Category: news
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Senate has mandated a joint committee to investigate the surge of Ponzi schemes nationwide, particularly following the collapse of Crypto Bullion Exchange (CBEX), which reportedly defrauded investors of over ₦1.3 trillion. The motion, sponsored by Senator Adetokunbo Abiru, highlighted concerns over fraudulent schemes like MMM Nigeria, MBA Forex, and CBEX, which promised high returns on…
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Nicki Minaj has publicly accused Jay-Z of owing her approximately $200 million, urging him to settle the debt to prevent further interest accumulation. While explaining, she referenced their past issues, including her claim that Jay-Z cheated her on Tidal equity payouts after its 2021 sale. In the meantime, Jay-Z is yet to respond to these…
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Interim National Chairman of the African Democratic Congress (ADC), Senator David Mark, has stated that the party has no preferred presidential candidate for the 2027 election, despite reports that several prominent politicians, including Atiku Abubakar, Peter Obi, and Rotimi Amaechi, are frontrunners. Mark emphasized that all party members are equal stakeholders and assured that the…
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Presidency has criticised the International Monetary Fund (IMF) for its recent harsh assessment of Nigeria’s economic reforms, inflation, and poverty levels. The IMF’s report highlighted challenges such as high inflation, slow reform impacts, declining per capita GDP, and a poverty rate of 42% in 2023. It also pointed out issues like limited access to…
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Authorities in eastern Libya has refused entry to three European ministers—Italy’s Interior Minister Matteo Piantedosi, Greece’s Migration Minister Thanos Plevris, Malta’s Home Affairs Minister Byron Camilleri—and the EU migration commissioner Magnus Brunner, citing alleged illegal entry and violations of Libyan diplomatic norms. The incident occurred after the delegation first visited Tripoli in the…
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U.S. Department of State has announced that most non-immigrant and non-diplomatic visas for Nigerian citizens will now be single-entry with a three-month validity, effective immediately. With Existing visas issued before July 8, 2025, remaining valid, this update is part of the U.S. global visa reciprocity policy, which can be reviewed and adjusted over time. The…
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New £60 million signing from Brighton, Joao Pedro scored twice on his first start for Chelsea, leading them to a 2-0 victory over Fluminense in the Club World Cup semi-final at MetLife Stadium. The Brazilian striker, who didn’t celebrate due to his past with Fluminense, secured Chelsea’s place in the final against either Real Madrid…
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Director General of the National Health Insurance Authority (NHIA), Dr. Kelechi Ohiri, has announced that the agency has begun enforcement discussions with state governments and private sector employers to ensure full implementation of Nigeria’s mandatory health insurance policy. Previously voluntary, low coverage levels, especially in the private sector, are now being addressed through enforcement and…
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Nigerian government has reaffirmed its commitment to making the power sector sustainable and bankable through ongoing reforms, emphasizing their importance for national economic growth. Minister of Power, Chief Adebayo Adelabu, announced at a stakeholders meeting in Abuja that the estimated investment for the Mission 300 Compact is $32.8 billion, with $15.5 billion expected from the…
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Five West African leaders—from Liberia, Senegal, Gabon, Mauritania, and Guinea-Bissau—are visiting Washington this week for a surprise three-day summit, announced by US President Donald Trump. The meeting, held from today July 9 to 11, is primarily focused on exploring “commercial opportunities” and marks Washington’s first significant diplomatic outreach to Africa since Trump’s return to office.…
