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BUSINESS

Approach Zimbabwe for solution to inflation, Obasanjo tells FG

Former President Olusegun Obasanjo, on Monday, advised that Nigeria should approach the government of Zimbabwe for a solution to the current all-time high inflation in the country. He noted that since Zimbabwe was recently confronted with the same problem and came out of it, the southern African country would have useful advice for Nigeria. In its latest release, the National Bureau of Statistics put Nigeria’s inflation at 29.9 per-cent. The […]

todayMarch 5, 2024 9

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

todayFebruary 28, 2024 53

ENTERTAINMNET

South African police arrest six for murder of rapper, AKA

South African police have apprehended six suspects connected with the murder of popular rapper, Kiernan Forbes, mostly known as AKA, and his close friend, celebrity chef and entrepreneur Tebello “Tibz” Motshoane. The duo were murdered on February 10, 2023, while walking with a friend outside a popular Durban restaurant hours before he was to perform at a nearby club. AKA started his musical profession as part of the rap group […]

todayFebruary 28, 2024 9

NEWS

Tinubu administration not responsible for economic hardship – Sanusi

Former Governor, Central Bank of Nigeria, Mohammed Sanusi, has said it is an injustice to blame the administration of President Bola Tinubu for the current economic hardship the country is facing. Sanusi said the country is battling a failing economy due to mismanaged economic policies of the past eight years. He stated this while speaking virtually on Sunday at a religious event in Abuja. He said he would not join […]

todayFebruary 12, 2024 31

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

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 51

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 44

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