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Why I insured my testicles for $10 million – Nick Cannon

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Popular American television host, Nick Cannon, has revealed the reason for the $10-million insurance policy on his testicles. The father of 12 explained that he insured his testicles because they are his “most valuable assets.” In a recent…

Benue PDP congresses: Vote for credible candidates – Moro

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The Senate Minority Leader, Senator Abba Moro, has appealed to members of the Benue South Peoples Democratic Party (PDP) to vote for credible candidates during the forthcoming congresses of the party. He admonished them to avoid dwelling…

Kaduna Disco announces another electricity tariff hike

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Kaduna Electricity Distribution Company has announced another electricity tariff hike for Band A customers getting 20-24 hours of daily power supply. The disco announced the increment in a statement on Wednesday by its head of corporate…

10

Army cleans up Ogun market, drainages (PHOTOS)

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The 35 Artillery Brigade Alamala, Abeokuta, Ogun State, on Wednesday, embarked on a clean-up of Lafenwa Market and drainages in the state. This effort, according to them, is a way of giving back to the society and helping in promoting good…

Reps move to investigate promotion stagnation in civil service

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The House of Representatives has resolved to investigate promotion stagnation in the Federal Civil Service from 2013 to 2023. This followed a motion moved by Rep. Salman Idris, the Deputy Chairman, House Committee on Agric Colleges and…

09

Yobe Assembly passes 8 bills, 10 resolutions in one year

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Yobe State House of Assembly says it has passed eight out of 10 bills it received, 10 resolutions, as well as petitions within one year. The Speaker of the House, Rt Honourable Chiroma Buba Mashio disclosed this while speaking at a one…

08

Nigerians spent N16.5trn on purchase of fuel, generators in 2023 – FG

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Minister of Power, Adebayo Adelabu has revealed that in 2023, Nigerians spent a combined sum of N16.5 trillion on purchasing diesel, petrol, and generators for power generation. Recall that the power sector, comprising electricity…

Naira continues depreciation streak against dollar despite CBN policy

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The Naira has continued its depreciation streak against the dollar in the foreign exchange market despite the Central Bank of Nigeria’s policy interventions. FMDQ data showed that the Naira slightly depreciated to N1509.45 against the…

Nigerian Newspapers: 10 things you need to know Wednesday morning

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Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Nigerian National Petroleum Company Limited, NNPCL, has declared a state of emergency regarding crude oil production in Nigeria. The company declared war against all…

07

Nnamdi Kanu: Shehu Sani applauds Southeast govs’ planned meeting with Tinubu

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Former Kaduna Central Senator Shehu Sani has commended the Southeast over plans to visit President Bola Tinubu to discuss the release of Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB. Southeast governors met on Tuesday in…

Tuesday, Jul 2

00

How do you Singleton? A whisky discovery and personalization journey

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Amore Gardens was transformed into a picturesque whisky-lovers dream as premium single malt scotch whisky brand, The Singleton treated guests to an exclusive whisky-tasting with a twist!The event marked the official launch of The…

23

Oronsaye Report: House committee denies allegation of lobbying by MDAs

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A special ad hoc committee in charge of the restructuring of government agencies and commissions has refuted claims that it is under pressure from agencies trying to avoid mergers or outright scrapping. The chairman of the committee,…

Funding for formerly excluded entrepreneurs in Nigeria by FMO, FCMB and the European Commission

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Today, the Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) signed a $25 million NASIRA guarantee agreement. The guarantee will enable FCMB to expand its funding to agricultural, youth, and women…

22

US election: Democrat lawmaker asks President Biden to withdraw from race

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Lloyd Doggett, a House of Representatives member and a member of the Democratic Party, has publicly called on President Joe Biden to withdraw from the presidential race. It means that the lawmaker has broken away from toeing the party line…

21

Nigerians spend over N16.5trn annually on fuel, servicing generator – Adelabu

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The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing of generators. Adelabu made this known on Tuesday at the ongoing NOG Energy Week in Abuja. The minister attributed his…

20

‘No growth will happen’ – Dangote kicks against CBN’s interest rate

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The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. The business mogul made his opinion known at a summit hosted…

Reps probe CBN’s N1.12trn anchor borrowers scheme, NIRSAL’s N215b loan

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The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria (CBN). Also included in…

Tinubu appoints Salamatu Ahmed as Executive Secretary of FGSHLB

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President Bola Tinubu has approved the appointment of Hajiya Salamatu Ladi Ahmed as the Executive Secretary of the Federal Government Staff Housing Loans Board, FGSHLB. The Head of the Civil Service of the Federation (HoSF), Dr. Folasade…

19

Southeast govs in closed-door meeting in Enugu

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Southeast governors and some stakeholders in the zone currently in a closed-door meeting in Enugu State. The closed-door meeting is holding at the Enugu State Government House with focus on issues confronting the region. The meeting has in…

Only 3 Nigerian states attracted capital importation in first quarter of 2024 – NBS

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The National Bureau of Statistics, NBS, has revealed that only Lagos, the Federal Capital Territory, FCT, and Ekiti attracted capital importation in the first quarter of 2024. The NBS revealed this in its Nigeria Capital Importation report…

Don’t pay to apply for prepaid electricity meters – EEDC warns customers

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The Enugu Electricity Distribution Company PLC, EEDC, has cautioned its customers against falling victim to any individual or group demanding money from them to process their electricity meter application. The Head of Corporate…

18

Ogun Govt warns against illegal mining, vows stiff sanctions

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Ogun State government has warned illegal miners and dredgers operating within its domain to desist or face legal actions and stiff sanctions. Commissioner for Industry, Trade and Investment, Adebola Sofela, gave the warning at a…

Blanche Aigle Communications wins big at 2024 SABRE Awards Africa​

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Blanche Aigle Communications, a leading public relations and communications firm based in Lagos, Nigeria, has been honored with the prestigious SABRE Awards for its exceptional work on the Hilda Baci Cookathon campaign. The firm won…

EU confirms Nigerian Govt paid $850m foreign airlines backlog

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The European Union, EU, on Tuesday said the Nigerian Federal Government has cleared an outstanding debt amounting to $850 million owed European airlines. Samuela Isopi, the EU Ambassador to Nigeria and the ECOWAS, disclosed this at the 9th…

SPDC denies $1.3bn onshore asset sale in Nigeria

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The Shell Petroleum Development Company of Nigeria Limited, SPDC, has dismissed claims that it sold over $1.3 billion in onshore oil assets to Renaissance Consortium. A member of SPDC’s legal team, Global Litigation (Sub-Saharan Africa),…

5000 NYSC members to get N10m to finance business ideas

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The Federal Government has announced plans to disburse the sum of N5 billion to empower at least 5,000 members of the National Youth Service Corps, NYSC, across the country for entrepreneurial ventures upon completion of their service year…

Ebonyi Govt approves N2bn for scholarships

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The Ebonyi State Government has approved the sum of N2 billion to fund the scholarship awarded to 597 beneficiaries to study within Nigerian universities. The amount covers school fees, research funding and living expenses of the…

17

Insurgency: Sack all appointees in security sector – Rep tells Tinubu

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Abdulsamad Dasuki, a member of the House of Representatives, has asked President Bola Tinubu to sack all his appointees in the security sector because they have failed to meet the expectations of Nigerians. Dasuki said this during the…

Turbulence causes injury to 30 Uruguay-bound air passengers

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An airplane has been forced into an emergency landing in Brazil after dozens of passengers of the plane received injuries during extreme turbulence. At least 30 people were taken to hospital after the forced landing by the Air Europa…

Bill for creation of Adada State in Southeast passes first reading at Senate

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The bill seeking to create Adada State, an additional state in the South-East geo-political zone, on Tuesday passed its first reading in the House of Senate. The bill, which has been cited as the “Constitution of the Federal Republic of…