Foreign portfolio investment (FPI) inflows into Nigeria’s stock market surged by 167.8 percent Year-on-Year (YoY) to N118.92 billion in February 2024 from N44.52 billion in the same period of 2023. This increase was fueled by enhanced liquidity in the foreign exchange (FX) market, following reforms by the Central Bank of Nigeria (CBN). According to the…
Rewrite Armed men have abducted John Udochukwu Elekwachi, a final-year student of Combined Social Sciences at the University of Nigeria, Nsukka. It was gathered that Elekwachi, a campus blogger, was picked up by some yet-to-be-identified armed men last Monday at his lodge in the middle of the night a few days after he completed…
Minister of Finance and coordinating minister of the economy, Wale Edun, has revealed that Nigeria has successfully obtained a $2.25 billion loan from the World Bank, featuring a remarkably low interest rate of 1%. Addressing attendees at the annual meetings of the International Monetary Fund (IMF) and World Bank Group on April 20, Edun announced…
An awaiting trial inmate, Saliu Akande, who was charged with rape, has been released by the Chief Judge (CJ) of Edo State, Justice Daniel Okungbowa. Akande had spent four years at the Auchi Medium Security Correctional Centre without a case file. Justice Okungbowa visited the prison to alleviate congestion and expedite the trial process for…
An individual named Anosikwa Patrick tragically lost his life after being stabbed by a police officer at a shopping mall in the Ajah area of Lagos State. The incident occurred on Saturday, April 20, 2024. SP Benjamin Hundeyin, spokesperson of the Lagos State Police Command, confirmed the incident in a statement on Sunday. He identified…
Super Falcons defender, Ashleigh Plumptre, has successfully undergone surgery in Saudi Arabia. Plumptre sustained the injury while playing for Saudi club, Al Ittihad, last month, causing her to miss Nigeria’s 2024 Olympic Games qualifier against the Banyana Banyana of South Africa. Taking to her social media account on Sunday night, April 21, Plumptre announced the…
At least 10 worshippers lost their lives, and several others sustained injuries in a tragic accident at the Orogwe market bus stop in the Owerri Local Government Area of Imo State. The accident, which involved a luxurious bus and an empty sand tipper, took place on Friday, April 19, 2024. According to an eyewitness, the…
Nigerian chess champion and advocate for child education, Tunde Onakoya, has shattered the Guinness World Record (GWR) for the longest chess marathon. In the early hours of Saturday, April 20, Tunde surpassed the previous record of 56 hours, 9 minutes, and 37 seconds set by Norwegians Hallvard Haug Flatebø and Sjur Ferkingstad on November 11,…
The Federal High Court in Warri has received a lawsuit against the Nigerian army filed by residents of Okuama-Ewu, Ughelli South Local Government Area, Delta State, demanding N200 billion in damages. The residents allege various violations including the cordoning of their community, destruction of homes, dehumanization, and an accusation of killing 17 military personnel without…
Plateau University, Bokkos, has implemented a temporary suspension of academic activities for a duration of 10 days following the tragic killing of a second-year student of the institution. In a statement issued by Mr. Yakubu Ayuba, the Registrar of the university, in Jos on Saturday, April 20, the decision was conveyed to the public. The…
