Nigeria’s borrowing capacity is being rapidly exhausted, according to Mr. Ben Akabueze, the Director General of the Budget Office of the Federation. He issued this warning during the induction ceremony for newly-elected lawmakers of the 10th National Assembly held in … Continue reading There’s limited borrowing space and troublesome situation under President Buhari – Budget Office
Nigerian Exchange Limited (NGX) experienced a downturn, ending its four-day gains, as market capitalization took a hit of N216 billion due to selloffs in BUA Cement and 19 other stocks. The All-Share Index also recorded a decline of 0.75 percent, … Continue reading Investors suffer N216 billion loss as BUA Cement and 19 stocks experience selloff
The United Kingdom (UK) Court of Appeal has scheduled June 22 as the date to hear the appeal regarding the extraordinary rendition of Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB). Aloy Ejimakor, Kanu’s Special Counsel, … Continue reading UK court of appeal sets June 22 for Kanu’s extraordinary rendition appeal hearing
Youth and Sports Development Minister, Sunday Dare, expressed satisfaction with his performance after serving for four years in office. Dare, who took office in 2019, is set to leave his position this month as President Muhammadu Buhari’s regime comes to … Continue reading I am proud of my achievements in uplifting Nigeria’s sports sector – Sunday Dare
The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) it issues in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) does not have an expiry date. In a statement released by the CBN’s Acting Director … Continue reading BVN does not have an expiry date – CBN
The Nigerian National Petroleum Company (NNPC) Ltd has received commendations from prominent businessmen and entrepreneurs, Alhaji Aliko Dangote and Mr. Tony Elumelu, for its exceptional performance and efforts in the oil industry. Dangote, Africa’s richest man and Chairman of Dangote … Continue reading Prominent entrepreneurs applaud NNPC’s remarkable achievements under Kyari’s leadership
In a letter addressed to the National Assembly, President Muhammadu Buhari has requested approval for a new loan of $800 million from the World Bank. Senate President Ahmad Lawan read the President’s request to lawmakers during a session in the … Continue reading Buhari requests approval for $800m subsidy palliative loan
The Eze Ndigbo of Ajao Estate in Lagos, Frederick Nwajago, has been brought before the state high court in Tafawa Balewa Square on charges of alleged terrorism. The Lagos State Government arraigned him on nine counts, including attempted acts of … Continue reading Lagos state government arraigns Eze Ndigbo on terrorism charges
Liberian President George Weah has expressed his belief that Napoli and Nigerian striker Victor Osimhen has the potential to become Africa’s next recipient of the FIFA Best Player and Ballon d’Or awards. President Weah conveyed this message of congratulations to … Continue reading Liberian President George Weah, endorses Osimhen for FIFA best and ballon d’Or awards
The Presidential Election Petition Court (PEPC) has announced a further adjournment of the pre-hearing in the petitions filed by Mr. Peter Obi and his Labour Party. The panel, led by Justice Haruna Tsammani, agreed to the adjournment after all parties … Continue reading Tribunal postpones Obi’s petition against Tinubu to May 17
The National Emergency Management Agency (NEMA) has revealed that it recently welcomed a new group of 148 stranded Nigerians who returned from Niamey, Niger Republic. The Coordinator of NEMA’s Kano Territorial Office, Nuradeen Abdullahi, confirmed their arrival as he received … Continue reading NEMA welcomes 148 stranded Nigerians repatriated from Niger Republic
Bola Tinubu, the President-elect of Nigeria, has embarked on a working visit to Europe. This journey comes just two weeks after his return from a trip to London, Saudi Arabia, and Paris, signifying his active engagement on the international stage. … Continue reading Tinubu departs Nigeria prior to presidential inauguration
United Kingdom Supreme Court has issued a ruling in favor of Shell, a British multinational oil and gas company, regarding a 2011 offshore oil spill. The court concluded that Nigerian claimants were time-barred from suing Shell subsidiaries over the incident, … Continue reading Shell emerges victorious in Niger Delta oil spill lawsuit
Buildings within the Nigerian Air Force Base located along Airport Road in the Federal Capital Territory were engulfed in flames on Wednesday morning, causing panic in the area. The military base, situated next to the Nigerian Correctional Service National Headquarters, … Continue reading Fire engulfs Nigerian air force base in Abuja, prompting emergency response
Despite claims by the Minister of Power, Abubakar Aliyu, that Nigeria has the cheapest electricity, recent findings reveal that over 100 countries offer more affordable electricity rates than Nigeria. This is in stark contrast to the near-zero improvement in power … Continue reading Nigeria’s electricity affordability plummets as tariffs soar 168% in eight years
In a confrontation that took place at Nkwo Market in the Ihiala Local Government Area of Anambra State, armed individuals claiming to be associated with the Indigenous People of Biafra (IPOB) reportedly engaged in a shootout with the police. According … Continue reading Bank security guard shot in Anambra police shootout with sit at home enforcers
Rema’s hit single ‘Calm Down’ has propelled him to international superstar status, with the song continuing to dominate charts worldwide and earn accolades. According to the latest Billboard Hot 100, ‘Calm Down’ has spent 35 weeks on the chart, matching … Continue reading Rema’s “Calm Down” set to break record for longest charting African song on billboard hot 100
I&M Bank Rwanda has suffered losses of $10.3m in less than three months due to fraudulent client withdrawals, prompting an investigation to try to recover the money. The loss exceeded the $7.6m net profit I&M Group made from the Rwandan … Continue reading I&M Bank in Rwanda affiliate $10.3 million loses due to fraudulent withdrawals
The President of the African First Ladies Peace Mission (AFLPM), Aisha Buhari, inaugurated the AFLPM’s new headquarters in Abuja. The new building is expected to provide a conducive working environment for members of the staff of the AFLPM. Mrs. Buhari … Continue reading African first ladies peace mission headquarters inaugurated by Aisha Buhari in Abuja
According to the Nigerians in Diaspora Commission (NiDCOM), a total of 1,730 Nigerians have been evacuated from Sudan, with the latest flight arriving from Port Sudan with 146 evacuees on Tarco Airline. The flight landed at Nnamdi Azikiwe International Airport … Continue reading 1,730 Nigerians evacuated from Sudan in 9 flights – NiDCOM
Joint security operatives have killed two suspected armed robbers who were terrorizing the Nkpor Community in Anambra State. Several others managed to escape with bullet wounds. The Anambra State Police Command spokesperson, Ikenga Tochukwu, said security operatives on routine patrol … Continue reading Joint security operatives kill two suspected armed robbers in Anambra, arrest four others
The Chidi Ibeh-led faction of Ohanaeze Ndigbo has expressed that Nigerians are dissatisfied with the administration of President Muhammadu Buhari, particularly in areas of insecurity and corruption. The faction also noted that Nigeria has regressed by 100 years, citing division … Continue reading Ohanaeze asserts Nigerians are discontented with Buhari’s administration
Several aspirants for the position of Speaker of the House of Representatives in Nigeria’s 10th National Assembly are organizing themselves against the candidates adopted by the All Progressives Congress (APC). This move was made after the APC announced consensus candidates … Continue reading Five aspirants unite against Abbas amid disagreement over APC zoning plan
The Federal Airport Authority of Nigeria (FAAN) has directed the immediate relocation of all aircraft parked at the General Aviation Terminal (GAT) of the Nnamdi Azikiwe International Airport in Abuja. The relocation is ahead of the presidential inauguration scheduled for … Continue reading Federal Government directs private jets to be removed from Abuja airport ahead of presidential inauguration
On May 5th, an unidentified middle-aged man was crushed by a truck along the Isheri-Igando Road in Lagos State, leading to his death. According to an eyewitness, the accident occurred at around 7 p.m. when the man had just returned … Continue reading US returnee crushed to death by truck in Lagos
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