Day: August 16, 2025

PHOTOS: Security operatives nab suspected vote buyer with N25.9m cash in Kaduna

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A suspected vote buyer in possession of N25,963,000 has been taken into custody by Kaduna security personnel. In several sections of the state, this arrest happened just hours before the bye-elections on Saturday. The suspect, identified as Shehu Aliyu Patangi, was apprehended around 3:30 a.m. by operatives of the Nigeria Police Force in collaboration with the Department of State Services at a popular hotel along Turunku Road in Kaduna metropolis. Initial investigations showed that the large sum of money was meant to entice voters and jeopardize the integrity of the…

Netanyahu has become ‘a problem’, says Danish PM

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As her nation presently holds the EU chair, Danish Prime Minister Mette Frederiksen stated on Saturday that Israeli leader Benjamin Netanyahu has turned into a “problem” and that she will attempt to exert pressure on Israel regarding the Gaza war. In an interview with the daily Jyllands-Posten, Frederiksen declared that Netanyahu was now a problem in his own right and that the Israeli government was gone “too far.” The latest settlement project in the occupied West Bank and the “utterly appalling and catastrophic” humanitarian situation in Gaza were denounced by…

Auctioneers institute unveils growth plan, promotes excellence

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The newly appointed Chairman of CIAN, Ajayi Franklin, called the event “a new beginning in the history of the institute” and said that the Abuja Chapter was ready for innovation, growth, and strengthened professionalism. “We are not just auctioneers; we are professionals, entrepreneurs, and leaders in our respective fields,” Franklin said. The Abuja Chapter of the Certified Institute of Auctioneers Nigeria has unveiled a two-year plan to create a dynamic, inclusive, and forward-thinking community of auctioneers in the Federal Capital Territory. Franklin emphasized that the establishment of a fully operational…

Fire Breaks Out at Yinka Ayefele’s Fresh FM Headquarters in Ibadan

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A fire that destroyed Fresh FM Nigeria’s head office in Challenge, Ibadan, on Friday night has been confirmed by the organization’s management. The station said that the fire outbreak had impacted important facilities, including the studios of Fresh 105.9 FM and Blast 98.3 FM, in a statement issued late Friday by Samson Akindele, Group Head of Corporate Affairs, Fresh FM Nigeria, and Yinka Ayefele Limited. The statement claims that the fire caused significant damage after spreading to other workplaces, including the newsroom, transmitter/server room, and other crucial broadcasting equipment. According…

UNDP, REA partner on clean energy transition

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In order to accelerate Nigeria’s transition to clean energy, foster innovation, and prepare a new generation of experts for a future-ready energy sector, the Rural Electrification Agency and the United Nations Development Programme have inked an agreement. The development was revealed in a statement released by the electrification agency on Friday. Energizing education and innovation, expanding skills development, supporting state-level policy reforms, unlocking innovative finance, and boosting research and public engagement are the five main pillars upon which the relationship will be built. It was formally announced at a signing…

Meet recapitalisation target or face liquidation, NAICOM warns insurers

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Insurance firms that miss the July 2026 recapitalization deadline risk severe regulatory action, including merger or liquidation, the National Insurance Commission  NAICOM  has warned. The commission would not think twice about taking action against non-compliant companies, according to a circular sent to all insurance and reinsurance companies in Nigeria by Deputy Commissioner (Technical), Dr. Usman Jankara. According to the recently enacted Nigerian Insurance Industry Reform Act 2025, insurance companies must raise their capital to N10 billion for life insurance, N15 billion for non-life insurance, and N35 billion for reinsurance. The…

Inflation rate drops to 21.88% in July

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According to data from the National Bureau of Statistics, Nigeria’s headline inflation rate fell to 21.88 percent in July 2025 from 22.22 percent in June, marking the fourth consecutive month of declines. The July figure was 0.34 percentage points lower than the June rate and 11.52 percentage points lower than the 33.40 percent recorded in July 2024, according to the most recent Consumer Price Index report, which was made public on Friday. According to the NBS report, the Consumer Price Index increased 2.5 points from the previous month (123.4) to…