The World Bank recently reported that Nigeria incurred over $8 billion in losses between 2021 and 2023 due to the Central Bank of Nigeria (CBN)’s foreign exchange policy, which prevented the naira from floating freely. This policy, deemed a “foreign exchange subsidy,” alongside the nation’s fuel subsidy, significantly limited government revenue, affecting economic stability. Since […]
charges related to a murder-for-hire plot. On October 24, law enforcement confirmed that the Chicago native, famous for his gritty lyrics and connection to the Only the Family (OTF) collective, is being held without bond in Broward County Jail. Facing severe federal charges, Lil Durk now confronts a complex legal battle ahead. Federal Investigation and […]
Nigerian Vice President Kashim Shettima‘s planned trip to represent the country at the 2024 Commonwealth Heads of Government Meeting (CHOGM) in Samoa has been abruptly canceled. The cancellation occurred after a foreign object struck and damaged the plane’s cockpit windscreen while on a stopover at John F. Kennedy (JFK) Airport in New York. The information […]
The Rivers State police command has successfully dismantled a kidnapping gang notorious for setting up illegal roadblocks along the Port Harcourt-Owerri Road to abduct passengers. According to the new Police Commissioner, Mustapha Bala, the gang’s method involved stopping motorists at gunpoint, taking hostages, and demanding ransom. On October 17, 2024, two suspects were arrested by […]
The Kaduna State Police Command recently apprehended 21 suspects accused of attempting to disrupt the local government elections held on October 19, 2024. The arrests were made by officers from Operation Fushin Kada, who acted swiftly to prevent the disruption. According to a statement from Mansir Hassan, the Public Relations Officer of the Kaduna State […]
A Nigerian court has freed Binance executive, Tigran Gambaryan, following the dismissal of money laundering charges against him by the Economic and Financial Crimes Commission (EFCC). This release allows Gambaryan to seek medical attention abroad, though tax evasion allegations against Binance remain unresolved. Gambaryan, a financial crime compliance officer for Binance, had been held in […]
The Ogun State Police Command has apprehended Jonah Onah, a suspected armed robber notorious for terrorizing the Olomore area of Abeokuta North Local Government. The arrest was confirmed by the command’s Public Relations Officer, Omolola Odutola, during a phone interview with PUNCH on Thursday. Onah was captured during a raid at a known criminal hideout […]
On Wednesday, President Bola Tinubu responded to widespread calls for change by making significant adjustments to his cabinet. In this major reshuffle, five ministers were removed from office, ten were reassigned to different ministries, and seven new ministers were appointed. These fresh appointees are pending Senate confirmation. Here is a rundown of the new ministers […]
President Bola Ahmed Tinubu’s cabinet reshuffle on Wednesday saw five ministers removed from office, but Adebayo Adelabu, Minister of Power, held onto his position despite widespread calls for his dismissal following multiple national grid collapses. The reshuffle, which resulted in the sacking of high-profile ministers like Barr Uju-Ken Ohanenye (Women Affairs), Lola Ade-John (Tourism), and […]
Israeli airstrikes killed 42 people on Wednesday as forces intensified their siege of northern Gaza, surrounding hospitals and refugee shelters, and instructing residents to move south, according to medics and locals. Displaced Palestinians, ordered to evacuate by the Israeli military, were seen fleeing operations in northern Gaza, particularly in Jabalia, and traveling toward Gaza City […]
Turkish Aerospace Attack: Four Dead, Two Terrorists Killed, Investigation UnderwayFour people were killed and 14 others injured in an attack at Turkish Aerospace Industries’ headquarters near Ankara, according to the government. Witnesses reported hearing gunfire and a loud explosion at the site in Kahramankazan. Interior Minister Ali Yerlikaya confirmed that two attackers were killed during […]
The Nigerian presidency has moved swiftly to clarify President Bola Tinubu’s cabinet reshuffle, which saw five ministers exit and seven new ones appointed. According to Special Adviser on Information and Strategy, Bayo Onanuga, the departing ministers were not sacked but rather discharged from their duties. The cabinet reshuffle, announced on Wednesday, affected Uju-Ken Ohanenye (Women […]
The Federal Executive Council (FEC) has approved the merger of the Ministry of Tourism with the Ministry of Culture and Creative Economy. According to President Bola Tinubu’s special adviser on information and strategy, the decision was made during the FEC meeting held on Wednesday, October 23, in Abuja, involving the president’s second cabinet. President Tinubu’s […]