News Editor

SEC Warns Public Against Unregistered Investment Scheme by PWAN/PWAN MAX

The Securities and Exchange Commission (SEC) has issued a public warning regarding the activities of Property World Africa Network (PWAN) and its affiliate, PWAN MAX, cautioning Nigerians against investing in the entities. According to the notice released, signed by the management, “the

May 8, 2025

News·Politics·Religion

Meta Blocks Access To Muslim News Page In India

Meta has banned a prominent Muslim news page on Instagram in India at the government’s request, the account’s founder said Wednesday, denouncing the move as “censorship” as hostilities escalate between India and Pakistan. Instagram users in India trying to access posts from

May 8, 2025

Zulum Bans Sale Of Alcohol In Borno, Accuses Security Personnel Of Promoting Criminality

The governor of Borno State, Professor Babagana Zulum, has banned the sale of alcoholic beverages while accusing military and other security personnel of promoting criminality and antisocial vices in Maiduguri and its environs. The Governor said that ex and current serving personnel

May 8, 2025

VDM Regains Freedom From EFCC Custody — Deji Adeyanju

Popular rights activist and social media influencer, Martins Vincent Otse, also known as VeryDarkMan (VDM), has been released from the custody of the Economic and Financial Crimes Commission (EFCC). His lawyer, Deji Adeyanju, confirmed it in a phone conversation. Operatives of the

May 8, 2025

Army Captain, Soldier Killed In Recent Borno Attack

An army Captain and a soldier have been killed by Boko Haram terrorists in a midnight attack on Izge community in Gwoza Local Government Area of Borno State According to the Emir of Gwoza, Mohammed Shehu Timta, the attack happened around 1

May 8, 2025

Bank of England to Cut Rate amid Trump’s Tariffs

The Bank of England is widely expected to cut its key interest rate by a quarter point on Thursday as US President Donald Trump’s planned tariffs threaten to weaken economic growth. It follows the Federal Reserve’s decision Wednesday to freeze US borrowing

May 8, 2025

Bwala Dismisses Coalition Talks As ‘Political Hallucination’ Ahead 2027 Polls

The presidency has dismissed ongoing speculations about a surging political coalition aimed at challenging President Bola Ahmed Tinubu’s administration. In a statement on X, the Special Adviser to the President on Policy Communication, Daniel Bwala, described the narrative as nothing more than

May 8, 2025

Tax reform bills

Senate Passes Two Tax Reform Bills

The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills, one seeking to repeal the Federal Inland Revenue Service (Establishment) Act and another

May 8, 2025

Economy·News·Politics

Dangote Visits Tinubu, Hails President’s Reform In Oil Sector

President of Dangote Group, Aliko Dangote, paid a visit to President Bola Tinubu in Abuja over the weekend, and lauded him for what he described as assembling a “capable leadership team” at the Nigerian National Petroleum Company Limited. During the visit, Dangote

May 7, 2025

OpenAI To Buy Windsurf For About $3 Billion

OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. Windsurf, formerly known as Codeium, had recently been

May 7, 2025

MTN Nigeria Declares N133.7bn Profit In Q1 2025

MTN Nigeria Communications Plc has declared a profit after tax of N133.7 billion for the first quarter (Q1) ended March 31, 2025, from a loss of N392.7 billion recorded in the first quarter of 2024. From the profit and loss figures, the

May 7, 2025

Former Governorship Candidates, Supporters Dump PDP, ACP For APC In Niger

Niger State political realignment continues to gather momentum as over 12,000 members of the Peoples Democratic Party (PDP) and Advanced Congress of Democrats (ACD) have defected to the ruling All Progressives Congress (APC). The defection, which was led by former ACD gubernatorial

May 7, 2025

Shell Plans to Acquire BP Plc— Report

Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, Bloomberg News has reported. The report said the international oil major is waiting for further stock and oil price declines before deciding whether to pursue a bid,

May 7, 2025

EFCC operatives 1 e1477486955766 1

EFCC: We’re Legally Justified to Hold VDM in Custody

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of a popular rights activist and social media influencer, Martins Vincent Otse, also known as VeryDarkMan (VDM). The anti-graft agency, in a statement on its X handle on Tuesday, said Otse

May 6, 2025

Warren Buffett To Step Down As CEO, Net Worth Falls By $8.1bn

Warren Buffett, the world’s fifth-richest person with an estimated net worth of about $169 billion, has announced his retirement as CEO of Berkshire Hathaway at age 94. At the company’s annual meeting in Omaha, he revealed Greg Abel would take over by

May 6, 2025

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