The Nigerian naira experienced a slight uptick against the US dollar on Tuesday, climbing to N1,499/ from its previous record low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This represents a 2.3% increase or N35, as reported … Continue reading Naira strengthens officially but weakens to N1500/$ in parallel market
A gas explosion rocked the Agbado Road area in the Toyin vicinity of Ifako Ijaiye Local Government Area of Lagos State late Tuesday, causing extensive damage to no less than 18 shops, as confirmed by Margaret Adeseye, Director of the … Continue reading Gas tanker explosion in Lagos wipes out 18 shops
The federal government has announced a two million Naira reward for information leading to the arrest of child abuser Mrs. Adachukwu Kukelu Okafor, who allegedly burned the private parts and body of her 10-year-old maid. ALSO READ: FG announces need … Continue reading FG offers N2m bounty for woman accused of abusing 10 year old maid
Gunmen launched an assault on Monday targeting a Nigeria Correctional Service (NCoS) Farm Settlement situated in Umualomoke community, within the Okigwe local government area of Imo State, resulting in the escape of seven inmates. According to Henry Okoye, the spokesperson … Continue reading Imo Prison Attack: Gunmen free seven inmates, fatally shoot police inspector
Lagos State Police Command has brought charges against Bet Naija employee Bojuwoye Adetola and her associate Bunmi Dada for allegedly colluding to steal N16.7 million from a customer, Lukman Issa, who had placed a bet at their outlet in the … Continue reading Bet Naija employee and accomplice charged with alleged theft of N16.7m
A year after its Super Bowl debut in advertising, Temu, an online shopping platform backed by Chinese investors, is intensifying its efforts in its primary market with a second ad during America’s premier event and a whopping $15 million worth … Continue reading Temu amplifies Super Bowl presence, unveils TV ad and $15 million giveaways
Delivery drivers are gearing up for a Valentine’s Day strike, demanding better pay and working conditions. The strike, set to impact major food delivery apps including Deliveroo and Uber Eats, is expected to involve up to 3,000 drivers and riders … Continue reading Delivery drivers plan strike ahead of Valentine’s day
The Borno State Police Command detained a man and a woman after they were allegedly found engaging in sexual activity inside the All Saints Protestant Church Police College. The suspects, identified as Kaka Ali Umar from Damboa road and Khadija … Continue reading Couple caught engaging in sexual activity inside Maiduguri police college church
Rapper Kanye West shared that he garnered $19 million in sales for his Yeezy brand following an advertisement aired during the Super Bowl. The announcement came via a screenshot of a text message purportedly detailing the breakdown of sales figures … Continue reading Kanye West reveals he made $19 million in Yeezy sales after Super Bowl ad
Seun Kuti, the Nigerian afrobeat singer, recently disclosed that he wouldn’t end his marriage if his wife were to engage in infidelity. During the Valentine edition of the TVC program, Your View, both Seun and his wife Yetunde expressed their … Continue reading Seun Kuti: ‘I won’t leave my wife if she cheats on me
In the ongoing trial of Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), the first prosecution witness, Ogau Onyeka Michael, testified on Monday, February 12, 2024, before Justice Hamza Muazu of the Federal Capital Territory High … Continue reading Ex-CBN governor Emefiele approved $6.2m for election observers – Witness
The Nigerian Naira experienced a significant depreciation, reaching a record low of N1,534.39 against the US dollar in the foreign exchange market on Monday. Data sourced from FMDQ revealed this decline from N1,469.97 on Friday, indicating a 4.2% or N64.42 … Continue reading Naira plummets to N1,534 against US dollar in foreign market
Jude Oguejiofor, the 2023 House of Representatives candidate from Anambra State, has been tragically killed by unknown gunmen. Oguejiofor, a lawyer hailing from Orsumoghu in Ihiala Local Government Area of Anambra, resided in Nnewi North Local Government Area. He contested … Continue reading Gunmen assassinate PDP house of representatives candidate in Anambra
Hoodlums launched an attack on officials from the National Agency for Food and Drug Administration and Control (NAFDAC) on Monday during an enforcement operation targeting substandard drugs in Abuja. The incident occurred during a raid at the Area 1 motor … Continue reading Hoodlums attacks NAFDAC officials during enforcement operation in Abuja
An analysis of the latest monthly figures regarding overbilled customers shows that power distribution companies overbilled approximately 7.1 million unmetered electricity consumers between January and September 2023. The Nigerian Electricity Regulatory Commission (NERC), a Federal Government agency, issued Regulatory Interventions … Continue reading Power distribution companies overbill 7.1 million customers in nine months – FG
The Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply of 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited. This initiative is in alignment with the Federal Government’s commitment to … Continue reading Shell delivers 475,000 barrels of crude oil to Port Harcourt refinery
Bwaigu Fungo, a forensic and intelligence analyst with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), disclosed in court that Cyril Ndifon, the suspended Dean of the Faculty of Law at the University of Calabar, forwarded videos sent … Continue reading Suspended UNICAL dean’s phone contains 16 nude videos
The Manufacturers Association of Nigeria (MAN) has contradicted assertions made by the National Agency for Food and Drug Administration and Control (NAFDAC) regarding the recent enforcement of the ban on sachet alcoholic beverages, claiming it was not a collective decision. … Continue reading Disagreement arises between NAFDAC and MAN on sachet alcohol ban
A former executive at TikTok, Katie Puris, has filed a lawsuit against the company, alleging discrimination based on gender and age during her time there. Puris, who worked in marketing at TikTok starting in 2019, claims she faced unequal treatment … Continue reading Ex-TikTok executive files lawsuit alleging gender and age discrimination
Amazon founder Jeff Bezos intends to divest up to 50 million shares of Amazon stock over the next year, as revealed in a regulatory filing published on Friday. At the current market value, these shares would be valued at nearly … Continue reading Jeff Bezos plans potential billion dollar Amazon stock sale this year
Yul Edochie, a former Nollywood actor who has transitioned into a cleric, has proclaimed himself as the most attractive pastor on the African continent. This declaration comes after Edochie recently launched his online ministry, The Salvation Ministry. ALSO READ: 2023 … Continue reading Yul Edochie proclaims himself ‘Most Handsome Pastor in Africa
International money transfer operators (IMTOs) including Western Union, MoneyGram, Rapidtransfer, Ria, and others approved by the Central Bank of Nigeria (CBN) will now exclusively use the Nigerian Naira for international transfers. This directive aligns with recent guidelines issued by the … Continue reading Naira now main currency for international transfers – CBN
The Central Bank of Nigeria (CBN) has introduced a revised consumer protection framework, compelling financial service providers (FSPs) to adhere to minimum standards in their advertising and promotional materials. Among the stipulations is a prohibition on referencing unaudited financial statements … Continue reading CBN bans banks from using unaudited accounts in advertisements
The Bank of Industry (BoI) has announced its plans to distribute a total of N200 billion across three funding categories to bolster support for manufacturers and businesses nationwide. According to a statement released by the development bank, the funds encompass … Continue reading BOI announces N200 billion disbursement to manufacturers and SMEs
Lagos State Governor, Babajide Sanwo-Olu, has announced the allocation of N3.1 billion to support approximately 1,000 retirees who have diligently served the state under the Contributory Pension Scheme. Taking to his official social media platform, the governor expressed gratitude for … Continue reading Lagos set to disburse N3.1 billion to 1,000 retirees
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