News Archives

16 persons arrested as Navy uncovers illegal training camp in Lagos

Jan 16, 2017Jan 16, 2017 topnews

An illegal training camp has been uncovered by the Nigerian Navy Forward Operating Base, Badagry Lagos. The illegal base at Oto-Awori, Ijanikin, along Lagos-Badagry Expressway is being used by a syndicate to train prospective applicants into the Nigerian Navy. Arrested were four management staff of a maritime agency, who have been parading themselves as Naval officers, and 12 recruits, who claimed to have paid between N50,000 and N250,000 as admission fees into the Navy. One of the suspects, Lukemon Bello, who was clad in Navy uniform with the rank of…

Fidelity Bank, Diamond Bank, others boosts NSE’s turnover by N9b

Jan 16, 2017 topnews

Volume of shares traded by some banks, especially Fidelity Bank Plc and Diamond Bank, last week, lifted the volume of shares traded at the NSE, as a turnover of 1.117 billion shares worth N9.041 billion was recorded in 16,482 deals by investors on the floor of the Exchange. This volume of shares traded, was, however, higher than a total of 4.319 billion units, worth N7.376 billion that changed hands in 9,330 deals during the preceding week. Specifically, the financial services industry (measured by volume) led the activity chart with 903.696…

Dangote set to create 3,000 jobs, sets up truck assembly plant In Lagos.

Jan 16, 2017 topnews

Aliko Dangote, Africa’s richest man and foremost entrepreneur, is setting up a $100 million vehicle assembly plant in Lagos, to tap the opportunity provided by the scarcity of forex and help tackle employment crisis in the country. The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group spends huge amount to import , distribution of its products both locally and across the continent. Chief Corporate Communication Officer of Dangote Group, Mr. Anthony Chiejina confirmed the project, saying Dangote would be partnering a leading Chinese…

Turkish int’l school student, staff kidnapped

Jan 15, 2017 topnews

Sporadic shooting heralded the kidnapping of some staff and student of Nigerian Turkish International Colleges, NTIC, located in the Isheri area of Ogun State. The Principal of the school, Yunus Emre Dogan, told newsmen, yesterday, that the gunmen came into the school and started shooting sporadically. It was gathered that the gunmen stormed the premises of the school, which is located in a swampy, bushy area, around 9.20pm on Friday, and made away with eight persons including three regular students and two others who were preparing for Joint Admission and Matriculation Board, JAMB, exams,…

Roast duck vendor dies of bird flu

Jan 15, 2017 topnews

The official news agency in China on Saturday has disclosed that a roast duck vendor has died of bird flu in central China, the latest human casualty of the disease this winter. The 36-year-old man, surnamed Zhang, passed away on January 11 in Yongcheng city of the central province of Henan, Xinhua cited the provincial health and family planning commission as saying. He sold roast duck in the coastal province of Zhejiang before falling ill with fever and coughing just after Christmas, eventually returning to his hometown in early January.…

Naira weakens further against dollar, sells for N497 to $1

Jan 14, 2017 topnews

Reports indicate that the Naira on Friday depreciated further at the parallel market as dollar scarcity worsened. Naira may be seeing its worst times as the CBN will be resuming dollar sales to Bureau De Change (BDC) operators next week. The Nigerian currency exchanged at N497 to a dollar at the parallel market, losing two points from Thursdays posting; while the Pound Sterling and the Euro traded at N597 and 515 respectively. At the BDC window, the Naira was sold at N399 to a dollar, while the Pound Sterling and…

Sale of alcohol, prostitution banned in Borno.

Jan 13, 2017Jan 13, 2017 topnews

Borno State government has announced a ban on the sale of alcohol and prostitution in the state as part of its efforts to curtail criminality and social vices. The Commissioner for Justice, Alhaji Kakashehu Lawan, made the announcement while briefing newsmen in Maiduguri, yesterday. He said that mobile courts would be set up to try violators of the new law. According to him, “the sale of alcohol is, hereby, banned throughout the state with effect from January 20. “All brothels and other spots where prostitution, immoral activities, sale and consumption…

MMM resumes operation

Jan 13, 2017 topnews

After one month break that left participants in suspense, the promoters of Mavrodi Mondial Movement (MMM) on Friday announced their resumption . MMM promoters in a message to the participants on its portal reassured them that it was in line with its promise to resume after a month. The participants have flooded social media with messages depicting high hopes as the promoters of the ponzi scheme re-opened. In the MMM message, participants are told that “the holidays are over and restrictions on accounts is lifted and reopened for transactions. “The…

Confessions of Osun Varsity girl’s kidnapper: ‘Herbalist paid me N10,000’

Jan 13, 2017 topnews

Elijah Oyebode, a commercial bus driver and a herbalist, simply identified as Jelili, are currently helping the Department of State Services, DSS, Osun State Command, on what led to the alleged kidnapping and killing of a 400 Level student of Osun State University, Osogbo, Adebisi Rofiat Damilola. It would be recalled that Rofiat, who left Ipetu-Ijesa for Osogbo on December 22, 2016 got missing along the way and her corpse was later found on the roadside along Ikirun/Iragbiji road few days after. Sources within the DSS disclosed in Osogbo that…

Ambassadorial nominees: Buhari drops Mamora, Ogunwusi, others

Jan 13, 2017 topnews

President Muhammadu Buhari has sent names of 46 non-career ambassadorial nominees to the Senate for screening and subsequent confirmation. In the new list, name of former Deputy Minority Leader of the Senate, Senator Olorunnimbe Mamora, was dropped with no replacement. Also dropped was Adegboyega Ogunwusi, an elder brother of the Ooni of Ife, Enitan Ogunwusi, who was replaced with Afolahsn Adeyemi. In the former list sent in October last year, President Buhari had forwarded three names from Lagos State and they were Mamora, a retired Supreme Court judge, George Oguntade…