News

For the fourth straight day this week, the downward trend in the Nigerian equity market continued on Thursday as investors lost N84 billion at the close of trading. This follows a decline in share prices such as OANDO, ABCTRANS, and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to …

Police officers in Kaduna have arrested two siblings for allegedly burying a man alive in the Zaria area of ​​the state. State police command spokesman, ASP Mansir Hassan, confirmed the development in a statement on Thursday in Kaduna. He said the suspect was arrested after a video showing a person buried with only his head left was circulated to the …

A 14-year-old boy has been taken into custody by the Edo State Police Command for allegedly sexually assaulting a 6-year-old girl in Sobe community, Owan West Local Government Area. The suspect reportedly lured the minor girl to his residence and perpetrated the heinous act. The victim’s father initially reported the incident to the police but later sought to withdraw the …

The Defence Headquarters has announced that the military has destroyed 84 illegal refinery sites and denied stealing crude oil worth N943.16 million in the Niger Delta region. Major General Edward Buba, Director of Defense Media Operations, said the military had made significant progress in combating crude oil theft and illegal refining. “We have not achieved the daily crude oil production …

NASCON Allied Industries PLX, a subsidiary of Dangote Industries Limited, as part of its social investment initiatives, during the week inaugurated and handed over a borehole to one of its host communities, Alayabiagba Community Ajegunle, in Ajeromi Ifelodun LGA, Lagos. The move is to help address the water scarcity issue in the community. L–R, NASCON Allied Industries PLC, Human Resources …

The Military High Command has appealed to Nigerians to divert the energy and support shown during recent protests against bad governance towards the fight against insecurity and criminality. Major General Edward Buba, Director of Defense Media Operations, made the call on Thursday, stressing that the military cannot address the problem alone. Buba noted that the protests, which took various forms …

Sen. Monday Okpebholo: Family man and visionary leader. In a touching display of family values ​​and dedication to public service, Senator Monday Okpebholo took his two adorable daughters with him on his campaign trail in Benin City, the Edo State capital. The touching moment showcased his devotion to his family and his passion for building a better future for the …

For the first time since December 2022, Nigeria’s headline inflation rate fell to 33.40 percent in July 2024, the latest data from the National Bureau of Statistics (NBS) showed. This figure is down from 34.19 percent in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last fell to 21.34 percent. The …

Up-and-coming tech company Sahara AI has received $43 million for its ambitious goal of integrating blockchain technology with artificial intelligence to create a decentralized collaborative platform. Leading investors in this investment round include Matrix Partners, Samsung NEXT, and Pantera Capital, with contributions from Polychain Capital and Binance Labs. In the AI ​​business, where large, centralized companies typically dominate the creation …

    Billionaire Richard Lugner has died at the age of 91, just two months after marrying his sixth wife, Simone Reiländer. The Austrian businessman died on Monday, August 12, at his villa in Vienna, according to Agence France-Presse. Emergency services were unable to revive Lugner after he rushed home on Monday, the US Sun newspaper reported. According to the …