Author: Akintayo Adams

Nigeria’s capital importation rose by 210 per cent to $3,376.01 million in the first quarter of the ongoing year 2024. This was contained in the National Bureau of Statistics (NBS) latest Nigeria’s Capital Importation data for Q1 2024 was released on Monday. The report said the nation’s capital importation rose to $3,376.01 million, higher than $1,132.65 million recorded in Q1 2023, thereby indicating an increase of 198.06 per cent and 210 per cent increase from $1,088.48 million recorded in Q4 2023. It also attributed the increase to high Portfolio Investment valued at “$2,075.59 million, accounting for 61.48 per cent; followed…

The popular tap-2-earn app Tapswap, powered by the TON Blockchain, announced that the token allocation to users has been postponed to the third quarter of the year. The app, which gained traction in Nigeria and amassed over 50 million users since its launch on February 15, 2024, requires users to tap the icon on the Telegram Tapswap bot screen to mine coins. The management decided to delay the share-to-token exchange event originally scheduled for July 1st to better serve its players. In a series of threads on X on Monday, Tapswap shared what it described as ‘bad and good news’…

Revenue generated from passengers by the Nigerian Railway Corporation (NRC) rose by 84.91 percent to ₦1.42 billion in Q1 2024, up from ₦768.44 million in the same period last year. This was contained in the National Bureau of Statistics’ latest Rail Transportation data released on Monday. According to the report, a total of 675,293 passengers traveled via rail system in the referenced period, relative to 441,725 reported in the corresponding quarter of 2023, indicating a growth rate of 52.88 per cent. The volume of goods/cargo transported via rail experienced a massive increase, standing at 160,650 tons in Q1 2024 compared…

Nigeria’s active internet subscribers experienced a 4.33 per cent increase to 164,368,292 in the first quarter of 2024, from 157,551,104 in the corresponding quarter last year. The National Bureau of Statistics (NBS) disclosed this on Monday in its Telecom Data report. The report states the total number of active voice subscribers in Q1 2024 was 219,304,281, a drop from the 226,161,713 reported in Q1 2023. Quarter-on-quarter basis, active voice subscribers fell by 2.41 per cent. On state profile analysis, Lagos had the highest number of active voice subscribers in Q1 2024 with 25,956,074, followed by Ogun with 12,672,990 and Kano…

The National Centre for the Control of Small Arms and Light Weapons (NCCSALW) has said the large cache of arms and ammunition intercepted by the Nigerian Customs Service (NCS) would be destroyed. This is after the completion of documentation. The centre also confirmed that the Nigerian Customs Service (NCS) had handed over the weapons to it. In a statement on Monday, the centre’s Director, Strategic Communications and Information, Group Captain Pius Okwuego, said the handing over of the seized weapons was done in Port Harcourt, Rivers State capital. “The Nigerian Customs Service, under the leadership of Comptroller General of Customs…

Nollywood actress Toyin Abraham reportedly had an X user arrested after the user wished death upon her son. The actress, facing backlash for supporting President Bola Tinubu in the 2023 elections, engaged in a heated exchange with @Yarlo, who made the threatening comment: “Your son go kpai soon.” In response, Toyin vowed to make an example out of him, to which the X user responded, “Use me as the first scapegoat.” However, in a new development on Monday, another user, claiming to be closely associated with @Yarlo, alleged that the X user was arrested by the Lagos State Police Command…

Football Megastar, Cristiano Ronaldo pondered the “unexplainable” moments he experienced during an eventful evening in Frankfurt. Despite missing numerous chances and breaking down in tears after Slovenia goalkeeper Jan Oblak denied his penalty in extra-time, the Portugal captain persevered. Eventually, Portugal’s goalkeeper Diogo Costa emerged as the hero, saving three Slovenia penalties and securing their team’s victory. Reflecting on his penalty, he said: “A direct shot to give the team the lead. I didn’t manage it. Oblak made a good save. “I have to see the penalty, I don’t know if I shot well or badly, but I haven’t missed…

July 2 is the 183rd day of the year (184th in leap years) in the Gregorian calendar, leaving 182 days until the year’s end. On July 2, various historical events are commemorated, from key legislative acts to significant cultural milestones, reflecting the day’s rich and diverse impact on history and society. In this post, we revisit historical events that occurred on this day in the past. July 2, 2012: Nigeria’s Federal Ministry of Industry, Trade, and Investment announced the signing of a Memorandum of Understanding with U.S.-based Vulcan Petroleum Resources Ltd. to build six oil refineries in a $4.5 billion…

Portugal forced their way into the UEFA European Championships quarter-finals with a 3-0 penalty shootout victory following a lackluster 0-0 draw against Slovenia. Slovenia, on their part, head home after reaching the knockout stages of an international tournament for the first time ever. Roberto Martinez suffered his first defeat in 12 games as Portugal’s manager with a surprising 2-0 loss to Slovenia in March, setting the stage for a challenging match. Slovenia’s sturdy defense initially thwarted Portugal’s efforts to score. Rafael Leao and Cristiano Ronaldo had opportunities from excellent crosses but failed to convert, leaving the match goalless. Ronaldo, despite…

14 of the 42 injured persons in the Borno suicide bombing were discharged from the State Specialist Hospital in Maiduguri, the state capital. However, the death toll from the multiple suicide attacks has risen to 32, according to Vice-President Kashim Shettima. The Vice President, who made a personal donation to all the victims, condoled with the families of those killed in the multiple explosions. “So far we have recorded 32 death, 42 people were brought in from Gwoza and about 14 people have been discharged but 26 people are currently receiving medical attention. “I want to use this forum to…