News

Investors in the Nigerian equity market lost N46 billion at the close of trading on Tuesday. This follows the decline in share prices of stocks such as UPL, JOHN HOLT and OMATEK among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.8 trillion from N56.9 trillion posted by the …

Corps members kidnapped by gunmen in Ifon community, Ose Local Government Area of ​​Ondo State, have been released after paying a ransom of 5 million naira. The affected NYSC members, three women and two men, were named Adewole Oluwaseun, Oluwadara Feranmi, Andrew Patience, Oribamise Taiwo and Ajayi Lekan. Recall that the corps members were kidnapped on July 18 along Ifon-Owo …

The Economic and Financial Crimes Eradication Commission (EFCC) has arrested a banker, Kamaluddeen Lawal, and three businessmen for destroying naira notes in Kano State. EFCC Head of Media and Publicity, Dele Oyewale, said the banker was arrested alongside Ismail Ilu, Lamido Bala and Abba Mohammed at Unity Road, Kwari Canteen Market in Kano State following intelligence about their activities. He …

US Vice President Kamala Harris raised a record $81 million for her presidential bid in the first 24 hours after President Biden announced he would not run again and then endorsed her.According to the Harris campaign, more than 880,000 donors have contributed to Harris’s campaign, the Democratic National Committee and joint fundraising committees.“The historic outpouring of support for Vice President …

The founder of South Korean tech company Kakao was arrested on Tuesday on suspicion of stock price manipulation. State media reported that a district court in Seoul issued an arrest warrant for Kim Beom Su. The decision was justified by the risk that the 58-year-old businessman could flee or destroy possible evidence. Kim and his company’s management are suspected of …

The Quick Response Team from the Nigerian Navy’s Forward Operating Base, Bonny, as part of Operation Delta Sanity, was involved in a firefight with suspected crude oil thieves in Elem-Akrakama and Elem-Tombia, Rivers State. The suspects, armed and aboard two speedboats, attempted to flee to their camp, but were pursued by Navy personnel. Drone surveillance was activated, forcing the suspects …

The Lagos State Government said on Wednesday that the state’s Red Line Railway Public Transport (LRMT) will commence operations in September. The Managing Director of the Lagos State Metropolitan Area Transport Authority (LAMATA), Mrs. Abimbola Akinajo, disclosed this at a press conference organised by the Ministry of Transport and its agencies on Tuesday in Lagos. He said the Red Line …

In a major breakthrough, Joint Task Force Operation Hadin Kai has successfully rescued another Chibok girl from Sambisa Forest in Borno State. Theatre Commander, Major General Waheed Shuaibu, announced the rescue as he formally handed over the girl, Ehi Abdul, and her two sons to the Borno State government at Maimalari Cantonment in Maiduguri on Monday, July 22. According to …

Less than 10 days to go. That is if the planned protests against hunger, poverty, bad governance, and so on actually happen. The protests are scheduled for August 1-10. The organizers have a name for it: Days of Rage. The protests are designed to happen simultaneously across the country for 10 days straight. Unless Nigeria changes, this project and especially …

The Bauchi State chapter of the People’s Redemption Party (PRP) has rejected what it called an attempt by Governor Bala Mohammed’s administration to cover up its ‘shameless record’ in the state. The PRP in a statement issued on Tuesday by its Secretary in the state, Abdulazeez Haruna, accused Mohammed leads a government full of fraud, manipulation and disregard for democratic …