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Public debt stock may hit N130tn by Dec – Report
Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio. This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst for a $1tn Economy, ‘ unveiled in Abuja recently. Nigeria’s public debt stock, which […]
Dangote diesel sulphur triggers concern, marketers fault rejection report
The controversy surrounding the sulphur content in the Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery, has yet to abate. Over the weekend, there were online reports alleging that the diesel recently supplied by the $20bn refinery contained high sulphur. This came as oil marketers stated […]
60-year-old man drowns in abandoned Kano well
Residents of CBN Quarters on Hadejia Road, Kano Metropolis were on Saturday thrown into deep shock following the drowning of a 60-year-old man, Sabi’u Yusha’u Unguwa Uku, who slipped into an abandoned well and drowned. The Public Relations Officer, Kano State Fire Service, Saminu Yusif Abdullahi, confirmed the tragedy to newsmen late Saturday night. According to him, the victim was driving a car belonging to the first wife of the […]
Police detain Lagos teacher for alleged sodomy
A 22-year-old schoolteacher at the Blessed Peace School in Egbeda, Alimosho Local Government Area of Lagos State, identified only as Prosper, has been arrested and detained by the Lagos State Police Command for allegedly sodomising a 10-year-old boy at the school. Our correspondent’s investigation also revealed that the suspect had enticed the survivor to the location on October 18, 2024, by claiming he intended to take him to a spelling […]
PDP slams Tinubu over GCON conferment on Indian PM
The Peoples Democratic Party on Sunday faulted President Bola Tinubu for decorating the visiting Indian Prime Minister, Narendra Modi, with the Nigerian second highest national honour of the Grand Commander of the Order of the Niger.
Ondo poll: LP candidate blames Obi, NLC for defeat
The reinstated Labour Party governorship candidate in Ondo State, Ayodele Olorunfemi, has bemoaned his failure to win Saturday’s election, blaming former Anambra State governor, Peter Obi, and the Nigeria Labour Congress for his predicament. Governor Lucky Aiyedatiwa of the ruling All Progressives Congress was declared the winner by the Independent National Electoral Commission after sweeping the 18 local government areas in Ondo. In the final declaration of the result by […]
Anambra probes alleged assault on ex-chamber of commerce boss
The Anambra State Government has commenced an investigation into the alleged brutalisation of a former President of the Onitsha Chamber of Commerce, Industry, Mines, and Agriculture, Okey Akaneme, by officials of the state Waste Management Agency and police officers. The state Commissioner for Environment, Felix Odumegwu, confirmed the probe when contacted by our correspondent on Monday, adding that while the government does not condone assault, preliminary findings suggested that ASWAMA […]
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