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US Immigration arrests Nigerian previously convicted of wire fraud

The United States Immigration and Customs Enforcement Agency has arrested a previously convicted Nigerian, Rotimi Oladimeji, in an operation targeting illegal immigrants across the country. The ICE, in a statement shared on its X page on Monday, disclosed that Oladimeji was ordered to pay $1.1 million in restitution before he was arrested. The terse statement […]

News

Africa loses $12.7bn yearly to infrastructure disasters — Report

Africa suffers an average of $12.7 billion in annual infrastructure losses from natural disasters, according to a new report by the Coalition for Disaster Resilient Infrastructure. The study, released Monday, shows that floods account for about 70 per cent of the damage, while earthquakes — less frequent but often more devastating — make up about […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira gains in parallel market to N1,530/$

The Naira on Monday appreciated to N1,530 per dollar in the parallel market from N1,535 per dollar last week Thursday. But, the Naira depreciated to N1,513 per dollar reaching a new level in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira […]

Tinubu considering ‘temporary subsidy’ on petrol - Reports
Opinion

Don’t relent in your fight against corruption, group urges Tinubu, EFCC

The National Interest Coalition has urged President Bola Ahmed Tinubu and the Economic and Financial Crimes Commission not to be deterred in their anti-corruption campaign, despite what it described as a grand conspiracy by some embattled Nigerians facing corruption trials. Speaking during a solidarity march and press conference in Abuja on Monday, NICO leader, Comrade […]

Top 10 countries with lowest fuel prices in 2024
Oil and Gas

IPMAN, NUPENG strike begins, shuts filling stations in Ibadan

The indefinite strike declared by some major players in the downstream sector commenced on Monday, with many filling stations in Ibadan shut and just a few selling petroleum products. The South-West zone of the Independent Petroleum Marketers Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers had issued directives for their […]

Musk's DOGE team allegedly spying on US govt workers
Tech

SpaceX inks $17b deal with EchoStar to boost 5G push

SpaceX owned by Elon Musk, announced on Monday that it will acquire wireless spectrum licenses from EchoStar for about $17 billion, a move seen as pivotal for expanding Starlink’s emerging 5G connectivity business. As part of the agreement, EchoStar’s Boost Mobile customers will also gain access to Starlink’s direct-to-cell service, extending coverage to areas currently […]

Aviation

Keyamo orders NCAA to expose airlines flouting aviation rules

The Nigeria Civil Aviation Authority has announced that the Minister of Aviation and Aerospace Development, Festus Keyamo, has instructed the regulator to begin publicly naming airlines that violate aviation rules. In a post on X, Mike Achimugu, NCAA’s Director of Public Affairs and Consumer Protection, said airlines that leave passengers stranded at terminals until midnight […]

Reps demand three-year validity for JAMB results
News

JAMB uncovers 4,251 cases of high-tech exam malpractice

The Joint Admissions and Matriculation Board says a wave of sophisticated, technology-enabled malpractices is threatening the integrity of Nigeria’s admission process. This followed the submission of a report by JAMB’s Special Committee on Examination Infractions presented in Abuja on Monday to the Registrar, Professor Is-haq Oloyede, by the committee’s chairman, Dr. Jake Epelle. According to […]

Oil and Gas

OPEC+ to increase oil output by 137,000 barrels daily

The Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, has decided to ramp up oil output by 137,000 barrels per day in October. OPEC made the announcement in a statement on its website after a virtual meeting with members. The participating countries, including Saudi Arabia, Russia, Iraq, the United […]