News

The excravos of the operational base forward (FOB) of the Nigerian Navy claims to have deactivated three illegal refining sites in the delta. The captain of the navy Ikenna Okoloagu, the FOB Escravos commander, revealed it on Thursday to journalists in Warri, Delta. Okoloagu said that illegal refining sites were deactivated on Monday by the staff of the base following …

Investors in the Nigerian equity market lost N31 billion at the close of trade on Thursday. This follows a decrease in stock prices such as John Holt, Chams, and NSLTech, among others, on the trading floor. After five hours of trading in the capital market, the capitalization of equity fell to ₦ 66.11 trillion from ₦ 66.14 trillion posted by …

On Thursday, the Federal High Court, Abuja, was improved May 8 for an assessment in a lawsuit filed by Multichoice Nigeria Limited on Federal Competition and the Consumer Protection Commission (FCCPC). The company is trying to stop FCCPC sanctions for increasing the new DSTV and GOTV subscription. Hakim James Omotosho set the date after the legal counsel for Multichoice, Moyosore …

The officials who press pressure for Golf to include a mixed competition at the 2028 Los Angeles Olympics are “optimistic” that the proposal will be accepted by the International Olympic Committee. An meeting on Monday will listen to the presentation of the Golf to include a two -day mixed event, which would be staged between the individual male and female …

Nigerian National Petroleum Company (NNPC) Limited has announced its readiness to the capital market with the initial public offering (IPO) now in the final stage. Financial Relations Officers and Corporate Investor (CFIO), Mr. Olugbenga Oluwaniyi, revealed this at a consultative meeting with partners at NNPC Towers, Abuja, on Thursday. He said the move was in line with the provisions of …

Bill that wants to change the Election Law, 2022, increases the second reading in the Senate on Thursday. This bill is trying to overcome the existing gap, reduce the cost of election, and enable the selected office holders to serve as ad hoc delegations in the political party convention. The ratification of the bill followed the main debate presentation on …

In a disturbing turning point of events, 10 suspicions kidnappers with several assorted rifles, ranging from Ak47 to the rest were presumably burned alive by an angry crowd in Uromi, in the state of Edo, in the early hours of Thursday 27 March 2025. The accident aroused concerns widespread for the jungle justice in the face of public anger. According …

International Monetary Funds (IMF) on Thursday urged the Nigerian government to accompany economic stabilization policies with social welfare programs targeted to support the most vulnerable population in the country. IMF Communication Director, Julie Kozack, made a call during a routine press conference at the IMF headquarters in Washington, DC. Kozack acknowledged the challenges faced by many Nigerians and emphasized the …

The Safe Haven Operations Forces (Opsh) have arrested the main suspect in the abduction of a priest attached to the Catholic Diocese of Kafachan, Kaduna State, Rev. Fr. Sylvester Okechukwu. Okechukwu was kidnapped on March 4 at his residence in Tachira, the Kaura Regional Government in the state by a group of armed people. He was later found dead on …

Thursday the Senate asked for transparency in the current negotiations for the sale of Lafarge Cement Plc to Chinese investors. He specifically asked the Bureau of Public Enterprises (BPE) to ensure that the “divestment process gives priority to national security and economic sovereignty”. The Senate approved the resolution following a motion moved by Sen. Salisu Afolabi (Ogun-Central), who told his …