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NEWS

631 Results / Page 8 of 71
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Nigeria, others lose $1.6bn daily to illicit flows – AfDB

The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part of multinationals operating in Africa. This was disclosed by the Chief Economist of AfDB, Kevin Urama, in an exclusive interview According to the International Monetary Fund, illicit financial flows refer to the movement of money across borders that is illegal in its source (e.g. corruption, smuggling), […]

todayDecember 27, 2024 16

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Sokoto accidental bombing: Military blames villagers as ex-gov, others demand probe

The Chief of Defence Staff, General Christopher Musa, has warned civilians harbouring suspected criminals to desist from such acts or face the consequences of their actions. He stated this during his visit to the troops of Operation FASAN YANMA at 8 Division Headquarters in Sokoto. The CDS said this in response to the Christmas day bombing of civilians in two communities in the Silame Local Government by the Nigerian Air […]

todayDecember 27, 2024 14

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I facilitated 30 federal appointments for Niger indigenes – Minister

The Minister of Information and National Orientation Mohammed Idris has revealed that he facilitated 30 federal appointments for Niger State indigenes. Idris made this known in Niger State while responding to a complaint by one of the traditional rulers in his constituency who accused him of not securing any federal appointments for his people since he was appointed as a minister. The minister, in his defence, said, “Since I was […]

todayDecember 27, 2024 14

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CBN blames ageing pipelines for oil revenue crash

The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies. According to the apex bank’s latest economic report for the third quarter of 2024, oil revenue fell by 24.72 per cent to N1.30tn compared to the second quarter of 2024. This drop was largely due to lower receipts from petroleum profit tax and royalties. […]

todayDecember 27, 2024 19

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Boxing Day: Two die, 15 injured in Lagos-Ibadan expressway auto crash

The Federal Road Safety Corps has confirmed the death of two people and 15 others injured in a lone accident involving a Toyota Hiace bus at Saapade on the Lagos-Ibadan Expressway, Ogun State. The spokesperson for FRSC in Ogun, Mrs Florence Okpe, confirmed the incident on Thursday in Abeokuta. Okpe noted that the accident occurred at 4:34 p.m. on Thursday. She explained that the incident was caused by tyre burst, […]

todayDecember 27, 2024 20

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Jimoh Ibrahim donates N10m to Ondo fire victims

Senator. Jimoh Ibrahim, representing Ondo South Senatorial District in the National Assembly, has donated N10m to traders affected by the fire incident at the Caring Heart market in Okitipupa, Okitipupa Local Government Area of Ondo State. Ibrahim, who visited the scene of the fire incident on Thursday, in company of some traditional rulers in the district to assess the level of damage, sympathised with the affected traders. The News Agency […]

todayDecember 27, 2024 11

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Stampede deaths: States list tough conditions for palliative distribution

As part of efforts to prevent tragedies at public events, several states have started the implementation of strict precautionary measures, The PUNCH reports. This comes after 67 people, 35 of them children, died in stampedes in Ibadan, the Oyo State capital; Okija, Anambra State and Abuja during a funfair and food distribution ceremonies. In the rush to secure free food items from the organisers, some of the participants were trampled […]

todayDecember 23, 2024 14

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Davido is a gospel artist – Pastor Tobi Adegboyega

The founder of the Salvation Proclaimers Anointed Church, popularly known as SPAC Nation, Pastor Tobi Adegboyega, has referred to popular musician David Adeleke, popularly known as Davido, as a gospel artist. Speaking on the Off The Record podcast which started trending on Monday, Adegboyega explained that the term “gospel” simply means “good news,” and he believes Davido embodies this through his music. The flamboyant pastor made the remarks while addressing […]

todayDecember 23, 2024 17

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Honda, Nissan in merger talks to counter Tesla, other EV rivals

Japanese auto giants Honda and Nissan on Monday agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles. The two firms, along with Mitsubishi Motors, “have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company,” a joint statement said. Meanwhile, the […]

todayDecember 23, 2024 11

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