Tag: naija entertainment

Police bust Lagos baby factory, rescue 10 victims

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The Lagos State Police Command has discovered a baby factory in the Ijegun area of the state and rescued 10 people. Three suspects were also arrested. The spokesperson for the command, Benjamin Hundeyin, shared this with reporters on Monday. Hundeyin said the illegal activity was exposed after the police received a tip-off last Saturday. He said officers quickly went to the location and arrested the main suspect, Mariam Vincent, aged 35, along with two others – Orie Ruth, 23, and Ujunwa Ifeanyi, 18. During the operation, the police found and…

EFCC nabs fraudster buying bank accounts

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Operatives of the Economic and Financial Crimes Commission have arrested one Olawole Sunday, a suspected internet fraudster, accused of purchasing bank account details from individuals to perpetrate financial crimes. A statement on Monday by the EFCC’s head of Media and Publicity, Dele Oyewale, said Sunday’s fraudulent scheme involved recruiting young individuals to open multiple bank accounts. Oyewale alleged that Sunday paid them between N25,000 and N50,000 for each account and collected their full banking details, including Automated Teller Machine cards. He said trouble began when Sunday allegedly used the account…

Naira shed 2.6% in March despite $668m CBN intervention

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The naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market window and the parallel market compared to the previous month. According to the latest Afrinvest Monthly Market Report titled ‘Analysing Global and Nigerian Economies & Financial Markets’, the naira dropped to N1,536.82/$ and N1,530.00/1.00 at the NAFEM window and parallel market, respectively. AIICO Capital, in its monthly macroeconomic market report in March, also confirmed that the naira came under a lot of demand pressure despite interventions by the Central…

Factional firestorm: Obi, Abure camps clash over parallel NEC meetings

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The leadership tussle in the Labour Party took a dramatic twist on Monday after the Julius Abure-led National Executive Committee of the Labour Party announced the removal of Hon Afam Ogene as LP Caucus Leader in the House of Representatives over his involvement in anti-party activities. The NEC also vowed to direct the disciplinary committee to sanction LP presidential candidate in the 2023 election, Peter Obi and Abia State Governor, Alex Oti, if they go ahead with their planned stakeholders’ engagement on Wednesday, as well as other activities that may…

LG autonomy: Govs block council chairmen from opening CBN accounts

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The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account. The latest development represents yet another significant hurdle, nearly nine months after the Supreme Court granted full autonomy to the 774 local governments across the country, paving the way for direct payment of federal allocations. As part of the Federal Government’s…

MTN tackles Netflix, Showmax, others in streaming battle

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In a bold move to reshape Africa’s digital entertainment space, telecoms giant MTN Group has teamed up with UK-based video software powerhouse Synamedia to launch a next-gen streaming platform for mobile and broadband users across the continent. The partnership, aimed at delivering high-quality, relevant, and accessible content, marks MTN entry into direct competition with major players like Netflix, Showmax, Prime Video, and MultiChoice. MTN’s Chief Commercial Officer, Selorm Adadevoh, said the collaboration is set to transform how Africans consume video, tapping into cutting-edge technology and real-time customer insights to deliver a deeply local and inclusive streaming experience.

‘It’s fake news,’ Presidency denies sacking INEC boss, Yakubu

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The Presidency has debunked widespread reports claiming that President Bola Tinubu has sacked the Chairman of the Independent National Electoral Commission INEC , Professor Mahmood Yakubu. The reports, which went viral early Monday, alleged that Yakubu had been removed from office and replaced with a certain Professor Bashiru Olamilekan in what was described as a “sweeping change” in the electoral body’s leadership. Reacting to the claims, the Senior Special Adviser to the President on Digital and New Media, O’tega Ogra, described the news as false and urged the public to…

Oil, commodities slump amid US-China tariff showdown

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Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent and Taipei more than nine percent. Futures for Wall Street’s markets were also taking another drubbing, while concerns about the impact on demand also…

Napoli ready to lower Osimhen price for United

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Former Serie A champions Napoli are willing to lower Victor Osimhen’s €75m valuation to enable Manchester United seal a deal for the Nigerian striker and also prevent him from joining Italian rivals Juventus in the summer. Currently on loan at Galatasaray, Osimhen is destined to part ways with Napoli at the end of the current season with top European clubs jostling for his signature. The 26-year-old striker was expected to leave last summer, but his purported move to Saudi Arabia failed while he also rejected a Chelsea transfer over personal terms.…

20 governors under fire for delaying N70k minimum wage

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The National President of the Nigeria Union of Local Government Employees, Alhaji   Haruna Kankara, on Sunday, said about 20 states have yet to implement the N70,000 new minimum wage for local government workers and primary school teachers. The states include Yobe, Gombe, Zamfara, Kaduna, Imo, Ebonyi, Cross River, Federal Capital Territory, Abuja, Borno and 11 others. The NULGE leader disclosed this in response to questions  on the implementation of the new minimum wage with reference to the LG workers and primary school teachers in the country. Following the signing of…