News

Nigerian equity markets closed the week on a negative note as investors lost N23 billion at the close of trading on Friday. This follows the decline in stock prices such as UPDCREDIT, JULIUS BERGER, and IKEJA HOTEL, among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.5 trillion from …

The naira recovered from its recent slump against the US dollar on Friday to close the week on a positive note. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N11 to trade at N1,509/$1 on the official exchange. The figure is lower than the N1,520/$1 the naira was trading at on Thursday. The …

Turkish defender Merih Demiral has been banned for two matches for making an act linked to a far-right extremist group, ruling him out of Turkey’s Euro 2024 quarter-finals and a possible semi-final. The Al-Ahli defender scored twice in his country’s 2-1 win in the round of 16 on Tuesday, booking the team a place in the quarter-finals against the Netherlands. …

Cristiano Ronaldo was knocked out of the European Championship as Portugal were beaten on penalties by France in their quarter-final on Friday night. After 120 goalless minutes, the two sides had to settle their differences in a penalty shootout, with France emerging victorious. Ronaldo converted his own shot but Joao Felix failed to convert a third for his side as …

Kenya’s President William Ruto has announced that the country’s National Treasury will cut spending to make room for key commitments following anti-government protests. In a live speech from State House, Ruto said the government would table a proposal to the National Assembly to approve massive spending cuts after the 2024 Finance Bill is withdrawn. “Over the past few days, our …

The House of Representatives has decided to investigate the alleged diversion of Rp1.5 billion in funds intended for contractor payments by a key official of the Ministry of Women’s Empowerment. The House Committee on Women Affairs initiated an investigation in Abuja following a petition filed by contractors over non-payment of signed contracts. The committee chairman, Kafilat Ogbara, said the ministry …

The Nigerian Security and Civil Defence Corps (NSCDC) on Friday handed over a convict to the Nigerian Correctional Service (NCoS) in Imo State. The state commander of NSCDC, Mr. Matthew Ovye, handed over the 28-year-old suspect shortly after he paraded the suspect and one other person before journalists in Owerri. Ovye said the suspect, Chinonso Kalu, was arrested by NSCDC …

Nollywood actress and podcaster, Abiola Adebayo, has revealed that the young woman who reportedly committed suicide after admitting on a podcast that she had sex with her dogs is alive. Adebayo said the woman, identified as Adenike Adewodun, faked her death in an attempt to escape public backlash and legal consequences for her actions. The actress made the announcement in …

A faction in the Rivers State House of Representatives led by Victor Oko-Jumbo on Friday vowed to challenge the Court of Appeal ruling declaring Martins Amaewhule as the legitimate speaker of the House. Oko-Jumbo, the chairman of the House faction loyal to Governor Siminalayi Fubara, stated this at a House of Representatives session in Port Harcourt. The Abuja Court of …

The Nigerian Immigration Service (NIS) has rescued five victims of human trafficking in Ivory Coast. The Regional Superintendent of the Seme NIS Regional Command, Abdullahi Adamu, disclosed this at a press conference on Friday. He said the Nigerian Immigration Attaché in Ivory Coast in collaboration with the Nigerian community in the country and several other partners, was working tirelessly to …