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“Nollywood Grieves Another Loss”

Junior Pope “Anambra State Police Recover Bodies from Recent Boat Accident as Nollywood Mourns Another Loss The Anambra State Police Command has retrieved the remaining three bodies of victims from the recent tragic boat accident along the River Niger coastline. SP Tochukwu Ikenga, the state police spokesman, underscored the importance of safety awareness among water […]

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Wigwe: Ogunbanjo’s Family Files Lawsuit Against Charter Company After Helicopter Crash

Late Herbert Wigwe, wife and Abimbola Ogunbanjo. Photo Credit: Google Family of Late Nigerian Exchange Group Chairman Sues US Helicopter Company Over Fatal Crash The family of the late former Chairman of the Nigerian Exchange Group, Abimbola Ogunbanjo, who perished in a Southern California helicopter crash in February, filed a lawsuit on Wednesday against the […]

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“Nigerian Minister of Poverty Allegedly Found with £19 Million in Bank Accounts”

  The 37-year-old poverty alleviation minister denied any wrongdoing when she was suspended in January.GETTY IMAGES Nigeria Recovers 30 Billion Naira in Corruption Probe, Over 50 Bank Accounts Traced In an ongoing corruption investigation, Nigeria has reclaimed 30 billion naira ($24 million; £19 million), which was found across more than 50 bank accounts, according to […]

Business Issues News Politics

Deadline Set: Banks Given Three Months to Cease Offering Forex-Backed Loans

Nigeria’s Central Bank Intensifies Efforts to Boost Foreign Exchange Liquidity, Mandates Banks to Halt Forex-Backed Loans within 90 Days In an ongoing bid to bolster foreign exchange liquidity within the economy, the Central Bank of Nigeria (CBN) issued a new directive on Monday instructing Deposit Money Banks to cease accepting foreign currencies as collateral for […]

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Obaseki Responds to Edo Assembly’s Decision to Remove Shaibu as Deputy Governor

Governor Obaseki praised the removal of Mr. Shaibu from office, asserting that the state assembly fulfilled its constitutional duty of ensuring checks and balances. Governor Godwin Obaseki of Edo State has commended the removal of his former deputy, Philip Shaibu, from office, stating that the state House of Assembly fulfilled its constitutional obligation of providing […]

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Court Orders Detention of Binance Executive in Prison Custody for Alleged Money Laundering

Breaking: Court remands Binance executive in prison custody over money laundering Federal High Court Detains Binance Executive, Tigran Gambaryan, in Kuje Prison Tigran Gambaryan, a top official of Binance Holdings Limited, was remanded in Kuje prison by the Federal High Court sitting in Abuja on Monday. Trial Justice Emeka Nwite ordered his detention after Gambaryan […]

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Court Orders Emefiele to be Detained by EFCC for Alleged Abuse of Office

Breaking News: Emefiele Remanded in EFCC Custody for Alleged Abuse of Office A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was remanded in the custody of the Economic and Financial Crimes Commission (EFCC) by a Lagos State Special Offences Court sitting in Ikeja on Monday. This followed his arraignment for alleged abuse […]

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Bobrisky Appears in Court, Admits Guilt to Naira Abuse Charges

Popular cross-dresser Idris Olanrewaju Okuneye, famously known as Bobrisky, faced arraignment by the Economic and Financial Crimes Commission (EFCC) at the Federal High Court in Lagos. During the proceedings, Bobrisky admitted guilt to the first four counts related to Naira abuse. The EFCC’s counsel, Suleiman Suleiman, requested the court to dismiss counts five and six, […]

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“Bobrisky: Nigerian Celebrity Arrested for Alleged Naira Abuse”

Bobrisky, seen here in 2016, has more than five million followers on Instagram Bobrisky, a prominent Nigerian celebrity known as a transgender woman, has been apprehended on accusations of mishandling banknotes. The individual, whose legal name is Idris Okuneye, reportedly engaged in the act of “spraying” banknotes during a film premiere held in Lagos, as […]

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“Impeachment Update: Shaibu’s Attorney Withdraws as Panel Presses Forward with Investigation”

Edo State Deputy Governor, Philip Shaibu The seven-member panel, headed by retired Justice S.A. Omonuwa and appointed by Edo State’s Chief Judge, Justice Daniel Okungbowa, opted on Wednesday to proceed with its investigation into allegations of gross misconduct against Deputy Governor Philip Shaibu. Despite objections raised by Shaibu’s counsel, Prof Oladoyin Awoyale (SAN), citing an […]

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Updated: Tinubu Enacts Amendment Bill for Student Loans

President Bola Tinubu President Bola Tinubu, on Wednesday, officially enacted the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. The bill had undergone thorough consideration by both the Senate and the House of Representatives, based on the report of the Committee on Tertiary Institutions and TETFund. In his remarks after signing […]

Issues News Politics Technology

Federal Government Directs Rail Line Connection to Port Harcourt and Onne Ports

Minister of Transportation, Saidu Alkali Federal Government Orders Rail Line Connection to Port Harcourt and Onne Ports The Federal Government has instructed the linking of the Port Harcourt-Aba rail line, currently in the final stages of construction, to the Port Harcourt and Onne Ports in Rivers State to facilitate freight operations. Senator Saidu Alkali, the […]

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NDDC Team Engages Foreign Scholarship Awardees in UK

  NDDC MD, Samuel Ogbuku The Niger Delta Development Commission (NDDC) has initiated the monitoring and evaluation of recipients of its Foreign Post Graduate Scholarship program to assess their academic advancement and well-being in the United Kingdom. Dr. Samuel Ogbuku, the Managing Director of NDDC, announced this during a meeting with the scholars from NDDC […]

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CBN Offloads Forex to BDCs at N1,251/$1 Amid Naira’s Recovery The naira had plummeted to record lows over recent months, dropping from approximately N700/$1 last May to around N2,000/$1 in January, before showing signs of appreciation in March.

  A man exchanges Nigeria’s currency, the Naira, for US dollars in Lagos, Nigeria. (Photo by PIUS UTOMI EKPEI – AFP) Amidst months of unprecedented uncertainties, the Naira gradually appreciates against the dollar, prompting the Central Bank of Nigeria (CBN) to announce the sale of $10,000 to each eligible Bureau De Change (BDC) operator in […]

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Delta State Governor Visits Struggling Community Amid Media Restrictions

Governor Oborevwori Visits Okuama After Tragic Incidents Following the tragic killings of both military officers and civilians in the Okuama community of Ughelli South Local Government Area, Governor Sheriff Oborevwori embarked on a visit to assess the damage firsthand. Despite his intentions to engage with the community, journalists were denied access by the military Joint […]

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Tinubu Urges Chief of Defence Staff to Uncover Perpetrators of Soldiers’ Deaths in Okuoma

ABUJA — President Bola Tinubu has instructed the Chief of Defence Staff to ensure swift action in identifying and punishing those accountable for the brutal killing of soldiers in Okuoma, Delta State. Expressing profound dismay over the incident, President Tinubu extended his condolences to the families, colleagues, and loved ones of the fallen soldiers. In […]

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Breaking News: Tinubu Appoints New Director General of NEMA

President Bola Tinubu President Bola Tinubu has appointed Mrs. Zubaida Umar as the new Director-General of the National Emergency Management Agency (NEMA), replacing Mustapha Ahmed who was appointed by former President Muhammadu Buhari in May 2021. The Presidency highlighted that Umar’s appointment reflects President Tinubu’s commitment to gender inclusion, as stated in a press release […]

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Atiku Joins Calls for Probe into Alleged N3 Trillion Budget Padding

Former Vice President Atiku Abubakar Calls for Investigation into Alleged N3 Trillion Budget Padding Atiku Abubakar, former Vice President and presidential candidate in the 2023 elections, has urged for a thorough investigation into allegations of N3 trillion padding in the 2024 budget. He criticized the Nigerian Senate’s decision to suspend Senator Abdul Ningi, whom he […]

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Yahaya Bello: Kogi Government Accuses EFCC of Pursuing Political Agenda Instead of Combating Corruption

Governor Yahaya Bello Calls for President Tinubu to Investigate EFCC’s Activities in Kogi The Kogi State Government has urged the Economic and Financial Crimes Commission (EFCC) to clarify the motive behind its relentless pursuit and public trial of the former Governor, Yahaya Bello. The government emphasized that there were no missing funds during Bello’s tenure […]

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Witness Details Alleged Contract Awards to Emefiele’s Wife and In-Law

In January, during his re-arraignment, the former CBN governor refuted the accusations. photo of former CBN Governor, Godwin Emefiele. A prosecution witness at the Federal Capital Territory High Court in Maitama recounted how former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, currently facing trial for fraud and corruption charges, allegedly awarded 45 contracts totaling […]