News Update - Page 9

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News Update·Foreign News·News·Politics

Tesla Shares Tumble 3% After Musk Announced Political Ambition

Tesla shares fell more than 3% on Monday over investors’ concerns about the focus of Elon Musk after he announced he would form a new U.S. political party. Musk’s announcement marks a new escalation in his feud with President Donald Trump. Tesla

July 7, 2025

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DSS Asks Court To Restrain Utomi From Shadow Govt Activities

The Department of State Services (DSS) has urged the Federal High Court, Abuja, to restrain Prof Patrick Utomi from further making public comments or engaging in rallies related to the subject of a suit pending against him over his announced plan to

June 6, 2025

Economy·News·News Update·Politics

Infrastructure: Don’t Give Planning Approval Without Collaborating With FG, Tinubu Tells Govs

President Bola Tinubu has appealed to state governors to avoid giving planning approvals for land without collaborating with the Surveyor General of the Federation and the Federal Ministry of Works. He emphasized the need for governors to collaborate with the Federal Government

June 6, 2025

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Economy·Editorial·Editorial (Featured News)·News·News Update·Politics

₦266 Million Per Streetlight—A Blinding Symbol of Budgetary Recklessness

The recent revelation that the Nigerian government invested ₦393.29 billion in 1,477 streetlight projects in the 2025 budget, at an average of ₦266 million per unit, has caused widespread public outcry and outrage. The jaw-dropping figure, which was brought to light by

June 6, 2025

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Economy·News·News Update·Politics

CBEX: EFCC Declares Two More Suspects Wanted

The Economic and Financial Crimes Commission (EFCC) has declared two additional individuals wanted in connection with an alleged cryptocurrency fraud scheme linked to the collapsed digital trading platform, Crypto Bridge Exchange (CBEX). In a notice issued on Wednesday via its official social

June 5, 2025

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Ondo Poll: Tribunal Upholds Aiyedatiwa’s Election, Dismisses PDP, SDP Petitions

The Ondo State Governorship Election Petition Tribunal, sitting in Akure, has upheld the election of Governor Lucky Aiyedatiwa, dismissing multiple petitions challenging his victory in the November 16, 2024, polls. In a judgment delivered on Wednesday and lasting over eight hours, the

June 5, 2025

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Economy·Foreign News·News·News Update

Gates, Dangote, Inuwa, Others Seek Improved Healthcare Investment, Home-Grown AI Solutions

Improved investments, partnerships, and the development of homegrown artificial intelligence solutions for Africa’s health sector were at the heart of discussions at the Gatekeepers event organised by the Gates Foundation. At the gathering, which attracted the crème de la crème in the

June 5, 2025

Religion·News·News Update·Politics

Tinubu Meets With Tunde Bakare In Lagos

President Bola Ahmed Tinubu on Wednesday received Pastor Tunde Bakare, the Serving Overseer of the Citadel Global Community Church (CGCC), in an audience in Lagos. Bakare’s visit to Tinubu was revealed in a post on X by the Special Adviser to President

June 5, 2025

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Economy·News·News Update·Politics

Former EFCC Chairman Abdulrasheed Bawa Unveils Book on Nigeria’s Fuel Subsidy Fraud

Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. This book provides the most authoritative account yet of Nigeria’s multi-trillion-naira fuel

June 5, 2025

Lagos Revenue Rises By 45% To N1.3trn In 2024

News·Grassroots·News Update

Lagos Govt To Impose ₦250,000 Fine, Jail Environmental Offenders From July 1

The Lagos State Ministry of Environment and Water Resources has said it will impose a ₦ 250,000 fine or a month’s jail term on environmental offenders from July 1, 2025. The ministry said offenders who dump refuse illegally, litter the streets, or

June 5, 2025

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Nigeria Signs MOU with Gates Foundation to Launch AI Scaling Hub with $7.5m Investment Commitment Over the Next Three Years

The Federal Ministry of Communications, Innovation & Digital Economy and the Gates Foundation have announced the launch of the Nigeria Artificial Intelligence (AI) Scaling Hub, a new initiative to accelerate the responsible development and scale-up of AI-driven solutions that improve lives and

June 5, 2025

Gov Adeleke, Davido Meet Tinubu In Lagos

President Bola Ahmed Tinubu hosted the Osun State Governor, Ademola Adeleke, his brother, Adedeji Adeleke, and Afrobeats superstar, David Adeleke, popularly known as Davido, at his private residence in Ikoyi, Lagos. The visit, on the evening of Tuesday, ahead of the Eid

June 5, 2025

Killings: Army Chief Visits Benue, Meets Gov Alia

The Chief of Army Staff, Lieutenant General Olufemi Oluyede, has paid a visit to the Benue State Governor, Hyacinth Alia, as part of efforts to address the insecurity in the state. The COAS, on arrival in the state, met with the governor

June 5, 2025

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Politics·Economy·News·News Update

FG Flags off First LCNG Plant in North-East

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first-ever Liquefied to Compressed Natural Gas (LCNG) hub in the North-East of Nigeria. The minister said the development is a testament to the potential of public-private collaboration in advancing

June 5, 2025

News Update·Grassroots·News

Lagos Demolished Buildings On Drainage Path To Avert Disaster

The Lagos State Government has stated that its decision to remove structures erected on floodplains has been yielding the desired result. The Commissioner for Environment and Water Resources, Tokunbo Wahab, said that the state averted what could have become a disaster by

June 5, 2025

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News Update·News

FG Blames Climate Change, Unregulated Buildings For Mokwa Flood

The Federal Government has said that the flood in Mokwa town in Niger State was primarily caused by heavy rainfall due to extreme weather conditions occasioned by climate change, unregulated buildings, construction activities, and poor drainage infrastructure. The Minister of Water Resources

June 5, 2025

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