have accepted the country’s culpability in the…
FBN Holdings barred by court from conducting AGM
A Lagos Federal High Court has halted FBN Holdings‘ 12th Annual General Meeting (AGM), scheduled for August 22, at the request of shareholder Tohir Folorunsho Ismaila. The meeting was prevented from holding…
How Senate deputy president, principal officers got multi-billion naira constituency projects in…
Presiding and principal officers of the Senate, Nigeria’s highest legislative body, allocated billions of naira worth of constituency projects to themselves in the 2024 budget, PREMIUM TIMES can report. The…