BREAKING: Court Grants Dele Farotimi N50m bail
Human rights lawyer, Dele Farotimi, has been granted bail by the Ekiti State High Court. The court granted Farotimi bail in the sum of N50 million, with a surety of the same amount. The court ruled that the surety must possess a landed property and adjourned the matter to January
Man Attempting To Divert Mexico-Bound Flight To U.S. Arrested
A 31-year-old man was arrested Sunday afternoon after attempting to redirect a domestic flight in Mexico to the United States, forcing an emergency landing. The Airbus A320, operated by Volaris, departed Leon, Guanajuato, at 7:17 am local time and was en route to Tijuana in northwestern Mexico. Approximately 45 minutes
Black Market Naira Strengthens Against Dollar
The Naira appreciated further against the dollar at the foreign exchange market to begin the week on a good note. A Bureau De Change Operator, Abubakar Alhassan, told DAILY POST that the dollar-to-Naira exchange rate closed at N1730 on Monday from N1730 on Friday. This represents a N5 appreciation against
Dangote, IPMAN Sign 60m Litres Weekly Fuel Deal
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply deal. This comes as IPMAN confirmed that fuel prices have marginally reduced across its member filling stations nationwide. Recall that on November 11, 2024, IPMAN announced that it had reached
NDIC Begins The Sale Of Heritage Bank Assets
The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets belonging to the defunct Heritage Bank. Bashir Nuhu, Director of Communication & Public Affairs at NDIC, disclosed this in a statement on Monday. Recalls that on June 3, the Central Bank of Nigeria revoked
Naira Appreciates Significantly Against Dollar
The naira appreciated significantly against the dollar in the foreign exchange market as FX supply surged. FMDQ data showed the naira strengthened to N1639.50 against the dollar on Thursday from N1,681.65 exchanged on Wednesday. This represents a N42.15 appreciation. Meanwhile, at the black market, the naira depreciated to N1750 per
BREAKING: Nigeria In Darkness As National Grid Collapses Again
Nigeria was on Thursday plunged into darkness as the country’s national grid collapsed again. The power supply was disrupted around 11:20 am on Thursday. This was confirmed on X by Nigeria National Grid via @NationalGridNg It tweeted: “BREAKING: Another Grid Setback Experienced.” This is the second time the grid has
Victory Declared By Donald Trump
Donald Trump of the Republican Party has said he’s going to make America great again as he has been projected to win the presidential election. He made this known in his speech on Wednesday while addressing voters at Florida after securing 266 electoral college votes, ahead of Kamara Harris, Presidential
National Grid Collapse: UK-Based Firm Announces Merger With Nigerian Power Company, Shyft
A United Kingdom-based energy revenue management company, SteamCo, has announced a merger with Nigerian Shyft Power Solutions to end national grid collapses and energy crises in Nigeria and Africa. The company said the move was necessary to tackle the age-long power sector crisis in Nigeria and Africa through digital energy,
US Election – I Will Fight For America With My Life, Breath – Trump
Former President Donald Trump has said he will fight for America every single day of his life. He stated this while addressing his supporters on Wednesday. This comes after Trump Fox News projected Trump to win the country’s presidential election. Trump had earlier won Georgia, North Carolina and Pennsylvania, key