President Bola Tinubu has discharged Mr. Babatunde Irukera, head of the Federal Competition and Consumer Protection Commission (FCCPC), and Mr. Alexander Okoh, Bureau of Public Enterprises (BPE) head. This action was confirmed in a statement by Chief Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, as part of a strategic overhaul of critical Read More…
Nigerian stocks extended gains for the fifth session on Monday, led by banks to push the main index past a psychological threshold of 80,000 points for the first time ever, according to LSEG data. The All Share Index closed 0.83% up at a record 80,328.58 points. “Stocks have leapt 6.5% in early 2024 trading, extending Read More…
Nigeria’s Dangote oil refinery, funded by Aliko Dangote at a cost of $20 billion, is set to commence test runs potentially this week following the arrival of its sixth crude cargo on Monday, as disclosed by company officials. The refinery, with a capacity of 650,000 barrels per day (bpd), marks a significant milestone after enduring Read More…
Niger’s military tribunal announced the provisional release of Mohamed Bazoum Salem, the son of deposed President Mohamed Bazoum, from house arrest in Niamey, according to a statement released on Monday. Salem, aged 23, had been under detention at the presidential residence, alongside his parents, since the military coup that ousted his father from power in Read More…
U.S. Secretary of State Antony Blinken arrived in Tel Aviv on Monday to brief Israeli officials on his two days of talks with Arab leaders on ending the Gaza conflict, which has created a worsening humanitarian crisis. Blinken is due to meet Israeli leaders on Tuesday in his quest to prevent the conflict from growing Read More…
Nigeria’s table tennis sensation, Quadri Aruna, kickstarted the new year by climbing the International Table Tennis Federation (ITTF) world ranking ladder. Aruna’s outstanding performance in the World Table Tennis (WTT) Finals bolstered his position to 14th in the latest ITTF rankings. At the WTT Finals in Doha 2023, Aruna orchestrated a remarkable turnaround, overcoming a Read More…
In a final 2023 Africa Cup of Nations (AFCON) warm-up match, Nigeria’s Super Eagles faced a 0-2 defeat against Guinea’s Syli Nationale at the Bani Yas Stadium in Abu Dhabi. The game played behind closed doors, resulted in the Nigerian team’s unexpected loss. The clash followed Nigeria’s impressive 12-0 victory over Al Gharbia FC, a Read More…
The Economic and Financial Crimes Commission (EFCC) has vowed to appeal a court ruling that awarded N100 million damages to a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his detention by the anti-graft agency. Emefiele, who served as the CBN governor from 2014 to 2019, was arrested by the EFCC Read More…
In a decisive move aligning with his commitment to transparency and accountability, President Bola Tinubu has taken swift action by suspending Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation. The suspension comes as part of a broader directive to investigate the financial transactions within the Ministry and its associated agencies. President Tinubu highlighted, Read More…
In an unfortunate incident on Monday, a truck driver lost his life in a multiple collision involving two other trucks on the Ojuelegba Bridge in Lagos, as disclosed by Dr. Olufemi Oke-Osanyintolu, the Permanent Secretary at the Lagos State Emergency Management Agency (LASEMA). Confirming the tragic event, Oke-Osanyintolu revealed that the collision occurred at 1:37 Read More…
