News

The Kaduna State Government has reached a truce with the Kaduna Electricity Distribution Company (KAEDC) following a deadlock over a N600 million tax debt. The dispute, which escalated into a physical altercation with the sealing of the DisCo headquarters by the Kaduna Internal Revenue Service (KADIRS) and subsequent power outage to government facilities, has now been resolved. The crisis erupted …

Former Minister of Education, Oby Ezekwesili, has outlined three actions he believes the Federal Government should take to end the #EndBadGovernance nationwide protests which entered its sixth day on Tuesday. In a post on his verified X account on Monday night, Ezekwesili said that instead of showing off by security officials by attacking protesters, and also President Bola Tinubu’s order …

Minister of Agriculture and Food Security, Abubakar Kyari, said on Sunday that the Federal Government was forced to import food items due to the sluggish production season. The minister, who appeared on Channels Television’s programme, Sunday Politics in Abuja, assured Nigerians that food inflation would soon be a thing of the past. He stressed that Nigeria would soon experience a …

The Indigenous People of Biafra (IPOB) has sharply criticized those behind the “IgboMustGo” campaign in the South-West geopolitical zone, insisting that it is high time for a referendum to determine the Igbo’s exit from Nigeria. IPOB expressed disgust at the South-West authorities’ dismissive attitude towards the campaign and asserted that the Igbo people were settled and unaffected by such threats. …

Nigeria’s military announced Monday that people who raise Russian flags during ongoing nationwide protests are committing treason and will be “prosecuted.” Chief of Defence Staff General Christopher Musa made the remarks after a National Security Council meeting chaired by President Bola Tinubu at Aso Rock Villa, Abuja, stressing that the act was “totally unacceptable” and would amount to a treasonable …

The Nigerian Police National Cybercrime Centre has arrested 16 suspects in connection with a financial fraud involving Interswitch Limited, a major African digital trading platform, and has recovered cash and property worth N3.9 billion from the suspects, with efforts ongoing to recover additional funds. In a joint press conference on Monday in Abuja, Department of State Services (DSS) spokesperson Peter …

Nigerian equity market started the week on a bearish note as investors lost N92 billion by the end of the trading session. This follows a decline in share prices such as CHAMS, UPL and OMATEK among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to N55.405 trillion from N55.497 trillion recorded …

Nigeria’s currency, the naira, strengthened against the US dollar on Monday, August 5, 2024. The local currency strengthened by N10 at the start of the week to N1.607/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.617/$1 traded on Friday, August 2, 2024. The highest and lowest intraday prices …

Nigeria’s Blessing Oborodudu lost in the semi-finals of the 68kg freestyle wrestling at the 2024 Paris Olympics. Oborodudu made it two Olympic semifinals on Monday morning when he defeated France’s Koumba Larroque 6-2 in a hard-fought quarter-final clash. But the Nigerian star will now battle for a bronze medal after she lost 3-1 to Kyrgyzstan’s Meerim Zhumanazarova in the semi-finals. …

Nigeria’s Favour Ofili has reached the women’s 200m final after failing to participate in the 100m due to administrative issues. Ofili became the first Nigerian woman to qualify for the 200m final at the Olympics in 28 years since Mary Onyali did so in 1996. Ofili ran 22.05 seconds to finish third fastest overall behind Gabby Thomas and 100m winner …