News

Senator Ifeanyi Ubah’s demise comes as a shock, says Omo-Agege

  Former Deputy Speaker of the Senate, Senator Ovie Omo-Agege, has expressed regret over the passing away of Senator Ifeanyi Ubah, describing it as deeply shocking and depressing. the late Senator Ifeanyi Ubah Senator Omo-Agege in a statement signed by him said: “Senator Ubah was a very dear brother and confidant. A committed patriot, a highly respected business magnate and …

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NNPC confirms fuel shortage in Lagos, Abuja, cites operational constraints

The Nigerian National Petroleum Company Limited (NNPCL) has blamed the recent crisis in fuel supply and distribution across the country on problems associated with the unloading of some vessels at seaports. NNPCL Head of Corporate Communications, Olufemi Soneye, disclosed this in a statement on Saturday in Abuja. He was reacting to the recent queues seen in some parts of Lagos …

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APC Enugu suspends chairman and 3 others for anti-party activities

The All Progressives Congress (APC) in Enugu State has suspended its chairman, Chief Ugochukwu Agballah, and three other executive committee members over alleged anti-party activities. The state APC Publicity Secretary, Chief Micheal Ezeanyanwu, disclosed this at a press briefing on Saturday in Enugu. He said executive committee members had passed a motion of no confidence in their colleagues following their …

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Oando denies Malta allegations over blending plant

Oando Plc has categorically denied claims circulating on social and digital media platforms that it has a blending plant in Malta. The energy conglomerate also denied allegations that it imported substandard fuel into Nigeria through a Maltese company called Raz Hansir Oil Terminal Limited. In a statement issued by the company secretary, Ayotola Jagun, Oando categorically denied the allegations, stating …

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NGX WEEKLY RECAP: Investors lose N1.32 trillion as equity markets plunge

Investors in the Nigerian equity market enjoyed a poor trading week on the NGX floor after suffering a loss of N1.32 trillion in the just-ended trading week. The stock exchange posted losses on four of the five trading days and rose on only one trading day as the market suffered its second-worst loss of 2024 yesterday. Market capitalization fell by …

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INVESTIGATION…‘I cured thousands of cancer patients’: How Facebook allows spread of health misinformation with digital ads

Meta, owner of Facebook, is allowing health misinformation and disinformation to run freely on its platform, an investigation has revealed. The company publicly commits to fighting misinformation and disinformation around the world, but an analysis conducted on some pages on the platform has documented how a huge health misinformation campaign runs on the Facebook platform, being aided by a massive …

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LATEST: Senator Ifeanyi Ubah dies in London

Senator representing Anambra South, Ifeanyi Ubah died while on a medical trip to the UK. Ubah, a prominent business figure from the southeast region is also the Chief Executive of Capital Oil, which he founded in 2001. More details coming soon… LATEST Post: Senator Ifeanyi Ubah dies in London appeared first on Latest Nigeria News | Headlines from Ripples Nigeria.

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Former NBA president Agbakoba urges Tinubu to emulate Obasanjo on how to raise funds to run the government

Senior Advocate of Nigeria (SAN), Olisa Agbakoba, has proposed a solution to get out of the current financial crisis facing President Bola Tinubu’s administration. Agbakoba, a former president of the Nigerian Bar Association (NBA) called on the government to emulate the strategy adopted by former President Olusegun Obasanjo who had the same problem when he was in power. Agbakoba further …

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Polish Firearms Law Raises Human Rights Concerns

  Poland’s parliament has approved controversial proposals to decriminalize the use of firearms by border guards in self-defense under certain circumstances. A soldier stands guard near the fence on the border between Belarus and Poland NGOs say the legislative changes violate human rights standards, but the government says they are needed to protect the Polish-Belarusian border from increasingly aggressive migrant …

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CBN injects $148 million into forex market amid Naira depreciation

The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market, injecting $148 million into the system. The move comes amid increasing pressure on the naira, which has been steadily depreciating in recent times. The central bank in a statement released on Friday disclosed that the funds were disbursed to 29 authorized dealers on Monday, July 22 and …

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