Tag: Donald Trump

EFCC Recovers Billions in Refinery Fraud, Ex-NNPCL Officials Prosecuted

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Over N5 billion and $10 million have been retrieved by the Economic and Financial Crimes Commission from government officials and contractors implicated in the fraud involving the turnaround maintenance of the country’s refineries in Port Harcourt, Kaduna, and Warri. According to reliable information obtained , the anti-graft agency was attempting to recoup an additional N10 billion and $13 million that were purportedly embezzled through maintenance contractors. According to information obtained by our correspondent, Ola Olukoyede, the chairman of the EFCC, personally oversaw the probe because he was unhappy with the…

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…

Trump, Putin hold high-stakes Alaska summit today

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Friday’s high-stakes, high-risk summit between US President Donald Trump and Russian counterpart Vladimir Putin in Alaska could be pivotal for Ukraine’s future. Before the summit, Putin will make his first foray onto Western territory since ordering the invasion of Ukraine in February 2022, a war that has claimed tens of thousands of lives and in which Russia has not backed down. At the Russian leader’s proposal, Trump invited him, but the US president has since become defensive and threatened to end the meeting in a matter of minutes if Putin…

Why FG named KWAM 1 aviation security ambassador — Keyamo

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The Federal Government’s decision to designate Wasiu Ayinde Marshal, also known as KWAM 1, as an ambassador for appropriate airport security protocol was justified by Festus Keyamo, Minister of Aviation and Aerospace Development. This came about as a result of public criticism over the FG’s position on recent instances of disruptive behavior at Nigerian airports including KWAM 1 and Comfort Emmason, an Ibom Air customer, acting unrulily with the airline’s air hostess. Keyamo had stated that the Nigerian Civil Aviation Authority had consented to shorten KWAM 1’s flight prohibition to…

Fuel consumption dropped to 1.44bn litres in June 2025 — NMDPRA

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According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, total fuel evacuation for June 2025 dropped to 1.44 billion liters, marking a notable decrease in fuel usage. In a study released on Wednesday, NMDPRA‘s Director of Public Affairs, George Ene-Ita, verified that the average daily fuel consumption was 48 million liters, refuting previous estimates that claimed a lower amount of 38.94 million liters. The News Agency of Nigerian on Wednesday quoted Ene-Ita, as saying, that “the total fuel evacuation for June was precisely 1,440,768,129 litres, representing a 16.42 per…

Premier League ends partnership with LGBTQ+ Charity Stonewal

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The long-running Rainbow Laces campaign has come to an end after the Premier League formally terminated its collaboration with LGBTQ+ charity Stonewall. The action marks a change in the league’s attitude to inclusivity as it gets ready to introduce its LGBTQ+ History Month program in February. Rainbow Laces was first developed by Stonewall in 2013 with the goal of promoting LGBTQ+ inclusiveness in football. The Premier League launched it in 2017. In a clear demonstration of solidarity for the gay, homosexual, bisexual, and transgender populations in the sport, players in…

Morayo Brown Steps Down as ‘Your View’ Host on TVC

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After 12 years at TVC Communications, Morayo Afolabi-Brown, the longtime anchor of Your View and managing director of TVC Entertainment, has formally left. Her final day of employment will be Thursday, August 29, 2025, according to a statement released on Monday by Edward Akintara, TVC Manager, PR, Corporate Communications & Marketing, confirming her resignation. According to the network, Morayo decided to resign in order to focus on a long-standing passion project that she had been nurturing for a long time. The statement said, in part, “We honor her for the…

Trump to announce trade deal with UK

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The United States and Britain were reportedly set to announce a trade agreement on Thursday that could have implications for President Donald Trump’s tariffs assault, but the scope of the deal could be limited. The New York Times and Politico reported that the agreement would be with the UK, citing multiple people familiar with the plans, while the Wall Street Journal said it would be a “framework” of a deal. It would be the first such trade agreement since Trump imposed sweeping tariffs on US trading partners on what he…

‘Stand up’ to Trump, ex-Australian PM Turnbull urges political leaders

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Former Australian prime minister Malcolm Turnbull drew chuckles Tuesday as he impersonated Donald Trump, urging the nation’s political leaders to contest a general election next month to “stand up” to the US president. Turnbull, who was Australian prime minister when Trump first took office in 2017, briefly adopted a nasal American accent as he mimicked the US commander-in-chief during a speech. Political hopefuls contesting Australia’s May 3 general election should not be scared of angering Trump, Turnbull said. “That’s the challenge for our leaders — they’ve got to be able…