Tragedy struck on Tuesday at the Elegushi Beach, in the Lekki area of Lagos State, after four teenagers drowned while swimming in the water. According to Punch, 10 secondary school leavers, aged between 14 and 15, went to swim at the beach to celebrate the completion of their West African Senior School Examination. They were […]

The Bayelsa State Police Command on Tuesday paraded five suspects arrested by its operatives for alleged crude oil pipeline vandalism, illegal oil bunkering and economic sabotage. The command’s spokesman, Asinim Butswat, who briefed journalists on their arrests, said the suspects were allegedly responsible for two recent incidents of pipeline vandalism in the Nembe Local Government […]

The Lagos State Government says that it is considering a total ban on the operations of commercial motorcycles, otherwise known as Okada, in all the local government areas (LGAs) in the state. This is coming barely 26 days after the Federal Government had muted the idea of a total ban on motorcycle and mining activities […]

There was panic at Ogbaku market on Owerri- Onitsha Road in Owerri, Imo State, on Tuesday as gunmen invaded the market and shot a motorcyclist dead. According to Punch, this happened while the Inspector General of Police, Usman Alkali, was in at the Government House Owerri to inaugurate the 12 Armoured Personnel Carriers procured by […]

The nation’s electricity supply crisis could worsen from tomorrow as the organised labour has directed workers in the power sector to down tools and commence an indefinite strike over pending labour issues with the Transmission Company of Nigeria (TCN).  The aggrieved workers under the aegis of the National Union of Electricity Employees, NUEE, are scheduled […]

Nigeria’s apex bank, the  Central Bank of Nigeria (CBN) has ordered banks in the country to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received. This was made known in a circular dated August 15, 2022, titled “Review Of Interest Rate On Savings Deposits” and signed […]

The exchange rate between the naira and the US dollar closed at N430/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira depreciated by 0.09% on Monday, 15th August 2022 to close trading at N430/$1 from N429.62/$1 recorded in the previous trading session. However, forex supply inclined significantly by 190% to […]

Nigeria’s annual inflation quickened to 19.64% in July, rising for a sixth straight month on the back of price increases for both food and non-food items. Inflation, which has been in double digits in Africa’s biggest economy since 2016, was at 18.60% year on year in June. The National Bureau of Statistics (NBS) said this […]

At the end of trading on the floor of the Nigerian Exchange Limited last week, investors lost N571bn. As the NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 2.09 per cent to close at 49,664.07 and N26.787tn last week. All other indices finished lower with the exception of The […]

As insecurity rises in Nigeria, the Nigerian police force has directed the immediate deployment of security operatives to all schools, hospitals, and critical national infrastructure nationwide. This was made known in a statement by the Inspector-General of Police, Mr Usman Baba on Sunday according to News Agency of Nigeria. The IGP also ordered regular patrols, […]


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