Author: topnews

Blackout as workers shut down power grid

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As the strike by the Nigeria Labour Congress and Trade Union Congress begins, the Transmission Company of Nigeria has announced the complete shutdown of Nigeria’s power grid by labour unions. NLC and TUC commenced a nationwide industrial action on Monday in protest against the N60,000 minimum wage proposal of the Federal Government. Announcing the shutdown of the national power grid in a statement issued on Monday morning by TCN spokesperson, Ndidi Mbah, the transmission firm said the action was deliberately done by the workers. The statement was titled, “Grid shutdown:…

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Heritage Bank’s licence revoked by CBN

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The banking licence of Heritage Bank Plc has been revoked by the Central Bank of Nigeria, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various supervisory steps taken by the regulator. With no reasonable prospects of recovery, the CBN has taken this action…

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FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

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FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in Nigeria sustained its fundamentals amid domestic and foreign challenges.  From its Q1 2024 profit & loss figures, the Group declared N208.1 billion profit, which was about 315.8 per cent compared with the N50.1 billion reported in…

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10 persons rescued as 4-storey building collapses on Lagos Island

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A four-storey building has collapsed in Iga Idungaran Street, Lagos Island, Lagos State, yesterday. Ten persons were reportedly rescued under the rubble of the collapsed building. The incident occurred near the Oba of Lagos, Rilwanu Akiolu’s palace, Lagos Island, at 11a.m., yesterday. It was gathered at the scene of the incident that the immediate cause of the incident was due to ongoing renovation being carried out on the residential building. The structure was already marked by Lagos State Building Control Agency, LASBCA, for evacuation before it subsequently collapsed. Men of…

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LG Electronics Takes Lead In Global Carbon Reduction Efforts On World Environment Day

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LG Electronics Inc, a multinational corporation in the consumer electronics and major appliance industry, has launched its ambitious global Zero Carbon 2030 initiative, aiming to achieve net-zero carbon emissions from its worldwide operations within 12 years. It is on this premise that LG Electronics Inc, and One Million Tree Initiative, (NGO) are collaborating in a tree planting drive. The exercise is scheduled to hold at Omole Housing Estate, phase 1, Ikeja, Lagos, in commemoration of the 2024 edition of World Environment Day, on June 5. With the Theme 2024: Land…

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Social media influencer banned from TikTok, Facebook over controversial comments on men

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Sarah Idaji Ojone, a social media influencer, also known as Saida Boj, has been banned from major social media platforms including TikTok, Facebook and Instagram handles. Saida Boj’s loss of social media handles happened hours after the video of controversial statements about men and relationships went viral. Saida Boj, who was a guest on the Honest Bunch Podcast, said that a man would have to transfer N500,000 to her within 24 hours of ‘talking stage’. She said the money is justified because she deserved to be paid for being beautiful.…

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Robbery suspects jump from two-storey court room, sustain injuries in Oyo

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Two robbery suspects have reportedly injured themselves when they attempted to run away after being arraigned before an Ibadan Magistrate Court, Iyaganku. The two suspects have been in Agodi Correctional Centre since 2023 where they are awaiting trial. It was gathered that the suspects jumped from a two-storey building and landed on the hard concrete downstairs thereby sustaining life-threatening injuries. Though, they didn’t die on the spot, a source at the scene said that one of the suspects might not make it as he reportedly landed on the concrete breaking…

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American Airlines sued over racial discrimination

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Three black men, Alvin Jackson, Emmanuel Jean Joseph, and Xavier Veal have filed a lawsuit against American Airlines for alleged racial discrimination meted out to them, following their removal from the carrier after a complaint about body odour. The three black men alleged that they were not seated together and did not know each other, but every black man was removed from the 5 January flight from Phoenix, Arizona, to New York. “American Airlines singled us out for being Black, embarrassed us, and humiliated us,” the men said in a…

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Davido launches own meme coin

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Amid TapSwap and other crypto trends, popular Nigerian singer, Davido has made waves in the cryptocurrency arena with the introduction of his own meme coin, $Davido. Launched on May 29, 2024, the coin is currently priced at $0.007783 USD and has quickly gained popularity. Davido has partnered with prominent blockchain platforms Phantom and Solana to bring his vision to fruition. Since its release, the $Davido meme coin has been on an upward trend, attracting significant interest from fans and investors alike. Enthusiasts are closely monitoring the coin’s performance, eager to…

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Court declares 25 Rivers Assembly seats vacant

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The seats of the 25 lawmakers, who defected from the Peoples Democratic Party, PDP, to the All Progressives Congress, APC, has been declared vacant by a Rivers State High Court sitting in Port Harcourt, pending the determination of a suit before it. The court, however, ordered the Rt. Hon. Martin Amaewhule, to stop parading as the Speaker of the Rivers State House of Assembly and bared the 24 lawmakers, who are all Anti-Siminalayi Fubara, the governor of the state, from posing as lawmakers in the state. Hon. Justice Charles Wali…

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