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NEWS

LG poll: Kaduna electoral commission releases screening timetable

The Kaduna State Independent Electoral Commission has presented a timetable for the screening exercise for councillors and chairmanship candidates ahead of the local government election slated for October 19, 2024. This is contained in a timetable signed by Mrs Hajara Mohammed, Chairman of the Commission, issued in Kaduna on Friday. […]

todaySeptember 6, 2024 4

BUSINESS

Shell supplies 475,000 barrels of crude oil to P’Harcourt refinery

The Shell Petroleum Development Company of Nigeria Limited said it has completed the supply of 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited. The SPDC said this was in furtherance of the Federal Government’s commitment to increase domestic refining capacity and make petroleum products more readily available in the country. A statement by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson, on Monday disclosed that the company, […]

todayFebruary 12, 2024 33

BUSINESS

Adewole resigns as MD of LivingTrust Mortgage Bank

Mr Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank. His resignation was contained in a corporate notice filed with the Nigerian Exchange Limited stating that he voluntarily resigned his position, ahead of the expiration of his tenure. Adewole became the bank MD in May 2020. During his time in office, Adewole supervised the growth in the bank’s Profit Before Tax which rose from N57m in 2019 […]

todayFebruary 5, 2024 43

NEWS

How gunmen killed my colleagues, Ekiti monarch recounts narrow escape

The Alara of Ara in the Ikole Local Government Area of Ekiti State, Oba Adebayo Fatoba, has narrated how he managed to escape from gunmen who attacked and killed two of his colleagues last Monday. Fatoba, along with two other monarchs from the state – Onimojo of Imojo Ekiti in Oye LG and the Elesun of Esun Ekiti in Ajoni, Ikole Local Government of Ekiti State, were attacked by the […]

todayFebruary 5, 2024 39

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 18

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 51

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 30

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 15

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 11

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 51 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 35 2

BUSINESS

List of Nigerians who own private jets

Owning a private jet in Nigeria isn’t just for convenience, but also a display of wealth and affluence as many Nigerians ranging from politicians, to artists and also pastors have been known to acquire private jets. AMB Reports that on an average, the maintenance of a private jet costs about $500,000 to $1 million (approx. N290 million – N580 million) per year yet people still pay this huge sum. There […]

todayJanuary 29, 2024 48 3

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 37

NEWS

Lagos LP politician, Rhodes-Vivour, repays wife’s debt after social media bashing

Labour Party’s 2023 governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has repaid his wife’s debt following social media bashing. A user on X, Chike Jones, who worked as a writer and social media manager for Afroscientric.com, a project owned by Rhodes-Vivour’s wife, Ify, had alleged that he was owed for over eight months. Reacting to this, Rhodes-Vivour, wrote, “I have spoken to Chika and extended an olive branch in acknowledgement […]

todayJanuary 24, 2024 49

BUSINESS

FG to sell five power plants for $1bn

The Federal Government through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn, it was gathered on Tuesday. Although sources familiar with the development explained that the cost of the plants should exceed $5bn based on international benchmark, they revealed that the BPE was planning to sell the facilities at […]

todayJanuary 24, 2024 43

NEWS

Nigeria seeks US support on G20, UN security council slots

The Federal Government on Tuesday asked for the support of the United States on its membership in the G20  and a seat on the United Nations Security Council. President Bola Tinubu made the request on Tuesday at a bilateral meeting with the US Secretary of State, Antony Blinken, at the Presidential Villa, Abuja. Addressing a joint press briefing after the bilateral discussions, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, said […]

todayJanuary 24, 2024 24

NEWS

Judy Austin congratulates Yul Edochie as he launches online ministry

Judy Austin, the second wife of Nollywood actor, Yul Edochie, has congratulated her husband on the establishment of his online ministry. In a statement shared on her Facebook page on Tuesday, she  wrote, “Finally! One thing I know about God is you can’t escape his call! A big congratulations Eze Dike! Yul launches online ministry “You’ve known this is who you are and now the whole world knows too. “May […]

todayJanuary 24, 2024 12

POLITICS

AFCON: Nsue hat-trick sends Equatorial Guinea top of Group A

Emilio Nsue scored the first Africa Cup of Nations hat-trick since 2008 as Equatorial Guinea beat Guinea-Bissau 4-2 on Thursday to close in on a place in the last 16. Nsue opened the scoring midway through the first half before a sparse crowd at the Ebimpe Olympic Stadium and added two more goals in the second half in a remarkable performance. The result leaves Equatorial Guinea, who held Nigeria 1-1 […]

todayJanuary 19, 2024 34

SPORTS

AFCON: Ivory Coast deports Algerian fan for calling country ‘poor’

The authorities in Ivory Coast have deported an Algerian supporter who was arrested for filming a video in which she used derogatory language towards the 2023 Africa Cup of Nations host nation. According to Actu Foot, Sofia Benlemmane was arrested, deported, and banned from the Ivory Coast for life, following the widespread video that depicted the country in a negative light. “Sofia Benlemmane, an Algerian supporter, was arrested yesterday at […]

todayJanuary 19, 2024 38

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

todayJanuary 19, 2024 35

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