The Federal Government has requested the withdrawal of the illegal firearms possession charge against the suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele. The Director of Public Prosecutions at the Federal Ministry of Justice, Mohammed Bakodo Abubakar, presented an … Continue reading FG files fresh charges against Emefiele
The cessation of Nigeria’s fuel subsidy by President Bola Tinubu in May has led to a significant decline in petrol imports from Europe, causing a 48% decrease in demand for Premium Motor Spirit (petrol), according to data from S&P Global … Continue reading Nigeria’s petrol imports from Europe plunge by 48% following subsidy removal
The Australian dollar reached a nine-month low against the US dollar on Monday, causing global investors to become uneasy as another major Chinese investment firm exhibits signs of financial strain. The Australian dollar dropped to 64.59 US cents before recovering … Continue reading Australian dollar hits lowest level in nine months against US dollar amid concerns over Chinese investment
South African telecommunications giant MTN has announced that Mastercard, a global payment processing firm, will acquire a minority stake in its fintech division. MTN’s fintech division The partnership is part of MTN’s strategy to sell up to 30% of its … Continue reading Mastercard to invest in minority stake of MTN’s $5.2 billion fintech business
Customs officials in Ogun State have seized smuggled goods worth N17 million, including 203 bags of imported rice, five vehicles, and 1,245 rounds of live ammunition. The contraband items were discovered abandoned in a bush path near an exit point … Continue reading Customs discovers live ammunition hidden in rice bags in Ogun state
Oil marketers have disclosed that the introduction of a 7.5 percent Value Added Tax (VAT) on Automotive Gas Oil (diesel) and the ongoing foreign exchange crisis in Nigeria have led to a significant increase in diesel prices. The cost of … Continue reading Diesel price hits N950 per litre
The Federal Communications Commission (FCC) has revealed that more than 20 million households across the United States are now receiving reduced-cost internet service through the Affordable Connectivity Program (ACP), a federal initiative aimed at bridging the digital divide. The ACP … Continue reading Over 20 million Americans participate in federal program for subsidized internet access
Apple is set to introduce a subtle but potentially disruptive change in its iPhone software with the upcoming iOS 17 update: the relocation of the prominent red “end call” button. The modification will reposition the hang-up button to the lower … Continue reading iPhone users brace for notable adjustment in upcoming software update
Pope Francis has issued a warning regarding the potential risks associated with artificial intelligence (AI), emphasizing its potential for disruption and its complex effects on society. He called for those involved in the development and utilization of AI to act … Continue reading Pope Francis raises concerns over dangers of artificial intelligence
The Northern Chamber of Commerce Industry, Mines, and Agriculture (NACCIMA) has raised concerns over the shutdown of rice mills in Kano, citing a scarcity of paddy as the cause. Dalhatu Abubakar, Chairman of the chamber, emphasized that the scarcity could … Continue reading Rice millers in Kano shut down operations due to paddy shortage
The Kwara State Police Command has announced the implementation of fresh security measures aimed at enhancing safety and security throughout the state. In a meeting led by Commissioner of Police Ebunoluwarotimi Adelesi, service commanders from various security agencies within the … Continue reading Kwara state police roll out new security plans to ensure safety
Zamfara State Governor, Dauda Lawal, has strongly denounced the recent banditry attack in Bungudu Local Government Area, which resulted in the tragic loss of four lives and numerous injuries. Governor Lawal visited the Emir’s Palace in Bungudu to express his … Continue reading Governor Lawal visits victims of bandit attack in Zamfara
Chidinma Ekile, a renowned gospel artist, has firmly denied any romantic involvement with secular musicians Flavour and Kizz Daniel. There had been speculations that Chidinma was romantically linked with Flavour and Kizz Daniel at different points before her transition from … Continue reading Singer Chidinma denies romantic involvement with Flavour and Kizz Daniel
Nollywood filmmaker, Biodun Stephen, has shared her personal battle with depression stemming from her struggles to secure acting opportunities in the industry. During an interview with media personality Chude Jideonwo, Biodun revealed that she faced overwhelming challenges and emotional distress … Continue reading Biodun Stephen opens up about battling depression due to lack of acting roles
Nigeria’s pursuit of an expansive gas infrastructure to address its gas needs demands an annual investment of $20 billion, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). Dr. Orji Ogbonnaya Orji, NEITI’s Executive Secretary, made this assertion during a … Continue reading NEITI: Nigeria needs $20 billion annually for gas expansion projects
The Osun State Government has enforced the ‘no work, no pay’ policy against striking employees of Osun State Polytechnic, Iree, as communicated in a memo signed by the acting Registrar, Mr. Abiodun Oloyede. This decision comes after the Academic Staff … Continue reading Osun implements ‘No Work, No Pay’ policy for striking polytechnic workers
Two siblings, Samuel and Samson Ogoshi, have been extradited to the United States to stand trial for allegedly operating a global sexual extortion scheme that resulted in the tragic death of a teenage US citizen, Jordan DeMay. The extradition of … Continue reading FG extradites siblings to US for sexual extortion trial
Chief Justice of Nigeria, Justice Olukayode Ariwoola, advised magistrates on Monday to conduct themselves in a manner that upholds the integrity and independence of the judiciary. Justice Ariwoola urged magistrates to avoid unnecessary delays in delivering justice, emphasizing that the … Continue reading CJN urges magistrates to prevent delayed justice
A variety of factors are driving the surge in high energy expenses, primarily attributed to the escalating diesel costs and the devaluation of the naira. As a consequence, companies are grappling with the impact on their profit margins, necessitating them … Continue reading Big companies struggle with high costs as energy bills reach N221 billion
The Nigerian Ports Authority (NPA) and Tucks Transit Parks (TTP) have introduced a compulsory N50.00 stamp duty payment for every N1,000 receipt given to truck drivers. Policy covers all government ministries In a notice to stakeholders, TTP’s management stated that … Continue reading NPA and TTP introduce N50 stamp duty on N1,000 receipts
United Bank for Africa (UBA) Plc has published its Annual Sustainability Report for 2022, presenting an overview of the bank’s dedication to Environmental, Social, and Governance (ESG) performance and principles. The report emphasizes UBA’s commitment to social inclusivity, ethical business … Continue reading UBA’s pledge to adhere to International Reporting Standards (IRS)
A report from Cordros Securities suggests that the liberalization of foreign exchange is expected to have a moderate impact on banks’ Lending to Deposit Ratio (LDR). Impact of CBN’s plan to reinforce LDR The report, titled ‘Impact of the CBN’s … Continue reading Banks could reevaluate customer loans amid naira depreciation – Experts
The father of the Nigerian crossdresser known as Bobrisky, whose real name is Idris Okuneye, has passed away. Sources report that Mr. Kunle Okunneye died in the early hours of today, Monday, August 14, 2023. Bobrisky confirmed his father’s death … Continue reading Trgic! Bobrisky loses dad
Former President Mohamed Bazoum of Niger is facing charges of high treason and jeopardizing both national and international security due to his interactions with foreign leaders and international organizations, as announced by the Niger junta. The junta’s spokesperson, Colonel Amadou … Continue reading Niger junta to prosecute ex president for treason
Simon Ekpa, the self-proclaimed leader of the proscribed Indigenous People of Biafra (IPOB), has issued a warning to oil-producing companies operating in the South-East region of Nigeria. Ekpa cautioned these companies against disregarding the Monday sit-at-home order and believing false … Continue reading Ekpa issues fresh warning to oil companies over sit at home order
AGS NEWS 