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Earthquake hits Iran after president’s fatal helicopter crash
An earthquake measuring 3.7 on the Richter scale jolted Malayer, Hamedan province, in western Iran on Monday. According to the Seismological Centre of the Geophysics Institute of the University of Tehran, the earthquake…
Days to election, South African court bars former President Zuma from contesting
The South African apex court has barred former President Jacob Zuma from running for parliament seat days before the country’s election. Mr Zuma was disqualified for the May 29 election based on his 15-month jail…
UK calls out Nigerian government over unpaid £8.4 million embassy ground rent since 2003
The UK Transport for London (TfL) has asked the Nigerian government —included in a list of “stubborn minority” debtors— to pay up its embassy congestion charge, which now stands at £8.4 million and has been unpaid for…
FG gets 52% in tax for every N1 we make as profit – Aliko Dangote
Africa’s richest man, Aliko Dangote, has said that the Federal Government takes 52% tax on every N1 his company earns in profit in the country, highlighting the challenges of entrepreneurship in Africa. The business…
Iran declares five-day mourning over President Raisi’s death
Iran’s Supreme leader Ayatollah Ali Khamenei has announced five days of mourning for President Ebrahim Raisi who died in a helicopter crash. Khamenei, in an official statement on Monday, a day after the death of…
Banex Plaza Shut As Soldiers’ Operation Enters Day 3
Banex Plaza, an electronics and telecommunications gadget market in Abuja, is still under lock and key, Daily Trust can report. Our correspondent who visited the market on Monday morning found soldiers across…
Tinubu’s Reward System Sparks Reactions Amongst APC Loyalists
Few days to a year anniversary of President Bola Ahmed Tinubu-led government, the reward system implemented by All Progressives Congress (APC), has sparked…
‘We have nothing to do with it’: Israel on Iran President Raisi’s chopper crash
Israel on Monday denied involvement in the death of Iranian President Ebrahim Raisi in a helicopter crash that also killed several official of his entourage. "It wasn't us,"…
Obidients mobilize, form harmonization committee ahead of 2027 elections
In a move aimed at consolidating their gains and positioning themselves for a stronger showing in the 2027 presidential elections, supporters of the former Anambra governor, Peter Obi, also known as the Obidient movement,…
Iran holds emergency meeting after President Raisi’s killing in copter crash
The Iranian government held an emergency meeting on Monday after President Ebrahim Raisi was declared dead today. Mr Raisi…
CBN faces tough choices on interest rate, inflation, others
The Central Bank of Nigeria (CBN) faces a dilemma: to continue the increase in benchmark interest rate or to hold on and continue to monitor the economic responses to its policy initiatives. The choice to hold…
Olakulehin cleared to become Olubadan
Olubadan-designate Oba Owolabi Olakulehin’s nomination is awaiting Oyo State Governor Seyi Makinde’s approval, Local Government and Chieftaincy Affairs Commissioner Segun Olayiwola said yesterday. He disclosed that…
Tinubu likely to get ministers’ performance record this week
Deliverables based on Administration’s eight priority areas are criteria President Bola Ahmed Tinubu is expected to receive the scorecard of members of his cabinet this…
Stanbic IBTC gets approval for N550b capital raising
Shareholders of Stanbic IBTC Holdings Plc have approved plans by the holding company to raise a total of N550 billion in new debt and equity capital, as the company seeks to meet the new minimum capital…
Foreign reserves build up despite naira volatility
Fourth consecutive rise in steady gain Nigeria’s foreign exchange (forex) reserves sustained recovery with addition of $195.01 million to close…
Peter Obi visits victims of Kano mosque attack
The 2023 presidential candidate of the Labour Party, Peter Obi on Sunday visited victims of arson at a mosque in Gadan village, Gezawa Local Government area of Kano state. Obi who visited the victims on their hospital…
Home Office to deport Nigerian man with disability after 38 years in UK
A disabled man who has lived in the United Kingdom (UK) for 38 years has been threatened with removal from the UK by the Home Office. Anthony Olubunmi George, 61, came to the UK at the age of 24 in 1986 from Nigeria. He…
Issue executive order on state police pending constitution amendment – Afenifere tells Tinubu
Afenifere, the pan-Yoruba sociopolitical organisation, has asked President Bola Tinubu to issue an executive order for the creation of state and LGA police. The group said there is an urgent need for the federal…
Exchange rate: CBN faces reality
“You can’t bully reality.” Federal Government officials, ignoring the truth and chasing shadows, have been warned several times on these pages – particularly when they manage their offices as if might is…
UK regulator reports Air Peace over alleged safety violation
The United Kingdom Civil Aviation Authority has written Nigeria’s Civil Aviation Authority stating Air Peace has reportedly violated some aviation safety regulations The development came barely three months after…
Pastor refuses to return mistaken N900k transfer, calls it God’s gift
An unidentified male pastor allegedly refused to return N900,000 mistakenly transferred to his account by a church member, as seen in a viral video circulating social media. The male church member explained in the…
Don’t Plunge Rivers Into Anarchy – N/Delta Youths Caution Wike, Fubara
The Ijaw Youth Council Worldwide, and other youth groups in the Niger Delta region have cautioned the Rivers State governor, Sim Fubara, and his predecessor who is currently the Minister of the Federal Capital…
More Pressure On Naira Ahead Possible Interest Rate Hike
Financial experts have said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors and limited inflows…
Jonathan to flag off N222bn Trans-Kalabari road project in Rivers
Former President Goodluck Ebele Jonathan is expected to flag off the construction of the multi-billion naira Trans-Kalabari road to be constructed by the administration of Governor Siminalayi Fubara of Rivers State,…