Author: Akintayo Adams

In a tragic incident, four soldiers attached to the Myoung Barracks in the Morocco area of Shomolu, Lagos, are feared dead, and others were injured after a suspected drunk driver rammed into them during their monthly road jogging early on Friday morning. An eyewitness named Priscilla, who lives in the area, reported that the Toyota vehicle, occupied by three young men, was running at full speed before colliding with the soldiers. After the accident, the young men attempted to flee but were apprehended and beaten, with their vehicle vandalized. One of the young men was also stabbed by the soldiers.…

The Nigerian naira recorded massive gains, reaching ₦1,485.95 per dollar on Thursday, January 30, 2025, the highest in months. This appreciation follows a series of measures introduced by the Central Bank of Nigeria (CBN), including the newly launched FX Code, aimed at boosting liquidity and transparency in the foreign exchange market. The naira’s rally has been consistent, with the currency appreciating ₦24.77 from the previous day’s rate of ₦1,510.72. Analysts attribute this positive trend to the CBN’s robust policies, which have helped stabilize the naira and boost investor confidence. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Chukwudimeme Onwuamadike, popularly known as Evans, has declared that he is now a reformed man. Speaking through his lawyer, Emefo Etudo, at a Lagos High Court session, Evans stated that he has repented from his past criminal activities and is seeking a plea bargain with the Lagos State Government. Etudo revealed that Evans has been transformed by the efforts of the Redeemed Christian Church of God (RCCG) and the Federal Government, which awarded him a scholarship to study at the National Open University. “He was a young man consumed by crime but he is now remorseful. Presently he is a…

The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, has announced that corps members will begin receiving a monthly allowance of ₦77,000 starting in February 2025. This new allowance has been captured in the 2025 Federal Government’s budget. Ahmed announced while addressing the 2024 Batch ‘C’ Stream II corps members in Katsina. Ahmed emphasized that the increase from the previous ₦33,000 allowance was approved by the federal government and encouraged corps members to show appreciation by being diligent during their service year. He also assured corps members of their safety, stating that they would not be…

A tragic plane crash occurred in Washington, DC, resulting in no survivors. The incident involved an American Airlines passenger jet colliding mid-air with a Sikorsky Black Hawk helicopter above Washington DC, before plunging into the Potomac River near Ronald Reagan Washington National Airport. Nearly 30 bodies have been recovered from the wreckage in the river so far. The jet, identified as a PSA Airlines service (flight 5342) operating for American Airlines, was flying from Wichita, Kansas. The helicopter was on a training mission. Local authorities have confirmed that there are no survivors from the crash. The National Transportation Safety Board…

The Bank of Canada announced a further 25 basis point reduction in its key interest rate, bringing the policy rate down to 3.0%. This marks the sixth consecutive rate cut since June 2024. The decision was influenced by boosting household spending and supporting economic growth amid ongoing trade uncertainties with the United States. Bank of Canada Governor Tiff Macklem noted that while inflation is currently around the 2% target, the potential impact of new tariffs could pose significant challenges to the Canadian economy. The central bank emphasized that monetary policy alone cannot offset the economic consequences of a prolonged trade…

Simon Rolfes, the Managing Director of Bayer Leverkusen, has confirmed that Nigerian striker Victor Boniface will not be joining Saudi club Al Nassr. Despite reports of an imminent move, Al Nassr opted to sign Aston Villa’s Jhon Duran instead. Rolfes expressed delight that Boniface will remain at the club. He stated, “There have been talks, but we are happy that he will be training with us today. I assume that he will stay. He feels comfortable here, his attitude towards the club is unchanged.” Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Recent data released by the Nigeria Inter-Bank Settlement System (NIBSS) revealed that Nigeria’s electronic payment transactions reached a historic high of N1.07 quadrillion in 2024. This figure translates to approximately $702.6 billion based on the closing exchange rate of N1,535 per dollar on December 31, 2024. The data showed a 79.6% increase over the N600 trillion recorded in 2023. The value of transactions recorded on the NIBSS Instant Payment (NIP) platform saw a steady rise throughout the year, with the highest value recorded in December at N115.1 trillion, likely due to increased spending during the festive period. Additionally, the volume…

The Nigeria Labour Congress (NLC) has announced a nationwide protest set for Tuesday, February 4, 2025, in response to the recent approval of a 50% increase in telecommunications tariffs by the Nigerian Communications Commission (NCC). The decision was reached after the NLC’s National Administrative Council (NAC) emergency meeting. The NLC condemned the tariff hike as “insensitive and unjustifiable,” arguing that it places an additional financial burden on Nigerian workers and the general public, who are already struggling with rising inflation, high food prices, electricity tariff increases, and the lingering effects of petrol subsidy removal. The union warned that Nigerian workers,…

United States President Donald Trump announced on Wednesday that he would sign an executive order for the Pentagon to prepare Guantanamo Bay to detain 30,000 ‘criminal illegal aliens.’ Trump stated that the facility would be used to detain the worst criminal illegal aliens threatening the American people. According to him, putting them there will ensure they do not come back because some of them are ‘so bad.’ “Today I am also signing an executive order to instruct the Departments of Defense and Homeland Security to begin preparing the 30,000-person migrant facility at Guantanamo Bay,” Trump said at the White House.…