News

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 …

Edo 2024: Protect Edo State The current national security architecture is inadequate to address our security challenges. Security is local and requires substantial local input to ensure maximum security for our communities. To address food insecurity, we need to encourage agriculture. However, this cannot happen unless: – Recover agricultural lands occupied by foreign shepherds – Securing our farmlands, forests and …

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. Ofili ran 22.05 seconds to finish third fastest overall behind Gabby Thomas and 100m winner Julien Alfred in the semi-final race. There …

Following internal disputes among members, the newly formed Joint Downstream and Midstream Committee specifically to investigate imports of contaminated petroleum products, unavailability of crude oil for domestic refineries and other energy security issues has been disbanded. The development was announced in a statement by House Speaker, Rep. Akin Rotimi on Monday, who revealed that the decision was taken at the …

The organisers of the ‘End Hunger’ protest in Lagos have announced plans to resume the demonstration at Gani Fawehinmi Freedom Park, Ojota, today, Monday, August 5, 2024, regardless of the presidential broadcast. In a statement released on Sunday, August 4, and signed by Hassan Taiwo, Ayoyinka Oni and Adegboyega Adeniji on behalf of the #EndBadGovernanceInNigeria organizing committee, the group expressed …

As Nigerians continue to battle fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited has launched its Utapate crude blend, a new type of crude, into the international market. This development was announced in a statement issued on Monday by Femi Soneye, NNPC spokesperson. He noted that the Utapate crude blend began operations in July, as its first cargo was …