Forced friendship: Wike, Fubara square up again as Villa’s peace deal crumbles

Forced friendship: Wike, Fubara square up again as Villa’s peace deal crumbles

IT is no longer news that the peace pact between the Rivers State Governor, Siminalayi Fubara, and his predecessor and estranged political godfather, Nyesom Wike, has collapsed, following the intervention in October 2023 by President Bola Tinubu, in the wake of the escalating political crisis in the crude oil and gas-rich state. The Minister of the Federal Capital Territory, Nyesom Wike, during a media chat in Abuja on Tuesday, April […]

April 8, 2024 21

NEWS

Kano govt charges Ganduje, wife with $413,000, N1.38bn bribery

The Kano State Government has filed criminal charges against the immediate past governor, Abdullahi Ganduje, over alleged $413,000, N1.38bn bribery. The state said it had assembled 15 witnesses to testify against Ganduje. Joined as co-defendants in the charge sheet dated April 3, 2024, sighted by our correspondent on Thursday, were Ganduje’s wife Hafsat, and his son, Umar. Also listed as defendants were Jibrilla Muhammad, Lamash Properties Ltd, Safari Textiles Ltd […]

April 5, 2024 6

BUSINESS

Top 10 richest women in the world 2024

For the fourth consecutive year, Françoise Bettencourt Meyers, heiress to the L’Oréal fortune, holds the title of the world’s richest woman in 2024. Meyers experienced a significant increase in her fortune over the past 12 months, with her net worth climbing to $99.5 billion, marking the largest gain among women on the 2024 list. However, she falls short of joining the esteemed $100 billion club. This year’s Forbes’ World Billionaires […]

April 3, 2024 56

POLITICS

Anambra police raid insurgents’ hideouts, recover ammunition

The Anambra State Police Command said its Joint Security Force had intensified the manhunt for insurgents who attacked two police stations in the state recently. Some yet-to-be-identified assailants had last Thursday set ablaze the Police Divisional Headquarters in Nneni, Anaocha Local Government Area of state. It was gathered that the hoodlums invaded the facility in the early hours and threw explosive devices that burnt parts of the building. One of the residents […]

April 3, 2024 4

POLITICS

Naira undervalued by 30% – Renaissance Capital

Renaissance Capital Africa report suggests that 2024 has a positive outlook for Nigeria with a strengthening currency and a rise in oil prices. Its latest report on economy review says that at the March 28 level of N1,303/$, the Nigerian naira is still largely undervalued to its long-term average, to the tune of 30 per cent. The research firm also stated that the capital market is setting for a good […]

April 3, 2024 15

NEWS

Troops kill 11 terrorists, recover military uniforms, weapons

Troops of the Nigerian Army in separate operations conducted in Zamafara and Katsina states killed no fewer than 11 terrorists. The terrorists were killed following a raid on terrorist kingpin enclaves in the states. In Zamafara, the hideout of a terrorist leader, Hassan Yantagwaye, in the Tsafe Local Government Area was raided which resulted in a gun battle with two of his men killed in the operation. This was contained […]

April 2, 2024 25

BUSINESS

Electricity tariff hike looms as FG raises gas price

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in the cost of the commodity may lead to a hike in the tariff payable by […]

April 2, 2024 16

POLITICS

Justify N3.25tn security budget, Reps tell NSA

The House of Representatives, on Tuesday, called on the Office of the National Security Adviser to coordinate intelligence and security operations in the country, particularly in Kaduna State, following last week’s abduction of over 200 students in the Chikun Local Government Area of the state by suspected bandits. The lawmakers also expressed worry that in spite of the N3.25tn security and defence spending approved by the National Assembly, the security […]

March 13, 2024 31

NEWS

Budget padding controversy: Ranking senators get N17bn constituency votes, Ningi suspended

Fresh revelations at the Senate plenary, on Tuesday, indicated that ranking senators got N500m each for their constituency projects in the 2024 budget passed by the National Assembly.. According to the Senate rules, any lawmaker who has spent at least a term in the House of Representatives or Senate, is considered a ranking senator. On the list of senators in the 10th Senate, at least 34 of them are ranking. […]

March 13, 2024 32

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