News

APC members join PDP in Edo

Some All Progressives Congress (APC) members from Oredo local government area of ​​Edo State switched to the Peoples Democratic Party (PDP) on Saturday. The defectors who came from District 1 of Oredo LGA were led by Sidney Egede, an APC chieftain in the area. They were received into the PDP by the state Attorney General and Commissioner for Justice, Oluwole …

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Man arrested on suspicion of killing rival sect members in Ogun

Police officers in Ogun have arrested Adekunle Adebajo over the alleged murder of a suspected member of a rival cult group in Ijebu Ode area of ​​the state. Spokesperson of the state police command, Omolola Odutola, disclosed this in a statement on Saturday in Abeokuta. He said: “Concerned citizens made a distress call to the Divisional Police Station, Igbeba, on …

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Amnesty International alleges more than 1,000 #EndBadGovernance protesters are being held in Nigerian prisons

Amnesty International on Friday alleged that more than 1,000 #EndBadGovernance protesters were being held in prisons across the country. A protest brought together by a group of Nigerians to express their dissatisfaction with the hardships and other socio-economic challenges in the country turned violent in the North with several properties being looted and destroyed by suspected hoodlums. Several Nigerian citizens …

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NNPC denies job sale news

The Nigerian National Petroleum Corporation (NNPC Ltd.) has denied claims that it is selling job vacancies to the public, describing the allegations as a “scam.” In a statement issued on Saturday by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., urged job seekers to disregard rumours of job vacancies being sold, stressing that recruitment is a straightforward process without any …

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FIRS seeks legislative support to regulate crypto industry

The Federal Inland Revenue Service (FIRS) is seeking support from the National Assembly to enact a comprehensive law regulating the cryptocurrency industry in Nigeria. The move comes as the government grapples with the challenges and opportunities presented by this rapidly growing digital asset. FIRS Executive Chairman Zacch Adedeji made the announcement, on Saturday, at a stakeholders meeting with the Senate …

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NMDPRA cracks down on illegal fuel sales amid shortage

The Nigerian Petroleum Regulatory Agency (NMDPRA) on Thursday issued a stern warning to petrol stations against supplying premium motor fuel (PMS), or petrol, to illegal traders. The regulator has vowed to take action against those who violate the directive. In a post on X, the NMDPRA announced that it will suspend the licenses of gas stations found selling fuel to …

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NGX WEEKLY RECAP: Investors rake in N846 billion as equity markets plunge

Investors in the Nigerian equity market had a tough trading week on the NGX floor with losses of N846.53 billion as market capitalization fell to N55.13 trillion from N55.98 trillion the previous week. This follows a loss of N480 billion in the previous week. The stock exchange recorded losses on all five trading days of the week. Market capitalization decreased …

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