News

  • Uncertainty in Ibadan over Olubadan’s stool

    There are indications that all may not be going as planned with activities leading to the selection of the next Olubadan following the death of the 42nd Olubadan, Oba Lekan Balogun. According to tradition, the enthronement process for the next in line to the throne of the Olubadan was expected…

  • We spent over N23bn in funding research over Nigeria — TETFund

    The Tertiary Education Trust Fund, TETFund, says it has spent over N23 billion to fund 912 research projects across the country. TETFund’s Assistant Director, Research and Development, R&D, Dr. Hadiza Ismail, revealed this at a validation workshop on “Strengthening Research and Innovation Funding Agencies in West Africa,” in Abuja on…

  • Just in: Ondo governorship aspirant, Akintelure is dead

    One of the frontline governorship aspirants of the All Progressives Congress (APC) in Ondo State, Paul Akintelure, is dead. Before his untimely demise, Akintelure had raised concerns about both direct and indirect threats to his life. He had expressed hope that the situation would improve over time but sadly, it escalated as the…

  • Over 38,000 corps members thriving as entrepreneurs – NYSC DG

    The National Youth Service Corps (NYSC) has said that over 38,000 corps members have successfully ventured into entrepreneurship and are thriving as business owners. The Director General of the NYSC, Brigadier General Yushau Ahmed, made this known during his keynote address at the Skill Acquisition and Entrepreneurship Development (SAED) Stakeholders’…

  • CBN directs BDCs to sell dollar at N1,269

    The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available and signed by the bank’s Director, Trade and Exchange Department, Dr Hassan Mahmud on Monday. The apex bank directed each BDC to…

  • Nigerians may spend over N725bn on 2024 Hajj

    Nigerians may spend over N725.1bn on the 2024 edition of the annual Hajj exercise to the Holy lands of Makkah and Medina. This is following a directive by the National Hajj Commission of Nigeria, urging pilgrims to pay an additional N1.9m balance in accordance with current foreign exchange rates, before…

  • Hardship: Tinubu opts for low-key 72nd birthday celebration

    As  Nigerians continue to experience hardships occasioned by policy reforms of the present government, President Bola Tinubu has cancelled any form of celebration for his 72nd birthday, enjoining associates not to place goodwill messages on radio, television and in newspapers. President Tinubu, according to a statement issued by his Special…

  • Poor power supply: FG moves to take over BEDC, sack management — INVESTIGATION

    Barely a month after the takeover of Kaduna DisCo over a N10 billion debts, the federal government has concluded plans to take over  Benin Electricity Distribution Company, BEDC, over alleged prolonged poor performance. BEDC, one of the successor distribution companies, created, following the unbundling and privatization of the state-owned Power…

  • FG asks applicants to submit NINs for trade grants

    The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers as part of the necessary requirements to obtain a grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country. The government…

  • Binance executive reportedly escapes from custody in Abuja

    One of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, Nadeem Anjarwalla, has reportedly escaped from police custody.  Premiumtimes reports that security sources say Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague were being detained…

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