News

Nigeria is grappling with a complex and multifaceted insecurity crisis, marked by increasing cases of kidnapping, banditry, terrorism and communal clashes. The country’s northwest is particularly affected, with Zamfara, Kaduna and Niger states being hotspots for violence. The Boko Haram insurgency in the northeast also continues, while separatist movements in the southeast and southwest add to the security challenges. The …

  With less than two months to go until the US presidential election, Donald Trump and Kamala Harris will face off in their first debate on Tuesday. David Muir and Linsey Davis: Hosts The Republican former president and Democratic vice president remain in a tight race, both nationally and in swing states. JD Vance and Tim Walz to attend vice-presidential …

  A few months ago, during a history lesson at Seven Mountains High School in Bad Honnef, a 10th grade class had the idea to make history themselves. By submitting a motion, the class wanted to ensure that the town of 25,000 near Bonn in western Germany officially renounced one of its honorary citizens, Nazi dictator Adolf Hitler. Nazi dictator …

The Department of State Services (DSS) has reportedly granted administrative bail to Nigeria Labour Congress (NLC) President Joe Ajaero, following widespread condemnation of his arrest and detention. Ajaero was released on Monday evening, as announced by pro-democracy activist and African Action Congress presidential candidate Omoyele Sowore on social media. The NLC also confirmed to media crews that its leader had …

The Economic and Financial Crimes Eradication Commission (ECRC) on Monday arraigned Ibrahim Shuaibu at the Kaduna State High Court for alleged fraud amounting to N100 million. The defendant was charged with seven counts of breach of trust, impersonation and obtaining information by false pretenses. In a statement posted on his X account, the commission accused Shuaibu of falsely representing himself …

Officers of the Department of State Services (DSS) on Monday surrounded the offices of the Socio-Economic Rights and Accountability Project (SERAP) in Abuja. The NGO revealed this in a statement uploaded to its X account. He described the action as “unlawful occupation.” He urged President Bola Tinubu to immediately intervene to protect the rights of Nigerians. SERAP revealed in the …

The National Bureau of Statistics (NBS) said on Monday revenue generated from Value Added Tax (VAT) rose to N1.56 trillion in the second quarter of this year. The figure shows a 9.11% growth in VAT revenue when compared to the N1.43 trillion recorded in the first quarter. The agency revealed that revenue generated from Corporate Income Tax (CIT) for the …

The death toll from a petrol tanker explosion after colliding with another vehicle has risen to 59. The incident occurred on Sunday along the Lapai-Agaie road, about 2 kilometers from Dendo Community in Agaie LGA, Niger State. The petrol tanker collided head-on with another truck carrying over 60 people and 50 cows from Kano to Lagos. Abdullahi Baba-Arab, director-general of …

The Nigerian equity market started the week on a negative note on Monday, September 9, 2024 as investors lost N111 billion at the end of the trading session. This follows a decline in share prices such as JBerger, Transpower, and UPL among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped to …

The Naira started the week on a positive note against the US dollar in the official window on Monday, September 9, 2024. The local currency was trading at N1,580/$1 on the official window to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,580/$1 is N13 lower than the N1,593/$1 the currency was trading at on the …