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NEWS

Power generation crashes to 59MW after fresh grid collapse

Power generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of Power showed that electricity generation on the grid plunged from 2,658.75MW at 11 am to 59.9MW by 12 noon on Sunday, as power distributors lost supply from the grid. This led to widespread blackouts across the country, as power distribution […]

todayFebruary 5, 2024 19

BUSINESS

NAFEM: Dollar supply rises by 180% as banks sell $440m

Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday. This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week. According to data from FMDQ Security Exchange, forex turnover rose by 180.59 percent to $440.13m on Friday from $156.86m on Thursday. However, aside from commercial banks, the Central Bank of Nigeria, oil firms and multinationals also […]

todayFebruary 5, 2024 62

NEWS

Pregnant woman arrested for killing mother over plantain in Rivers

The Rivers State Police Command has arrested a pregnant woman identified as Blessing Godday for allegedly stabbing another woman, Mrs Imeran Idema, to death over a bunch of plantain allegedly stolen by the former in Adada community in the Abua/Odual Local Government Area of the state. Blessing, 32, who is a mother of nine, reportedly stabbed Idema for trying to stop her from running away with a bunch of plantain […]

todayFebruary 5, 2024 31

NEWS

Kidnapping epidemic: Fundraising for ransom persists, Ekiti pupils’ families pay N15m

Despite warnings by the Federal Government against crowd-funding for ransoms, the practice has continued to gain ground with the abductees and their families raising funds from relatives, friends, and social media to secure the release of kidnapped victims. In Ekiti State, pupils and teachers of Apostolic Faith Group of Schools, Emure Ekiti, who were abducted last week, regained their freedom in the early hours of Sunday. Some parents and other […]

todayFebruary 5, 2024 17

NEWS

Military bombs Katsina terrorists’ hideout

The Nigerian Air Force, on Sunday, said several terrorists were killed during a joint operation by the air component of Operation Hadarin Daji and troops of the Nigerian Army. The service also said terrorists’ hideouts on Tora Hills in the Safana Local Government Area of Katsina State were equally destroyed. In a statement on Sunday, the NAF Director of Public Relations and Information,  Air Vice Marshal Edward Gabkwet, noted that […]

todayFebruary 5, 2024 12

BUSINESS

Naira: Manufacturers plan general price hike

Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar. On Friday, the naira plunged to N1,420/$ at the parallel window of the foreign exchange market. The President of the Manufacturers Association of Nigeria, Francis Meshioye, said  that the naira, which has now remained at over N1,400 in the parallel market […]

todayJanuary 29, 2024 59 1 4

NEWS

Kidnapped Lagos PDP chairman regains freedom

The chairman of the Lagos State chapter of the Peoples Democratic Party, Philip Aivoji, who was abducted by some yet-to-identified gunmen along the Lagos-Ibadan Expressway has regained his freedom. Aivoji was released four days after he was abducted on Thursday. Aivoji and some other party chieftains were abducted at the Ogere area of the Lagos-Ibadan Expressway on Thursday while returning from the party’s Stakeholders’ Zonal Caucus meeting convened by Oyo State Governor, […]

todayJanuary 29, 2024 38 2

NEWS

Tinubu’s arrest, other failed prophecies by Bishop Feyi Daniels

An Ikeja Sexual Offences and Domestic Violence court on Friday, January 26, 2024, sentenced the founder of iReign Christian Ministry, Feyi Daniels, to life imprisonment for raping a church member while “speaking in tongues” at his residence in Lekki. The trial judge, Rahman Oshodi, found the Lagos-based cleric guilty of rape and sexual assault of a female worshipper in his church in 2020. The victim (name withheld) was based in […]

todayJanuary 29, 2024 40

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