News Editor

Student Loan: No ₦71bn Missing, Stolen from Scheme, NELFUND Insists

The Nigeria Education Loan Fund (NELFUND) insists no money is missing from the student loan scheme despite claims to the contrary. A recent report had alleged that some schools were diverting money meant for the scheme operated by NELFUND. That prompted the

May 5, 2025

SEC Warns Public Against Unregistered Cryptocurrency Platform ToFro

The Securities and Exchange Commission (SEC) has issued a public warning regarding the operations of an online platform known as TOFRO.COM (Tofro), promoting itself as a cryptocurrency trading service. According to the Commission, ToFro is NOT REGISTERED with the SEC to solicit

May 5, 2025

Nnamdi Kanu: Cross Examination Of Principal Witness Begins In Court

The trial of the embattled leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has resumed before Justice James Omotosho of the Federal High Court, Abuja, with the cross-examination of Principal Witness (PW) 1. At the resumed hearing, the court had

May 4, 2025

Hakeem Baba-Ahmed Explains Why He Won’t Rejoin Tinubu’s Government

Hakeem Baba-Ahmed, a former Special Adviser on Political Matters to President Bola Tinubu, says he does not regret working with the President but would not accept the opportunity to return if offered again. Baba-Ahmed, who was appointed in 2023 to serve under

May 4, 2025

OPEC+ To Increase Oil Production In June

Eight OPEC+ member countries on Saturday announced that they will increase oil production for June. According to the statement obtained by Journalists, Saudi Arabia, Russia, and six other members of the oil-producing countries will implement a production adjustment of 411,000 barrels a

May 4, 2025

Sandra Duru’s Claims Against Me Entirely Untrue, Says Senator Natasha

The suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has denied allegations made against her by United Kingdom-based Nigerian businesswoman, Sandra Duru, who is also known as Prof Mgbeke. In a Facebook livestream on Thursday evening, Duru alleged that Senator Natasha falsely

May 3, 2025

Nigeria Loses $17.72bn Annually To Illicit Financial Flows — Minister

The federal government has stated that Africa loses an estimated $88.6 billion annually to illicit financial flows, with Nigeria accounting for approximately 20% of these losses. Estimation brings the amount lost by Nigeria to $17.72 billion. This was disclosed by the Minister

May 3, 2025

Afenifere Alleges Conspiracy Against President Tinubu

The Pan-Yoruba socio-political group, Afenifere, has raised the alarm over what it described as a dangerous and deliberate plot to sabotage President Tinubu’s administration by falsely labelling it a “Yoruba government” in a bid to stir ethnic division and truncate his re-election

May 3, 2025

Meta threatens to shut down operations in Nigeria over $290m fine

Facebook, Instagram, and WhatsApp’s parent company, Meta, has said it may be forced to shut down its operations in Nigeria after a tribunal insisted that it must pay the $220 million slapped on it in July 2024. Meta was also asked to

May 3, 2025

Student Loan: NELFund Denies Alleged Corruption, ICPC Clarifies Statement

The Nigerian Education Loan Fund (NELFund) has denied claims of mismanagement in disbursing student loan funds. This development came after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it was investigating alleged corruption in the disbursement of funds. In

May 3, 2025

ICPC Probes Disbursement Of Student Loan, Says ₦71bn Unaccounted For

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an investigation into discrepancies in the disbursements of the student loan, saying ₦71bn has been unaccounted for in the scheme. ICPC’s move came after reports that some institutions were involved

May 2, 2025

LP To Probe Otti, Others Over ‘Anti-Party’ Activities

The Labour Party has set up a disciplinary committee to investigate allegations of anti-party activities against Abia State Governor, Alex Otti, and other errant members. The Julius Abure-led National Executive Council (NEC) disclosed this on Friday while briefing journalists after the party’s

May 2, 2025

Court Sentences BRT Driver To Death By Hanging For Killing Fashion Designer, Bamise

The Lagos High Court sitting at the Tafawa Balewa Square has convicted and sentenced to death a Bus Rapid Transit (BRT) driver, Andrew Ominikoron, for the murder of a 22-year-old fashion designer, Bamise Ayanwola. In a judgment that lasted over two and

May 2, 2025

Shell Reports 35% Drop in Q1 Net Profit Amid Falling Oil Prices

British Energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. Profit attributable to shareholders fell 35 percent to $4.8 billion in the first quarter

May 2, 2025

Wike

Wike Visits China Over FCT Satellite Towns Water Project

FCTA PRESS RELEASE The Federal Capital Territory (FCT) Minister, Nyesom Wike, will any moment from now arrive in China, ahead of series of official engagements, aimed at ensuring provision of water for Satellite Towns in the FCT. The Minister’s Senior Special Assistant

May 2, 2025

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