News

Nestle Nigeria Plc Declares N164.6bn Loss in FY 2024 Audited Results

Nestlé Nigeria Plc has released its audited financial results for the fiscal year 2024, revealing a striking contrast between impressive revenue growth and significant losses. The food and beverages company reported a remarkable 75.25% increase in revenue, climbing from N547.12 billion in

by News Editor

February 28, 2025

News

Supreme Court Orders CBN To Stop Allocation Of Funds To Rivers State

The Supreme Court has stopped the Central Bank of Nigeria and the Accountant General of the Federation from allocating funds to the Rivers State government until a valid appropriation law is passed by the Rivers State House of Assembly A five-member panel

by News Editor

February 28, 2025

News

NAF Probes Alleged Killing of Civilian By Personnel In Kaduna Community

The Nigerian Air Force (NAF) on Thursday confirmed an incident involving its personnel and some civilians at Unguwan Gangare, Barkallau community in Igabi Local Government Area of Kaduna State which left one person dead and some others injured. Some armed personnel of

by News Editor

February 28, 2025

News·Politics

Natasha Akpoti-Uduaghan Alleges Sexual Harassment and Victimization by Senate President Akpabio

Senator Natasha Akpoti-Uduaghan has accused Senate President Godswill Akpabio of making inappropriate advances toward her during a visit to his country home in Akwa Ibom. Speaking in an interview with ARISE NEWS on Friday, the Kogi Central senator recounted the alleged incident,

by News Editor

February 28, 2025

Economy·News

FCCPC Directs MultiChoice To Suspend Fee Hike

The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this in a

by News Editor

February 28, 2025

News·Politics

Obasa Claims Meranda Agreed To Resign As Lagos Speaker

Mudashiru Obasa has claimed that Mojisola Meranda agreed to resign as the Speaker of the Lagos State House of Assembly during a peace meeting. Meranda replaced Obasa as the Speaker of the Lagos State House of Assembly in January. While the former

by News Editor

February 28, 2025

News

Alleged ₦90m Fraud: Court Grants Ex-NHIS Boss Yusuf ₦5m Bail

Justice Chinyere Nwecheonwu of the Federal Capital Territory High Court in Kuje, Abuja, has granted bail to the former Executive Secretary of the National Health Insurance Scheme, Usman Yusuf, in the sum of ₦5 million with two sureties. While delivering the bail

by News Editor

February 28, 2025

News·Politics

Supreme Court Set To Deliver Judgement In 27 Rivers Lawmakers Defection Appeals

The Supreme Court is set to deliver judgement on the five appeals before it bordering on the crisis rocking the Rivers State House of Assembly. After hearing the appeals on the defection of the 27 lawmakers of the Assembly, the apex court

by News Editor

February 28, 2025

News

Kano Governor Suspends Acting Head of Service Over Alleged Salary Deductions

Kano State Governor, Abba Kabir Yusuf, has suspended the Acting Head of Service, Salisu Mustapha, over allegations of unauthorized salary deductions and the non-payment of salaries to some civil servants in the state. The decision, which takes immediate effect, was announced on

by News Editor

February 28, 2025

News Update

EFCC Chairman Olukoyede Reveals He Rejected N500m in Gifts During Mother’s Burial

The Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has disclosed that he turned down gifts amounting to nearly N500 million from various high-ranking officials during his mother’s burial in 2019. The revelation was made during the 38th Anti-Corruption

by News Editor

February 28, 2025

News

Kidnapped NYSC Member Allegedly Handed Over to Abductors by Driver

A National Youth Service Corps (NYSC) member, Rofiat Lawal, who was abducted along the Benin-Ore Expressway while traveling to her Place of Primary Assignment (PPA) in Oyo State, was reportedly handed over to kidnappers by the driver of the vehicle she boarded.

by News Editor

February 28, 2025

News

Falana Vows Legal Action Against IBB Over Human Rights Violations

Human rights lawyer, Mr. Femi Falana, SAN, has vowed to take legal action against former Military President, General Ibrahim Badamasi Babangida, for his role in numerous violations of fundamental human rights. Speaking on a national television, Falana announced his intention to challenge

by News Editor

February 27, 2025

Economy·News

FCCPC Summons MultiChoice Nigeria Over Proposed Subscription Price Hike

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to provide explanations regarding its planned subscription price increase, set to take effect on March 1, 2025. In a statement issued by Ondaje Ijagwu, Director of Corporate Affairs, the FCCPC

by News Editor

February 27, 2025

News Update

Impeached Speaker Obasa Storms Lagos Assembly with Security Operatives, Despite Recess

The impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, returned to the assembly complex on Thursday, accompanied by a heavy security detail. His arrival came shortly after security personnel assigned to the House of Assembly were withdrawn. There have

by News Editor

February 27, 2025

Economy·News

Nigeria’s GDP Grew by 3.84% in Q4 2024 Ahead of GDP Rebase

Nigeria’s Gross Domestic Product (GDP) grew by 3.84% year-on-year (YoY) in the fourth quarter of 2024, higher than the 3.46% recorded in the fourth quarter of 2023 and the growth rate in the third quarter of 2024. The performance of the GDP

by News Editor

February 27, 2025

News Editor

Nestle Nigeria Plc Declares N164.6bn Loss in FY 2024 Audited Results

Supreme Court Orders CBN To Stop Allocation Of Funds To Rivers State

NAF Probes Alleged Killing of Civilian By Personnel In Kaduna Community

Natasha Akpoti-Uduaghan Alleges Sexual Harassment and Victimization by Senate President Akpabio

FCCPC Directs MultiChoice To Suspend Fee Hike

Obasa Claims Meranda Agreed To Resign As Lagos Speaker

Alleged ₦90m Fraud: Court Grants Ex-NHIS Boss Yusuf ₦5m Bail

Supreme Court Set To Deliver Judgement In 27 Rivers Lawmakers Defection Appeals

Kano Governor Suspends Acting Head of Service Over Alleged Salary Deductions

EFCC Chairman Olukoyede Reveals He Rejected N500m in Gifts During Mother’s Burial

Kidnapped NYSC Member Allegedly Handed Over to Abductors by Driver

Falana Vows Legal Action Against IBB Over Human Rights Violations

FCCPC Summons MultiChoice Nigeria Over Proposed Subscription Price Hike

Impeached Speaker Obasa Storms Lagos Assembly with Security Operatives, Despite Recess

Nigeria’s GDP Grew by 3.84% in Q4 2024 Ahead of GDP Rebase

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