News
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Sex-for-mark: Suspended UNICAL don still in prison after N250m bail
The embattled suspended Dean of the Faculty of Law at the University of Calabar, Cyril Ndifon, was on Wednesday granted a bail of N250m, by the Federal High Court in Abuja. Justice James Omotosho granted him bail on self-recognisance and released him to his counsel, Okon Efut, (SAN), to enable…
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Sanwo-Olu hails Otedola’s N1bn security donation
The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Wednesday, received a donation of N1bn from renowned philanthropist and entrepreneur, Mr Femi Otedola, to support the state’s security architecture through the Lagos State Security Trust Fund. The governor received the donation in the company of the Chairman, LSSTF, Mr Kehinde…
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Poor basic education funding bane of sector’s devt
According to the mandate given the Universal Basic Education Commission, UBEC, the statutory body charged with managing the basic education sector (primary school to junior secondary school level) in Nigeria, “Every Government in Nigeria shall provide free, compulsory and universal basic education for every child of primary and junior secondary school…
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Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank of Nigeria announced it has cleared $2bn as part of its backlog obligations.On Monday, the apex bank disclosed it paid $2bn…
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FG plans N450bn power intervention fund
The Federal Government is set to spend N450bn on power interventions in 2024. This is according to the budget analysis of the Nigerian Bulk Electricity Trading Company. Under the firm’s capital expenditure, N450bn was budgeted for ‘FGN Power Intervention Fund.’ The Government Owned Enterprise’s expenditure intends to spend a total…
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Osimhen promises AFCON trophy for World Cup miss
African Player of the Year, Victor Osimhen, hopes to turn the suffering of Nigerian supporters into joy with an Africa Cup of Nations title. The Napoli forward beat Egypt’s Mohamed Salah and Morocco’s Achraf Hakimi to become the first Nigerian winner of the player award since Nwankwo Kanu in 1999.…
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NNPCL posts over N2tn profit
The Nigerian National Petroleum Company Limited, on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977 and the largest asset holder within the Nigerian oil and…
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TB Joshua: SCOAN faults BBC report, ex-disciple knocks late prophet
A public affairs analyst and member of the Synagogue Church of all Nations, Mr Dare Adejumo, on Tuesday, faulted the BBC documentary on the Founder of SCOAN, late Temitope Babatunde Joshua, known as TB Joshua. He described the documentary as unfounded, noting that the characters interviewed in the report were…
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Nigerians hail Tinubu as president trims foreign trips entourage
Nigerians on Tuesday hailed President Bola Tinubu for slashing his entourage size for domestic and international travels by 60 per cent, in a decisive step to cut excessive travel spending. The austerity measures apply to all federal ministries, departments and agencies, the Office of the President, Office of the Vice…
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Boat accident claims 20 in Rivers
About 20 persons, including children, are feared dead in a boat accident that occurred along the Andoni-Bonny coastal waters in Rivers State on Tuesday. Though the details of the incident are still sketchy as of the time of filing this report, the accident involved two passenger boats plying the routes.…