The maritime sector in Nigeria is facing a severe crisis due to a significant drop in vessel calls at the nation’s ports. This downturn has had a domino effect on various businesses, exacerbating the ongoing forex crisis and inflation that are plaguing the economy. Impact on Maritime Sector Stakeholders The drastic reduction in vessel...
Read MoreA Federal High Court in Lagos has ruled that the EFCC’s declaration of Margaret Emefiele, wife of former Central Bank Governor Godwin Emefiele, as a “wanted person” is illegal. Mrs. Emefiele challenged the EFCC and its chairman for listing her as wanted and displaying her photo on its website without a valid court order....
Read MoreThe Ondo State Police Command has brought a 35-year-old herb seller, Taiwo Mufutau, before an Akure Family Magistrate Court on charges of defiling his 8-year-old biological daughter. Mufutau faces a single charge of rape, which violates Section 25(a) of the Ondo State Violence Against Persons (Prohibition) Law of 2021. Police prosecutor Martins Olowofeso informed...
Read MoreA Crisis Born of Insecurity and Poverty In Northern Nigeria, particularly in the states of Kaduna, Katsina, Zamfara, Sokoto, Kebbi, Kano, Jigawa, and parts of Niger, banditry has emerged as a severe security threat. This crisis stems from the aftermath of the Boko Haram insurgency, which has left the region in socio-economic turmoil. The...
Read MoreAtlanta, Georgia — In a heated debate on Thursday, former President Donald Trump accused President Joe Biden of poorly managing the US economy, highlighting the sharp rise in inflation as a critical issue in the upcoming November presidential election. “He has not done a good job. He’s done a poor job,” Trump stated during...
Read MoreLAGOS — Governors from the Southern part of Nigeria, under the aegis of the Southern Governors’ Forum, have called for each state’s ability to pay the new minimum wage to be considered. This appeal comes amidst ongoing discussions by the Nigerian Governors’ Forum (NGF) to find a mutually agreeable solution to the minimum wage...
Read MoreIn a decisive move, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has ordered the arrest of two officers implicated in the alleged manhandling of a female staff member at the Regional Hotel in Ojo, Lagos. The incident, which has sparked widespread outrage, was captured in a viral...
Read MoreIn a move to address the cholera outbreak, the Federal Government has commenced talks with the Global Alliance for Vaccines and Immunisation (GAVI) to acquire emergency supplies of oral cholera vaccines (OCV). This initiative arises as Nigeria grapples with the disease amidst a global scarcity of the vaccine. Dr. Jide Idris, Director-General of the...
Read MoreMr. Femi Otedola, billionaire businessman and Chairman of First Bank Nigeria (FBN) Holdings Plc, has acquired an additional 797,946,415 units of the company’s shares through the Nigerian Exchange Limited (NGX). This purchase, valued at N17.219 billion with shares traded at N21.58 each, further solidifies Otedola’s majority stake, raising his shareholding to 11.63%, the highest...
Read MoreA wave of cholera cases has been sweeping through Lagos, causing widespread anxiety, illness, and fatalities. The Lagos State Ministry of Health has reported 579 suspected cases and 29 confirmed deaths. While cholera outbreaks are common during the rainy season, this outbreak’s suspected source is surprising—tiger nut drink, a popular local beverage known for...
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