The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has withdrawn the money laundering charge amounting to N1.84 billion against Nicholas Ashinze and eight other individuals. The defendants were being prosecuted by the Economic and Financial Crimes … Continue reading Malami withdraws N1.8b money laundering charge against ex-aide of Sambo Dasuki
Alhassan Doguwa, the Majority Leader of the House of Representatives in Nigeria, has stated that he deserves to be compensated with the position of Speaker of the House due to his dedication to the All Progressives Congress (APC) and the … Continue reading Doguwa declares bid for Speaker, says he has paid his dues
The Nigerian Exchange Limited (NGX) has reported a 44.6% increase in listing fees for Q1 2023, amounting to N179.2 billion. This is a significant rise from the N123.9 million recorded in the same period in 2022. Meanwhile, the group recorded … Continue reading Domestic firms drive listing fees to N180bn on NGX in Q1 2023
The Labour Party (LP) has warned its state chairmen not to join the faction led by its suspended Deputy National Chairman (south), Lamidi Apapa, unless they are prepared to lose their positions. The warning was issued by LP Deputy National … Continue reading Labour Party warns state chairmen against joining Lamidi-led faction or lose their seats
Conglomerates industry in Nigeria has suffered significant setbacks, with listed firms under the sector experiencing a loss of over 80% in share price due to issues such as inflation, poor infrastructure, and a harsh operating environment. Stocks under the sector … Continue reading Eight year period sees conglomerates’ share value plummet by 80%
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC), spoke at a panel session at the Offshore Technology Conference (OTC) in Houston, Texas, and emphasized the need for African countries to adopt a strategic … Continue reading Kyari emphasizes need for collaboration among African countries to tackle energy transition challenges
Nestle Nigeria Plc reported a decline in after-tax profit from N18 billion in the first quarter of last year to N16.2 billion for the same period this year. The interim financial report for the first quarter ended March 2023 revealed … Continue reading Nestlé Nigeria’s Q1 profit dips as finance expenses rise by 126% to over N5bn
The Advertising Regulatory Council of Nigeria (ARCON) has been granted permission by a federal high court in Abuja to serve Meta Platforms, the owners of Facebook, Instagram, and WhatsApp, with a writ of summons. This is in relation to ARCON’s … Continue reading ARCON granted leave to summon Meta in N30bn lawsuit over advert law violations
On Wednesday, the United Nations’ (UN) humanitarian chief, Martin Griffiths, arrived at Sudan’s main seaport as thousands of Sudanese and foreign nationals gathered there in the hopes of escaping by plane or boat. The situation in Sudan erupted after months … Continue reading Mass exodus as Sudanese and foreigners attempt to flee ongoing fighting
Buba Galadima, a chieftain of the New Nigeria Peoples Party and former ally of President Muhammadu Buhari, has criticized the Minister of Information and Culture, Lai Mohammed, over his recent comments regarding opposition parties. In response to the minister’s statement … Continue reading NNPP chieftain Buba Galadima accuses Lai Mohammed of reaping where he didn’t sow
Suspected ritualist, Ifasoji Ayangbesan, who was recently arrested for alleged involvement in the murder of Oyindamola Adeyemi, a 26-year-old woman, has confessed to only buying her legs for N20,000. The 35-year-old had been on the run since January when his … Continue reading Suspected Ogun ritualist claims he only bought human legs for N20,000
As tensions between Russia and Ukraine escalate, the Russian authorities have banned the unauthorised use of drones indefinitely. The ban was announced by the Mayor of Moscow, Sergey Sobyanin, after Kremlin accused Ukraine of attempting to launch a drone attack … Continue reading Russia bans unauthorized use of drones after alleged assassination attempt on President Putin
Labour Party National Executive Council (NEC) held a meeting on Wednesday and suspended 12 members, including the Acting National Publicity Secretary, Obiora Ifo, and one of the spokespersons for the Presidential Campaign Council, Kenneth Okonkwo, for alleged anti-party activities and … Continue reading Labour Party suspends 12 members, including acting national publicity secretary and state chairmen and secretaries
The Federal Government of Nigeria has approved a sum of N16.77 billion as reimbursement to the Borno State Government for the out-of-pocket funds spent on constructing federal roads. This decision was made at a Federal Executive Council meeting presided over … Continue reading FG approves N16.77bn reimbursement to Borno State Government for federal road construction
During the Federal Executive Council meeting held at the state house in Abuja on Wednesday, the Federal Government of Nigeria approved the National Blockchain Policy. The Minister of Communications and Digital Economy, Isa Pantami, disclosed that the activities of the … Continue reading Why Federal Government of Nigeria approved national blockchain policy. Read full details!
Protesters gathered at the headquarters of the Central Bank of Nigeria (CBN) demanding the resignation and arrest of CBN Governor Godwin Emefiele over a failed new naira notes policy. The group, under the George Uboh Whistle-blower Network, accused Emefiele of … Continue reading Nigerians demand Governor Emefiele’s arrest and removal in fresh protests at Central Bank headquarters
The German government has announced that it will withdraw its 1,110 troops from the UN mission in Mali over the next year, citing difficulties with the ruling junta. The move comes as part of a strategic shift toward more humanitarian … Continue reading Germany to withdraw troops from Mali by May 2024
Russia claims to have foiled a terrorist assassination attempt against President Vladimir Putin after two drones were shot down over the Kremlin. The Kremlin said the unmanned aerial vehicles were “put out of action” on Tuesday night. The downed drones … Continue reading Russia thwarts drone attack targeting Putin in the Kremlin
Gwom Ali, a 29-year-old man from Plateau State, has been sentenced to 13 years imprisonment by a High Court in Nasarawa State for armed robbery. Ali was arrested by the Nigerian Police Force in November 2020 after a robbery attack … Continue reading Man sentenced to 13 years in jail for armed robbery in Nasarawa
Paris Saint-Germain (PSG) has decided to end its two-year relationship with Lionel Messi after suspending the seven-time Ballon d’Or winner for going on an unauthorized trip to Saudi Arabia. Despite being greeted as a hero by adoring supporters when he … Continue reading PSG’s relationship with Messi to end after suspension for unauthorised trip
Ukrainian President Volodymyr Zelensky denied having any conversations with the White House after classified US intelligence documents were leaked on social media. The leaked documents disclosed sensitive US intelligence collection on allies including Ukraine, South Korea and Israel. The alleged … Continue reading Ukrainian President claims he learned of Pentagon leaks from news reports and not the White House
Adidas shareholders have filed a class action lawsuit against the company for failing to warn investors about the antisemitism and extreme behavior of Kanye West. The lawsuit also alleges that Adidas did not take meaningful precautionary measures to limit financial … Continue reading Adidas faces class action lawsuit over Kanye West’s antisemitic behavior
Charles Awuzie, a Nigerian cyber security expert based in South Africa, has commented on the invitation of award-winning Nigerian singer, Tiwa Savage, to perform at the historic coronation ceremony of King Charles III in the UK Awuzie stated that the … Continue reading Charles Awuzie says Tiwa Savage’s nudes have no impact on her value to Kings
President Muhammadu Buhari will be attending the coronation of Charles III and his wife, Camilla, as King and Queen Consort of the United Kingdom, along with other world leaders. The coronation is scheduled for Saturday, May 6, and will be … Continue reading President Buhari to attend the coronation of King Charles in London
More than 2,000 political prisoners were pardoned by Myanmar’s junta to celebrate Kasone Full Moon Day, a Buddhist holiday, on May 11. The junta issued a statement that prisoners serving sentences under Penal Code 505 (a) were pardoned, a law … Continue reading Myanmar Junta grants amnesty to more than 2,000 political prisoners
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