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FBN Holdings has appointed billionaire businessman Femi Otedola as the new Chairman of its Board of Directors, succeeding Ahmad Abdullahi. The announcement, filed with the Nigerian Exchange Limited, follows Otedola's earlier appointment as a Non-Executive Director in August 2023, ratified by...
Festus Keyamo, the Minister of Aviation and Aerospace Development, confirmed that the Economic and Financial Crimes Commission (EFCC) is conducting a thorough investigation into the contentious Nigeria Air deal. The deal, orchestrated by the former Minister of Aviation, Hadi Sirika, on behalf...
An illegal oil bunkering operation in the oil-bearing Obitti Community of Imo State took a devastating turn as a deep hole dug by hoodlums, coupled with a makeshift pipeline to a hired tanker, led to a catastrophic explosion. The incident, reportedly sparked by a gun duel between the bunkers...
A fire incident occurred at the Household of David Church located on Industrial Road, off Adeniyi Jones in Surulere, Ikeja, Lagos. The National Emergency Management Agency (NEMA) reported that the fire broke out around 00:11 hours. Fortunately, responders successfully extinguished the fire...
The Federal High Court in Abuja has issued a warrant for the arrest of Hon. Edison Ehie, Chief of Staff to the Governor of Rivers State, along with five other individuals. The ruling, delivered by Justice Emeka Nwite, follows an ex-parte application brought by the Inspector General of Police...
In a bid to address growing concerns over the state of the economy and the alarming free fall of the naira in the forex market, the Senate's Committee on Banking, Insurance, and other Financial Institutions has taken a decisive step by summoning the Governor of the Central Bank of Nigeria...
Mr. Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), unveiled details of a formidable religious sect's ability to secure a court order preventing the investigation of N7 billion funds linked to terrorists. The EFCC, engaged in probing a massive N13 billion...
In the lead-up to the highly anticipated AFCON quarterfinal clash against Angola, Super Eagles' goalkeeper Stanley Nwabali triggered anxiety among Nigerian football fans with a cryptic tweet on social media platform X. The tweet, posted on Wednesday morning, expressed gratitude for the support...
A recent report from the Global Hunger Index (GHI) revealed that Nigeria holds the 109th position out of 125 countries assessed, with a score of 28.3 points. The GHI rankings placed Nigeria ahead of only 17 countries, including Zambia, India, and Timor-Leste. The report highlighted that...
The Economic and Financial Crimes Commission (EFCC) has made a startling revelation, disclosing that a religious organization has been implicated in money laundering activities that fund terrorist activities in the country. EFCC Chairman, Ola Olukoyede, shared this information during a one-day...
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