The naira experienced a mild depreciation in the official market on Thursday, closing at N1,585 to the U.S. dollar, slightly weaker than the previous day’s rate of N1,584/$1. This marginal dip followed two consecutive sessions of significant gains after the Central Bank of Nigeria (CBN) unveiled its latest monetary policy […]
Month: May 2025
Umo Eno, the governor of Akwa Ibom State, has ordered all of his commissioners and appointees to either quit their jobs or defect to the All Progressives Congress (APC) with him. The governor claimed that despite his passion for the PDP, the party’s continuous internal strife prevents him from […]
Lenovo, the world’s largest PC manufacturer, has posted a sharp 64% decline in quarterly profits, citing a drop in warrant value and shrinking margins in parts of its enterprise operations. The company reported a net profit of $90 million for the quarter ending March 31—well below analysts’ expectations of approximately […]
MTN Nigeria’s General Manager for Regulatory Affairs, Ikenna Ikeme, has emphasized the critical role of local content in Artificial Intelligence (AI) systems to deliver accurate and region-specific outcomes across Africa. Speaking at the recent Network of African Data Protection Authorities (NADPA) Conference in Abuja, Ikeme stressed that while data has […]
Mr. Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission, has cautioned the nation’s youth to avoid the urge for instant wealth and instead pursue a career of honesty and hard labor. On Wednesday, May 21, 2025, he issued the warning through the Acting Director of the […]
Eight online scammers have been found guilty and given jail sentences by Federal High Court judge R.M. Aikawa in Kaduna. The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate, prosecuted the convicted individuals, Ogar Joseph, Nanbut David Dauda, Abah Mathew Arome, Fasikun Lekan, Daniel John, Gideon Dennis, Friday Emmanuel, […]
The Nigerian Senate has confirmed that President Bola Tinubu’s administration is dedicated to seeing the $25 billion gas pipeline project between Nigeria and Morocco through to completion. Sen. Jimoh Ibrahim, the chairman of the Senate Committee on Inter-Parliamentary Affairs, provided the guarantee during the African Parliament’s executive session, which is […]
The suspended senator from Kogi Central, Natasha Akpoti-Uduaghan, is being sued by the Federal Government for allegedly making defamatory statements on live television. Akpoti-Uduaghan is the only defendant in the case, which was filed on May 16, 2025, before a Federal Capital Territory High Court with the filing number CR/297/25. […]
During his re-examination, the prosecution’s attorney urged the prosecution witness to compare Amotekun’s and ESN’s actions. In the current trial of Nnamdi Kanu, the second prosecution witness informed Justice James Omotosho of the Federal High Court in Abuja that, in contrast to Amotekun, which is legally supported, Kanu’s […]
Seven weeks after their appointment on April 2, 2025, President Bola Tinubu has sworn in the board and administration of the Nigerian National Petroleum Company Limited. At a short ceremony on Thursday afternoon at the Aso Rock Villa in Abuja, Ahmadu Kida, the board’s non-executive chairman, and Bashir Ojulari, the […]