News Editor

APC Not Turning Nigeria Into One-Party State – Party Scribe

The National Secretary of the All Progressives Congress (APC), Senator Ajibola Basiru, has dismissed claims that the ruling party is steering Nigeria towards a one-party system. The party’s secretary made the remarks on Wednesday’s edition of Channels Television’s Politics Today, where he

April 24, 2025

Crypto Investment Scams Accounted For $5.8b Fraud Losses In 2024 — FBI

The Federal Bureau of Investigation (FBI) has revealed that investment scams accounted for $5.8 billion, more than 50% of all reported crypto losses in 2024. The report from the FBI’s Internet Crime Complaint Center (IC3), which highlights the alarming findings on the

April 24, 2025

NLC Knocks Power Minister’s “Adequate Electricity” For 150 Million Nigerians ClaimsThe

The Nigeria Labour Congress (NLC) has described as “a joke too far” the Power Minister, Adebayo Adelabu’s claim that 150 million Nigerians now enjoy an “adequate electricity” supply of 5,500 megawatts. A statement released by the union’s President, Joe Ajaero, on Wednesday,

April 24, 2025

Carbon Market Policy To Unlock $2.5bn Investments By 2030 — Tinubu

President Bola Tinubu has announced that Nigeria’s newly finalised Carbon Market Activation Policy will unlock up to $2.5 billion in high-integrity carbon credits and associated investments by the year 2030. Tinubu disclosed this on Wednesday in a statement signed by his Special

April 24, 2025

Nokia Reports $68 Million Euro Loss In Net Profit Q1

On Thursday, Finnish telecoms equipment maker Nokia reported a $68 million euro loss in net profit for the first quarter, citing the tariff wars and “rapidly evolving global trade landscape”. The company said tariffs imposed by the United States could result in

April 24, 2025

European Car Sales Rise In March

Battery electric vehicle sales in Europe rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA). Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV

April 24, 2025

STATEHOUSE PRESS RELEASE: PRESIDENT TINUBU ISSUES NEW DIRECTIVES ON SECURITY, SAYS “ENOUGH IS ENOUGH”

President Bola Tinubu has directed an immediate and comprehensive overhaul of national security strategies, demanding urgent action to end the escalating violence in Borno, Benue, Plateau and Kwara states. The President, who met with security chiefs at the State House in Abuja

April 24, 2025

Delta Gov Oborevwori, Deputy Commissioners, Others Dump PDP For APC

Delta State Governor, Sheriff Oborevwori, and his deputy, Monday Onyeme, have dumped the Peoples Democratic Party for the All Progressives Congress. Oborevwori moved to the APC along with his predecessor and running mate of Atiku Abubakar in the 2023 presidential election, Dr

April 23, 2025

IGP Orders Withdrawal Of Mobile Police Officers From VIPs

The Inspector-General of Police (IGP), Kayode Egbetokun, has ordered the withdrawal of mobile police officers from VIPs. In a statement on Tuesday, the spokesman of the Nigeria Police Force (NPF), Muyiwa Adejobi, said the move is part of the reorganisation of the

April 23, 2025

Economy·News·Politics

Musk To Reduce White House Role As Tesla Profits Plunge

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday, as the electric vehicle maker reported a 71 per cent drop in first-quarter profits. “Probably in the next month, my time allocation

April 23, 2025

Customs Generates ₦1.75tn Revenue Q1 2025

The Nigeria Customs Service (NCS) said that the service collected N1.75 trillion in revenue in the first quarter of the year (Q1 2025). According to the Comptroller General, Bashir Adeniyi, the revenue of the service exceeded its quarterly target by N106.5 billion,

April 23, 2025

EU Slaps Over 700 Million Euro Fines On Apple, Meta

The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump. The penalties threaten to cause more tension in the already fraught relationship between the bloc

April 23, 2025

Pot Of Jollof Rice Rises By 19% To N25,486 In Six Months

The cost of cooking one pot of jollof rice in Nigeria rose to N25,486 in March 2025 from N21,300 in September 2024, representing about a 19 per cent hike in the price of the staple food. In its latest SBM Jollof Index

April 23, 2025

Intel To Lay Off Over 21,000 Employees

Intel Corp., a chipmaker, is set to cut more than 20% of its staff this week, representing over 21,000 employees. A report by Bloomberg, citing a person with knowledge of the matter, said the move comes less than a year after Intel

April 23, 2025

Omokri Backs N10 Billion Aso Rock Solar Project, Urges Nigerians to Focus on Long-Term Gains

Reno Omokri, a former presidential aide and prominent social commentator has come to the defense of the Federal Government following criticisms over the installation of a ₦10 billion solar power system at the Aso Rock Presidential Villa. Speaking on the development, Omokri

April 23, 2025

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