News

Davido may drop Imade’s custody battle after Sophia Momodu comments on Ifeanyi’s death in her lawsuit

Nigerian pop star David Adeleke popularly known in the music world as Davido has dropped the biggest hint yet about ending his daughter Imade’s custody battle after his baby’s mother Sophia Momodu made a statement about Ifeanyi’s death. Davido made the remark after she filed a counter-suit with the Lagos State High Court on April 17, 2024, against Davido’s request …

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NGX WEEKLY SUMMARY: Investors lose N20.75 billion as equity markets plunge

It has been a forgettable week for investors in the Nigerian equity market after suffering a cumulative loss of N2.75 billion in the just ended trading week. The exchange recorded losses on three of the five trading days and made profits on two trading days. Market capitalization dropped to N56.58 trillion from N56.60 trillion the previous week as the All …

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Nigeria pushes for ECOWAS single currency, despite challenges

Nigeria’s Finance Minister, Wale Edun, has reiterated his country’s commitment to implementing the Economic Community of West African States (ECOWAS) single currency, ECO. This is despite recent setbacks, with the convergence rate among member states falling to 29.2% in 2023, well below the adoption target. Edun’s remarks, delivered during a virtual high-level committee meeting on Friday, signaled a renewed push …

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Nigeria eyes domestic ethanol production with cassava

Nigeria’s Minister of Innovation, Science and Technology, Uche Nnaji, on Friday, announced plans to develop domestic ethanol production using cassava as a feedstock. The initiative, marked by a Memorandum of Understanding between Montserrado Investments and the Federal Institute of Industrial Research Oshodi (FIIRO), aims to establish a cassava-based ethanol plant in Ekiti State. The project promises two benefits: economic and …

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10 headlines from all newspapers in Indonesia, Saturday, July 6, 2024

Here are the top 10 stories making headlines across the country. 1. Court orders final seizure of property of convicted retired thief Maina Justice Joyce Abdulmalik of the Federal High Court, Abuja, on Friday, ordered the final seizure of at least 20 properties linked to the former Chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina. Read more …

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FCT Police and Army Raid Bandit Camps, Arrest 6 Suspects – TrendyNewsReporters

Operatives of the Federal Capital Territory Police Command and troops of the Nigerian Army Guards Brigade have arrested six suspects during joint clearance operations at a bandit camp. The command spokesperson, SP Josephine Adeh, who disclosed the incident in a statement issued on Friday, July 5, 2024, said the bandits confessed to being involved in a series of kidnappings in …

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Court orders final seizure of property of convicted retired thief Maina

Justice Joyce Abdulmalik of the Federal High Court, Abuja, on Friday, ordered the final forfeiture of at least 20 properties linked to the convicted former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina. The judge in his ruling stated that the Commission for the Eradication of Economic and Financial Crimes (KPK) had proven its case beyond a reasonable …

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