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National

FEDERAL GOVERNMENT ANNOUNCES PLAN TO SEND FIRST NIGERIAN TO SPACE.

The Director General of the National Space Research and Development Agency, NASRDA, MATHEW ADEPOJU has announced that they are sending Nigeria’s first citizen into space. ADEPOJU at a press conference in Abuja yesterday said that the government had signed a Memorandum of Understanding MoU, with the Space Exploration and Research Agency SERA, to facilitate the ambitious venture. He stated that the collaboration, which is coming to the country, marks a significant milestone in Nigeria’s 25th anniversary of the Space Exploration journey and opens new opportunities for scientific research and technological advancement. Meanwhile, NASRDA recently criticized the […]

todayJune 20, 2024

News

COURT JAILS MAN FOR CURRENCY RACKETEERING IN ENUGU STATE.

The Economic and Financial Crimes Commission EFCC in Enugu state, has secured the conviction and sentence of one ONUIGBO CHIBUZOR over a one-count charge bordering on currency racketeering. The suspect who appeared before Justice MOHAMMED UMAR of the Federal High Court sitting in Enugu, pleaded guilty  CHIBUZOR was arrested around OTIGBA, in New Haven, Enugu State for selling 40,000Naira new Naira notes for 60,000 Naira whichcontravenes Section 21 subsection 4 of the Central Bank of Nigeria Act, 2007 and punishable under Section 21 subsection 1 of the same Act. Delivering the judgment, Justice UMARconvicted and sentenced CHIBUZOR to three months imprisonment with an option […]

todayJune 19, 2024

National

NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION EXTENDS LICENSING BID REGISTRATION.

The Chief Executive Officer Nigerian Upstream Petroleum Regulatory Commission NUPRC,GBENGA KOMOLAFE has announced an extension to the 2024 licensing bid round registration by 10 days to allow interested investors to take advantage of the expanded opportunities. KOMOLAFE who announced this yesterday in Abuja explained that in pursuit of the commission’s commitment to derive value from the country’s oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies, to undertake more exploratory activities, acquire more data to foster and encourage further investment in the Nigerian upstream sector. […]

todayJune 19, 2024

National

CBN ISSUES APPROVED GUIDELINES FOR BDC OPERATORS.

The Central Bank of Nigeria CBN has released its approved guidelines to regulate the activities of Bureau de Change BDC operators in the country. In its new circular released yesterday, the minimum capital base for Tier-1 BDCs is two billion Naira and that of Tier-1 is set at five hundred million naira while the mandatory caution deposit of 200 million Naira for tier-1 BDC license holders was removed and fifty million naira for tier-2 license holders was waived. The Director of Financial Policy and Regulationof the Apex Bank HARUNA MUSTAFA, said the approved guidelines take effect from June 3, 2024. The apex bank directed existing BDCs to reapply for new licenses […]

todayMay 23, 2024

Entertainment

TEKNO INKS STRATEGIC DEAL WITH EMPAWA AFRICA.

Hitmaker and maestro producer TEKNO has officially inked a revolutionary deal with emPawa Africa, the music company of music entrepreneur MR EAZI. This game-changing collaboration will see TEKNO's Cartel Music releasing some exciting new music via emPawa Africa while he plans to invest as a shareholder in emPawa Africa during the company’s next capital call round.  He joins Grammy-winning music producer MICHAËL BRUN among those who have invested in the innovative, African-owned label services company founded by MR EAZI in 2018. emPawa Africa has housed artists like JOEBOY, MAJOR LEAGUE DJZ, FAVE, KING PROMISE, MINZ and DJ NEPTUNE, among others.

todayMay 23, 2024

News

ADEMOLA LOOKMAN SCORES HISTORIC HAT-TRICK FOR ATALANTATO WIN THE EUROPA LEAGUE.

Super Eagles forward ADEMOLA LOOKMAN scored a sensational hat-trick for ATALANTA, who won the Europa League final 3-0 last night at the AVIVA Stadium in DUBLIN to end German Champions BAYER LEVERKUSEN'S 51-game unbeaten run. Xabi Alonso's team simply ran out of steam after a phenomenal season with LOOKMANwho Got to the African Cup of Nations final running them ragged, opening the scoring with a back-post finish in 12 minutes before doubling the advantage with a stunning curling effort 14 minutes later. He wrapped up his famous treble with a powerful left-footed strike that flew into the top […]

todayMay 23, 2024

News

PRESIDENT TINUBU TO ATTEND SWEARIN-IN CEREMONY OF THE PRESIDENT ELECT OF CHAD.

President Bola Tinubu will depart Abuja today for N’DJAMENA, Republic of Chad, to attend the inauguration of President IDRISS MAHAMAT DÉBY ITNO. The inauguration follows DÉBY’s declaration as the winner of the country’s presidential election earlier this month and subsequent affirmation by the Constitutional Court of Chad. TINUBU will be accompanied on the trip by some senior government officials and will return after the ceremony. DÉBY, Chad’s junta leader, won the African nation’s May 6 presidential election with 61 percent of the vote, while the Constitutional Council, which declared the […]

todayMay 23, 2024

National

NNAMDI KANU FILES PRELIMINARY OBJECTION OVER ALLEGED TREASONABLE FELONY.

Lawyers of detained leader of the indigenous people of Biafra IPOB, NNAMDI KANU, have filed a Preliminary Objection at the Federal High Court Abuja, asking the trial judge, Justice BINTA NYAKO, to decline jurisdiction to proceed with the trial against him. Part of the issue for determination, is whether the court has the jurisdiction to try KANU for any, or all the offenses charged against him in Counts 1, 2, 4,5 and 8,  to quash the said counts on the ground that the law which the said counts were predicated, is […]

todayMay 22, 2024

Entertainment

UK FINANCE ALERTS FANS OF FAKE OLYMPICS AND TAYLOR SWIFTTICKETS

United Kingdom UK Finance has warned that Fake Olympics and TAYLOR SWIFT tickets are the two biggest online scams consumers are likely to encounter this year. The alert came as the banking lobby group reported that the number of people tricked by romance fraud and purchase scams jumped to new highs last year. Overall, criminals stole 1.17 billion Pounds in 2023, down 4% from 2022, according to the group's annual report on fraud but UK Finance said the abuse of online platforms continued to leave people vulnerable, calling on tech companies to do […]

todayMay 22, 2024

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