News

Napoli hand Osimhen’s No. 9 shirt to Lukaku, drop Nigerian from squad

Serie A club Napoli have left Nigeria international Victor Osimhen out of their matchday squad following transfer drama on transfer deadline day. Netizens reacted to the treatment meted out to Osimhen by the Italian giants as transfer expectations were not met on Friday. Osimhen was set to join Chelsea but the deal could not be closed due to financial terms, …

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NGX WEEKLY SUMMARY: Stock market dominates as investors gain N348.34 billion

Investors in the Nigerian equity market recorded a bullish trading session on the floor of the Nigerian Xchange Group (NGX) which gained N348.34 billion as market capitalization increased to N55.47 trillion from N55.12 trillion the previous week. This follows a loss of N2.4 billion in the previous week. The exchange recorded gains on four of the five trading days of …

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El-Rufai laments ‘jealousy’ in political circles amid corruption allegations

Nasir El-Rufai, a former governor of Kaduna state, took to social media on Saturday to share his thoughts on what he called “envy” among Nigeria’s political class. His comments come amid allegations of corruption and misuse of government funds during his eight years as governor. The Kaduna State House of Assembly has accused the El-Rufai administration of embezzling ₦432 billion, …

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Nigerian government partners with Chinese firm to bridge 1.4 million smart meter deficit

The federal government has taken significant steps to address Nigeria’s long-standing shortage of electricity meters. In partnership with Chinese companies, the government aims to install over 1.4 million smart meters across the country. The agreement signed between the Bureau of Public Enterprises (BPE), electricity distribution companies (DisCos), and Chinese companies; Ningbo Sanxing Medical and Electric Company Limited, Ningbo Sanxing Smart …

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Former Cross River Governor Duke slams purchase of presidential jet

Donald Duke, a former governor of Cross River state, has slammed the recent purchase of a presidential plane as a “failure of leadership” amid Nigeria’s economic challenges. Speaking on Channels Television’s “Inside Sources” programme on Friday, the Duke discussed the president’s confirmation of the purchase of Airbus A330s to replace the aging Boeing B737-700s acquired during the tenure of former …

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