Vice President Kashim Shettima has tasked the newly appointed Board of Directors of the Nigeria Sovereign Investment Authority (NSIA) with expanding the country’s investment portfolio to bolster key sectors of the economy. Addressing the board members, Shettima emphasised their critical responsibility as stewards of Nigeria’s collective wealth. According to his spokesperson, Stanley Nkwocha, the Vice President delivered this message during a meeting with the NSIA board at the Presidential Villa in…

The Cameroonian government has imposed a ban on media discussions regarding the health of 91-year-old President Paul Biya, who has not made a public appearance since early September. The decree, issued by Interior Minister Paul Atanga Nji on October 9, categorizes any debate on the president’s condition as a “matter of national security” and warns of severe legal consequences for violations. In a letter marked “highly urgent” and addressed to…

If you’re one of the many people who reach for their phone the moment they wake up, you’re not alone. This seemingly harmless habit could reveal a lot about your personality. Psychologists have identified various traits commonly found in those who instinctively grab their smartphones first thing. Firstly, it could indicate a strong need to connect with others. This isn’t just about internet access, but a deeper desire to maintain…

The Lagos High Court in Ikeja ordered social media influencer Martins Otse, also known as Verydarkman, to remove a defamatory video and comments he posted on September 24th against Senior Advocate of Nigeria Femi Falana and his son Folarin, generally known as Falz. Justice Matthias Dawodu further ordered the self-proclaimed social media police to stop broadcasting, publishing, or disseminating any defamatory recordings or comments against the senior lawyer and his…

Alaco Construction Ltd and Rudy Construction Ltd have pledged to further invest in the Ondo State economy. In a statement by Governor Lucky Aiyedatiwa’s Chief Press Secretary, Ebenezer Adeniyan, it was revealed that representatives from the two multinational companies, which have business interests in the state, visited the governor’s office in Akure on Tuesday. Rodolph El Najjar, Managing Director of Rudy Construction, and Aladen, Managing Director of Alaco Construction, were…

On Friday, Justice R.A. Oshodi of the Special Offences Court in Ikeja, Lagos, dismissed the objection raised by defence counsel Olalekan Ojo in the trial of seven individuals accused of participating in a £1 million fraud.  The court also accepted a flash drive containing video evidence of the sixth defendant, which was presented by the prosecution. The Economic and Financial Crimes Commission (EFCC) earlier arraigned Morufu Adewale, also known as…

Justice Abimbola Awogboro of the Federal High Court in Ilorin has sentenced Yakubu Aminu to 200 hours of community service for operating a bureau de change business without a valid license. In a related case, Justice Hammed Gegele of the Kwara State High Court sentenced Abdullahi Abdulrasaq Omotosho and Akeem Ibrahim Salaudeen to prison for their involvement in internet fraud. The Ilorin Zonal Office of the Economic and Financial Crimes…

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has disclosed that petrol smugglers exploited subsidy loopholes, making not less than N17 million per truck in neighboring countries. Kyari revealed this on Monday while fielding questions from journalists in Abuja on the government’s efforts to deregulate the oil and gas sector. The NNPC chief explained that cross-border smuggling was rampant due to the…

Following the collapse of the national grid on Monday, and the attendant power outages witnessed nationwide, the Abuja Electricity Distribution Company (AEDC) has restored power in some parts of its franchise areas. According to the News Agency of Nigeria (NAN), places like Deidei, Suleja, Lugbe, Kuje, and other areas had their light restored on Tuesday at about 5:15 am. AEDC on Monday, pleaded with customers that the disruption in power…

If a new income tax bill is passed by the National Assembly, Nigerians earning N100 million and above monthly will face a 25 percent personal tax rate. This is the submission of the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele at a breakout session of the ongoing 30th Nigeria Economic Summit (NES) organized by the Nigerian Economic Summit Group (NESG) and the Ministry of Budget…

President Bola Tinubu has urged for stronger collaboration between government agencies, the private sector, and international partners to drive economic growth, improve competitiveness, and ensure stability in Nigeria. This call follows encouraging economic indicators, signalling that recent reforms introduced by his administration are starting to show positive outcomes. Speaking at the 30th Nigerian Economic Summit on Monday, organized by the Nigerian Economic Summit Group in partnership with the Ministry of Budget and…

Vice President Kashim Shettima has inaugurated the Steering Committee of the Nigeria Jubilee Fellowship Programme (NJFP), a federal government initiative aimed at expanding employment opportunities and improving the employability of recent graduates by equipping them with market-ready skills. The NJFP, coordinated by the Office of the Vice President and implemented in partnership with the United Nations Development Programme (UNDP), receives seed funding from the European Union (EU). It was designed…