Nigeria is bracing for one of its worst hunger crises, with more than 30 million people expected to be food insecure next year. This represents a one-third increase from this year, driven by economic hardship, according to a joint report by the Nigerian government and the United Nations released on Friday. The report highlights the Read More…
Day: 1 November 2024
29 Nigerian children face death penalty for protesting cost-of-living crisis
In a shocking development, twenty-nine Nigerian children are facing the death penalty after being arraigned for participating in protests against the country’s escalating cost-of-living crisis. The children, aged between 14 and 17, were among 76 protesters charged with multiple felony counts, including treason, destruction of property, public disturbance, and mutiny. The arraignment took place in Read More…
Moniepoint achieves ‘unicorn’ status with $110 Million investment
In a significant milestone for Nigeria’s fintech sector, Moniepoint has achieved “unicorn” status after raising $110 million from investors, including Google. This development is a rare bright spot in an otherwise challenging funding environment for African technology companies. The funding round, led by London-based private equity firm Development Partners International (DPI) and supported by Google’s Read More…
President Tinubu rejects NEC’s proposal to withdraw tax reform bills
President Bola Tinubu has decisively rejected the National Economic Council’s (NEC) recommendation to withdraw the proposed tax reform bills currently before the National Assembly. This decision underscores his commitment to allowing the legislative process to proceed, ensuring that necessary inputs and changes can be made without withdrawing the bills. “The legislative process, which has already Read More…
Akwa Ibom Governor reassures public on economic benefits of multi-billion Naira Ibom Towers project in Lagos
Governor Umo Eno of Akwa Ibom State has addressed concerns surrounding the multi-billion naira 18-storey Ibom Towers project in Lagos. Amidst criticisms from individuals and Civil Society Organisations (CSOs) about potential capital flight from Akwa Ibom State, Governor Eno has reassured the public of the project’s benefits. During the project’s flag-off in Victoria Island, he Read More…
Cakasa Ebenezer Foundation transforms lives of Mushin primary school pupils through ‘Kit-a-Child Phase 5’
Friday, September 27th, 2024, marked an unforgettable day for 1,040 pupils across selected primary schools in Mushin Local Government Area (LGA), Lagos State, as Cakasa Ebenezer Foundation (CEF) brought smiles and essential school supplies to these young learners through its impactful Kit-a-Child Programme Phase 5. This annual initiative, timed to support the 2024/2025 school year, Read More…
Governor Sanwo-Olu denies suing EFCC over alleged arrest plans
The Lagos State Government has denied claims that Governor Babajide Sanwo-Olu has sued the Economic and Financial Crimes Commission (EFCC) over an alleged plan to arrest, detain, and prosecute him after his tenure ends in 2027. “Our attention has been drawn to the news circulating in a section of the media, titled: ‘Sanwo-Olu Sues EFCC Read More…
43-year-old realtor goes missing in Lagos as community calls for action
The disappearance of Jimi Folarin, a 43-year-old realtor, has sent shockwaves through the community of Imota, Ikorodu. Folarin was last seen on Wednesday at 4 pm when he left his house to inspect properties for a client. His sister, Iremide Omowunmi, reported that he hasn’t been reachable since. “At about 4 PM, my brother called Read More…