News

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured residents that Abuja will undergo an unprecedented infrastructural transformation in 2026, marking a new phase in the city’s development. Wike made the promise on Thursday during the groundbreaking ceremony for the construction of Collector Road CN2, Emmanuel I. Ogala Street, which connects Arterial N16 (Yemi Osinbajo Way) to …

Elon Musk has agreed to settle a $128 million lawsuit filed by several former Twitter executives, including former CEO Parag Agrawal, CFO Ned Segal, and prominent legal advisor Vijaya Gadde. The lawsuit, filed earlier this year, accused Musk of wrongfully withholding promised severance payments under their contract after he took over the company—now renamed X—in 2022. Musk fired CEO Parag …

The Presidency has reaffirmed President Bola Tinubu’s commitment to inclusive economic growth and policies aimed at reducing the burden on the general Nigerian public. ‎Special Adviser on Media and Public Communications to the President, Mr. Sunday Dare, stated this on his verified X account on Thursday. ‎His comments follow a recent World Bank Group report that noted persistent levels of …

The killing of Arise TV journalist, Somtochukwu Maduagwu, penultimate Monday, has brought to the fore the threats posed by criminal elements to the safety of citizens. Maduagwu, who jumped to her death following a robbery attack at her Katampe residence, brought tears and sympathy from her media colleagues and viewers who followed her during her short career with television. Announcing …

…Targets housing projects in Niger, Abuja, Edo Daniel Osiyemi and Hakeem Rahmon Gateway Mortgage Bank Limited announced significant improvement in its financial performance for fiscal 2024, recording growth across key performance indicators despite prevailing economic challenges. The Chairman of the bank, Evangelist Samuel Durojaye, disclosed this on Thursday at the 8th Annual General Meeting (AGM) of the institution held in …

Investors in the Nigerian equity market earned N308 billion at the close of trading on Thursday. This follows a surge in share prices, including shares such as Caverton Offshore Support Group, Eunisell Interlinked Plc and Sunu Assurance Plc on the stock exchange floor. The benchmark All-Share Index (ASI) jumped to 146,204.33 points from 145,719.09 points recorded the previous day. After …

The Lagos Special Offenses Court, Ikeja, on Thursday admitted evidence of WhatsApp chats indicting the former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for fraud and abuse of office worth $4.5 billion. Judge Rahman Oshodi overruled the defense’s objections and admitted WhatsApp conversations submitted by the Economic and Financial Crimes Commission (EFCC) as evidence. He acknowledged …

The Special Offenses Court in Ikeja, Lagos State, has admitted into evidence the WhatsApp conversation accusing former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, of $4.5 billion fraud and abuse of office. The presiding judge, Justice Rahman Oshodi, overruled defense objections and admitted the WhatsApp conversation presented by the Economic and Financial Crimes Commission (EFCC) into evidence. Justice Oshodi …

President Bola Tinubu has granted a posthumous pardon to former Minister of the Federal Capital Territory (FCT), the late Maj. Gen. Mamman Vatsa. Vatsa was executed for treason during the former military President, Ibrahim Babangida’s regime on March 5, 1986. ‎Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement after the State National …

The All Progressives Congress (APC) has disqualified one of its gubernatorial aspirants in Ekiti State, Mr Kayode Ojo. The party’s National Working Committee (NWC) took the decision at its meeting on Thursday in Abuja, following the report of the screening committee set up to vet gubernatorial aspirants. Ojo’s disqualification comes weeks after another candidate, Olajumoke Olawunmi, was dropped from the …