News

Here are the top 10 stories making headlines across the country. 1. PDP insists Ighodalo as Edo governor candidate despite court ruling The Peoples Democratic Party (PDP) said on Thursday that Asue Ighodalo remains its candidate in the September 21 governorship election in Edo State.Read more 2. NLC condemns further electricity tariff hike, demands cancellation Nigerian Labour Congress (NLC) condemns …

The Court of Appeal, Abuja, on Thursday, stayed judgment in an appeal filed by the Social Democratic Party (SDP) candidate, Muritala Ajaka, and his party challenging the results of the November 11, 2023 governorship election in Kogi State. The Constitutional Court (Court) ruled that Usman Ododo of the All Progressives Congress (APC) was elected governor of the state after sitting …

KuCoin, a leading cryptocurrency exchange, has announced that it will begin collecting a 7.5% Value Added Tax (VAT) on transaction fees for its users in Nigeria. The move follows a recent regulatory update in the country, which prompted KuCoin to introduce VAT. In a statement released on July 3, KuCoin confirmed that the VAT deduction will take effect from July …

Tech startups in Nigeria, Kenya and other African countries saw a massive 57% drop in fundraising in the first half of 2024. Funding analysis firm Africa The Big Deal revealed this in a report released on Thursday. The report revealed that around $780 million will flow into African startups in the first half of 2024. However, the figure is 57% …

Jimoh Ibrahim, a senator representing Ondo South, says a software on his mobile phone, which detects the number of guns around him, detected over 277 guns in the Senate chamber. Ibrahim spoke on the Senate floor on Wednesday, July 3, while contributing to a motion sponsored by Ali Ndume, a senator representing Borno South. Ndume had been addressing the recent …

Investors in the Nigerian equity market lost N133 billion at the end of trading on Thursday. This follows the decline in the prices of stocks such as DAARCOMM, UPDCREDIT, and GUINEAINS among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.6 trillion from N56.7 trillion posted by the exchange …

The naira continued its depreciation against the US dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N8 to trade at N1,520/$1 on the official exchange today. This is higher than the N1,512/$1 it was trading at on Wednesday. The intraday high and low prices recorded during the day were …

A 61-year-old man who has not been identified died after being electrocuted during the rain in Lagos. State police spokesman Benjamin Hundeyin confirmed the news in a post on his X account on Thursday. He said the incident occurred during heavy rain in the Orile-Iganmu area of ​​the state on Wednesday. READ ALSO: Lagos urges calm after floods hit after …

Justice Inyang Ekwo of the Federal High Court in Abuja has ruled that the Edo State Peoples Democratic Party governorship primaries held on February 22, 2024, which resulted in the candidacy of Asue Ighodalo, are invalid. The court issued its judgment in a case marked FHC/ABJ/CS/165/2024, filed by the aggrieved delegates, particularly Kelvin Mohammed, acting as representatives, today, July 4. …

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) with a mandate to strengthen the economy. He also inaugurated the Economic Stabilization Program which aims to ensure food security, increase electricity supply, improve social welfare and health care, increase energy production, and overall economic transformation. In his speech at an event held inside the Council Chamber in …