News
Telcos face $870m investment shortfall over tariff hike delays – Report
Nigeria’s telecom industry may experience a significant $870m drop in capital expenditures by 2026, as a result of 11 years of delays in tariff increases, according to an internal document from MTN Ni...
Account freeze: FirstBank misrepresenting court ruling, says GHL
General Hydrocarbons Ltd has countered the claims of FirstBank regarding the court ruling unfreezing its accounts, which was issued by Justice Deinde Dipeolu of the Federal High Court, Lagos. In a sta...
US-based Nigerian doctor held family hostage before suicide, father-in-law alleges
A US-based Nigerian cardiologist, Dr Ikenna Erinne, reportedly held his estranged partner and their children hostage at gunpoint for three hours before taking his own life when police arrived, his fat...
Exchange rate appreciates by N63 to seven-month high
Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. According t...
Why banks cannot lift order defreezing GHL’s accounts
FirstBank has appealed the Federal High Court judgement that lifted the order placed on the assets of General Hydrocarbons Limited, its directors, and shareholders. In a statement issued by the bank o...
Aregbesola should prostrate, beg Tinubu – Osun Rep
The lawmaker representing the Obokun/Oriade Federal Constituency of Osun State in the House of Representatives, Mr. Oluwole Oke, stated on Sunday that former Governor Rauf Aregbesola should “go and be...
Police free woman held hostage in Abuja hotel by online date
A 25-year-old woman, Promise Eze, was rescued by the operatives of the Federal Capital Territory Police Command after being tied up and left unconscious by a man she met on an online dating site. The ...
Obi tackles Akande, says #EndSARS narrative, attempt to rewrite history
The 2023 Labour Party presidential candidate, Peter Obi, has slammed the former governor of Osun State, Bisi Akande, over his allegation that the 2020 #EndSARS protest across Nigeria was orchestrated ...
S’Africa, Rwanda clash over DR Congo conflict
South Africa and Rwanda’s already fraught diplomatic relations have worsened after President Cyril Ramaphosa accused the Rwanda-backed M23 rebel group of killing South African peacekeepers in the east...