Category: News

Singer Davido reportedly loses son after third birthday

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Music star, David Adeleke popularly known as Davido and his partner, Chioma Rowland have lost their three-year-old son, Ifeanyi. According to reports widely published online, Ifeanyi who turned 3 on October 20, drowned in a swimming pool at the singer’s residence in Banana Island area of Lagos State. Ifeanyi was reported to have been underwater for a very long time before being spotted and rushed to a hospital in the Lekki area of the state. He was however, confirmed dead on arrival. The horrific incident happened on Monday night. Though…

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Naira re-design: Buhari backs Emefiele

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President Muhammadu Buhari yesterday said that the Central Bank of Nigeria has his support on the decision to embark on the redesigning of Naira notes, amid controversies over the position of the Finance Minister, Mrs Zainab Ahmed. Ahmed, at the weekend, declared that the CBN did not carry her Ministry along in the new Naira note plan, warning that the new notes could have dire consequences on the value of the Naira. But Buhari in a statement by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said…

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Housewife arrested in Borno for poisoning husband

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Fatima Abubakar, a 25-year-old housewife, has been arrested by the Borno State Police Command, for allegedly killing her husband, Goni Abbah, with poison. The state Commissioner of Police, Mr Abdu Umar, who disclosed this in Maiduguri, the state capital, said the suspect was arrested on October 19 at Anguwan Doki. Umar said the victim, who was the Chief Imam of the area, had returned from a mosque when the suspect, who was his second wife, allegedly put poison in his food. He explained that as soon as Abbah started eating,…

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Commercial bus drivers in Lagos begin seven-day strike

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Joint Drivers’ Welfare Association of Nigeria has commenced its seven-day strike in Lagos State on Monday as it was unable to reach an agreement with the state government. The group, in a statement by its lawyer, Ayo Ademiluyi, said it had been subjected to indiscriminate extortion and violent harassment by the management of parks and garages in the state. The statement read in part, “As commercial drivers in Lagos State under the aegis of JDWAN, we are left with no choice than to embark on seven days of protest and…

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Kidnapped UI Professor, Agbaje, released

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Police in Oyo on Monday, confirmed the release of Prof. Adigun Agbaje, a former Deputy Vice-Chancellor, at the University of Ibadan, from the dens of his abductors. It’s Public Relations Officer, SP. Adewale Osifeso made this known in Ibadan. Agbaje, along with other travellers, including two female students of Moshood Abiola Polytechnic, Abeokuta, were on Friday night kidnapped by gunmen in military uniform around Dominica University, on Lagos-Ibadan Expressway. According to Osifeso, Agbaje is currently undergoing debriefing, saying an update will be provided on the matter. He, however, did not…

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Afenifere divided as Fasoranti hosts Tinubu

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  Pa Reuben Fasoranti and other Afenifere leaders yesterday endorsed the presidential ambition of Asiwaju Bola Ahmed Tinubu, presidential candidate of the ruling All Progressives Congress (APC). Tinubu’s ambition has caused a wedge in the long-standing relationship between two Afenifere leaders, Pa Reuben Fasoranti and Chief Ayo Adebanjo. While Fasoranti is fully in support of Tinubu’s aspiration and prayed for his success yesterday, Adebanjo is backing presidential candidate of the Labour Party (LP), Peter Obi. In March 2021, 96-year-old Fasoranti stepped down as National Leader of Afenifere, the pan-Yoruba socio-political…

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Wema Bank increases earnings by 51% to N95.354 billion on loan growth

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Nigeria’s most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021. According to the bank’s unaudited financial results for the third quarter of 2022, the grow in gross earnings reflects an increase in loans and advances and supported in a challenging macro economic environment. The result shows that Interest income grew by 55.14 percent y-o-y, benefitting from strong loan…

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Union Bank Wins Global Finance Award for Best SME Bank in Nigeria

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Union Bank of Nigeria ‘Union Bank’ has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards. Global Finance seeks to help corporate leaders, bankers, and investors chart the course of global business & finance and has become a trusted standard of excellence for banks and their corporate partners. Honorees of the 2023 Best SME Bank Awards have been chosen globally across the following regions: Africa, Asia-Pacific, the Caribbean, Central…

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Finance minister disagrees with CBN over naira redesigning

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Zainab Ahmed, the Minister of Finance, Budget and National Planning, has distanced herself from the Naira redesign policy fixed for December 15, 2022 by the Central Bank of Nigeria. The Minister, who commented on the policy in response to question raised by Senators during the 2023 budget defence session she had with the Senate Committee on Finance, chaired by Senator Solomon Olamilekan, warned the CBN of consequences that may arise from the policy. The Senate had told the Finance Minister that barely two days after announcement of the policy by…

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Terror alert: Buhari reacts to US, UK alerts to possible terror attack on Abuja

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President Muhammadu Buhari on Friday in a statement by his spokesperson Garba Shehu, called for calm amid alerts by the United States and United Kingdon over a possible terror attack on Abuja, the capital city. Buhari said Nigeria’s security forces will be vigilant and urged citizens not to panic. “He urges citizens to remain calm. The recent changes in travel advice from the US and UK governments should not be a cause for panic,” Shehu said. “Nigeria is no exception in having terror threats listed in foreign government’s travel advice…

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